Consolidated Balance Sheets - USD ($)
$ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Current assets |
|
|
| Cash |
$ 47,651
|
$ 39,995
|
| Receivables |
172,072
|
210,561
|
| Costs incurred in excess of billings |
11,002
|
1,243
|
| Other current assets |
13,412
|
9,708
|
| Total current assets |
244,137
|
261,507
|
| Non-current assets |
|
|
| Property, plant, and equipment, net |
3,061
|
4,762
|
| Goodwill |
216,930
|
216,930
|
| Other non-current assets |
1,177
|
1,197
|
| Total non-current assets |
221,168
|
222,889
|
| Total Assets |
465,305
|
484,396
|
| Current liabilities |
|
|
| Accounts payable |
118,055
|
122,442
|
| Billings in excess of costs |
1,421
|
6,025
|
| Compensation and other employee benefits |
34,917
|
36,783
|
| Short-term debt |
15,750
|
22,000
|
| Other accrued liabilities |
17,693
|
25,268
|
| Total current liabilities |
187,836
|
212,518
|
| Non-current liabilities |
|
|
| Long-term debt |
67,842
|
89,615
|
| Deferred tax liability |
89,667
|
91,343
|
| Other non-current liabilities |
2,559
|
1,610
|
| Total non-current liabilities |
160,068
|
182,568
|
| Total liabilities |
347,904
|
395,086
|
| Commitments and contingencies (Note 16) |
|
|
| Shareholders' Equity |
|
|
| Preferred stock; $0.01 par value; 10,000,000 shares authorized; No shares issued and outstanding |
0
|
0
|
| Common stock; $0.01 par value; 100,000,000 shares authorized; 10,894,924 and 10,612,246 shares issued and outstanding |
109
|
106
|
| Additional paid in capital |
63,910
|
58,640
|
| Retained earnings |
57,959
|
34,304
|
| Accumulated other comprehensive loss |
(4,577)
|
(3,740)
|
| Total shareholders' equity |
117,401
|
89,310
|
| Total Liabilities and Shareholders' Equity |
$ 465,305
|
$ 484,396
|