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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents (Note 1) $ 34,092 $ 83,878
Accounts receivable, less allowances (March 31, 2022—$634 and June 30, 2021—$898) 137,690 148,030
Costs and estimated earnings in excess of billings on uncompleted contracts 46,393 30,774
Inventories 6,907 7,342
Income taxes receivable 13,734 16,965
Other current assets 7,322 4,230
Total current assets 246,138 291,219
Property, plant and equipment at cost:    
Land and buildings 41,745 41,633
Construction equipment 93,862 94,453
Transportation equipment 49,532 50,510
Office equipment and software 43,447 42,706
Construction in progress 564 493
Total property, plant and equipment - at cost 229,150 229,795
Accumulated depreciation (168,672) (160,388)
Property, plant and equipment - net 60,478 69,407
Restricted Cash 25,000 0
Operating lease right-of-use assets 20,811 22,412
Goodwill 42,240 60,636
Other intangible assets, net of accumulated amortization 5,228 6,614
Deferred income taxes 0 5,295
Other assets, non-current 13,185 11,973
Total assets 413,080 467,556
Current liabilities:    
Accounts payable 68,161 60,920
Billings on uncompleted contracts in excess of costs and estimated earnings 73,868 53,832
Accrued wages and benefits 23,073 21,008
Accrued insurance 6,310 6,568
Operating lease liabilities 4,928 5,747
Other accrued expenses 3,841 5,327
Total current liabilities 180,181 153,402
Deferred income taxes 32 34
Operating lease liabilities 19,630 20,771
Other liabilities, non-current 401 7,810
Total liabilities 200,244 182,017
Commitments and contingencies
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of March 31, 2022 and June 30, 2021; 26,783,265 and 26,549,438 shares outstanding as of March 31, 2022 and June 30, 2021, respectively 279 279
Additional paid-in capital 137,886 137,575
Retained earnings 97,822 175,178
Accumulated other comprehensive loss (7,477) (6,749)
Stockholders' equity 228,510 306,283
Less: Treasury stock, at cost — 1,104,952 shares as of March 31, 2022, and 1,338,779 shares as of June 30, 2021 (15,674) (20,744)
Total stockholders' equity 212,836 285,539
Total liabilities and stockholders’ equity $ 413,080 $ 467,556