Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 53,794 $ 80,619
Contracts receivable including retainage, net 122,897 139,882
Costs and estimated earnings in excess of billings on uncompleted contracts 16,101 12,030
Inventories 42,010 34,291
Prepaid expenses and other current assets 11,547 13,144
Total current assets 246,349 279,966
Property, plant and equipment, net 240,083 205,870
Operating lease right-of-use assets 8,569  
Goodwill 46,348 38,546
Intangible assets, net 3,329 3,434
Investment in joint venture 109 496
Other assets 1,952 2,284
Deferred income taxes, net 1,173 1,173
Total assets 547,912 531,769
Current liabilities:    
Accounts payable 57,990 70,442
Billings in excess of costs and estimated earnings on uncompleted contracts 29,540 31,115
Current portion of operating lease liabilities 2,722  
Current maturities of debt 8,457 7,538
Accrued expenses and other current liabilities 15,699 19,078
Total current liabilities 114,408 128,173
Long-term liabilities:    
Long-term debt, net of current maturities 57,096 42,458
Operating lease liabilities, net of current portion 6,058  
Deferred income taxes, net 11,480 11,480
Other long-term liabilities 7,759 6,108
Total long-term liabilities 82,393 60,046
Total liabilities 196,801 188,219
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at March 31, 2020 and September 30, 2019 and no shares issued and outstanding 0 0
Additional paid-in capital 244,237 243,452
Treasury stock, at cost, 2,922,952 shares of Class B common stock, par value $0.001 (15,603) (15,603)
Retained earnings 122,422 115,646
Total stockholders’ equity 351,111 343,550
Total liabilities and stockholders’ equity 547,912 531,769
Class A Common Stock    
Stockholders’ equity:    
Common stock, value 33 33
Class B Common Stock    
Stockholders’ equity:    
Common stock, value $ 22 $ 22