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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 35,579 $ 71,656
Accounts receivable, less allowances (September 30, 2016— $8,457 and June 30, 2016—$8,403) 230,975 190,434
Costs and estimated earnings in excess of billings on uncompleted contracts 105,094 104,001
Inventories 3,767 3,935
Income taxes receivable 5 9
Other current assets 8,855 5,411
Total current assets 384,275 375,446
Property, plant and equipment at cost:    
Land and buildings 39,545 39,224
Construction equipment 90,957 90,386
Transportation equipment 48,466 49,046
Office equipment and software 33,194 29,577
Construction in progress 4,285 7,475
Property, plant and equipment at cost, gross 216,447 215,708
Accumulated depreciation (134,031) (130,977)
Property, plant and equipment at cost, net 82,416 84,731
Goodwill 78,274 78,293
Other intangible assets 20,151 20,999
Deferred income taxes 2,712 3,719
Other assets 1,395 1,779
Total assets 569,223 564,967
Current liabilities:    
Accounts payable 127,734 141,445
Billings on uncompleted contracts in excess of costs and estimated earnings 52,382 58,327
Accrued wages and benefits 23,212 27,716
Accrued insurance 9,649 9,246
Income taxes payable 3,676 2,675
Other accrued expenses 7,439 6,621
Total current liabilities 224,092 246,030
Deferred income taxes 3,198 3,198
Borrowings under senior revolving credit facility 17,186 0
Other liabilities 215 173
Total liabilities 244,691 249,401
Commitments and contingencies
Matrix Service Company stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of September 30, 2016, and June 30, 2016; 26,528,060 and 26,297,145 shares outstanding as of September 30, 2016 and June 30, 2016 279 279
Additional paid-in capital 124,464 127,058
Retained earnings 232,499 223,157
Accumulated other comprehensive loss (7,124) (6,845)
Matrix Service Company stockholders' equity 350,118 343,649
Less: Treasury stock, at cost — 1,360,157 shares as of September 30, 2016, and 1,591,072 shares as of June 30, 2016 (24,410) (26,907)
Total Matrix Service Company stockholders’ equity 325,708 316,742
Noncontrolling interest (1,176) (1,176)
Total stockholders' equity 324,532 315,566
Total liabilities and stockholders’ equity $ 569,223 $ 564,967