Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 5,136 $ 4,594
Restricted cash 6,568 11,562
Accounts receivable, net of allowance of $1,014 and $1,568, respectively 21,613 26,060
Costs and estimated earnings in excess of billings 14,115 11,487
Other current assets 1,638 4,006
Total current assets 70,341 85,631
Property, plant and equipment, net 1,175 1,712
Goodwill 35,400 35,400
Intangible assets 12,500 12,500
Other long-term assets 1,545 573
Total assets 120,961 135,816
Current liabilities:    
Accounts payable 5,269 5,080
Accrued compensation and benefits 10,516 7,481
Billings in excess of costs and estimated earnings 6,106 7,049
Other current liabilities 5,199 5,552
Total current liabilities 49,454 53,964
Long-term debt, net 25,717 24,304
Deferred tax liabilities 10,324 9,921
Other long-term liabilities 1,496 2,390
Total liabilities 89,397 93,689
Commitments and contingencies (Note 8 and 10)
Stockholders' equity:    
Common stock, $0.01 par value, 170,000,000 shares authorized and 19,715,605 and 19,360,026 shares issued, respectively, and 18,486,758 and 17,946,386 shares outstanding, respectively 197 193
Paid-in capital 79,823 78,910
Retained earnings (deficit) (48,444) (36,962)
Treasury stock, at par (1,228,847 and 1,413,640 common shares, respectively) (12) (14)
Total stockholders' equity 31,564 42,127
Total liabilities and stockholders' equity 120,961 135,816
Discontinued operations, held-for-sale or disposed of by sale    
Current assets:    
Current assets of discontinued operations 21,271 27,922
Current liabilities:    
Current liabilities of discontinued operations 22,364 28,802
Long-term liabilities of discontinued operations $ 2,406 $ 3,110