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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 27,359 $ 54,812
Accounts receivable, less allowances (September 30, 2023—$402 and June 30, 2023—$1,061) 152,300 145,764
Costs and estimated earnings in excess of billings on uncompleted contracts 42,369 44,888
Inventories 9,153 7,437
Income taxes receivable 496 496
Prepaid expenses 10,136 5,741
Other current assets 3,235 3,118
Total current assets 245,048 262,256
Restricted Cash 25,000 25,000
Property, plant and equipment, net 45,027 47,545
Operating lease right-of-use assets 20,641 21,799
Goodwill 29,055 29,120
Other intangible assets, net of accumulated amortization 2,635 3,066
Other assets, non-current 14,872 11,718
Total assets 382,278 400,504
Current liabilities:    
Accounts payable 74,094 76,365
Billings on uncompleted contracts in excess of costs and estimated earnings 73,133 85,436
Accrued wages and benefits 11,511 13,679
Accrued insurance 5,749 5,579
Operating lease liabilities 4,281 4,661
Other accrued expenses 2,641 1,815
Total current liabilities 171,409 187,535
Deferred income taxes 25 26
Operating lease liabilities 19,945 20,660
Borrowings under asset-backed credit facility 10,000 10,000
Other liabilities 1,776 799
Total liabilities 203,155 219,020
Stockholders' equity:    
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of September 30, 2023 and June 30, 2023; 27,209,838 and 27,047,318 shares outstanding as of September 30, 2023 and June 30, 2023, respectively 279 279
Additional paid-in capital 139,773 140,810
Retained earnings 55,750 58,917
Accumulated other comprehensive loss (9,307) (8,769)
Stockholders' equity 186,495 191,237
Treasury stock, at cost — 678,379 shares as of September 30, 2023, and 840,899 shares as of June 30, 2023 (7,372) (9,753)
Total stockholders' equity 179,123 181,484
Total liabilities and stockholders’ equity $ 382,278 $ 400,504