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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 66,230 $ 71,656
Accounts receivable, less allowances (December 31, 2016— $8,313 and June 30, 2016—$8,403) 248,712 190,434
Costs and estimated earnings in excess of billings on uncompleted contracts 80,296 104,001
Inventories 4,194 3,935
Income taxes receivable 486 9
Other current assets 8,318 5,411
Total current assets 408,236 375,446
Property, plant and equipment at cost:    
Land and buildings 39,348 39,224
Construction equipment 91,587 90,386
Transportation equipment 48,254 49,046
Office equipment and software 34,946 29,577
Construction in progress 4,563 7,475
Property, plant and equipment at cost, gross 218,698 215,708
Accumulated depreciation (137,414) (130,977)
Property, plant and equipment at cost, net 81,284 84,731
Goodwill 113,019 78,293
Other intangible assets 29,351 20,999
Deferred income taxes 2,512 3,719
Other assets 1,388 1,779
Total assets 635,790 564,967
Current liabilities:    
Accounts payable 108,260 141,445
Billings on uncompleted contracts in excess of costs and estimated earnings 74,858 58,327
Accrued wages and benefits 21,162 27,716
Accrued insurance 9,171 9,246
Income taxes payable 1,293 2,675
Other accrued expenses 15,539 6,621
Total current liabilities 230,283 246,030
Deferred income taxes 2,855 3,198
Borrowings under senior revolving credit facility 72,412 0
Other liabilities 411 173
Total liabilities 305,961 249,401
Commitments and contingencies
Matrix Service Company stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of December 31, 2016, and June 30, 2016; 26,588,643 and 26,297,145 shares outstanding as of December 31, 2016 and June 30, 2016 279 279
Additional paid-in capital 124,659 127,058
Retained earnings 237,749 223,157
Accumulated other comprehensive loss (8,842) (6,845)
Matrix Service Company stockholders' equity 353,845 343,649
Less: Treasury stock, at cost — 1,299,574 shares as of December 31, 2016, and 1,591,072 shares as of June 30, 2016 (22,840) (26,907)
Total Matrix Service Company stockholders’ equity 331,005 316,742
Noncontrolling interest (1,176) (1,176)
Total stockholders' equity 329,829 315,566
Total liabilities and stockholders’ equity $ 635,790 $ 564,967