XML 322 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 21,628 $ 23,399
Current restricted cash 84,990 94,167
Accounts receivable – trade, net of allowance for credit losses of $1.7 million and $1.8 million as of March 31, 2025 and December 31, 2024, respectively 128,255 112,677
Contracts in progress 65,646 82,403
Inventories, net 111,485 108,889
Other current assets 28,544 25,096
Current assets held for sale 42,330 43,554
Total current assets 482,878 490,185
Net property, plant and equipment and finance leases 71,171 69,593
Goodwill 82,495 82,138
Intangible assets, net 18,418 19,051
Right-of-use assets 31,817 32,789
Long-term restricted cash 10,138 10,042
Deferred tax assets 100 41
Other assets 22,696 23,148
Total assets 719,713 726,987
Accounts payable 119,097 101,025
Accrued employee benefits 4,688 4,859
Advance billings on contracts 53,636 58,478
Accrued warranty expense 3,395 3,446
Financing lease liabilities 1,705 1,644
Operating lease liabilities 3,281 3,550
Other accrued liabilities 40,617 35,958
Current senior notes 108,358 0
Current borrowings 124,168 125,137
Current liabilities held for sale 52,269 54,396
Total current liabilities 511,214 388,493
Senior notes, net of current portion 232,525 340,227
Borrowings, net of current portion 8,529 8,556
Pension and other postretirement benefit liabilities 189,516 192,665
Finance lease liabilities, net of current portion 28,055 28,501
Operating lease liabilities, net of current portion 29,522 30,315
Deferred tax liability 12,231 11,028
Other noncurrent liabilities 10,637 10,374
Total liabilities 1,022,229 1,010,159
Stockholders' deficit:    
Preferred stock, par value $0.01 per share, authorized shares of 20,000; issued and outstanding shares of 7,669 at March 31, 2025 and December 31, 2024 77 77
Common stock, par value $0.01 per share, authorized shares of 500,000; outstanding shares of 98,404 and 95,138 at March 31, 2025 and December 31, 2024, respectively 5,240 5,208
Capital in excess of par value 1,564,743 1,558,828
Treasury stock at cost, 2,379 and 2,379 shares at March 31, 2025 and December 31, 2024, respectively (115,500) (115,500)
Accumulated deficit (1,671,438) (1,645,716)
Accumulated other comprehensive loss (86,133) (86,660)
Stockholders' deficit attributable to shareholders (303,011) (283,763)
Non-controlling interest 495 591
Total stockholders' deficit (302,516) (283,172)
Total liabilities and stockholders' deficit $ 719,713 $ 726,987