Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Sep. 30, 2020
Current assets:    
Cash and cash equivalents $ 134,468 $ 148,316
Contracts receivable including retainage, net 164,305 131,770
Costs and estimated earnings in excess of billings on uncompleted contracts 15,770 7,873
Inventories 50,841 38,561
Prepaid expenses and other current assets 7,967 5,041
Total current assets 373,351 331,561
Property, plant and equipment, net 296,697 237,230
Operating lease right-of-use assets 6,661 7,383
Goodwill 78,444 46,348
Intangible assets, net 5,134 3,224
Investment in joint venture 108 198
Other assets 6,591 1,784
Deferred income taxes, net 386 386
Total assets 767,372 628,114
Current liabilities:    
Accounts payable 82,817 64,732
Billings in excess of costs and estimated earnings on uncompleted contracts 31,555 33,704
Current portion of operating lease liabilities 1,501 2,046
Current maturities of debt 10,000 13,000
Accrued expenses and other current liabilities 25,684 22,347
Total current liabilities 151,557 135,829
Long-term liabilities:    
Long-term debt, net of current maturities 188,591 79,053
Operating lease liabilities, net of current portion 5,320 5,554
Deferred income taxes, net 14,003 14,003
Other long-term liabilities 8,228 8,480
Total long-term liabilities 216,142 107,090
Total liabilities 367,699 242,919
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at June 30, 2021 and September 30, 2020 and no shares issued and outstanding 0 0
Additional paid-in capital 247,224 245,022
Treasury stock, at cost, 2,922,952 shares of Class B common stock, par value $0.001 (15,603) (15,603)
Retained earnings 167,997 155,721
Total stockholders’ equity 399,673 385,195
Total liabilities and stockholders’ equity 767,372 628,114
Class A Common Stock    
Stockholders’ equity:    
Common stock, value 36 34
Class B Common Stock    
Stockholders’ equity:    
Common stock, value $ 19 $ 21