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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 43,676 $ 29,902
Restricted cash 762 591
Accounts receivable, net 53,225 67,990
Costs and estimated earnings in excess of billings on uncompleted contracts 29,694 33,947
Inventories, net 20,817 20,969
Prepaid expenses and other current assets 10,117 10,760
Prepaid income taxes 1,388 1,930
Assets held for sale 1,186 7,853
Total current assets 160,865 173,942
Property, plant and equipment, net 22,200 23,400
Goodwill 152,156 166,951
Intangible assets – finite life, net 35,959 49,956
Intangible assets – indefinite life 18,258 19,691
Deferred charges and other assets 3,144 4,609
Total assets 392,582 438,549
Current liabilities:    
Current portion of debt   11,296
Accounts payable and accrued expenses 80,229 70,786
Billings in excess of costs and estimated earnings on uncompleted contracts 20,144 20,469
Note payable 1,700 5,300
Income taxes payable 1,813  
Total current liabilities 103,886 107,851
Other liabilities 26,925 30,382
Debt, less current portion 74,456 103,537
Deferred income tax liability, net 8,755 10,210
Total liabilities 214,022 251,980
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, 34,953,825 and 34,707,924 shares issued and outstanding at December 31, 2018 and 2017, respectively 349 347
Capital in excess of par value 251,409 248,170
Accumulated loss (59,427) (52,673)
Accumulated other comprehensive loss (13,415) (8,919)
Stockholders' equity before treasury stock 178,916 186,925
Less treasury stock, at cost, 137,920 shares at December 31, 2018 and 2017 (356) (356)
Total shareholders’ equity 178,560 186,569
Total liabilities and shareholders’ equity $ 392,582 $ 438,549