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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 93,481 $ 100,036
Accounts receivable, less allowances (December 31, 2020—$853 and June 30, 2020—$905) 151,068 160,671
Costs and estimated earnings in excess of billings on uncompleted contracts 41,398 59,548
Inventories 6,764 6,460
Income taxes receivable 4,287 3,919
Other current assets 7,769 4,526
Total current assets 304,767 335,160
Property, plant and equipment at cost:    
Land and buildings 43,243 42,695
Construction equipment 94,893 94,154
Transportation equipment 52,182 55,864
Office equipment and software 42,143 39,356
Construction in progress 2,065 4,427
Property, plant and equipment at cost, gross 234,526 236,496
Accumulated depreciation (158,774) (155,748)
Property, plant and equipment at cost, net 75,752 80,748
Operating lease right-of-use assets 18,308 21,375
Goodwill 60,605 60,369
Other intangible assets, net of accumulated amortization 7,743 8,837
Deferred income taxes 6,815 5,988
Other assets 5,920 4,833
Total assets 479,910 517,310
Current liabilities:    
Accounts payable 51,269 73,094
Billings on uncompleted contracts in excess of costs and estimated earnings 62,244 63,889
Accrued wages and benefits 16,373 16,205
Accrued insurance 7,795 7,301
Operating lease liabilities 5,359 7,568
Other accrued expenses 7,087 7,890
Total current liabilities 150,127 175,947
Deferred income taxes 75 61
Operating lease liabilities 17,521 19,997
Borrowings under senior secured revolving credit facility 0 9,208
Other liabilities 7,898 4,208
Total liabilities 175,621 209,421
Commitments and contingencies
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of December 31, 2020 and June 30, 2020; 26,502,960 and 26,141,528 shares outstanding as of December 31, 2020 and June 30, 2020 279 279
Additional paid-in capital 133,957 138,966
Retained earnings 198,774 206,402
Accumulated other comprehensive loss (7,150) (8,373)
Stockholders' equity 325,860 337,274
Less: Treasury stock, at cost — 1,385,257 shares as of December 31, 2020, and 1,746,689 shares as of June 30, 2020 (21,571) (29,385)
Total Stockholders' Equity 304,289 307,889
Total liabilities and stockholders’ equity $ 479,910 $ 517,310