Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 68,738 $ 48,243
Restricted cash 973 837
Contracts receivable including retainage, net 255,529 303,704
Costs and estimated earnings in excess of billings on uncompleted contracts 30,439 27,296
Inventories 96,662 84,038
Prepaid expenses and other current assets 9,029 9,306
Total current assets 461,370 473,424
Property, plant and equipment, net 561,661 505,095
Operating lease right-of-use assets 18,415 14,485
Goodwill 176,530 159,270
Intangible assets, net 19,791 19,520
Investment in joint venture 87 87
Restricted investments 14,585 15,079
Other assets 23,711 32,705
Total assets 1,276,150 1,219,665
Current liabilities:    
Accounts payable 131,749 151,406
Billings in excess of costs and estimated earnings on uncompleted contracts 88,649 78,905
Current portion of operating lease liabilities 3,479 2,338
Current maturities of long-term debt 15,000 15,000
Accrued expenses and other current liabilities 24,055 31,534
Total current liabilities 262,932 279,183
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 427,064 360,740
Operating lease liabilities, net of current portion 15,493 12,649
Deferred income taxes, net 34,509 37,121
Other long-term liabilities 14,993 13,398
Total long-term liabilities 492,059 423,908
Total liabilities 754,991 703,091
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued and outstanding at December 31, 2023 and September 30, 2023 0 0
Additional paid-in capital 270,113 267,330
Accumulated other comprehensive income, net 11,989 18,694
Retained earnings 256,118 246,275
Total stockholders’ equity 521,159 516,574
Total liabilities and stockholders’ equity 1,276,150 1,219,665
Common Class A    
Stockholders’ equity:    
Common stock, value 44 44
Treasury stock, value (1,514) (178)
Common Class B    
Stockholders’ equity:    
Common stock, value 12 12
Treasury stock, value $ (15,603) $ (15,603)