Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 49,443 $ 80,619
Contracts receivable including retainage, net 118,548 139,882
Costs and estimated earnings in excess of billings on uncompleted contracts 14,152 12,030
Inventories 36,271 34,291
Prepaid expenses and other current assets 16,087 13,144
Total current assets 234,501 279,966
Property, plant and equipment, net 229,502 205,870
Operating lease right-of-use assets 8,532  
Goodwill 45,467 38,546
Intangible assets, net 3,381 3,434
Investment in joint venture 39 496
Other assets 1,953 2,284
Deferred income taxes 1,173 1,173
Total assets 524,548 531,769
Current liabilities:    
Accounts payable 48,627 70,442
Billings in excess of costs and estimated earnings on uncompleted contracts 31,169 31,115
Current portion of operating lease liabilities 2,930  
Current maturities of debt 8,511 7,538
Accrued expenses and other current liabilities 11,649 19,078
Total current liabilities 102,886 128,173
Long-term liabilities:    
Long-term debt, net of current maturities 49,149 42,458
Operating lease liabilities, net of current portion 5,818  
Deferred income taxes 11,480 11,480
Other long-term liabilities 6,031 6,108
Total long-term liabilities 72,478 60,046
Total liabilities 175,364 188,219
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at December 31, 2019 and September 30, 2019 and no shares issued and outstanding 0 0
Additional paid-in capital 243,847 243,452
Treasury stock, at cost, 2,922,952 shares of Class B common stock, par value $0.001 (15,603) (15,603)
Retained earnings 120,885 115,646
Total stockholders’ equity 349,184 343,550
Total liabilities and stockholders’ equity 524,548 531,769
Class A Common Stock    
Stockholders’ equity:    
Common stock, value 33 33
Total stockholders’ equity 33 33
Class B Common Stock    
Stockholders’ equity:    
Common stock, value 22 22
Total stockholders’ equity $ 22 $ 22