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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 73,069 $ 22,668
Accounts receivable, net of allowances of $1,665 and $1,696, respectively 373,524 385,938
Contract assets, net of allowances of $350 and $359, respectively 192,883 185,803
Current portion of receivable for insurance claims in excess of deductibles 11,342 11,859
Refundable income taxes 0 1,534
Other current assets 14,548 28,882
Total current assets 665,366 636,684
Property and equipment, net of accumulated depreciation of $302,134 and $294,366, respectively 181,096 185,114
Operating lease right-of-use assets 21,724 22,291
Goodwill 66,067 66,065
Intangible assets, net of accumulated amortization of $15,045 and $14,467, respectively 50,793 51,365
Receivable for insurance claims in excess of deductibles 26,758 27,043
Investment in joint ventures 3,644 3,040
Other assets 3,798 4,257
Total assets 1,019,246 995,859
Current liabilities:    
Current portion of long-term debt 4,381 4,381
Current portion of operating lease obligations 6,986 6,612
Current portion of finance lease obligations 53 318
Accounts payable 192,241 162,580
Contract liabilities 140,314 158,396
Current portion of accrued self-insurance 24,447 24,395
Other current liabilities 79,402 86,718
Total current liabilities 447,824 443,400
Deferred income tax liabilities 18,295 18,339
Long-term debt 25,039 25,039
Accrued self-insurance 45,095 45,428
Operating lease obligations, net of current maturities 14,787 15,730
Other liabilities 19,742 18,631
Total liabilities 570,782 566,567
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, 2021 and December 31, 2020 0 0
Common stock—$0.01 par value per share; 100,000,000 authorized shares; 16,817,256 and 16,734,239 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 168 167
Additional paid-in capital 157,995 158,618
Accumulated other comprehensive income 276 23
Retained earnings 290,021 270,480
Total stockholders’ equity attributable to MYR Group Inc. 448,460 429,288
Noncontrolling interest 4 4
Total stockholders’ equity 448,464 429,292
Total liabilities and stockholders’ equity $ 1,019,246 $ 995,859