Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Sep. 30, 2020
Current assets:    
Cash and cash equivalents $ 51,719 $ 148,316
Contracts receivable including retainage, net 113,057 131,770
Costs and estimated earnings in excess of billings on uncompleted contracts 12,148 7,873
Inventories 41,719 38,561
Prepaid expenses and other current assets 9,980 5,041
Total current assets 228,623 331,561
Property, plant and equipment, net 285,235 237,230
Operating lease right-of-use assets 6,938 7,383
Goodwill 77,034 46,348
Intangible assets, net 3,172 3,224
Investment in joint venture 109 198
Other assets 2,730 1,784
Deferred income taxes 386 386
Total assets 604,227 628,114
Current liabilities:    
Accounts payable 49,727 64,732
Billings in excess of costs and estimated earnings on uncompleted contracts 30,930 33,704
Current portion of operating lease liabilities 1,712 2,046
Current maturities of long-term debt 13,000 13,000
Accrued expenses and other current liabilities 12,150 22,347
Total current liabilities 107,519 135,829
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 75,867 79,053
Operating lease liabilities, net of current portion 5,422 5,554
Deferred income taxes 14,003 14,003
Other long-term liabilities 7,955 8,480
Total long-term liabilities 103,247 107,090
Total liabilities 210,766 242,919
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at December 31, 2020 and September 30, 2020 and no shares issued and outstanding 0 0
Additional paid-in capital 245,417 245,022
Treasury stock, at cost, 2,922,952 shares of Class B common stock, par value $0.001 (15,603) (15,603)
Retained earnings 163,592 155,721
Total stockholders’ equity 393,461 385,195
Total liabilities and stockholders’ equity 604,227 628,114
Class A Common Stock    
Stockholders’ equity:    
Common stock, value 34 34
Total stockholders’ equity 34 34
Class B Common Stock    
Stockholders’ equity:    
Common stock, value 21 21
Total stockholders’ equity $ 21 $ 21