XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 13,586 $ 22,994
Accounts receivable, net 41,164 29,499
Costs and estimated earnings in excess of billings on uncompleted contracts 16,892 5,747
Inventories, net 26,259 3,898
Prepaid expenses and other current assets 6,752 1,943
Prepaid income taxes 9,118 240
Assets held for sale 8,723  
Total current assets 122,494 64,321
Property, plant and equipment, net 22,381 4,885
Goodwill 133,551 19,548
Intangible assets-finite life, net 49,102 1,283
Intangible assets-indefinite life 18,208 3,526
Deferred income taxes 2,889  
Deferred charges and other assets 5,011 541
Total assets 353,636 94,104
Current liabilities:    
Current portion of debt 8,518  
Accounts payable and accrued expenses 30,320 15,093
Billings in excess of costs and estimated earnings on uncompleted contracts 15,751 11,368
Income taxes payable   1,079
Total current liabilities 54,589 27,540
Other liabilities 12,629 4,442
Debt, less current portion 83,103  
Deferred income tax liability, net 34,892 128
Total liabilities 185,213 32,110
Commitments and contingencies      
Shareholders' equity:    
Preferred stock, $.01 par value; 10,000 shares authorized, none issued      
Common stock, $.01 par value; 100,000,000 shares authorized, 25,717,045 and 17,096,543 shares issued in 2013 and 2012, respectively 257 171
Capital in excess of par value 159,774 54,800
Accumulated earnings 10,426 9,691
Accumulated other comprehensive loss (1,678) (2,312)
Stockholders' equity before treasury stock 168,779 62,350
Less treasury stock, at cost, 137,920 shares in 2013 and 2012 (356) (356)
Total shareholders' equity 168,423 61,994
Total liabilities and shareholders' equity $ 353,636 $ 94,104