Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 7,406  
Restricted cash 113  
Accounts receivable, net 113,972  
Costs and estimated earnings in excess of billings on uncompleted contracts 31,959  
Advances to and equity in joint ventures, net 10  
Other current assets 1,723  
Total current assets 155,183  
Property and equipment, net 18,541  
Intangible assets, net 17,807  
Goodwill 10,488  
Deferred tax asset 4,268  
Other assets 588  
Total assets 206,875  
Current liabilities    
Current portion of long-term debt 4,476  
Accounts payable, including retainage 57,034  
Billings in excess of costs and estimated earnings on uncompleted contracts 39,190  
Accrued expenses and other current liabilities 26,029 $ 15,660
Total current liabilities 126,729  
Long-term debt 21,507  
Other long-term liabilities 817  
Total liabilities 149,053  
Commitments and contingencies  
Redeemable convertible preferred stock, net, par value $0.0001, 1,000,000 shares authorized, 400,000 issued and outstanding as of December 31, 2016 ($10,365 redemption value as of December 31, 2016) 10,374  
STOCKHOLDERS’ EQUITY AND MEMBERS’ EQUITY    
Common stock, $.0001 par value; 100,000,000 shares authorized, issued and 7,454,491 issued and outstanding as of December 31, 2016 1  
Additional paid-in capital 55,162  
Accumulated deficit (7,715)  
Total stockholders’ equity and members’ equity 47,448  
Total liabilities and stockholders’ equity and members’ equity $ 206,875  
Predecessor [Member]    
Current assets    
Cash and cash equivalents   6,107
Restricted cash   63
Accounts receivable, net   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, net   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
Billings 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   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 December 31, 2016 ($10,365 redemption value as of December 31, 2016)   0
STOCKHOLDERS’ EQUITY AND MEMBERS’ EQUITY    
Members’ equity, 10,000,000 Class A units authorized, issued and outstanding as of December 31, 2015   8,209
Common stock, $.0001 par value; 100,000,000 shares authorized, issued and 7,454,491 issued and outstanding as of December 31, 2016   0
Additional paid-in capital   0
Accumulated deficit   0
Total stockholders’ equity and members’ equity   8,209
Total liabilities and stockholders’ equity and members’ equity   $ 127,329