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Accounting pronouncements recently adopted (Tables) | 12 Months Ended
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Dec. 31, 2018
Accounting Changes and Error Corrections [Abstract] |
Schedule of Effects of Adopting New Revenue Standard | The following table summarizes the effects of adopting the new revenue standard on the Company's consolidated statements of operations and comprehensive income for the year ended December 31, 2018:
(in thousands) |  | As Reported |  |  | Adjustments |  |  | Balances without adoption of Topic 606 |
Revenue (note 19) |  | $ | 410,061 |  |  | $ | 1,940 |  |  | $ | 412,001 |
Project costs |  | 152,943 |  |  | 1,637 |  |  | 154,580 |
Gross profit |  | $ | 69,076 |  |  | $ | 303 |  |  | $ | 69,379 |
Operating income before the undernoted |  | $ | 29,980 |  |  | $ | 303 |  |  | $ | 30,283 |
Equity earnings in affiliates and joint ventures (note 13(a)) |  | (60 | ) |  | (168 | ) |  | (228 | )
Income before income taxes |  | $ | 21,417 |  |  | $ | 471 |  |  | $ | 21,888 |
Deferred income tax expense (note 11) |  | 6,096 |  |  | 127 |  |  | 6,223 |
Net income and comprehensive income |  | $ | 15,321 |  |  | $ | 344 |  |  | $ | 15,665 |
The following table summarizes the effects of adopting the new revenue standard on the Company's consolidated statements of cash flows for the year ended December 31, 2018:
(in thousands) |  | As Reported |  |  | Adjustments |  |  | Balances without adoption of Topic 606 |
Cash provided by (used in): |  |  |  |  |  |
Operating activities: |  |  |  |  |  |
Net income and comprehensive income |  | $ | 15,321 |  |  | $ | 344 |  |  | $ | 15,665 |
Deferred income tax expense (note 11) |  | 6,096 |  |  | 127 |  |  | 6,223 |
Net changes in non-cash working capital (note 23(b)) |  | 14,178 |  |  | (471 | ) |  | 13,707 |
|  | 109,371 |  |  | — |  |  | 109,371 |
Decrease in cash |  | $ | 11,322 |  |  | $ | — |  |  | $ | 11,322 |
The following table summarizes the effects of adopting the new revenue standard on the Company's consolidated balance sheets at December 31, 2018:
(in thousands) |  | As Reported |  |  | Adjustments |  |  | Balances without adoption of Topic 606 |
Assets |  |  |  |  |  |
Current assets |  |  |  |  |  |
Accounts receivable, net (notes 6 and 19(c)) |  | $ | 82,399 |  |  | $ | (9,809 | ) |  | $ | 72,590 |
Contract assets (note 19(c)) |  | 10,673 |  |  | (10,673 | ) |  | — |
Unbilled revenue |  | — |  |  | 22,421 |  |  | 22,421 |
|  | 130,379 |  |  | 1,939 |  |  | 132,318 |
Other assets (note 10) |  | 10,204 |  |  | (1,636 | ) |  | 8,568 |
Investments in affiliates and joint ventures (note 13(a)) |  | 11,788 |  |  | 168 |  |  | 11,956 |
|  | $ | 689,800 |  |  | $ | 471 |  |  | $ | 690,271 |
Liabilities and Shareholders' Equity |  |  |  |  |  |
Current liabilities |  |  |  |  |  |
Contract liabilities |  | $ | 4,032 |  |  | $ | (4,032 | ) |  | $ | — |
Billings in excess of costs incurred and estimated earnings on uncompleted contracts |  | — |  |  | 4,032 |  |  | 4,032 |
|  | 148,895 |  |  | — |  |  | 148,895 |
Deferred tax liabilities (note 11) |  | 44,787 |  |  | 127 |  |  | 44,914 |
|  | $ | 539,585 |  |  | $ | 127 |  |  | $ | 539,712 |
Shareholders' Equity |  |  |  |  |  |
Deficit |  | (113,917 | ) |  | 344 |  |  | (113,573 | )
|  | $ | 149,721 |  |  | $ | 344 |  |  | $ | 150,065 |
Total Liabilities and Equity |  | $ | 689,800 |  |  | $ | 471 |  |  | $ | 690,271 |

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