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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 73,006 $ 22,668
Accounts receivable, net of allowances of $2,166 and $1,696, respectively 362,032 385,938
Contract assets, net of allowances of $376 and $359, respectively 219,445 185,803
Current portion of receivable for insurance claims in excess of deductibles 10,639 11,859
Refundable income taxes 8,934 1,534
Other current assets 26,579 28,882
Total current assets 700,635 636,684
Property and equipment, net of accumulated depreciation of $313,999 and $294,366, respectively 184,863 185,114
Operating lease right-of-use assets 21,447 22,291
Goodwill 66,065 66,065
Intangible assets, net of accumulated amortization of $16,201 and $14,467, respectively 49,632 51,365
Receivable for insurance claims in excess of deductibles 33,536 27,043
Investment in joint ventures 3,786 3,040
Other assets 3,863 4,257
Total assets 1,063,827 995,859
Current liabilities:    
Current portion of long-term debt 1,025 4,381
Current portion of operating lease obligations 7,451 6,612
Current portion of finance lease obligations 0 318
Accounts payable 193,218 162,580
Contract liabilities 149,847 158,396
Current portion of accrued self-insurance 23,945 24,395
Other current liabilities 80,215 86,718
Total current liabilities 455,701 443,400
Deferred income tax liabilities 19,682 18,339
Long-term debt 3,986 25,039
Accrued self-insurance 51,449 45,428
Operating lease obligations, net of current maturities 14,015 15,730
Other liabilities 22,814 18,631
Total liabilities 567,647 566,567
Commitments and contingencies
Stockholders’ equity:    
Preferred stock—$0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at September 30, 2021 and December 31, 2020 0 0
Common stock—$0.01 par value per share; 100,000,000 authorized shares; 16,869,947 and 16,734,239 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 168 167
Additional paid-in capital 161,593 158,618
Accumulated other comprehensive income 100 23
Retained earnings 334,315 270,480
Total stockholders’ equity attributable to MYR Group Inc. 496,176 429,288
Noncontrolling interest 4 4
Total stockholders’ equity 496,180 429,292
Total liabilities and stockholders’ equity $ 1,063,827 $ 995,859