Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 148,316 $ 80,619
Contracts receivable including retainage, net 131,770 139,882
Costs and estimated earnings in excess of billings on uncompleted contracts 7,873 12,030
Inventories 38,561 34,291
Prepaid expenses and other current assets 5,041 13,144
Total current assets 331,561 279,966
Property, plant and equipment, net 237,230 205,870
Operating lease right-of-use assets 7,383 0
Goodwill 46,348 38,546
Intangible assets, net 3,224 3,434
Investment in joint venture 198 496
Other assets 1,784 2,284
Deferred income taxes, net 386 1,173
Total assets 628,114 531,769
Current liabilities:    
Accounts payable 64,732 70,442
Billings in excess of costs and estimated earnings on uncompleted contracts 33,704 31,115
Current portion of operating lease liabilities 2,046 0
Current maturities of long-term debt 13,000 7,538
Accrued expenses and other current liabilities 22,347 19,078
Total current liabilities 135,829 128,173
Long-term liabilities:    
Long-term debt, net of current maturities 79,053 42,458
Operating lease liabilities, net of current portion 5,554 0
Deferred income taxes, net 14,003 11,480
Other long-term liabilities 8,480 6,108
Total long-term liabilities 107,090 60,046
Total liabilities 242,919 188,219
Commitments and contingencies
Stockholders’ Equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at September 30, 2020 and September 30, 2019 and no shares issued and outstanding 0 0
Additional paid-in capital 245,022 243,452
Treasury stock, at cost, 2,922,952 shares of Class B common stock, par value $0.001 (15,603) (15,603)
Retained earnings 155,721 115,646
Total stockholders’ equity 385,195 343,550
Total liabilities and stockholders’ equity 628,114 531,769
Class A Common Stock    
Stockholders’ Equity:    
Common stock, value 34 33
Class B Common Stock    
Stockholders’ Equity:    
Common stock, value $ 21 $ 22