Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 51,167 $ 34,828
Contracts receivable, net 20,169 47,060
Contracts in progress 26,829 12,822
Prepaid expenses and other 3,222 3,418
Inventory 11,973 12,936
Assets held for sale 0 4,805
Total current assets 113,360 115,869
Property, plant and equipment, net 206,222 200,384
Other assets 2,826 670
Total assets 322,408 316,923
Current liabilities:    
Accounts payable 9,021 13,604
Advance billings on contracts 3,977 7,081
Deferred revenue, current 11,881 0
Accrued contract losses 387 9,495
Accrued expenses and other liabilities 10,032 7,608
Income taxes payable 50 113
Total current liabilities 35,348 37,901
Net deferred tax liabilities 23,234 21,825
Deferred revenue, noncurrent 489 0
Other liabilities 305 0
Total liabilities 59,376 59,726
Shareholders’ equity:    
Preferred stock, no par value, 5,000,000 shares authorized, no shares issued and outstanding
Common stock, no par value, 20,000,000 shares authorized, 14,695,020 issued and outstanding at December 31, 2016 and 14,580,216 at December 31, 2015, respectively 10,641 10,352
Additional paid-in capital 98,813 96,194
Retained earnings 153,578 150,651
Total shareholders’ equity 263,032 257,197
Total liabilities and shareholders’ equity $ 322,408 $ 316,923