CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Apr. 30, 2016
Jan. 31, 2016
Current assets:    
Cash and cash equivalents $ 59,849 $ 65,569
Customer receivables, less allowance of $3,915 and $3,494, respectively 90,761 91,810
Costs and estimated earnings in excess of billings on uncompleted contracts 95,838 88,989
Inventories 20,775 19,540
Other 14,328 18,251
Assets held for sale 2,135 2,135
Total current assets 283,686 286,294
Property and equipment:    
Land 13,636 13,474
Buildings 36,319 36,175
Machinery and equipment 372,739 375,698
Property and equipment, gross 422,694 425,347
Less - Accumulated depreciation (311,903) (311,850)
Net property and equipment 110,791 113,497
Other assets:    
Investment in affiliates 57,542 57,364
Other 31,048 31,502
Total other assets 88,590 88,866
Total assets 483,067 488,657
Current liabilities:    
Accounts payable 69,324 68,548
Accrued compensation 10,234 15,066
Accrued expenses and other current liabilities 49,924 47,242
Billings in excess of costs and estimated earnings on uncompleted contracts 26,129 24,158
Total current liabilities 155,611 155,014
Noncurrent liabilities:    
Convertible notes, net 159,783 158,971
Long-term debt 14 15
Other 44,960 45,951
Total noncurrent liabilities 204,757 204,937
Equity:    
Common stock, par value $.01 per share, 60,000 shares authorized, 19,803 and 19,789 shares issued and outstanding, respectively 198 198
Capital in excess of par value 366,866 365,619
Accumulated deficit (225,387) (216,584)
Accumulated other comprehensive loss (19,026) (20,575)
Total Layne Christensen Company equity 122,651 128,658
Noncontrolling interests 48 48
Total equity 122,699 128,706
Total liabilities and equity $ 483,067 $ 488,657