XML 18 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 82,175 $ 100,036
Accounts receivable, less allowances (September 30, 2020—$830 and June 30, 2020—$905) 171,504 160,671
Costs and estimated earnings in excess of billings on uncompleted contracts 57,694 59,548
Inventories 6,751 6,460
Income taxes receivable 4,071 3,919
Other current assets 9,144 4,526
Total current assets 331,339 335,160
Property, plant and equipment at cost:    
Land and buildings 42,845 42,695
Construction equipment 95,332 94,154
Transportation equipment 53,460 55,864
Office equipment and software 41,896 39,356
Construction in progress 2,648 4,427
Property, plant and equipment at cost, gross 236,181 236,496
Accumulated depreciation (156,743) (155,748)
Property, plant and equipment at cost, net 79,438 80,748
Operating lease right-of-use assets 20,152 21,375
Goodwill 60,437 60,369
Other intangible assets, net of accumulated amortization 8,287 8,837
Deferred income taxes 5,684 5,988
Other assets 6,893 4,833
Total assets 512,230 517,310
Current liabilities:    
Accounts payable 68,615 73,094
Billings on uncompleted contracts in excess of costs and estimated earnings 63,523 63,889
Accrued wages and benefits 16,682 16,205
Accrued insurance 7,657 7,301
Operating lease liabilities 6,585 7,568
Other accrued expenses 7,157 7,890
Total current liabilities 170,219 175,947
Deferred income taxes 34 61
Operating lease liabilities 18,820 19,997
Long-term Line of Credit 9,383 9,208
Liabilities, Other than Long-term Debt, Noncurrent 7,754 4,208
Total liabilities 206,210 209,421
Commitments and contingencies
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of September 30, 2020 and June 30, 2020; 26,460,196 and 26,141,528 shares outstanding as of September 30, 2020 and June 30, 2020 279 279
Additional paid-in capital 132,687 138,966
Retained earnings 203,365 206,402
Accumulated other comprehensive loss (7,969) (8,373)
Stockholders' equity 328,362 337,274
Less: Treasury stock, at cost — 1,428,021 shares as of September 30, 2020, and 1,746,689 shares as of June 30, 2020 (22,342) (29,385)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 306,020 307,889
Total liabilities and stockholders’ equity $ 512,230 $ 517,310