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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 71,656 $ 79,239
Accounts receivable, less allowances (2016 - $8,403; 2015 - $561) 190,434 199,149
Costs and estimated earnings in excess of billings on uncompleted contracts 104,001 86,071
Inventories 3,935 2,773
Income taxes receivable 9 579
Other current assets 5,411 5,660
Total current assets 375,446 373,471
Property, plant and equipment, at cost:    
Land and buildings 39,224 32,746
Construction equipment 90,386 87,561
Transportation equipment 49,046 47,468
Office equipment and software 29,577 28,874
Construction in progress 7,475 5,196
Total property, plant and equipment - at cost 215,708 201,845
Accumulated depreciation (130,977) (116,782)
Property, plant and equipment - net 84,731 85,063
Goodwill 78,293 71,518
Other intangible assets 20,999 23,961
Deferred income taxes 3,719 3,729
Other assets 1,779 3,947
Total assets 564,967 561,689
Current liabilities:    
Accounts payable 141,445 125,792
Billings on uncompleted contracts in excess of costs and estimated earnings 58,327 96,704
Accrued wages and benefits 27,716 26,725
Accrued insurance 9,246 8,100
Income taxes payable 2,675 3,268
Other accrued expenses 6,621 6,498
Total current liabilities 246,030 267,087
Deferred income taxes 3,198 1,244
Borrowings under senior revolving credit facility 0 8,804
Other liabilities 173 0
Total liabilities 249,401 277,135
Commitments and contingencies
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of June 30, 2016 and June 30, 2015; 26,297,145 and 26,440,823 shares outstanding as of June 30, 2016 and June 30, 2015 279 279
Additional paid-in capital 126,958 123,038
Retained earnings 223,257 194,394
Accumulated other comprehensive loss (6,845) (5,926)
Total stockholders' equity before treasury stock 343,649 311,785
Less treasury stock, at cost — 1,591,072 and 1,447,394 shares as of June 30, 2016 and June 30, 2015 (26,907) (18,489)
Total Matrix Service Company stockholders' equity 316,742 293,296
Noncontrolling interest (1,176) (8,742)
Total stockholders' equity 315,566 284,554
Total liabilities and stockholders' equity $ 564,967 $ 561,689