Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Sep. 30, 2021
Current assets:    
Cash and cash equivalents $ 35,565,000 $ 57,251,000
Short-term restricted cash 6,568,000 0
Contracts receivable including retainage, net 164,456,000 158,170,000
Costs and estimated earnings in excess of billings on uncompleted contracts 21,960,000 23,023,000
Inventories 57,707,000 53,792,000
Prepaid expenses and other current assets 12,265,000 7,790,000
Total current assets 298,521,000 300,026,000
Property, plant and equipment, net 428,965,000 404,832,000
Operating lease right-of-use assets 11,003,000 6,535,000
Goodwill 120,986,000 85,422,000
Intangible assets, net 4,075,000 4,163,000
Investment in joint venture 108,000 108,000
Long-term restricted cash 1,728,000 0
Other assets 7,198,000 5,534,000
Total assets 872,584,000 806,620,000
Current liabilities:    
Accounts payable 78,722,000 86,390,000
Billings in excess of costs and estimated earnings on uncompleted contracts 38,752,000 33,719,000
Current portion of operating lease liabilities 1,909,000 1,395,000
Current maturities of long-term debt 10,000,000 10,000,000
Accrued expenses and other current liabilities 13,314,000 26,459,000
Total current liabilities 142,697,000 157,963,000
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 273,732,000 206,175,000
Operating lease liabilities, net of current portion 9,289,000 5,302,000
Deferred income taxes, net 17,570,000 17,362,000
Other long-term liabilities 11,976,000 10,919,000
Total long-term liabilities 312,567,000 239,758,000
Total liabilities 455,264,000 397,721,000
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at December 31, 2021 and September 30, 2021 and no shares issued and outstanding 0 0
Additional paid-in capital 250,075,000 248,571,000
Accumulated other comprehensive income (loss), net 1,422,000 (23,000)
Retained earnings 181,409,000 175,898,000
Total stockholders’ equity 417,320,000 408,899,000
Total liabilities and stockholders’ equity 872,584,000 806,620,000
Common Class A    
Stockholders’ equity:    
Common stock, value 41,000 37,000
Treasury stock, value (39,000) 0
Common Class B    
Stockholders’ equity:    
Common stock, value 15,000 19,000
Treasury stock, value $ (15,603,000) $ (15,603,000)