CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Current assets: |
|
|
| Cash and cash equivalents |
$ 58,832
|
$ 22,565
|
| Accounts receivable, net |
149,753
|
266,561
|
| Contract cost and recognized income not yet billed |
20,451
|
30,662
|
| Prepaid expenses and other assets |
19,610
|
19,268
|
| Parts and supplies inventories |
1,383
|
1,078
|
| Deferred income taxes |
3,129
|
6,621
|
| Assets held for sale |
3,774
|
0
|
| Assets associated with discontinued operations |
1,247
|
144,841
|
| Total current assets |
258,179
|
491,596
|
| Property, plant and equipment, net |
50,352
|
85,649
|
| Intangible assets, net |
86,862
|
97,270
|
| Restricted cash |
35,212
|
0
|
| Deferred income taxes |
704
|
710
|
| Other long-term assets |
14,299
|
16,982
|
| Total assets |
445,608
|
692,207
|
| Current liabilities: |
|
|
| Accounts payable and accrued liabilities |
107,709
|
169,195
|
| Contract billings in excess of cost and recognized income |
9,892
|
14,547
|
| Current portion of capital lease obligations |
469
|
917
|
| Notes payable and current portion of other long-term debt |
2,700
|
2,700
|
| Accrued income taxes |
3,108
|
2,430
|
| Other current liabilities |
7,583
|
7,279
|
| Current liabilities associated with discontinued operations |
4,027
|
67,876
|
| Total current liabilities |
135,488
|
264,944
|
| Long-term debt |
92,652
|
267,300
|
| Capital lease obligations |
0
|
467
|
| Long-term liabilities for unrecognized tax benefits |
0
|
117
|
| Deferred income taxes |
3,129
|
6,894
|
| Other long-term liabilities |
35,516
|
38,660
|
| Long-term liabilities associated with discontinued operations |
1,423
|
0
|
| Total liabilities |
$ 268,208
|
$ 578,382
|
| Contingencies and commitments (Note 13) |
|
|
| Stockholders’ equity: |
|
|
| Preferred stock, par value $.01 per share, 1,000,000 shares authorized, none issued |
$ 0
|
$ 0
|
| Common stock, par value $.05 per share, 105,000,000 shares authorized and 63,918,220 shares issued at December 31, 2015 (52,094,931 at December 31, 2014) |
3,188
|
2,597
|
| Capital in excess of par value |
745,214
|
703,728
|
| Accumulated deficit |
(550,262)
|
(581,745)
|
| Treasury stock at cost, 1,828,586 shares at December 31, 2015 (1,430,690 at December 31, 2014) |
(14,731)
|
(13,832)
|
| Accumulated other comprehensive income (loss) |
(6,009)
|
2,788
|
| Total Willbros Group, Inc. stockholders’ equity |
177,400
|
113,536
|
| Noncontrolling interest |
0
|
289
|
| Total stockholders’ equity |
177,400
|
113,825
|
| Total liabilities and stockholders’ equity |
$ 445,608
|
$ 692,207
|