Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 80,619 $ 99,137
Contracts receivable including retainage, net 139,882 120,291
Costs and estimated earnings in excess of billings on uncompleted contracts 12,030 9,334
Inventories 34,291 24,556
Prepaid expenses and other current assets 13,144 14,137
Total current assets 279,966 267,455
Property, plant and equipment, net 205,870 178,692
Goodwill 38,546 32,919
Intangible assets, net 3,434 3,735
Investment in joint venture 496 1,659
Other assets 2,284 10,270
Deferred income taxes, net 1,173 1,580
Total assets 531,769 496,310
Current liabilities:    
Accounts payable 70,442 63,510
Billings in excess of costs and estimated earnings on uncompleted contracts 31,115 38,738
Current maturities of debt 7,538 14,773
Accrued expenses and other current liabilities 19,078 17,520
Total current liabilities 128,173 134,541
Long-term liabilities:    
Long-term debt, net of current maturities 42,458 48,115
Deferred income taxes, net 11,480 8,890
Other long-term liabilities 6,108 5,295
Total long-term liabilities 60,046 62,300
Total liabilities 188,219 196,841
Commitments and contingencies
Stockholders’ Equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at September 30, 2019 and September 30, 2018 and no shares issued and outstanding 0 0
Additional paid-in capital 243,452 242,493
Treasury stock, at cost, 2,922,952 shares of Class B common stock, par value $0.001 (15,603) (15,603)
Retained earnings 115,646 72,525
Total stockholders’ equity 343,550 299,469
Total liabilities and stockholders’ equity 531,769 496,310
Class A Common Stock    
Stockholders’ Equity:    
Common stock, value 33 12
Total stockholders’ equity 33 12
Class B Common Stock    
Stockholders’ Equity:    
Common stock, value 22 42
Total stockholders’ equity $ 22 $ 42