XML 67 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 33,997 $ 12,397
Accounts receivable, net of allowances of $3,140 and $3,364, respectively 349,189 388,479
Contract assets, net of allowances of $432 and $147, respectively 223,718 217,109
Current portion of receivable for insurance claims in excess of deductibles 11,066 6,415
Refundable income taxes 0 1,973
Other current assets 10,832 12,811
Total current assets 628,802 639,184
Property and equipment, net of accumulated depreciation of $276,252 and $272,865, respectively 184,466 185,344
Operating lease right-of-use assets 23,911 22,958
Goodwill 66,043 66,060
Intangible assets, net of accumulated amortization of $12,108 and $10,880, respectively 53,670 54,940
Receivable for insurance claims in excess of deductibles 27,079 30,976
Investment in joint venture 5,391 4,722
Other assets 3,884 3,687
Total assets 993,246 1,007,871
Current liabilities:    
Current portion of long-term debt 8,127 8,737
Current portion of operating lease obligations 6,603 6,205
Current portion of finance lease obligations 1,137 1,135
Accounts payable 174,278 192,107
Contract liabilities 100,635 105,486
Current portion of accrued self-insurance 22,756 18,780
Other current liabilities 64,708 64,364
Total current liabilities 378,244 396,814
Deferred income tax liabilities 21,227 20,945
Long-term debt 153,257 157,087
Accrued self-insurance 43,948 48,024
Operating lease obligations, net of current maturities 17,427 16,884
Finance lease obligations, net of current maturities 48 338
Other liabilities 4,109 3,304
Total liabilities 618,260 643,396
Commitments and contingencies
Stockholders' equity:    
Preferred stock-$0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock-$0.01 par value per share; 100,000,000 authorized shares;16,684,917 and 16,648,616 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 166 166
Additional paid-in capital 153,477 152,532
Accumulated other comprehensive loss (359) (446)
Retained earnings 221,698 212,219
Total stockholders' equity attributable to MYR Group Inc. 374,982 364,471
Noncontrolling interest 4 4
Total stockholders' equity 374,986 364,475
Total liabilities and stockholders' equity $ 993,246 $ 1,007,871