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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 31,464 $ 52,371
Accounts receivable, less allowances (December 31, 2022—$1,112 and June 30, 2022—$1,320) 182,054 153,879
Costs and estimated earnings in excess of billings on uncompleted contracts 46,588 44,752
Inventories 7,981 9,974
Income taxes receivable 13,546 13,547
Prepaid expenses 8,104 4,024
Other current assets 4,745 8,865
Total current assets 294,482 287,412
Restricted Cash 25,000 25,000
Property, plant and equipment, net 50,684 53,869
Operating lease right-of-use assets 23,938 22,067
Goodwill 29,733 42,135
Other intangible assets, net of accumulated amortization 3,931 4,796
Other assets, non-current 10,350 5,514
Total assets 438,118 440,793
Current liabilities:    
Accounts payable 80,561 74,886
Billings on uncompleted contracts in excess of costs and estimated earnings 99,762 65,106
Accrued wages and benefits 12,352 21,526
Accrued insurance 5,818 6,125
Operating lease liabilities 4,534 5,715
Other accrued expenses 5,525 4,427
Total current liabilities 208,552 177,785
Deferred income taxes 27 26
Operating lease liabilities 22,713 19,904
Borrowings under asset-backed credit facility 15,000 15,000
Other liabilities, non-current 374 372
Total liabilities 246,666 213,087
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of December 31, 2022 and June 30, 2022; 27,027,323 and 26,790,514 shares outstanding as of December 31, 2022 and June 30, 2022, respectively 279 279
Additional paid-in capital 137,989 139,854
Retained earnings 71,939 111,278
Accumulated other comprehensive loss (8,663) (8,175)
Stockholders' equity 201,544 243,236
Treasury stock, at cost — 860,894 shares as of December 31, 2022, and 1,097,703 shares as of June 30, 2022 (10,092) (15,530)
Total stockholders' equity 191,452 227,706
Total liabilities and stockholders’ equity $ 438,118 $ 440,793