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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 82,431 $ 79,239
Accounts receivable, less allowances (December 31, 2015— $924 and June 30, 2015—$561) 207,425 199,149
Costs and estimated earnings in excess of billings on uncompleted contracts 81,743 86,071
Inventories 2,688 2,773
Income taxes receivable 5,123 579
Other current assets 7,236 5,660
Total current assets 386,646 373,471
Property, plant and equipment at cost:    
Land and buildings 32,712 32,746
Construction equipment 89,027 87,561
Transportation equipment 46,991 47,468
Office equipment and software 28,292 28,874
Construction in progress 9,235 5,196
Property, plant and equipment at cost, gross 206,257 201,845
Accumulated depreciation (123,416) (116,782)
Property, plant and equipment at cost, net 82,841 85,063
Goodwill 70,605 71,518
Other intangible assets 21,986 23,961
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 3,467 3,729
Other assets 6,603 3,947
Total assets 572,148 561,689
Current liabilities:    
Accounts payable 109,336 125,792
Billings on uncompleted contracts in excess of costs and estimated earnings 114,140 96,704
Accrued wages and benefits 18,875 26,725
Accrued insurance 8,898 8,100
Income taxes payable 57 3,268
Other accrued expenses 6,710 6,498
Total current liabilities 258,016 267,087
Deferred income taxes 1,988 1,244
Borrowings under senior credit facility 7,226 8,804
Total liabilities $ 267,230 $ 277,135
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 December 31, 2015, and June 30, 2015; 26,914,918 and 26,440,823 shares outstanding as of December 31, 2015 and June 30, 2015 $ 279 $ 279
Additional paid-in capital 124,168 123,038
Retained earnings 209,766 194,394
Accumulated other comprehensive loss (9,741) (5,926)
Matrix Service Company stockholders' equity 324,472 311,785
Less: Treasury stock, at cost— 973,299 shares as of December 31, 2015, and 1,447,394 shares as of June 30, 2015 (16,730) (18,489)
Total Matrix Service Company stockholders’ equity 307,742 293,296
Noncontrolling interest (2,824) (8,742)
Total stockholders' equity 304,918 284,554
Total liabilities and stockholders’ equity $ 572,148 $ 561,689