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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 11,336 $ 10,216
Accounts receivable—net 113,302 118,030
Contract revenues in excess of billings 78,964 74,197
Inventories 26,078 29,866
Prepaid expenses 2,288 2,828
Other current assets 25,652 28,281
Total current assets 257,620 263,418
PROPERTY AND EQUIPMENT—Net 704,026 703,252
OPERATING LEASE ASSETS 83,186 96,099
GOODWILL 76,576 76,576
INVENTORIES—Noncurrent 97,268 95,269
OTHER 14,772 20,489
TOTAL 1,233,448 1,255,103
LIABILITIES AND EQUITY    
Accounts payable 90,353 101,309
Accrued expenses 33,349 41,640
Operating lease liabilities 39,003 47,268
Billings in excess of contract revenues 30,369 25,796
Total current liabilities 193,074 216,013
LONG-TERM DEBT 413,918 448,216
OPERATING LEASE LIABILITIES—Noncurrent 45,195 50,432
DEFERRED INCOME TAXES 88,923 78,985
OTHER 12,394 12,547
Total liabilities 753,504 806,193
COMMITMENTS AND CONTINGENCIES (Note 9)
EQUITY:    
Common stock - $.0001 par value; 170,000 shares authorized, 67,916 and 67,280 shares issued at March 31, 2025 and December 31, 2024, respectively, and 67,564 and 67,280 shares outstanding at March 31, 2025 and December 31, 2024, respectively. 7 7
Treasury stock; 352 and zero shares at March 31, 2025 and December 31, 2024, respectively. (3,171)  
Additional paid-in capital 322,810 322,383
Accumulated retained earnings 160,901 127,485
Accumulated other comprehensive loss (603) (965)
Total equity 479,944 448,910
TOTAL $ 1,233,448 $ 1,255,103