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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 69,180 $ 79,239
Accounts receivable, less allowances (September 30, 2015— $895 and June 30, 2015—$561) 182,634 199,149
Costs and estimated earnings in excess of billings on uncompleted contracts 83,604 86,071
Deferred income taxes 7,274 8,298
Inventories 2,863 2,773
Income taxes receivable 459 579
Other current assets 8,494 5,660
Total current assets 354,508 381,769
Property, plant and equipment at cost:    
Land and buildings 32,609 32,746
Construction equipment 88,131 87,561
Transportation equipment 47,196 47,468
Office equipment and software 28,072 28,874
Construction in progress 8,095 5,196
Property, plant and equipment at cost, gross 204,103 201,845
Accumulated depreciation (120,150) (116,782)
Property, plant and equipment at cost, net 83,953 85,063
Goodwill 70,940 71,518
Other intangible assets 22,926 23,961
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 2,118 2,073
Other assets 2,126 3,947
Total assets 536,571 568,331
Current liabilities:    
Accounts payable 99,759 125,792
Billings on uncompleted contracts in excess of costs and estimated earnings 75,275 96,704
Accrued wages and benefits 22,719 26,725
Accrued insurance 8,736 8,100
Income taxes payable 4,494 3,268
Deferred Tax Liabilities, Net, Current 863 473
Other accrued expenses 5,686 6,498
Total current liabilities 217,532 267,560
Deferred income taxes - noncurrent 7,244 7,413
Borrowings under senior credit facility 9,766 8,804
Total liabilities $ 234,542 $ 283,777
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 September 30, 2015, and June 30, 2015; 26,531,657 and 26,440,823 shares outstanding as of September 30, 2015 and June 30, 2015 $ 279 $ 279
Additional paid-in capital 124,146 123,038
Retained earnings 204,335 194,394
Accumulated other comprehensive loss (8,375) (5,926)
Matrix Service Company stockholders' equity 320,385 311,785
Less: Treasury stock, at cost— 1,356,560 shares as of September 30, 2015, and 1,447,394 shares as of June 30, 2015 (17,845) (18,489)
Total Matrix Service Company stockholders’ equity 302,540 293,296
Noncontrolling interest (511) (8,742)
Total stockholders' equity 302,029 284,554
Total liabilities and stockholders’ equity $ 536,571 $ 568,331