Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 78,695 $ 80,619
Contracts receivable including retainage, net 133,086 139,882
Costs and estimated earnings in excess of billings on uncompleted contracts 15,604 12,030
Inventories 39,256 34,291
Prepaid expenses and other current assets 9,277 13,144
Total current assets 275,918 279,966
Property, plant and equipment, net 236,751 205,870
Operating lease right-of-use assets 7,879  
Goodwill 46,348 38,546
Intangible assets, net 3,277 3,434
Investment in joint venture 528 496
Other assets 1,973 2,284
Deferred income taxes, net 1,171 1,173
Total assets 573,845 531,769
Current liabilities:    
Accounts payable 57,579 70,442
Billings in excess of costs and estimated earnings on uncompleted contracts 34,511 31,115
Current portion of operating lease liabilities 2,379  
Current maturities of debt 10,200 7,538
Accrued expenses and other current liabilities 21,388 19,078
Total current liabilities 126,057 128,173
Long-term liabilities:    
Long-term debt, net of current maturities 55,756 42,458
Operating lease liabilities, net of current portion 5,710  
Deferred income taxes, net 11,281 11,480
Other long-term liabilities 7,793 6,108
Total long-term liabilities 80,540 60,046
Total liabilities 206,597 188,219
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at June 30, 2020 and September 30, 2019 and no shares issued and outstanding 0 0
Additional paid-in capital 244,627 243,452
Treasury stock, at cost, 2,922,952 shares of Class B common stock, par value $0.001 (15,603) (15,603)
Retained earnings 138,169 115,646
Total stockholders’ equity 367,248 343,550
Total liabilities and stockholders’ equity 573,845 531,769
Class A Common Stock    
Stockholders’ equity:    
Common stock, value 34 33
Class B Common Stock    
Stockholders’ equity:    
Common stock, value $ 21 $ 22