Quarterly report pursuant to Section 13 or 15(d)

Business Combination (Tables)

v3.7.0.1
Business Combination (Tables)
6 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The final valuations of assets acquired and liabilities assumed were: 
 
 
 
As of
 
(in thousands)
 
July 20, 2016
 
Cash and cash equivalents
 
$
238
 
Restricted cash
 
 
63
 
Accounts receivable
 
 
80,930
 
Property and equipment
 
 
20,990
 
Intangible assets
 
 
20,910
 
Costs and estimated earnings in excess of billings on uncompleted contracts
 
 
38,215
 
Other current assets
 
 
2,272
 
Other assets
 
 
130
 
Advances to and equity in joint ventures, net
 
 
6
 
Deferred tax assets
 
 
380
 
Total assets acquired
 
 
164,134
 
Accounts payable, including retainage
 
 
35,596
 
Accrued expenses and other current liabilities
 
 
26,507
 
Billings in excess of costs on and estimated earnings on uncompleted contracts
 
 
30,068
 
Long-term debt
 
 
30,858
 
Other long term liabilities
 
 
645
 
Total liabilities assumed
 
 
123,674
 
Net assets acquired
 
$
40,460