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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 12,037 $ 22,841
Accounts receivable—net 42,506 54,810
Contract revenues in excess of billings 91,799 68,735
Inventories 34,961 33,912
Prepaid expenses 1,441 1,486
Other current assets 31,988 44,544
Total current assets 214,732 226,328
PROPERTY AND EQUIPMENT—Net 681,552 614,608
OPERATING LEASE ASSETS 66,522 88,398
GOODWILL 76,576 76,576
INVENTORIES—Noncurrent 84,016 86,325
OTHER 21,941 18,605
TOTAL 1,145,339 1,110,840
LIABILITIES AND EQUITY    
Accounts payable 94,612 83,835
Accrued expenses 44,062 37,361
Operating lease liabilities 23,435 28,687
Billings in excess of contract revenues 15,613 29,560
Total current liabilities 177,722 179,443
LONG-TERM DEBT 412,531 412,070
OPERATING LEASE LIABILITIES—Noncurrent 44,406 61,444
DEFERRED INCOME TAXES 73,501 62,232
OTHER 11,770 10,103
Total liabilities 719,930 725,292
COMMITMENTS AND CONTINGENCIES (Note 9)
EQUITY:    
Common stock-$.0001 par value; 90,000 authorized, 67,272 and 66,623 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively. 7 6
Additional paid-in capital 320,971 317,337
Retained earnings 107,769 70,220
Accumulated other comprehensive loss (3,338) (2,015)
Total equity 425,409 385,548
TOTAL $ 1,145,339 $ 1,110,840