Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Current assets:    
Cash and cash equivalents $ 33,749 $ 148,316
Contracts receivable including retainage, net 125,146 131,770
Costs and estimated earnings in excess of billings on uncompleted contracts 17,675 7,873
Inventories 46,129 38,561
Prepaid expenses and other current assets 10,047 5,041
Total current assets 232,746 331,561
Property, plant and equipment, net 289,893 237,230
Operating lease right-of-use assets 6,778 7,383
Goodwill 77,442 46,348
Intangible assets, net 4,753 3,224
Investment in joint venture 109 198
Other assets 3,651 1,784
Deferred income taxes, net 386 386
Total assets 615,758 628,114
Current liabilities:    
Accounts payable 62,518 64,732
Billings in excess of costs and estimated earnings on uncompleted contracts 26,443 33,704
Current portion of operating lease liabilities 1,663 2,046
Current maturities of debt 13,000 13,000
Accrued expenses and other current liabilities 22,706 22,347
Total current liabilities 126,330 135,829
Long-term liabilities:    
Long-term debt, net of current maturities 72,680 79,053
Operating lease liabilities, net of current portion 5,308 5,554
Deferred income taxes, net 14,003 14,003
Other long-term liabilities 8,451 8,480
Total long-term liabilities 100,442 107,090
Total liabilities 226,772 242,919
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at March 31, 2021 and September 30, 2020 and no shares issued and outstanding 0 0
Additional paid-in capital 245,877 245,022
Treasury stock, at cost, 2,922,952 shares of Class B common stock, par value $0.001 (15,603) (15,603)
Retained earnings 158,657 155,721
Total stockholders’ equity 388,986 385,195
Total liabilities and stockholders’ equity 615,758 628,114
Class A Common Stock    
Stockholders’ equity:    
Common stock, value 35 34
Class B Common Stock    
Stockholders’ equity:    
Common stock, value $ 20 $ 21