Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.22.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Current assets:    
Cash and cash equivalents $ 26,079 $ 57,251
Restricted cash 105 0
Contracts receivable including retainage, net 239,990 158,170
Costs and estimated earnings in excess of billings on uncompleted contracts 32,635 23,023
Inventories 77,383 53,792
Prepaid expenses and other current assets 12,948 7,790
Total current assets 389,140 300,026
Property, plant and equipment, net 453,973 404,832
Operating lease right-of-use assets 11,165 6,535
Goodwill 124,987 85,422
Intangible assets, net 12,613 4,163
Investment in joint venture 108 108
Restricted investments 7,312 0
Other assets 21,041 5,534
Total assets 1,020,339 806,620
Current liabilities:    
Accounts payable 119,774 86,390
Billings in excess of costs and estimated earnings on uncompleted contracts 47,516 33,719
Current portion of operating lease liabilities 2,087 1,395
Current maturities of long-term debt 12,500 10,000
Accrued expenses and other current liabilities 22,256 26,459
Total current liabilities 204,133 157,963
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 341,173 206,175
Operating lease liabilities, net of current portion 9,337 5,302
Deferred income taxes, net 20,140 17,362
Other long-term liabilities 14,863 10,919
Total long-term liabilities 385,513 239,758
Total liabilities 589,646 397,721
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued and outstanding at June 30, 2022 and September 30, 2021 0 0
Additional paid-in capital 253,665 248,571
Accumulated other comprehensive income (loss), net 8,455 (23)
Retained earnings 184,159 175,898
Total stockholders’ equity 430,693 408,899
Total liabilities and stockholders’ equity 1,020,339 806,620
Class A Common Stock    
Stockholders’ equity:    
Common stock 41 37
Treasury stock (39) 0
Class B Common Stock    
Stockholders’ equity:    
Common stock 15 19
Treasury stock $ (15,603) $ (15,603)