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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 73,751 $ 100,036
Accounts receivable, less allowances (March 31, 2021—$856 and June 30, 2020—$905) 158,099 160,671
Costs and estimated earnings in excess of billings on uncompleted contracts 37,964 59,548
Inventories 6,217 6,460
Income taxes receivable 11,443 3,919
Other current assets 7,013 4,526
Total current assets 294,487 335,160
Property, plant and equipment at cost:    
Land and buildings 41,379 42,695
Construction equipment 95,526 94,154
Transportation equipment 52,467 55,864
Office equipment and software 41,196 39,356
Construction in progress 2,217 4,427
Total property, plant and equipment - at cost 232,785 236,496
Accumulated depreciation (160,051) (155,748)
Property, plant and equipment - net 72,734 80,748
Operating lease right-of-use assets 21,109 21,375
Goodwill 60,605 60,369
Other intangible assets, net of accumulated amortization 7,181 8,837
Deferred income taxes 4,513 5,988
Other assets 11,048 4,833
Total assets 471,677 517,310
Current liabilities:    
Accounts payable 50,163 73,094
Billings on uncompleted contracts in excess of costs and estimated earnings 59,495 63,889
Accrued wages and benefits 21,983 16,205
Accrued insurance 7,437 7,301
Operating lease liabilities 5,199 7,568
Other accrued expenses 4,958 7,890
Total current liabilities 149,235 175,947
Deferred income taxes 34 61
Operating lease liabilities 20,651 19,997
Borrowings under senior secured revolving credit facility 0 9,208
Other liabilities 7,897 4,208
Total liabilities 177,817 209,421
Commitments and contingencies
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of March 31, 2021 and June 30, 2020; 26,519,217 and 26,141,528 shares outstanding as of March 31, 2021 and June 30, 2020 279 279
Additional paid-in capital 136,042 138,966
Retained earnings 185,901 206,402
Accumulated other comprehensive loss (7,082) (8,373)
Stockholders' equity 315,140 337,274
Less: Treasury stock, at cost — 1,369,000 shares as of March 31, 2021, and 1,746,689 shares as of June 30, 2020 (21,280) (29,385)
Total stockholders' equity 293,860 307,889
Total liabilities and stockholders’ equity $ 471,677 $ 517,310