XML 104 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 35,602 $ 43,676
Restricted cash 1,356 762
Accounts receivable, net 68,434 53,225
Costs and estimated earnings in excess of billings on uncompleted contracts 34,805 29,694
Inventories, net 20,578 20,817
Prepaid expenses and other current assets 9,899 10,117
Prepaid and refundable income taxes 8,231 1,388
Assets held for sale 593 1,186
Total current assets 179,498 160,865
Property, plant and equipment, net 15,274 22,200
Right-of-use assets from operating leases 13,607  
Goodwill 152,020 152,156
Intangible assets – finite life, net 31,283 35,959
Intangible assets – indefinite life 14,291 18,258
Deferred charges and other assets 2,664 3,144
Total assets 408,637 392,582
Current liabilities:    
Current portion of debt 2,500  
Accounts payable and accrued expenses 78,319 80,229
Billings in excess of costs and estimated earnings on uncompleted contracts 34,369 20,144
Note payable   1,700
Income taxes payable   1,813
Total current liabilities 115,188 103,886
Other liabilities 20,372 26,925
Debt, less current portion 63,001 74,456
Deferred income tax liability, net 5,943 8,755
Operating lease liabilities (Note 12) 11,116  
Total liabilities 215,620 214,022
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, 35,275,465 and 34,953,825 shares issued and outstanding at December 31, 2019 and 2018, respectively 353 349
Capital in excess of par value 253,869 251,409
Accumulated loss (46,344) (59,427)
Accumulated other comprehensive loss (14,505) (13,415)
Stockholders' equity before treasury stock 193,373 178,916
Less treasury stock, at cost, 137,920 shares at December 31, 2019 and 2018 (356) (356)
Total shareholders’ equity 193,017 178,560
Total liabilities and shareholders’ equity $ 408,637 $ 392,582