Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Current assets:    
Cash and cash equivalents $ 43,234 $ 35,531
Restricted cash 275 28
Contracts receivable including retainage, net 230,310 265,207
Costs and estimated earnings in excess of billings on uncompleted contracts 32,395 29,271
Inventories 79,558 74,195
Prepaid expenses and other current assets 15,343 12,957
Total current assets 401,115 417,189
Property, plant and equipment, net 498,293 481,412
Operating lease right-of-use assets 17,735 13,985
Goodwill 159,949 129,465
Intangible assets, net 15,696 15,976
Investment in joint venture 87 87
Restricted investments 6,737 6,866
Other assets 29,392 30,541
Total assets 1,129,004 1,095,521
Current liabilities:    
Accounts payable 111,752 130,468
Billings in excess of costs and estimated earnings on uncompleted contracts 57,147 52,477
Current portion of operating lease liabilities 2,316 2,209
Current maturities of long-term debt 12,500 12,500
Accrued expenses and other current liabilities 19,177 28,484
Total current liabilities 202,892 226,138
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 413,018 363,066
Operating lease liabilities, net of current portion 15,748 12,059
Deferred income taxes, net 25,982 26,713
Other long-term liabilities 12,508 11,666
Total long-term liabilities 467,256 413,504
Total liabilities 670,148 639,642
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, 2022 and September 30, 2022 0 0
Additional paid-in capital 259,051 256,571
Accumulated other comprehensive income, net 16,364 17,620
Retained earnings 199,166 197,274
Total stockholders’ equity 458,856 455,879
Total liabilities and stockholders’ equity 1,129,004 1,095,521
Common Class A    
Stockholders’ equity:    
Common stock, value $ 41 $ 41
Common Stock, Par or Stated Value Per Share $ 0.001 $ 0.001
Treasury stock, value $ (178) $ (39)
Common Class B    
Stockholders’ equity:    
Common stock, value $ 15 $ 15
Common Stock, Par or Stated Value Per Share $ 0.001 $ 0.001
Treasury stock, value $ (15,603) $ (15,603)