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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Jun. 30, 2014
Current assets:    
Cash and cash equivalents $ 79,239 $ 77,115
Accounts receivable, less allowances (2015 - $561 ; 2014 - $204) 199,149 204,692
Costs and estimated earnings in excess of billings on uncompleted contracts 86,071 73,008
Inventories 2,773 3,045
Income taxes receivable 579 2,797
Deferred income taxes 8,298 5,994
Other current assets 5,660 8,897
Total current assets 381,769 375,548
Property, plant and equipment, at cost:    
Land and buildings 32,746 31,737
Construction equipment 87,561 82,745
Transportation equipment 47,468 42,087
Office equipment and software 28,874 26,026
Construction in progress 5,196 9,892
Property, plant and equipment at cost, gross 201,845 192,487
Accumulated depreciation (116,782) (103,315)
Property, plant and equipment at cost, net 85,063 89,172
Goodwill 71,518 69,837
Other intangible assets 23,961 28,676
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 2,073 0
Other assets 3,947 5,699
Total assets 568,331 568,932
Current liabilities:    
Accounts payable 125,792 111,863
Billings on uncompleted contracts in excess of costs and estimated earnings 96,704 108,440
Accrued wages and benefits 26,725 36,226
Accrued insurance 8,100 8,605
Accrued Income Taxes, Current 3,268 481
Deferred Tax Liabilities, Net, Current 473 0
Other accrued expenses 6,498 4,246
Total current liabilities 267,560 269,861
Deferred income taxes 7,413 5,167
Borrowings under senior credit facility 8,804 11,621
Total liabilities $ 283,777 $ 286,649
Commitments and contingencies    
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of June 30, 2015 and June 30, 2014; 26,440,823 and 26,434,447 shares outstanding as of June 30, 2015 and June 30, 2014 $ 279 $ 279
Additional paid-in capital 123,038 119,777
Retained earnings 194,394 177,237
Accumulated other comprehensive loss (5,926) (182)
Total stockholders' equity before treasury stock 311,785 297,111
Less treasury stock, at cost — 1,447,394 and 1,453,770 shares as of June 30, 2015 and June 30, 2014 (18,489) (16,595)
Stockholders' Equity Attributable to Parent 293,296 280,516
Noncontrolling interest (8,742) 1,767
Total Matrix Service Company stockholders' equity 284,554 282,283
Total liabilities and stockholders' equity $ 568,331 $ 568,932