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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 68,322 $ 22,668
Accounts receivable, net of allowances of $1,980 and $1,696, respectively 396,450 385,938
Contract assets, net of allowances of $339 and $359, respectively 196,873 185,803
Current portion of receivable for insurance claims in excess of deductibles 11,324 11,859
Refundable income taxes 5,844 1,534
Other current assets 12,516 28,882
Total current assets 691,329 636,684
Property and equipment, net of accumulated depreciation of $307,911 and $294,366, respectively 185,018 185,114
Operating lease right-of-use assets 22,413 22,291
Goodwill 66,070 66,065
Intangible assets, net of accumulated amortization of $15,623 and $14,467, respectively 50,223 51,365
Receivable for insurance claims in excess of deductibles 27,274 27,043
Investment in joint ventures 4,580 3,040
Other assets 3,926 4,257
Total assets 1,050,833 995,859
Current liabilities:    
Current portion of long-term debt 1,550 4,381
Current portion of operating lease obligations 7,191 6,612
Current portion of finance lease obligations 0 318
Accounts payable 211,975 162,580
Contract liabilities 136,987 158,396
Current portion of accrued self-insurance 25,670 24,395
Other current liabilities 86,506 86,718
Total current liabilities 469,879 443,400
Deferred income tax liabilities 18,831 18,339
Long-term debt 7,235 25,039
Accrued self-insurance 46,030 45,428
Operating lease obligations, net of current maturities 15,211 15,730
Other liabilities 22,018 18,631
Total liabilities 579,204 566,567
Commitments and contingencies
Stockholders’ equity:    
Preferred stock—$0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at June 30, 2021 and December 31, 2020 0 0
Common stock—$0.01 par value per share; 100,000,000 authorized shares; 16,867,470 and 16,734,239 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 168 167
Additional paid-in capital 159,624 158,618
Accumulated other comprehensive income 689 23
Retained earnings 311,144 270,480
Total stockholders’ equity attributable to MYR Group Inc. 471,625 429,288
Noncontrolling interest 4 4
Total stockholders’ equity 471,629 429,292
Total liabilities and stockholders’ equity $ 1,050,833 $ 995,859