Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 49,703 $ 70,457
Short-term investments 19,918 8,720
Contracts receivable and retainage, net 26,095 22,505
Contract assets 52,128 29,982
Prepaid expenses and other assets 3,948 3,268
Inventory 2,676 6,088
Assets held for sale 9,006 18,935
Total current assets 163,474 159,955
Property, plant and equipment, net 70,484 79,930
Other noncurrent assets 18,819 18,405
Total assets 252,777 258,290
Current liabilities:    
Accounts payable 61,542 28,969
Contract liabilities 26,271 16,845
Accrued expenses and other liabilities 10,031 10,287
Total current liabilities 97,844 56,101
Other noncurrent liabilities 2,248 1,089
Total liabilities 100,092 57,190
Shareholders’ equity:    
Preferred stock, no par value, 5,000 shares authorized, no shares issued and outstanding
Common stock, no par value, 30,000 shares authorized, 15,263 issued and outstanding at December 31, 2019 and 15,090 at December 31, 2018 11,119 11,021
Additional paid-in capital 103,124 102,243
Retained earnings 38,442 87,836
Total shareholders’ equity 152,685 201,100
Total liabilities and shareholders’ equity $ 252,777 $ 258,290