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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 73,403 $ 79,239
Accounts receivable, less allowances (March 31, 2016— $6,246 and June 30, 2015—$561) 170,713 199,149
Costs and estimated earnings in excess of billings on uncompleted contracts 92,646 86,071
Inventories 3,464 2,773
Income taxes receivable 2,870 579
Other current assets 8,004 5,660
Total current assets 351,100 373,471
Property, plant and equipment at cost:    
Land and buildings 38,645 32,746
Construction equipment 89,046 87,561
Transportation equipment 48,187 47,468
Office equipment and software 29,168 28,874
Construction in progress 9,826 5,196
Property, plant and equipment at cost, gross 214,872 201,845
Accumulated depreciation (127,527) (116,782)
Property, plant and equipment at cost, net 87,345 85,063
Goodwill 78,845 71,518
Other intangible assets 21,936 23,961
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 3,569 3,729
Other assets 6,847 3,947
Total assets 549,642 561,689
Current liabilities:    
Accounts payable 122,941 125,792
Billings on uncompleted contracts in excess of costs and estimated earnings 66,809 96,704
Accrued wages and benefits 28,944 26,725
Accrued insurance 8,542 8,100
Income taxes payable 473 3,268
Other accrued expenses 5,393 6,498
Total current liabilities 233,102 267,087
Deferred income taxes 2,620 1,244
Borrowings under senior credit facility 3,845 8,804
Other liabilities 203 0
Total liabilities $ 239,770 $ 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 March 31, 2016, and June 30, 2015; 26,606,490 and 26,440,823 shares outstanding as of March 31, 2016 and June 30, 2015 $ 279 $ 279
Additional paid-in capital 125,655 123,038
Retained earnings 214,123 194,394
Accumulated other comprehensive loss (6,987) (5,926)
Matrix Service Company stockholders' equity 333,070 311,785
Less: Treasury stock, at cost— 1,281,727 shares as of March 31, 2016, and 1,447,394 shares as of June 30, 2015 (22,022) (18,489)
Total Matrix Service Company stockholders’ equity 311,048 293,296
Noncontrolling interest (1,176) (8,742)
Total stockholders' equity 309,872 284,554
Total liabilities and stockholders’ equity $ 549,642 $ 561,689