Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Sep. 30, 2022
Current assets:    
Cash and cash equivalents $ 48,243 $ 35,531
Restricted cash 837 28
Contracts receivable including retainage, net 303,704 265,207
Costs and estimated earnings in excess of billings on uncompleted contracts 27,296 29,271
Inventories 84,038 74,195
Prepaid expenses and other current assets 9,306 12,957
Total current assets 473,424 417,189
Property, plant and equipment, net 505,095 481,412
Operating lease right-of-use assets 14,485 13,985
Goodwill 159,270 129,465
Intangible assets, net 19,520 15,976
Investment in joint venture 87 87
Restricted investments 15,079 6,866
Other assets 32,705 30,541
Total assets 1,219,665 1,095,521
Current liabilities:    
Accounts payable 151,406 130,468
Billings in excess of costs and estimated earnings on uncompleted contracts 78,905 52,477
Current portion of operating lease liabilities 2,338 2,209
Current maturities of long-term debt 15,000 12,500
Accrued expenses and other current liabilities 31,534 28,484
Total current liabilities 279,183 226,138
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 360,740 363,066
Operating lease liabilities, net of current portion 12,649 12,059
Deferred income taxes, net 37,121 26,713
Other long-term liabilities 13,398 11,666
Total long-term liabilities 423,908 413,504
Total liabilities 703,091 639,642
Commitments and contingencies
Stockholders’ Equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at September 30, 2023 and September 30, 2022 and no shares issued and outstanding 0 0
Additional paid-in capital 267,330 256,571
Accumulated other comprehensive income, net 18,694 17,620
Retained earnings 246,275 197,274
Total stockholders’ equity 516,574 455,879
Total liabilities and stockholders’ equity 1,219,665 1,095,521
Class A Common Stock    
Stockholders’ Equity:    
Common stock, value 44 41
Treasury stock (178) (39)
Class B Common Stock    
Stockholders’ Equity:    
Common stock, value 12 15
Treasury stock $ (15,603) $ (15,603)