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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Jun. 30, 2013
Current assets:    
Cash and cash equivalents $ 59,758 $ 63,750
Accounts receivable, less allowances (March 31, 2014— $126 and June 30, 2013—$795) 232,167 140,840
Costs and estimated earnings in excess of billings on uncompleted contracts 98,278 73,773
Deferred income taxes 8,898 5,657
Inventories 3,143 2,988
Income taxes receivable 0 3,032
Other current assets 5,007 6,234
Total current assets 407,251 296,274
Property, plant and equipment at cost:    
Land and buildings 31,195 29,649
Construction equipment 80,247 69,998
Transportation equipment 41,008 34,366
Office equipment and software 21,392 18,426
Construction in progress 13,939 9,080
Property, plant and equipment at cost, gross 187,781 161,519
Accumulated depreciation (99,684) (90,218)
Property, plant and equipment at cost, net 88,097 71,301
Goodwill 66,589 30,836
Other intangible assets 29,705 7,551
Other assets 6,173 4,016
Total assets 597,815 [1] 409,978
Current liabilities:    
Accounts payable 121,802 68,961
Billings on uncompleted contracts in excess of costs and estimated earnings 100,614 62,848
Accrued wages and benefits 39,671 21,919
Accrued insurance 8,595 7,599
Income taxes payable 1,471 0
Other accrued expenses 3,641 3,039
Total current liabilities 275,794 164,366
Deferred income taxes 6,365 7,450
Borrowings under senior credit facility 45,103 0
Total liabilities 327,262 171,816
Commitments and contingencies      
Matrix Service Company stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of March 31, 2014, and June 30, 2013 279 279
Additional paid-in capital 118,164 118,190
Retained earnings 169,681 141,427
Accumulated other comprehensive income (loss) (1,713) 227
Matrix Service Company stockholders' equity 286,411 260,123
Less: Treasury stock, at cost— 1,476,765 shares as of March 31, 2014, and 1,779,593 shares as of June 30, 2013 (16,959) (21,961)
Total Matrix Service Company stockholders’ equity 269,452 238,162
Noncontrolling interest 1,101 0
Total stockholders' equity 270,553 238,162
Total liabilities and stockholders’ equity $ 597,815 $ 409,978
[1] balances include the assets of Matrix NAC and are allocated to the Electrical Infrastructure, Oil Gas & Chemical, and Industrial segments in the amounts of $34.8 million, $2.8 million and $78.9 million, respectively. Unallocated assets includes $35.9 million of Goodwill related to the acquisition. As previously noted, we are currently assessing the impact of the acquisition on our reporting units and expect to complete the Goodwill analysis in the fourth quarter of fiscal 2014.