XML 22 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 100,036 $ 89,715
Accounts receivable, less allowances (2020 - $905; 2019 - $923) 160,671 218,432
Costs and estimated earnings in excess of billings on uncompleted contracts 59,548 96,083
Inventories 6,460 8,017
Income taxes receivable 3,919 29
Other current assets 4,526 5,034
Total current assets 335,160 417,310
Property, plant and equipment, at cost:    
Land and buildings 42,695 41,179
Construction equipment 94,154 91,793
Transportation equipment 55,864 52,526
Office equipment and software 39,356 43,632
Construction in progress 4,427 7,619
Total property, plant and equipment - at cost 236,496 236,749
Accumulated depreciation (155,748) (157,414)
Property, plant and equipment - net 80,748 79,335
Operating lease right-of-use assets 21,375 0
Goodwill 60,369 93,368
Other intangible assets 8,837 19,472
Deferred income taxes 5,988 2,683
Other assets 4,833 21,226
Total assets 517,310 633,394
Current liabilities:    
Accounts payable 73,094 114,647
Billings on uncompleted contracts in excess of costs and estimated earnings 63,889 105,626
Accrued wages and benefits 16,205 38,357
Accrued insurance 7,301 9,021
Operating lease liabilities 7,568 0
Income taxes payable 0 2,517
Other accrued expenses 7,890 5,331
Total current liabilities 175,947 275,499
Deferred income taxes 61 298
Operating lease liabilities 19,997 0
Borrowings under senior secured revolving credit facility 9,208 5,347
Other liabilities 4,208 293
Total liabilities 209,421 281,437
Commitments and contingencies
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of June 30, 2020 and June 30, 2019; 26,141,528 and 26,807,203 shares outstanding as of June 30, 2020 and June 30, 2019 279 279
Additional paid-in capital 138,966 137,712
Retained earnings 206,402 239,476
Accumulated other comprehensive loss (8,373) (7,751)
Total stockholders' equity before treasury stock 337,274 369,716
Less treasury stock, at cost — 1,746,689 and 1,081,014 shares as of June 30, 2020 and June 30, 2019 (29,385) (17,759)
Total stockholders' equity 307,889 351,957
Total liabilities and stockholders' equity $ 517,310 $ 633,394