Balance Sheet

Balance Sheet

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 546  
Restricted cash 63  
Accounts receivable — trade, net of allowance for doubtful accounts of $0.1 million as of September 30, 2016 and $0.1 million as of December 31, 2015, respectively 122,306  
Costs and estimated earnings in excess of billings on uncompleted contracts 28,612  
Advances to and equity in joint ventures, net 7  
Other current assets 2,362  
Total current assets 153,896  
Property and equipment — net 19,138  
Intangible assets 19,556  
Goodwill 11,861  
Deferred tax asset 3,048  
Other assets 619  
Total assets 208,118  
Current liabilities:    
Current portion of long-term debt 4,378  
Accounts payable, including retainage 48,997  
Billing in excess of costs and estimated earnings on uncompleted contracts 43,405  
Accrued expenses and other current liabilities 20,579  
Total current liabilities 117,359  
Long-term debt, net of current portion and debt issuance costs 46,400  
Other long-term liabilities 1,265  
Total liabilities 165,024  
Commitments and contingencies  
Redeemable convertible preferred stock, net, par value $0.0001, 1,000,000 shares authorized, 400,000 issued and outstanding as of September 30, 2016 ($10,160 redemption value as of September 30, 2016) 10,108  
Stockholders’ equity and members’ equity:    
Members’ equity, 10,000,000 Class A units authorized, issued and outstanding as of December 31, 2015 (Predecessor) 0  
Common stock, par value $0.0001, 100,000,000 shares authorized; 5,927,818 issued and outstanding as of September 30, 2016 (Successor) 1  
Additional paid-in capital 37,926  
Accumulated deficit (4,941)  
Total stockholders’ equity/members’ equity 32,986  
Total liabilities and stockholders’ equity and members’ equity $ 208,118  
Predecessor [Member]    
Current assets:    
Cash and cash equivalents   $ 6,107
Restricted cash   63
Accounts receivable — trade, net of allowance for doubtful accounts of $0.1 million as of September 30, 2016 and $0.1 million as of December 31, 2015, respectively   85,357
Costs and estimated earnings in excess of billings on uncompleted contracts   20,745
Advances to and equity in joint ventures, net   6
Other current assets   1,793
Total current assets   114,071
Property and equipment — net   13,221
Intangible assets   0
Goodwill   0
Deferred tax asset   0
Other assets   37
Total assets   127,329
Current liabilities:    
Current portion of long-term debt   2,698
Accounts payable, including retainage   42,569
Billing in excess of costs and estimated earnings on uncompleted contracts   26,272
Accrued expenses and other current liabilities   15,660
Total current liabilities   87,199
Long-term debt, net of current portion and debt issuance costs   30,957
Other long-term liabilities   964
Total liabilities   119,120
Commitments and contingencies  
Redeemable convertible preferred stock, net, par value $0.0001, 1,000,000 shares authorized, 400,000 issued and outstanding as of September 30, 2016 ($10,160 redemption value as of September 30, 2016)   0
Stockholders’ equity and members’ equity:    
Members’ equity, 10,000,000 Class A units authorized, issued and outstanding as of December 31, 2015 (Predecessor)   8,209
Common stock, par value $0.0001, 100,000,000 shares authorized; 5,927,818 issued and outstanding as of September 30, 2016 (Successor)   0
Additional paid-in capital   0
Accumulated deficit   0
Total stockholders’ equity/members’ equity   8,209
Total liabilities and stockholders’ equity and members’ equity   $ 127,329

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