XML 33 R13.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Variable Interest Entities | 9 Months Ended
--- | ---
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Variable Interest Entities |
6. | Variable Interest Entities
The Company owns a 50% interest in Myers & Sons Construction, L.P. (“Myers”), of which it is the primary beneficiary and has consolidated Myers into the Company’s financial statements. Because the Company exercises primary control over activities of the partnership and it is exposed to the majority of potential losses of the partnership, the Company has consolidated Myers within the Company’s financial statements since August 1, 2011, the date of acquisition. Refer to Note 6 of the Notes to Consolidated Financial Statements included in the 2016 Form 10-K for additional information on the acquisition of this limited partnership. The condensed financial information of Myers, which is reflected in the Company’s condensed consolidated balance sheets and statements of operations, is as follows (amounts in thousands):
|  | September 30, 2017 |  | December 31, 2016
Assets: |  |  |  |  |  |
Current assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,588 |  |  | $ | 9,655 |
Contracts receivable, including retainage |  | 30,134 |  |  | 15,046 |
Other current assets |  | 13,936 |  |  | 10,208 |
Total current assets |  | 46,658 |  |  | 34,909 |
Property and equipment, net |  | 8,996 |  |  | 9,824 |
Goodwill |  | 1,501 |  |  | 1,501 |
Total assets |  | $ | 57,155 |  |  | $ | 46,234 |
Liabilities: |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |
Accounts payable |  | $ | 27,109 |  |  | $ | 21,274 |
Other current liabilities |  | 14,667 |  |  | 8,782 |
Total current liabilities |  | 41,776 |  |  | 30,056 |
Long-term liabilities: |  |  |  |  |  |
Other long-term liabilities |  | 271 |  |  | 5,373 |
Total liabilities |  | $ | 42,047 |  |  | $ | 35,429 |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Revenues |  | $ | 64,266 |  |  | $ | 50,739 |  |  | $ | 126,333 |  |  | $ | 121,649 |
Operating income |  | 3,666 |  |  | 2,720 |  |  | 6,307 |  |  | 4,894 |
Net income |  | 1,834 |  |  | 1,357 |  |  | 3,149 |  |  | 2,440 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
Name: | us-gaap_VariableInterestEntityDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration