Quarterly report pursuant to Section 13 or 15(d)

Accounting Standards (Tables)

v3.10.0.1
Accounting Standards (Tables)
 3 Months Ended
Dec. 31, 2018
Accounting Changes and Error Corrections [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
Application of ASC 606 for the three months ended December 31, 2018 had the following impact on the Company's Consolidated Balance Sheet at December 31, 2018 and Consolidated Statement of Income for the three months ended December 31, 2018 (in thousands):
 
 
As Reported
 
Impact of
ASC 606
 
Without Application of ASC 606
Costs and estimated earnings in excess of billings on uncompleted contracts
 
$
10,192

 
$
(1,060
)
 
$
11,252

Inventories
 
$
28,538

 
$
1,604

 
$
26,934

Accrued expenses and other liabilities
 
$
12,118

 
$
(41
)
 
$
12,159

Billings in excess of costs and estimated earnings on uncompleted contracts
 
$
39,471

 
$
705

 
$
38,766

Revenues
 
$
154,327

 
$
(1,765
)
 
$
156,092

Cost of revenues
 
$
133,199

 
$
(1,604
)
 
$
134,803

Provision (benefit) for income taxes
 
$
1,651

 
$
(41
)
 
$
1,692

Net income
 
$
5,154

 
$
(120
)
 
$
5,274