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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 89,715 $ 64,057
Accounts receivable, less allowances (2019 - $923; 2018 - $6,327) 218,432 203,388
Costs and estimated earnings in excess of billings on uncompleted contracts 96,083 76,632
Inventories 8,017 5,152
Income taxes receivable 29 3,359
Other current assets 5,034 4,458
Total current assets 417,310 357,046
Property, plant and equipment, at cost:    
Land and buildings 41,179 40,424
Construction equipment 91,793 89,036
Transportation equipment 52,526 48,339
Office equipment and software 43,632 41,236
Construction in progress 7,619 1,353
Total property, plant and equipment - at cost 236,749 220,388
Accumulated depreciation (157,414) (147,743)
Property, plant and equipment - net 79,335 72,645
Goodwill 93,368 96,162
Other intangible assets 19,472 22,814
Deferred income taxes 2,683 4,848
Other assets 21,226 4,518
Total assets 633,394 558,033
Current liabilities:    
Accounts payable 114,647 79,439
Billings on uncompleted contracts in excess of costs and estimated earnings 105,626 120,740
Accrued wages and benefits 38,357 24,375
Accrued insurance 9,021 9,080
Income taxes payable 2,517 7
Other accrued expenses 5,331 4,824
Total current liabilities 275,499 238,465
Deferred income taxes 298 429
Borrowings under senior secured revolving credit facility 5,347 0
Other liabilities 293 296
Total liabilities 281,437 239,190
Commitments and contingencies
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of June 30, 2019 and June 30, 2018; 26,807,203 and 26,853,823 shares outstanding as of June 30, 2019 and June 30, 2018 279 279
Additional paid-in capital 137,712 132,198
Retained earnings 239,476 211,494
Accumulated other comprehensive loss (7,751) (7,411)
Total stockholders' equity before treasury stock 369,716 336,560
Less treasury stock, at cost — 1,081,014 and 1,034,394 shares as of June 30, 2019 and June 30, 2018 (17,759) (17,717)
Total stockholders' equity 351,957 318,843
Total liabilities and stockholders' equity $ 633,394 $ 558,033