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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 43,805 $ 71,656
Accounts receivable, less allowances (2017 - $9,887; 2016 - $8,403) 210,953 190,434
Costs and estimated earnings in excess of billings on uncompleted contracts 91,180 104,001
Inventories 3,737 3,935
Income taxes receivable 4,042 9
Other current assets 4,913 5,411
Total current assets 358,630 375,446
Property, plant and equipment, at cost:    
Land and buildings 38,916 39,224
Construction equipment 94,298 90,386
Transportation equipment 48,574 49,046
Office equipment and software 36,556 29,577
Construction in progress 5,952 7,475
Total property, plant and equipment - at cost 224,296 215,708
Accumulated depreciation (144,022) (130,977)
Property, plant and equipment - net 80,274 84,731
Goodwill 113,501 78,293
Other intangible assets 26,296 20,999
Deferred income taxes 3,385 3,719
Other assets 3,944 1,779
Total assets 586,030 564,967
Current liabilities:    
Accounts payable 105,649 141,445
Billings on uncompleted contracts in excess of costs and estimated earnings 75,127 58,327
Accrued wages and benefits 20,992 27,716
Accrued insurance 9,340 9,246
Income taxes payable 169 2,675
Other accrued expenses 7,699 6,621
Total current liabilities 218,976 246,030
Deferred income taxes 128 3,198
Borrowings under senior revolving credit facility 44,682 0
Other liabilities 435 173
Total liabilities 264,221 249,401
Commitments and contingencies
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of June 30, 2017 and June 30, 2016; 26,600,562 and 26,297,145 shares outstanding as of June 30, 2017 and June 30, 2016 279 279
Additional paid-in capital 128,419 126,958
Retained earnings 222,974 223,257
Accumulated other comprehensive loss (7,324) (6,845)
Total stockholders' equity before treasury stock 344,348 343,649
Less treasury stock, at cost — 1,287,655 and 1,591,072 shares as of June 30, 2017 and June 30, 2016 (22,539) (26,907)
Total Matrix Service Company stockholders' equity 321,809 316,742
Noncontrolling interest 0 (1,176)
Total stockholders' equity 321,809 315,566
Total liabilities and stockholders' equity $ 586,030 $ 564,967