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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 49,676 $ 64,057
Accounts receivable, less allowances (March 31, 2019— $938 and June 30, 2018—$6,327) 274,904 203,388
Costs and estimated earnings in excess of billings on uncompleted contracts 75,353 76,632
Inventories 8,637 5,152
Income taxes receivable 489 3,359
Other current assets 6,171 4,458
Total current assets 415,230 357,046
Property, plant and equipment at cost:    
Land and buildings 41,091 40,424
Construction equipment 90,759 89,036
Transportation equipment 49,719 48,339
Office equipment and software 43,036 41,236
Construction in progress 5,860 1,353
Property, plant and equipment at cost, gross 230,465 220,388
Accumulated depreciation (154,653) (147,743)
Property, plant and equipment at cost, net 75,812 72,645
Goodwill 93,316 96,162
Other intangible assets 20,282 22,814
Deferred income taxes 6,169 4,848
Other assets 20,624 4,518
Total assets 631,433 558,033
Current liabilities:    
Accounts payable 110,502 79,439
Billings on uncompleted contracts in excess of costs and estimated earnings 122,235 120,740
Accrued wages and benefits 41,823 24,375
Accrued insurance 9,459 9,080
Income taxes payable 907 7
Other accrued expenses 4,618 4,824
Total current liabilities 289,544 238,465
Deferred income taxes 3,391 429
Borrowings under senior secured revolving credit facility 2,172 0
Other liabilities 232 296
Total liabilities 295,339 239,190
Commitments and contingencies
Matrix Service Company stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of March 31, 2019 and June 30, 2018; 26,803,422 and 26,853,823 shares outstanding as of March 31, 2019 and June 30, 2018 279 279
Additional paid-in capital 134,836 132,198
Retained earnings 226,664 211,494
Accumulated other comprehensive loss (7,863) (7,411)
Matrix Service Company stockholders' equity 353,916 336,560
Less: Treasury stock, at cost — 1,084,795 shares as of March 31, 2019, and 1,034,394 shares as of June 30, 2018 (17,822) (17,717)
Total stockholders' equity 336,094 318,843
Total liabilities and stockholders’ equity $ 631,433 $ 558,033