XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 9,991 $ 12,397
Accounts receivable, net of allowances of $3,186 and $3,364, respectively 341,514 388,479
Contract assets, net of allowances of $393 and $147, respectively 224,275 217,109
Current portion of receivable for insurance claims in excess of deductibles 9,129 6,415
Refundable income taxes 0 1,973
Other current assets 10,007 12,811
Total current assets 594,916 639,184
Property and equipment, net of accumulated depreciation of $284,385 and $272,865, respectively 181,711 185,344
Operating lease right-of-use assets 24,555 22,958
Goodwill 66,051 66,060
Intangible assets, net of accumulated amortization of $13,311 and $10,880, respectively 52,486 54,940
Receivable for insurance claims in excess of deductibles 23,328 30,976
Investment in joint ventures 3,186 4,722
Other assets 3,853 3,687
Total assets 950,086 1,007,871
Current liabilities:    
Current portion of long-term debt 7,186 8,737
Current portion of operating lease obligations 6,864 6,205
Current portion of finance lease obligations 893 1,135
Accounts payable 154,902 192,107
Contract liabilities 128,702 105,486
Current portion of accrued self-insurance 20,005 18,780
Other current liabilities 84,982 64,364
Total current liabilities 403,534 396,814
Deferred income tax liabilities 21,515 20,945
Long-term debt 74,782 157,087
Accrued self-insurance 40,946 48,024
Operating lease obligations, net of current maturities 17,788 16,884
Finance lease obligations, net of current maturities 0 338
Other liabilities 2,071 3,304
Total liabilities 560,636 643,396
Commitments and contingencies
Stockholders' equity:    
Preferred stock-$0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at June 30, 2020 and December 31, 2019 0 0
Common stock-$0.01 par value per share; 100,000,000 authorized shares;16,708,559 and 16,648,616 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 167 166
Additional paid-in capital 154,594 152,532
Accumulated other comprehensive loss (398) (446)
Retained earnings 235,083 212,219
Total stockholders' equity attributable to MYR Group Inc. 389,446 364,471
Noncontrolling interest 4 4
Total stockholders' equity 389,450 364,475
Total liabilities and stockholders' equity $ 950,086 $ 1,007,871