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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 18,946 $ 12,397
Accounts receivable, net of allowances of $1,761 and $3,364, respectively 400,998 388,479
Contract assets, net of allowances of $502 and $147, respectively 221,591 217,109
Current portion of receivable for insurance claims in excess of deductibles 9,851 6,415
Refundable income taxes 0 1,973
Other current assets 7,376 12,811
Total current assets 658,762 639,184
Property and equipment, net of accumulated depreciation of $290,088 and $272,865, respectively 185,914 185,344
Operating lease right-of-use assets 22,620 22,958
Goodwill 66,055 66,060
Intangible assets, net of accumulated amortization of $13,889 and $10,880, respectively 51,918 54,940
Receivable for insurance claims in excess of deductibles 24,437 30,976
Investment in joint ventures 4,972 4,722
Other assets 4,233 3,687
Total assets 1,018,911 1,007,871
Current liabilities:    
Current portion of long-term debt 4,318 8,737
Current portion of operating lease obligations 6,468 6,205
Current portion of finance lease obligations 607 1,135
Accounts payable 205,601 192,107
Contract liabilities 125,611 105,486
Current portion of accrued self-insurance 21,659 18,780
Other current liabilities 95,290 64,364
Total current liabilities 459,554 396,814
Deferred income tax liabilities 21,684 20,945
Long-term debt 65,876 157,087
Accrued self-insurance 42,884 48,024
Operating lease obligations, net of current maturities 16,230 16,884
Finance lease obligations, net of current maturities 0 338
Other liabilities 4,079 3,304
Total liabilities 610,307 643,396
Commitments and contingencies
Stockholders’ equity:    
Preferred stock—$0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at September 30, 2020 and December 31, 2019 0 0
Common stock—$0.01 par value per share; 100,000,000 authorized shares;16,719,330 and 16,648,616 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 167 166
Additional paid-in capital 156,461 152,532
Accumulated other comprehensive loss (403) (446)
Retained earnings 252,375 212,219
Total stockholders’ equity attributable to MYR Group Inc. 408,600 364,471
Noncontrolling interest 4 4
Total stockholders’ equity 408,604 364,475
Total liabilities and stockholders’ equity $ 1,018,911 $ 1,007,871