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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 39,697 $ 71,656
Accounts receivable, less allowances (March 31, 2017— $9,247 and June 30, 2016—$8,403) 223,338 190,434
Costs and estimated earnings in excess of billings on uncompleted contracts 69,986 104,001
Inventories 3,926 3,935
Income taxes receivable 5,314 9
Other current assets 7,373 5,411
Total current assets 349,634 375,446
Property, plant and equipment at cost:    
Land and buildings 39,826 39,224
Construction equipment 93,178 90,386
Transportation equipment 48,156 49,046
Office equipment and software 36,284 29,577
Construction in progress 5,827 7,475
Property, plant and equipment at cost, gross 223,271 215,708
Accumulated depreciation (141,308) (130,977)
Property, plant and equipment at cost, net 81,963 84,731
Goodwill 113,182 78,293
Other intangible assets 27,781 20,999
Deferred income taxes 5,663 3,719
Other assets 2,045 1,779
Total assets 580,268 564,967
Current liabilities:    
Accounts payable 97,271 141,445
Billings on uncompleted contracts in excess of costs and estimated earnings 75,424 58,327
Accrued wages and benefits 25,102 27,716
Accrued insurance 8,804 9,246
Income taxes payable 148 2,675
Other accrued expenses 8,314 6,621
Total current liabilities 215,063 246,030
Deferred income taxes 377 3,198
Borrowings under senior revolving credit facility 44,139 0
Other liabilities 472 173
Total liabilities 260,051 249,401
Commitments and contingencies
Matrix Service Company stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of March 31, 2017, and June 30, 2016; 26,594,319 and 26,297,145 shares outstanding as of March 31, 2017 and June 30, 2016 279 279
Additional paid-in capital 126,513 127,058
Retained earnings 223,928 223,157
Accumulated other comprehensive loss (7,807) (6,845)
Matrix Service Company stockholders' equity 342,913 343,649
Less: Treasury stock, at cost — 1,293,898 shares as of March 31, 2017, and 1,591,072 shares as of June 30, 2016 (22,696) (26,907)
Total Matrix Service Company stockholders’ equity 320,217 316,742
Noncontrolling interest 0 (1,176)
Total stockholders' equity 320,217 315,566
Total liabilities and stockholders’ equity $ 580,268 $ 564,967