Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Sep. 30, 2022
Current assets:    
Cash and cash equivalents $ 54,878 $ 35,531
Restricted cash 71 28
Contracts receivable including retainage, net 254,972 265,207
Costs and estimated earnings in excess of billings on uncompleted contracts 33,449 29,271
Inventories 88,233 74,195
Prepaid expenses and other current assets 9,694 12,957
Total current assets 441,297 417,189
Property, plant and equipment, net 502,732 481,412
Operating lease right-of-use assets 17,484 13,985
Goodwill 157,289 129,465
Intangible assets, net 21,169 15,976
Investment in joint venture 87 87
Restricted investments 13,353 6,866
Other assets 30,428 30,541
Total assets 1,183,839 1,095,521
Current liabilities:    
Accounts payable 126,745 130,468
Billings in excess of costs and estimated earnings on uncompleted contracts 68,748 52,477
Current portion of operating lease liabilities 2,385 2,209
Current maturities of long-term debt 14,000 12,500
Accrued expenses and other current liabilities 28,935 28,484
Total current liabilities 240,813 226,138
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 405,416 363,066
Operating lease liabilities, net of current portion 15,607 12,059
Deferred income taxes, net 25,700 26,713
Other long-term liabilities 15,203 11,666
Total long-term liabilities 461,926 413,504
Total liabilities 702,739 639,642
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued and outstanding at June 30, 2023 and September 30, 2022 0 0
Additional paid-in capital 264,480 256,571
Accumulated other comprehensive income, net 16,983 17,620
Retained earnings 215,362 197,274
Total stockholders’ equity 481,100 455,879
Total liabilities and stockholders’ equity 1,183,839 1,095,521
Class A Common Stock    
Stockholders’ equity:    
Common stock 44 41
Treasury stock $ (178) $ (39)
Common Stock, Shares, Issued 43,760,546 41,195,730
Common stock, shares outstanding (in shares) 43,728,310 41,193,024
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 12 $ 15
Treasury stock $ (15,603) $ (15,603)
Common Stock, Shares, Issued 11,921,463 14,275,867
Common stock, shares outstanding (in shares) 8,998,511 11,352,915