NOS4-1 (WLMSQ) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 07, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-16501
Entity Registrant Name	Williams Industrial Services Group Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	73-1541378
Entity Address, Address Line One	200 Ashford Center North
Entity Address, Address Line Two	Suite 425
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30338
City Area Code	770
Local Phone Number	879-4400
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	WLMS
Security Exchange Name	NYSEAMER
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		26,422,761
Entity Central Index Key	0001136294
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,013	$ 2,482
Restricted cash	468	468
Accounts receivable, net of allowance of $318 and $427, respectively	37,339	35,204
Contract assets	10,076	12,683
Other current assets	10,675	11,049
Total current assets	59,571	61,886
Property, plant, and equipment, net	1,016	653
Goodwill	35,400	35,400
Intangible assets	12,500	12,500
Other long-term assets	7,732	5,712
Total assets	116,219	116,151
Current liabilities:
Accounts payable	11,732	12,168
Accrued compensation and benefits	14,312	12,388
Contract liabilities	3,440	3,412
Short-term borrowings	14,525	676
Current portion of long-term debt	1,050	1,050
Other current liabilities	4,630	11,017
Current liabilities of discontinued operations	106	316
Total current liabilities	49,795	41,027
Long-term debt, net (Note 9)	21,809	30,328
Deferred tax liabilities	2,263	2,442
Other long-term liabilities	4,440	1,647
Long-term liabilities of discontinued operations	3,513	4,250
Total liabilities	81,820	79,694
Commitments and contingencies (Note 11)
Stockholders' equity:
Common stock, $0.01 par value, 170,000,000 shares authorized and 26,865,064 and 26,408,789 shares issued, respectively, and 26,422,761 and 25,939,621 shares outstanding, respectively	264	261
Paid-in capital	93,705	92,227
Accumulated other comprehensive loss	(440)	(95)
Accumulated deficit	(59,124)	(55,930)
Treasury stock, at par (442,303 and 469,168 common shares, respectively)	(6)	(6)
Total stockholders' equity	34,399	36,457
Total liabilities and stockholders' equity	$ 116,219	$ 116,151

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable allowance for doubtful accounts	$ 318	$ 427
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	170,000,000	170,000,000
Common stock, shares issued	26,865,064	26,408,789
Common stock, shares outstanding	26,422,761	25,939,621	25,915,502
Treasury stock at par	442,303	469,168

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 56,685	$ 73,351	$ 182,303	$ 225,773
Cost of revenue	55,936	66,590	173,564	203,561
Gross profit	749	6,761	8,739	22,212
Operating expenses
Selling and marketing expenses	322	267	1,054	709
General and administrative expenses	6,657	4,248	19,022	16,931
Depreciation and amortization expense	61	50	173	137
Total operating expenses	7,040	4,565	20,249	17,777
Operating income (loss)	(6,291)	2,196	(11,510)	4,435
Interest expense, net
Interest expense, net	1,485	1,227	3,965	3,733
Other (income) expense, net	(11,114)	181	(11,533)	(1,411)
Total other (income) expense, net	(9,629)	1,408	(7,568)	2,322
Income (loss) from continuing operations before income tax	3,338	788	(3,942)	2,113
Income tax expense (benefit)	(272)	(6)	(214)	256
Income (loss) from continuing operations	3,610	794	(3,728)	1,857
Discontinued operations:
Income (loss) from discontinued operations before income tax	(45)	(34)	(92)	130
Income tax expense (benefit)	(3)	22	(626)	59
Income (loss) from discontinued operations	(42)	(56)	534	71
Net income (loss)	$ 3,568	$ 738	$ (3,194)	$ 1,928
Basic income (loss) per common share
Income (loss) from continuing operations	$ 0.14	$ 0.03	$ (0.14)	$ 0.07
Income (loss) from discontinued operations		0	0.02	0
Basic income (loss) per common share	0.14	0.03	(0.12)	0.07
Diluted income (loss) per common share
Income (loss) from continuing operations	0.14	0.03	(0.14)	0.07
Income (loss) from discontinued operations	(0.01)	0	0.02	0
Diluted income (loss) per common share	$ 0.13	$ 0.03	$ (0.12)	$ 0.07

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ 3,568	$ 738	$ (3,194)	$ 1,928
Foreign currency translation adjustment	(318)	(98)	(345)	(64)
Comprehensive income (loss)	$ 3,250	$ 640	$ (3,539)	$ 1,864

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Shares $0.01 Per Share	Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Treasury Shares	Total
Balance, Beginning at Dec. 31, 2020	$ 256	$ 90,292	$ 28	$ (58,673)	$ (8)	$ 31,895
Balance, Beginning (in shares) at Dec. 31, 2020	25,926,333				(589,891)
Increase (Decrease) in Shareholders' Equity
Restricted stock awards granted (in shares)	164,388
Restricted stock units vested	$ 4				$ 2	6
Restricted stock units vested (in shares)	274,448				120,723
Tax withholding on restricted stock units		(545)				(545)
Stock-based compensation		625				625
Foreign currency translation			4			4
Net income (loss)				(1,681)		(1,681)
Balance, Ending at Mar. 31, 2021	$ 260	90,372	32	(60,354)	$ (6)	30,304
Balance, Ending (in shares) at Mar. 31, 2021	26,365,169				(469,168)
Balance, Beginning at Dec. 31, 2020	$ 256	90,292	28	(58,673)	$ (8)	31,895
Balance, Beginning (in shares) at Dec. 31, 2020	25,926,333				(589,891)
Increase (Decrease) in Shareholders' Equity
Net income (loss)						1,928
Balance, Ending at Sep. 30, 2021	$ 260	91,670	(36)	(56,745)	$ (6)	35,143
Balance, Ending (in shares) at Sep. 30, 2021	26,384,670				(469,168)
Balance, Beginning at Mar. 31, 2021	$ 260	90,372	32	(60,354)	$ (6)	30,304
Balance, Beginning (in shares) at Mar. 31, 2021	26,365,169				(469,168)
Increase (Decrease) in Shareholders' Equity
Restricted stock units vested (in shares)	19,501
Tax withholding on restricted stock units		40				40
Stock-based compensation		424				424
Foreign currency translation			30			30
Net income (loss)				2,871		2,871
Balance, Ending at Jun. 30, 2021	$ 260	90,836	62	(57,483)	$ (6)	33,669
Balance, Ending (in shares) at Jun. 30, 2021	26,384,670				(469,168)
Increase (Decrease) in Shareholders' Equity
Stock-based compensation		834				834
Foreign currency translation			(98)			(98)
Net income (loss)				738		738
Balance, Ending at Sep. 30, 2021	$ 260	91,670	(36)	(56,745)	$ (6)	35,143
Balance, Ending (in shares) at Sep. 30, 2021	26,384,670				(469,168)
Balance, Beginning at Dec. 31, 2021	$ 261	92,227	(95)	(55,930)	$ (6)	$ 36,457
Balance, Beginning (in shares) at Dec. 31, 2021	26,408,789				(469,168)	26,408,789
Increase (Decrease) in Shareholders' Equity
Restricted stock awards granted (in shares)	291,894
Stock-based compensation		(147)				$ (147)
Foreign currency translation			142			142
Net income (loss)				(2,044)		(2,044)
Balance, Ending at Mar. 31, 2022	$ 261	92,080	47	(57,974)	$ (6)	34,408
Balance, Ending (in shares) at Mar. 31, 2022	26,700,683				(469,168)
Balance, Beginning at Dec. 31, 2021	$ 261	92,227	(95)	(55,930)	$ (6)	$ 36,457
Balance, Beginning (in shares) at Dec. 31, 2021	26,408,789				(469,168)	26,408,789
Increase (Decrease) in Shareholders' Equity
Net income (loss)						$ (3,194)
Balance, Ending at Sep. 30, 2022	$ 264	93,705	(440)	(59,124)	$ (6)	$ 34,399
Balance, Ending (in shares) at Sep. 30, 2022	26,865,064				(442,303)	26,865,064
Balance, Beginning at Mar. 31, 2022	$ 261	92,080	47	(57,974)	$ (6)	$ 34,408
Balance, Beginning (in shares) at Mar. 31, 2022	26,700,683				(469,168)
Increase (Decrease) in Shareholders' Equity
Restricted stock units vested (in shares)	169,255				26,865
Tax withholding on restricted stock units	$ 2	(165)				(163)
Stock-based compensation		1,293				1,293
Foreign currency translation			(169)			(169)
Net income (loss)				(4,718)		(4,718)
Balance, Ending at Jun. 30, 2022	$ 263	93,208	(122)	(62,692)	$ (6)	30,651
Balance, Ending (in shares) at Jun. 30, 2022	26,869,938				(442,303)
Increase (Decrease) in Shareholders' Equity
Restricted stock units forfeited (in shares)	(4,874)
Tax withholding on restricted stock units	$ 1	3				4
Stock-based compensation		494				494
Foreign currency translation			(318)			(318)
Net income (loss)				3,568		3,568
Balance, Ending at Sep. 30, 2022	$ 264	$ 93,705	$ (440)	$ (59,124)	$ (6)	$ 34,399
Balance, Ending (in shares) at Sep. 30, 2022	26,865,064				(442,303)	26,865,064

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities:
Net income (loss)	$ (3,194)	$ 1,928
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Net income from discontinued operations	(534)	(71)
Deferred income tax benefit	(178)	(304)
Depreciation and amortization on plant, property, and equipment	173	137
Amortization of deferred financing costs	636	623
Amortization of debt discount	150	150
Bad debt expense	(26)	(123)
Stock-based compensation	1,120	2,579
Changes in operating assets and liabilities:
Accounts receivable	(2,551)	(11,896)
Contract assets	2,547	(4,824)
Other current assets	2	(5,113)
Other assets	(2,202)	(214)
Accounts payable	(331)	2,121
Accrued and other liabilities	(692)	6,628
Contract liabilities	29	(39)
Net cash used in operating activities, continuing operations	(5,051)	(8,418)
Net cash used in operating activities, discontinued operations	(413)	(348)
Net cash used in operating activities	(5,464)	(8,766)
Investing activities:
Purchase of property, plant, and equipment	(536)	(537)
Net cash used in investing activities	(536)	(537)
Financing activities:
Repurchase of stock-based awards for payment of statutory taxes due on stock-based compensation	(159)	(501)
Debt issuance costs	(175)
Proceeds from short-term borrowings	211,875	208,421
Repayments of short-term borrowings	(198,026)	(204,101)
Repayments of long-term debt	(8,844)	(788)
Net cash provided by financing activities	4,671	3,031
Effect of exchange rate change on cash	(140)	112
Net change in cash, cash equivalents and restricted cash	(1,469)	(6,160)
Cash, cash equivalents and restricted cash, beginning of period	2,950	9,184
Cash, cash equivalents and restricted cash, end of period	1,481	3,024
Supplemental Disclosures:
Cash paid for interest	$ 2,778	2,781
Cash paid for income taxes, net of refunds		$ 1,841

BUSINESS AND BASIS OF PRESENTAT

BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2022
BUSINESS AND BASIS OF PRESENTATION
BUSINESS AND BASIS OF PRESENTATION	NOTE 1—BUSINESS AND BASIS OF PRESENTATION Business Williams Industrial Services Group Inc. (together with its wholly owned subsidiaries, “Williams,” the “Company,” “we,” “us” or “our,” unless the context indicates otherwise) was initially formed in 1998 as GEEG Inc., a Delaware corporation, and in 2001 changed its name to “Global Power Equipment Group Inc.,” and, as part of a reorganization, became the successor to GEEG Holdings, L.L.C., a Delaware limited liability company. Effective June 29, 2018, the Company changed its name to Williams Industrial Services Group Inc. to better align its name with the Williams business, and the Company’s stock trades on the NYSE American LLC under the ticker symbol “WLMS.” Williams has been safely helping power plant owners and operators enhance asset value for more than 50 years. It provides a broad range of construction, maintenance, and support services to infrastructure customers in energy, power, and industrial end markets. The Company’s mission is to be the preferred provider of construction, maintenance, and specialty services through commitment to superior safety performance, focus on innovation, and dedication to delivering unsurpassed value to its customers. Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) on a basis consistent with that used in the Annual Report on Form 10-K for the year ended December 31, 2021, filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on March 16, 2022 (the “2021 Report”). In the opinion of management, the unaudited condensed consolidated financial statements reflect all adjustments, including all normal recurring adjustments, necessary to present fairly the unaudited condensed consolidated balance sheets and statements of operations, comprehensive income (loss), stockholders’ equity and cash flows for the periods indicated. All significant intercompany transactions have been eliminated. The December 31, 2021 condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. These unaudited condensed consolidated interim financial statements and accompanying notes should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the 2021 Report. Accounting measurements at interim dates inherently involve greater reliance on estimates than at year-end. The results of operations for any interim period are not necessarily indicative of operations to be expected for the full year. The Company reports on a fiscal quarter basis utilizing a “modified” 5-4-4 calendar (modified in that the fiscal year always begins on January 1 and ends on December 31). However, the Company has continued to label its quarterly information using a calendar convention. The effects of this practice are modest and only exist when comparing interim period results. The reporting periods and corresponding fiscal interim periods are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reporting Interim Period ​ Fiscal Interim Period ​ 2022 2021 Three Months Ended March 31 ​ January 1, 2022 to April 3, 2022 ​ January 1, 2021 to April 4, 2021 Three Months Ended June 30 ​ April 4, 2022 to July 3, 2022 ​ April 5, 2021 to July 4, 2021 Three Months Ended September 30 ​ July 4, 2022 to October 2, 2022 ​ July 5, 2021 to October 3, 2021

LIQUIDITY

LIQUIDITY	9 Months Ended
	Sep. 30, 2022
LIQUIDITY
LIQUIDITY	NOTE 2—LIQUIDITY As noted above, the accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP and on a basis consistent with the 2021 Report, which contemplates that the Company will continue to operate as a going concern, which means that it will be able to meet its obligations and continue its operations during the twelve-month period following the issuance of this Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2022 (this “Form 10-Q”). Therefore, these financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern. The Company had negative cash flows from operations during the nine months ended September 30, 2022. These negative cash flows were primarily a consequence of the four factors described in the paragraph below. In connection with the preparation of the accompanying unaudited condensed consolidated financial statements, management assessed the Company’s financial condition and concluded that the following primary factors, taken in the aggregate, raised substantial doubt regarding the Company’s ability to continue as a going concern for the twelve-month period following the issuance of this Form 10-Q. • Significant losses incurred on a number of fixed price contracts in our Florida water business, which have been the subject of prior disclosures. • Start-up costs related to the Company’s entry into the transmission and distribution market, which have utilized cash resources and, while ultimately anticipated to benefit the Company’s business, have negatively impacted liquidity. • Failure to convert pipeline opportunities into revenue, which have had the effect of delaying the Company’s receipt of cash from such opportunities. • Delays in collecting cash receipts from customers. To address the negative cash flows in the Company’s business, the Company has developed a liquidity plan, the implementation of which management believes will alleviate the substantial doubt about the Company’s ability to continue as a going concern during the twelve-month period following the issuance of this Form 10-Q. The liquidity plan, which will continue to be refined as circumstances dictate, contemplates the following key elements, in which the Company will: • Take steps to enhance profitability of non-performing businesses; • Lower the cost of services by removing nonbillable expenses that cannot be recovered; • Aggressively reduce operating expenses; and • Shorten the collection cycle time on the Company’s accounts receivable and lengthen the payment cycle time on its accounts payable. On August 3, 2022, as a result of the Company being unable to comply with its debt covenants as of June 30, 2022, the Company amended its existing Revolving Credit Agreement and the Term Loan Agreement (as defined below), which among other things, amended the calculation of EBITDA (as defined in the Revolving Credit Agreement), and Consolidated EBITDA (as defined in the Term Loan Agreement) to include (or “add back”) certain non-recurring losses and expenses relating to projects executed in Jacksonville, Florida, one-time costs and expenses incurred in connection with the Company’s transmission and distribution business unit start-up, and costs and expenses arising out of the Company’s litigation with a former executive and his employer (in each case, subject to certain specified dollar limits), as well as to amend and increase the Total Leverage Ratio (as defined in the Term Loan Agreement) applicable to the Company for certain periods. For additional information regarding the amendments, see “Note 9—Debt.” While the above-mentioned factors have negatively affected the Company’s liquidity, there were two developments in the third and fourth quarter of 2022 that resulted in material cash receipts by the Company. Specifically, the Company settled two legal claims. The first such settlement involved a cash collection in the third quarter of 2022 of approximately $8.1 million related to an arbitration proceeding initiated by the Company against a third party in connection with the restatement of the Company’s financial statements in 2017 for the 2012 to 2014 period. The second matter, settled in the fourth quarter of 2022, involved litigation against a former executive and his employer that resulted in the employer of the former executive agreeing to pay a cash settlement of $2.7 million. The Company recognized both settlements as other income during the third quarter of 2022. The $8.1 million settlement proceeds were used to prepay part of the Company’s Term Loan and the $2.7 million settlement, which was collected on October 13, 2022, was used to repay a portion of the Revolving Credit Facility. As a result, the full amount of these settlement receipts could not be used for general working capital purposes and did not materially affect the Company’s liquidity. For additional information about the arbitration and legal settlements, please refer to “Note 9—Debt” and “Note 14—Subsequent Events” to the unaudited condensed consolidated financial statements included in this Form 10-Q. In the first nine months of 2022, the Company’s principal sources of liquidity were borrowings under the Revolving Credit Facility and efforts to effectively manage its working capital. The Company anticipates that this will continue to be the case in the fourth quarter of 2022, subject to the anticipated benefits of the liquidity plan outlined above. The Company continues to monitor its liquidity and capital resources closely. If market conditions were to change, and revenue is reduced or operating costs either increased or could not be reduced as contemplated by the Company’s liquidity plan, cash flows and liquidity could be materially negatively impacted. While management believes its liquidity plan alleviates the substantial doubt regarding the Company’s ability to continue as a going concern during the ensuing twelve-month period, the Company cannot provide any assurance that it will be able to implement its liquidity plan successfully or, even if successfully implemented, that the plan will ultimately result in the Company continuing as a going concern. In addition, the Company could be unable to meet its obligations under its existing indebtedness, including failing to comply with any of its covenants. If any such failures are not waived by the Company’s lenders, it would result in an event of default under such indebtedness and the potential acceleration of outstanding indebtedness thereunder and the potential foreclosure on the collateral securing such debt, and would likely cause a cross-default under the Company’s other outstanding indebtedness. If the liquidity plan does not have the intended effect, the Company may need to seek relief from the Company’s lenders or take steps to raise additional capital, such as selling equity or debt securities or entering into additional borrowing arrangements, to sustain operations, which may not be available on favorable terms, or at all, in which case the Company will be required to pursue other alternatives, which may include selling assets, selling or merging its business, ceasing operations or filing a petition for bankruptcy (either liquidation or reorganization) under applicable bankruptcy laws.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2022
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3—RECENT ACCOUNTING PRONOUNCEMENTS Recently Adopted Accounting Pronouncements The Company did not implement any new accounting pronouncements during the first nine months of 2022. However, the Company is currently evaluating the impact of future disclosures that may arise under recent SEC proposals.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2022
LEASES
LEASES	NOTE 4—LEASES The Company primarily leases office space and related equipment, as well as equipment, modular units and vehicles directly used in providing services to its customers. The Company’s leases have remaining lease terms of one In accordance with ASU 2016-02, for leases with terms greater than twelve months, the Company records the related right-of-use assets and lease liabilities at the present value of the fixed lease payments over the lease term at the lease commencement date. The Company uses its incremental borrowing rate to determine the present value of the lease as the rate implicit in the lease is typically not readily determinable. Short-term leases (leases with an initial term of twelve months or less or leases that are cancelable by the lessee and lessor without significant penalties) are expensed on a straight-line basis over the lease term. The majority of the Company’s short-term leases relate to equipment used in delivering services to its customers. These leases are entered into at agreed upon hourly, daily, weekly, or monthly rental rates for an unspecified duration and typically have a termination for convenience provision. Such equipment leases are considered short-term in nature unless it is reasonably certain that the equipment will be leased for a term greater than twelve months. On September 2, 2021, the Company made the decision to relocate its corporate headquarters to Atlanta, Georgia and entered into a ten-year lease agreement. The Company completed its relocation in March 2022. The lease is presented as a right-of-use asset and lease liability and the lease liability amounts to $3.3 million with a present value of $2.2 million over a ten-year term. If the Company defaults, the landlord has the right to use the security deposit for rent or other payments due to other damages, injury, expense or liability as defined in the lease agreement. Although the security deposit shall be deemed the property of the landlord, any remaining balance of the security deposit shall be returned by the landlord to the Company after termination of the lease as the Company’s obligations under the lease have been fulfilled. The Company subleased a portion of its former office space and collected $44,000 of sublease income during the nine months ended September 30, 2022. The components of lease expense were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, Lease Cost/(Sublease Income) (in thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 Operating lease cost ​ $ 549 ​ $ 619 ​ $ 1,668 ​ $ 1,711 Short-term lease cost ​ ​ 2,125 ​ ​ 1,051 ​ ​ 5,353 ​ ​ 2,484 Sublease income ​ ​ (14) ​ ​ (5) ​ ​ (44) ​ ​ (5) Total lease cost ​ $ 2,660 ​ $ 1,665 ​ $ 6,977 ​ $ 4,190 ​ Lease cost related to finance leases was not significant for the three and nine months ended September 30, 2022 and 2021. Information related to the Company’s right-of-use assets and lease liabilities were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease Assets/Liabilities (in thousands) ​ Balance Sheet Classification ​ September 30, 2022 ​ December 31, 2021 Lease Assets ​ ​ ​ ​ ​ ​ ​ ​ Right-of-use assets ​ Other long-term assets ​ $ 3,738 ​ $ 1,527 ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease Liabilities ​ ​ ​ ​ ​ ​ ​ ​ Short-term lease liabilities ​ Other current liabilities ​ $ 1,572 ​ $ 1,606 Long-term lease liabilities ​ Other long-term liabilities ​ ​ 2,582 ​ ​ 511 Total lease liabilities ​ ​ ​ $ 4,154 ​ $ 2,117 ​ Supplemental information related to the Company’s leases were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, (dollars in thousands) ​ 2022 ​ 2021 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash used by operating leases ​ $ 1,810 ​ $ 1,810 Right-of-use assets obtained in exchange for new operating lease liabilities ​ ​ 3,669 ​ ​ 1,549 Weighted-average remaining lease term - operating leases ​ ​ 5.34 years ​ ​ 1.47 years Weighted-average remaining lease term - finance leases ​ ​ 1.48 years ​ ​ 2.48 years Weighted-average discount rate - operating leases ​ ​ 9% ​ ​ 9% Weighted-average discount rate - finance leases ​ ​ 9% ​ ​ 9% ​ Total remaining lease payments under the Company’s operating and finance leases were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases Nine Months Ended September 30, ​ (in thousands) Remainder of 2022 ​ $ 557 ​ $ 1 2023 ​ ​ 1,490 ​ ​ 6 2024 ​ ​ 653 ​ ​ 1 2025 ​ ​ 375 ​ ​ - 2026 ​ ​ 381 ​ ​ - Thereafter ​ ​ 1,873 ​ ​ - Total lease payments ​ $ 5,329 ​ $ 8 Less: interest ​ ​ (1,183) ​ ​ - Present value of lease liabilities ​ $ 4,146 ​ $ 8 ​

CHANGES IN BUSINESS

CHANGES IN BUSINESS	9 Months Ended
	Sep. 30, 2022
CHANGES IN BUSINESS.
CHANGES IN BUSINESS	NOTE 5—CHANGES IN BUSINESS Discontinued Operations Electrical Solutions During the fourth quarter of 2017, the Company made the decision to exit and sell its Electrical Solutions segment (which was comprised solely of Koontz-Wagner Custom Controls Holdings LLC (“Koontz-Wagner”), a wholly owned subsidiary of the Company) in an effort to reduce the Company’s outstanding term debt. The Company determined that the decision to exit this segment met the definition of a discontinued operation. As a result, this segment has been presented as a discontinued operation for all periods presented. On July 11, 2018, Koontz-Wagner filed a voluntary petition for relief under Chapter 7 of Title 11 of the Bankruptcy Code with the U.S. Bankruptcy Court for the Southern District of Texas. The filing was for Koontz-Wagner only, not for the Company as a whole, and was completely separate and distinct from the Williams business and operations. As a result of the July 11, 2018 bankruptcy of Koontz-Wagner, the Company recorded a pension withdrawal liability of $2.9 million related to Koontz-Wagner’s International Brotherhood of Electrical Workers Local Union 1392 (“IBEW”) multi-employer pension plan. After an arbitration process, on May 12, 2021, an arbitrator concluded that the IBEW used an incorrect per hour contribution rate in calculating the Company’s pension withdrawal liability, which resulted in the Company overpaying. The arbitrator directed IBEW to refund all overpayments, with interest, to the Company and to redetermine the Company’s payments going forward using the proper contribution rate. Accordingly, the Company’s overall pension withdrawal liability decreased by approximately $0.3 million. The pension liability is expected to be satisfied by annual cash payments of $0.3 million each, paid in quarterly installments, through 2038. The Company recorded a gain on disposal of approximately $0.2 million during the first nine months of 2021 to reduce its previously recorded estimated withdrawal liability. Mechanical Solutions During the third quarter of 2017, the Company made the decision to exit and sell substantially all of the operating assets and liabilities of its Mechanical Solutions segment and determined that the decision to exit this segment met the definition of a discontinued operation. As a result, this segment has been presented as a discontinued operation for all periods presented. As of September 30, 2022 and December 31, 2021, the Company did not have any assets related to its Electrical Solutions’ and Mechanical Solutions’ discontinued operations. The following table presents a reconciliation of the carrying amounts of major classes of liabilities of Electrical Solutions’ and Mechanical Solutions’ discontinued operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) September 30, 2022 ​ December 31, 2021 Liabilities: ​ ​ ​ ​ ​ ​ Current liabilities of discontinued operations ​ $ 106 ​ $ 316 Liability for pension obligation ​ ​ 2,307 ​ ​ 2,368 Liability for uncertain tax positions ​ ​ 1,206 ​ ​ 1,882 Long-term liabilities of discontinued operations ​ ​ 3,513 ​ ​ 4,250 Total liabilities of discontinued operations ​ $ 3,619 ​ $ 4,566 ​ The following table presents a reconciliation of the major classes of line items constituting the net income (loss) from discontinued operations. In accordance with GAAP, the amounts in the table below do not include an allocation of corporate overhead. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 General and administrative expenses ​ $ — ​ $ 5 ​ $ — ​ $ 39 Loss (gain) on disposal - Electrical Solutions ​ ​ — ​ ​ (17) ​ ​ 17 ​ ​ (245) Interest expense ​ ​ 45 ​ ​ 46 ​ ​ 75 ​ ​ 76 Income (loss) from discontinued operations before income tax ​ ​ (45) ​ ​ (34) ​ ​ (92) ​ ​ 130 Income tax expense (benefit) ​ ​ (3) ​ ​ 22 ​ ​ (626) ​ ​ 59 Income (loss) from discontinued operations ​ $ (42) ​ $ (56) ​ $ 534 ​ $ 71 ​

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2022
REVENUE.
REVENUE	NOTE 6—REVENUE Disaggregation of Revenue The Company’s contracts generally include a single performance obligation for which revenue is recognized over time, as performance obligations are satisfied, due to the continuous transfer of control to the customer. For cost-plus contracts, the Company recognizes revenue when services are performed and contractually billable based upon the hours incurred and agreed-upon hourly rates. Revenue on fixed-price contracts is recognized and invoiced over time using the cost-to-cost percentage-of-completion method. To the extent a contract is deemed to have multiple performance obligations, the Company allocates the transaction price of the contract to each performance obligation using its best estimate of the standalone selling price of each distinct good or service in the contract. The Company does not adjust the price of the contract for the effects of a significant financing component. Change orders are generally not distinct from the existing contract due to the significant integration service provided in the context of the contract and are accounted for as a modification of the existing contract and performance obligation. The Company believes these methods of revenue recognition most accurately reflect the economics of the transactions with its customers. The Company’s contracts may include several types of variable consideration, including change orders, rate true-up provisions, retainage, claims, incentives, penalties, and liquidated damages. The Company estimates the amount of revenue to be recognized on variable consideration using estimation methods that best predict the amount of consideration to which the Company expects to be entitled. The Company includes variable consideration in the estimated transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur or when the uncertainty associated with the variable consideration is resolved. The Company’s estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based on an assessment of its anticipated performance and all information (historical, current, and forecasted) that is reasonably available. The Company updates its estimate of the transaction price each reporting period and the effect of variable consideration on the transaction price is recognized as an adjustment to revenue on a cumulative catch-up basis. In circumstances where the Company cannot reasonably determine the outcome of a contract, it recognizes revenue over time as the work is performed, but only to the extent of recoverable costs incurred (i.e. zero margin). A loss provision is recorded for the amount of any estimated unrecoverable costs in excess of total estimated revenue on a contract as soon as the Company becomes aware. The Company generally provides a limited warranty for a term of two years or less following completion of services performed under its contracts. Historically, warranty claims have not resulted in material costs incurred. Disaggregated revenue by type of contract was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 Cost-plus reimbursement contracts ​ $ 44,237 ​ $ 63,363 ​ $ 138,263 ​ $ 201,027 Fixed-price contracts ​ ​ 12,448 ​ ​ 9,988 ​ ​ 44,040 ​ ​ 24,746 Total ​ $ 56,685 ​ $ 73,351 ​ $ 182,303 ​ $ 225,773 ​ Disaggregated revenue by the geographic area where the work was performed was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 United States ​ $ 56,685 ​ $ 64,379 ​ $ 176,801 ​ $ 197,287 Canada ​ ​ - ​ ​ 8,972 ​ ​ 5,502 ​ ​ 28,486 Total ​ $ 56,685 ​ $ 73,351 ​ $ 182,303 ​ $ 225,773 ​ Contract Balances The Company enters into contracts that allow for periodic billings over the contract term that are dependent upon specific advance billing terms, as services are provided, or as milestone billings based on completion of certain phases of work. Projects with performance obligations recognized over time that have costs and estimated earnings recognized to date in excess of cumulative billings are reported in the Company’s unaudited condensed consolidated balance sheets as contract assets. Projects with performance obligations recognized over time that have cumulative billings in excess of costs and estimated earnings recognized to date are reported in the Company’s unaudited condensed consolidated balance sheets as contract liabilities. At any point in time, each project in process could have either contract assets or contract liabilities. The following table provides information about contract assets and contract liabilities from contracts with customers: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands) ​ 2022 ​ 2021 ​ 2022 2021 Costs incurred on uncompleted contracts ​ $ 55,936 ​ $ 66,590 ​ $ 173,564 ​ $ 203,561 Earnings recognized on uncompleted contracts ​ ​ 749 ​ ​ 6,761 ​ 8,739 ​ 22,212 Total ​ ​ 56,685 ​ ​ 73,351 ​ ​ 182,303 ​ 225,773 Less—billings to date ​ ​ (50,049) ​ ​ (63,034) ​ ​ (175,667) ​ (215,456) Net ​ $ 6,636 ​ $ 10,317 ​ $ 6,636 ​ $ 10,317 Contract assets ​ $ 10,076 ​ $ 12,811 ​ $ 10,076 ​ $ 12,811 Contract liabilities ​ ​ (3,440) ​ ​ (2,494) ​ ​ (3,440) ​ (2,494) Net ​ $ 6,636 ​ $ 10,317 ​ $ 6,636 ​ $ 10,317 ​ For the three and nine months ended September 30, 2022, the Company recognized revenue of approximately $0.1 million and $2.2 million, respectively, on approximately $3.4 million that was included in the corresponding contract liability balance on December 31, 2021. Remaining Performance Obligations The following table includes estimated revenue expected to be recognized in the future related to performance obligations that were unsatisfied (or partially unsatisfied) as of September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ Remainder of 2022 ​ 2023 ​ 2024 ​ Thereafter ​ Total Remaining performance obligations ​ $ 64,529 ​ $ 122,093 ​ $ 61,135 ​ $ 104,966 ​ $ 352,723 ​

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2022
EARNINGS (LOSS) PER SHARE
EARNINGS (LOSS) PER SHARE	NOTE 7—EARNINGS (LOSS) PER SHARE As of September 30, 2022, the Company’s 26,422,761 shares outstanding included 321,142 shares of contingently issued but unvested restricted stock. As of September 30, 2021, the Company’s 25,915,502 shares outstanding included 215,956 shares of contingently issued but unvested restricted stock. Restricted stock is excluded from the calculation of basic weighted average shares outstanding, but its impact, if dilutive, is included in the calculation of diluted weighted average shares outstanding. Basic earnings per common share are calculated by dividing net income by the weighted average common shares outstanding during the period. Diluted earnings per common share are based on the weighted average common shares outstanding during the period, adjusted for the potential dilutive effect of common shares that would be issued upon the vesting and release of restricted stock awards and units and stock options, if any. Basic and diluted earnings per common share from continuing operations were calculated as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands, except share data) 2022 ​ 2021 ​ 2022 2021 Income (loss) from continuing operations ​ $ 3,610 ​ $ 794 ​ $ (3,728) ​ $ 1,857 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic income (loss) per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ ​ 26,102,308 ​ ​ 25,699,545 ​ ​ 26,009,465 ​ ​ 25,306,130 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic income (loss) per common share ​ $ 0.14 ​ $ 0.03 ​ $ (0.14) ​ $ 0.07 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted income (loss) per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ ​ 26,102,308 ​ ​ 25,699,545 ​ ​ 26,009,465 ​ ​ 25,306,130 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted effect: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unvested portion of restricted stock units and awards ​ ​ 335,373 ​ ​ 807,030 ​ ​ — ​ ​ 791,570 Weighted average diluted common shares outstanding ​ ​ 26,437,681 ​ ​ 26,506,575 ​ 26,009,465 ​ ​ 26,097,700 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted income (loss) per common share ​ $ 0.14 ​ $ 0.03 ​ $ (0.14) ​ $ 0.07 ​ The weighted average number of shares outstanding used in the computation of basic and diluted earnings per common share does not include the effect of the following potential outstanding common stock. The effects of the potentially outstanding service-based restricted stock and restricted stock unit awards were not included in the calculation of diluted earnings per common share because the effect would have been anti-dilutive. The effects of the potentially outstanding performance- and market-based restricted stock unit awards were not included in the calculation of diluted earnings per common share because the performance and/or market conditions had not been satisfied as of September 30, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 ​ 2021 ​ 2022 2021 Unvested service-based restricted stock and restricted stock unit awards 573,517 ​ 16,666 ​ 229,102 ​ — Unvested performance- and market-based restricted stock unit awards 887,559 ​ 833,111 ​ 887,559 ​ 833,111 ​

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2022
INCOME TAXES
INCOME TAXES	NOTE 8—INCOME TAXES The effective income tax expense rate for continuing operations for the three and nine months ended September 30, 2022 and 2021 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 ​ 2021 ​ 2022 2021 Effective income tax rate for continuing operations ​ (8.2)% ​ (0.8)% ​ 5.4% ​ 12.1% ​ The effective income tax rate differs from the statutory federal income tax rate of 21% primarily because of the partial valuation allowances recorded on the Company’s deferred tax assets and the Canadian income tax provision. For the three months ended September 30, 2022, the Company recorded income tax benefit from continuing operations of $0.3 million, or (8.2)% of pretax income from continuing operations, compared with income tax benefit from continuing operations of $0.01 million, or (0.8)% of pretax income from continuing operations, in the corresponding period of 2021. For the nine months ended September 30, 2022, the Company recorded income tax benefit from continuing operations of $0.2 million, or 5.4% of pretax loss from continuing operations, compared with income tax expense from continuing operations of $0.3 million, or 12.1% of pretax income from continuing operations, in the corresponding period of 2021. The $0.3 million decrease in income tax provision from continuing operations for the three months ended September 30, 2022, compared with the corresponding period in 2021, was primarily related to a $0.6 million decrease in the Canadian income tax provision, partially offset by a $0.3 million decrease in the U.S. income tax benefit related to the indefinite lived deferred tax assets. The $0.5 million decrease in income tax provision from continuing operations for the nine months ended September 30, 2022, compared with the corresponding period in 2021, was primarily related to a $0.7 million decrease in the Canadian income tax provision, partially offset by a $0.2 million decrease in the U.S. income tax benefit related to the indefinite lived deferred tax assets. The Company’s net deferred balance was primarily composed of indefinite lived deferred tax liabilities attributable to goodwill and trade names, and the indefinite lived deferred tax assets related to the post 2017 net operating losses and Section 163(j) interest addback. A full valuation allowance was applied to most of the remaining deferred balances. The indefinite lived deferred tax assets enabled the release of the valuation allowance to the extent that it can offset the indefinite lived deferred tax liabilities. Because all indefinite lived deferred tax liabilities are part of continued operations, and the release of valuation allowance is attributable to the future taxable income related to these deferred tax liabilities, the entire valuation allowance released was recorded in continuing operations according to ASC 740-20-45-3. As of September 30, 2022, the Company had $2.3 million net deferred tax liabilities, mainly composed of $12.4 million indefinite lived deferred tax liabilities attributable to goodwill and trade names, partially offset by $6.8 million indefinite lived deferred tax assets attributable to post 2017 net operating losses, $3.4 million indefinite lived deferred tax assets attributable to Section 163(j) interest addback, $0.2 million deferred tax assets accrued for the current period as a result of the Canadian net operating loss, plus $0.3 million deferred tax liability accrued with respect to the Company’s outside basis difference in its investment in Canada. As of September 30, 2022, and 2021, the Company would have needed to generate approximately $287.2 million and $270.4 million, respectively, of future taxable income in order to realize its deferred tax assets. The Company’s foreign subsidiaries may generate earnings that are not subject to U.S. income taxes so long as they are permanently reinvested in its operations outside of the U.S. Pursuant to ASC 740-30, undistributed earnings of foreign subsidiaries that are no longer permanently reinvested would become subject to deferred income taxes. As of September 30, 2022, the Company projects that its Canadian subsidiary will have generated approximately $5.1 million undistributed earnings by the end of 2022. The Company’s management expects that all of the undistributed earnings will be repatriated back to the United States within the next 12 months. The Company formed the Canadian subsidiary in 2018 without significant capital investment, and the majority of the undistributed earnings was expected to be repatriated as dividends to the United States at the United States-Canada treaty rate of 5%. As a result, the Company accrued a deferred tax liability of $0.3 million related to its investment in Canada for its outside basis difference as of September 30, 2022. As of September 30, 2022 and 2021, the Company provided for a total liability of $2.3 million and $3.0 million, respectively, for uncertain income tax positions, which include the unrecognized tax benefits related to various federal, foreign and state income tax matters, and the accrual of interest, penalties, and foreign currency adjustments that can potentially arise from these positions. For the period ended September 30, 2022, the $2.3 million reserved for uncertain income tax positions was included in long-term liabilities of discontinued operations and other long-term liabilities, of which $1.2 million was related to discontinued operations, compared to $1.9 million for the corresponding period in 2021. If the unrecognized tax benefit is recognized, the reduction in the liability would be recorded as a tax benefit and reduce the effective tax rate. Of the $2.3 million reserved for uncertain income tax positions as of September 30, 2022, approximately $1.1 million was accrued for potential payment of interest and penalties, of which, $0.5 million was related to discontinued operations. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was enacted and signed into U.S. law to provide economic relief to individuals and businesses facing economic hardship as a result of the COVID-19 pandemic. The Company has incorporated the impact of the CARES Act to the tax provision. In addition, the Company deferred payments of federal employer payroll taxes of approximately $4.9 million, as permitted by the CARES Act. The first half of the deferred amounts were paid in December 2021, and the second half will be paid by December 2022. On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (“IRA”) into law. The IRA contains a number of revisions to the Internal Revenue Code, including a 15% corporate minimum income tax and a 1% excise tax on corporate stock repurchases in tax years beginning after December 31, 2022. While these tax law changes have no immediate effect and are not expected to have a material adverse effect on the Company’s results of operations going forward, the Company will continue to evaluate the IRA’s impact as further information becomes available.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2022
DEBT
DEBT	NOTE 9—DEBT The following table provides information about the Company’s debt, net of unamortized deferred financing costs: ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) September 30, 2022 December 31, 2021 Short-term borrowings ​ $ 14,525 ​ $ 676 Term loan, current portion of long-term debt ​ ​ 1,050 ​ ​ 1,050 Current debt ​ $ 15,575 ​ $ 1,726 ​ ​ ​ ​ ​ ​ ​ Term loan, noncurrent portion of long-term debt ​ $ 24,056 ​ $ 32,900 Debt discount ​ ​ (641) ​ ​ (791) Unamortized deferred financing costs ​ ​ (1,606) ​ ​ (1,781) Long-term debt, net ​ $ 21,809 ​ $ 30,328 ​ ​ ​ ​ ​ ​ ​ Total debt, net ​ $ 37,384 ​ $ 32,054 ​ Debt Refinancing On December 16, 2020 (the “Closing Date”), the Company and certain of its subsidiaries refinanced and replaced its prior revolving credit facility and term loan facility and entered into (i) the Term Loan Agreement (as defined below), which provided for senior secured term loan facilities in an aggregate principal amount of up to $50.0 million (collectively, the “Term Loan”), consisting of a $35.0 million closing date term loan facility (the “Closing Date Term Loan”) and up to $15.0 million of borrowings under a delayed draw facility (the “Delayed Draw Term Loan Facility”) with EICF Agent LLC, as agent, and CION Investment Corporation, as a lender and a co-lead arranger, and the other lenders party thereto; and (ii) a senior secured asset-based revolving line of credit of up to $30.0 million (the “Revolving Credit Facility”) with PNC Bank, National Association (“PNC”). In connection with the refinancing, the Company repaid the outstanding balance of the prior facilities and all interest in full. As of September 30, 2022, the Company had $14.5 million outstanding debt under the Revolving Credit Facility and $25.1 million outstanding (including both the noncurrent and current portion of the Term Loan) under the Term Loan. Total liquidity (the sum of unrestricted cash and availability under the Revolving Credit Facility) was $7.3 million at the end of the third quarter of 2022. As of September 30, 2022, the Company was in compliance with all debt covenants, as amended. Effective as of August 23, 2022, the Company entered into a confidential settlement agreement and general release (the “Settlement Agreement”), dated August 22, 2022, that resolved a pending arbitration proceeding initiated by the Company against a third-party respondent in May 2020. The claims made by the Company against the respondent relate to the restatement of the Company’s financial statements in 2017 for the 2012 to 2014 period. The Company received net proceeds (after payment of attorney’s fees and third-party funding costs) of approximately $8.1 million, which was recorded as other income on the income statement during the third quarter of 2022. In the third quarter of 2022, the Company used the $8.1 million of net proceeds received under the Settlement Agreement to repay part of the Term Loan. As of September 30, 2022, the Company reduced the Term Loan to $25.1 million compared to $34.0 million on December 31, 2021 (including both the noncurrent and current portion of the Term Loan). The Revolving Credit Facility On the Closing Date, the Company and certain of its subsidiaries (the “Revolving Loan Borrowers”) entered into the Revolving Credit and Security Agreement with PNC, as agent for the lenders, and the lenders party thereto (the “Revolving Credit Agreement”), which provides for the Revolving Credit Facility. As part of the Revolving Credit Facility, the Company may access a letter of credit sublimit in an amount up to $2.0 million, a swing loan sublimit in an aggregate principal amount of up to $3.0 million, and a Canadian dollar sublimit in an aggregate principal amount of up to $5.0 million. The Revolving Credit Agreement matures on December 16, 2025. As of September 30, 2022, borrowings under the Revolving Credit Facility bore interest, at the Company’s election, at either (1) the base commercial lending rate of PNC, as publicly announced, plus 1.25%, payable in cash on a monthly basis, (2) the Term SOFR Rate (as defined in the Revolving Credit Agreement, as amended,) based on the secured overnight financing rate (“SOFR”) rate, subject to a minimum SOFR floor of 1.00%, plus 2.25%, payable in cash on the last day of each interest period, or (3) with respect to Canadian dollar loans, the Canadian Dollar Offered Rate (“CDOR”), subject to a minimum CDOR rate of 1.00%, plus 2.25%, payable in cash on a monthly basis. In addition, upon the occurrence of an event of default, and for so long as such event of default continues, default interest equal to 2.00% per year in excess of the rate otherwise applicable will be payable. The Revolving Loan Borrowers’ Obligations (as defined in the Revolving Credit Agreement) are guaranteed by certain of the Company’s material, wholly owned subsidiaries, subject to customary exceptions (the “Revolving Loan Guarantors” and, together with the Revolving Loan Borrowers, the “Revolving Loan Credit Parties”). The Revolving Loan Credit Parties’ obligations are secured by first-priority security interests on substantially all of the Revolving Loan Credit Parties’ accounts receivable and a second-priority security interest in substantially all other assets of the Revolving Loan Credit Parties, subject to the terms of the Intercreditor Agreement between PNC and EICF Agent LLC, as the Revolving Loan Agent and the Term Loan Agent, respectively (as each such term is defined in the Intercreditor Agreement), as described below (the “Intercreditor Agreement”). The Revolving Loan Borrowers may from time to time voluntarily prepay outstanding amounts, plus any accrued but unpaid interest on the aggregate amount being prepaid, under the Revolving Credit Facility, in whole or in part. There is no required minimum prepayment amount. If at any time the amount outstanding under the Revolving Credit Agreement exceeds the borrowing base, or any sublimit, in effect at such time, the excess amount will be immediately due and payable. Subject to the Intercreditor Agreement, the Revolving Credit Agreement also requires mandatory prepayment of outstanding amounts in the event the Revolving Loan Borrowers receive proceeds from certain events and activities, including, among others, certain asset sales and casualty events, the issuance of indebtedness and equity interests, and the recovery of any proceeds from certain specified arbitration proceedings. The Revolving Credit Agreement provides for (1) a closing fee of $0.2 million, which was paid on the Closing Date, (2) a customary unused line fee equal to 0.25% per year on the unused portion of the Revolving Credit Facility, which is payable on a quarterly basis, and (3) a collateral monitoring fee of $2,500, which is payable on a monthly basis. The Revolving Credit Agreement also provides for an early termination fee (the “Early Termination Fee”), payable to the revolving lenders thereunder upon (1) any acceleration of the Obligations and termination of the Revolving Credit Agreement and the obligation of the revolving lenders to make advances thereunder following the occurrence of an Event of Default (as defined in the Revolving Credit Agreement), or (2) any other termination of the Revolving Credit Agreement and the obligation of revolving lenders to make advances thereunder for any reason (the “Early Termination Date”). The Early Termination Fee is calculated as follows: if the Early Termination Date occurred on or prior to the first anniversary of the Closing Date, the Early Termination Fee would have been 2.00% of the Revolving Credit Facility; and if prepayment occurs after the first anniversary of the Closing Date and on or prior to the second anniversary of the Closing Date, the Early Termination Fee will be 1.00% of the Revolving Credit Facility. While any letter of credit is outstanding under the Revolving Credit Facility, the Revolving Loan Borrowers must pay a letter of credit fronting fee at a rate equal to 0.25% per year, payable quarterly, in addition to any other customary fees required by the issuer of the letter of credit. The Revolving Credit Agreement contains customary representations and warranties, as well as customary affirmative and negative covenants, in each case, with certain exceptions, limitations and qualifications. The Revolving Credit Agreement also requires the Revolving Loan Borrowers to regularly provide certain financial information to the lenders thereunder, maintain a springing minimum fixed charge coverage ratio, and comply with certain limitations on capital expenditures. Events of default under the Revolving Credit Agreement include, but are not limited to, a breach of certain covenants or any representations or warranties, failure to timely pay any amounts due and owing, the commencement of any bankruptcy or other insolvency proceeding, judgments in excess of certain acceptable amounts, the occurrence of a change in control, certain events related to ERISA matters, impairment of security interests in collateral or invalidity of guarantees or security documents, or a default or event of default under the Term Loan Agreement or the Intercreditor Agreement, in each case, with customary exceptions, limitations, grace periods and qualifications. If an event of default occurs, the revolving lenders may, among other things, declare all Obligations outstanding under the Revolving Credit Facility to be immediately due and payable, together with accrued interest and fees, and exercise remedies under the collateral documents relating to the Revolving Credit Agreement. On August 3, 2022, the Company entered into an Amendment to the Revolving Credit Agreement (the “Revolving Credit Amendment”) that, among other things, (i) amended the calculation of EBITDA (as defined in the Revolving Credit Agreement), effective as of June 30, 2022, to include (or “add back”) certain non-recurring losses and expenses relating to projects executed in Jacksonville, Florida, one-time costs and expenses incurred in connection with the Company’s transmission and distribution business unit start-up, and costs and expenses arising out of the Company’s litigation with a designated former executive and his employer (in each case, subject to certain specified dollar limits), (ii) permitted advances against certain eligible receivables of one of the Company’s joint ventures (also subject to specified dollar limits), (iii) included provisions that replace the London Interbank Offered Rate (LIBOR) interest rate with customary provisions based on SOFR, and (iv) provided for the payment of a $25,000 amendment fee, plus applicable fees and expenses. The $25,000 amendment fee will be expensed as incurred. EICF Agent LLC, as the Term Loan Agent, and PNC, as the Revolving Loan Agent, entered into an Intercreditor Agreement, dated as of the Closing Date, to which the Term Loan Credit Parties (as defined below) and Revolving Loan Credit Parties consented. The Intercreditor Agreement, among other things, specifies the relative lien priorities of the Term Loan Agent and Revolving Loan Agent in the relevant collateral, and contains customary provisions regarding, among other things, the rights of the Term Loan Agent and Revolving Loan Agent to take enforcement actions against the relevant collateral and certain limitations on amending the documentation governing each of the Term Loan and Revolving Credit Facility. The Term Loan On the Closing Date, the Company and certain of its subsidiaries (the “Term Loan Borrowers”) entered into the Term Loan, Guarantee and Security Agreement with EICF Agent LLC, as agent for the lenders, CION Investment Corporation, as a lender and co-lead arranger, and the other lenders party thereto (the “Term Loan Agreement”), which provides for the Term Loan. The Closing Date Term Loan was fully drawn on the Closing Date, while the Delayed Draw Term Loan Facility was available upon the satisfaction of certain conditions precedent for up to 18 months following the Closing Date and expired in June 2022. The Term Loan Agreement matures on December 16, 2025. Borrowings under the Term Loan Agreement bear interest at SOFR, plus a margin of 8.50% (if the Total Leverage Ratio (as defined in the Term Loan Agreement) is less than 2.50:1) or 9.00% per year (if the Total Leverage Ratio is greater than or equal to 2.50:1), subject to a minimum SOFR floor of 1.00%, payable in cash on a quarterly basis. In addition, upon the occurrence of an event of default, and for so long as such event of default continues, default interest equal to 2.00% per year in excess of the rate otherwise applicable will be payable. The Term Loan Borrowers’ Obligations (as defined in the Term Loan Agreement) are guaranteed by certain of the Company’s material, wholly owned subsidiaries, subject to customary exceptions (the “Term Loan Guarantors” and, together with the Term Loan Borrowers, the “Term Loan Credit Parties”). The Term Loan Credit Parties’ obligations are secured by first-priority security interests on substantially all of the Term Loan Credit Parties’ assets, as well as a second-priority security interest on the Term Loan Credit Parties’ accounts receivable and inventory, subject to the Intercreditor Agreement. Subject to certain conditions, the Term Loan Borrowers may voluntarily prepay the Term Loan on any Payment Date (as defined in the Term Loan Agreement), in whole or in part, in a minimum amount of $1.0 million of the outstanding principal amount, plus a prepayment fee. The prepayment fee was amended effective June 30, 2022, as described below. Subject to certain exceptions, within 120 days The Term Loan Agreement contains customary representations and warranties, as well as customary affirmative and negative covenants, in each case, with certain exceptions, limitations and qualifications. The Term Loan Agreement also requires the Term Loan Borrowers to regularly provide certain financial information to the lenders thereunder, maintain a maximum total leverage ratio and a minimum fixed charge coverage ratio, and comply with certain limitations on capital expenditures. Events of default under the Term Loan Agreement include, but are not limited to, a breach of certain covenants or any representations or warranties, failure to timely pay any amounts due and owing, the commencement of any bankruptcy or other insolvency proceeding, judgments in excess of certain acceptable amounts, the occurrence of a change in control, certain events related to ERISA matters, impairment of security interests in collateral or invalidity of guarantees or security documents, or a default or event of default under the Revolving Credit Agreement or the Intercreditor Agreement, in each case, with customary exceptions, limitations, grace periods and qualifications. If an event of default occurs, the Term Loan lenders may, among other things, declare all Obligations to be immediately due and payable, together with accrued interest and fees, and exercise remedies under the collateral documents relating to the Term Loan Agreement. On August 3, 2022 (the “Signing Date”), effective as of June 30, 2022, the Company entered into an Amendment to the Term Loan Agreement (the “Term Loan Amendment”) that, among other things, (i) amended and increased the Total Leverage Ratio (as defined in the Term Loan Agreement) applicable to the Company for certain periods, (ii) amended the calculation of Consolidated EBITDA (as defined in the Term Loan Agreement) to include (or “add back”) certain non-recurring losses and expenses relating to projects executed in Jacksonville, Florida, one-time costs and expenses incurred in connection with the Company’s transmission and distribution business unit start-up, and costs and expenses arising out of the Company’s litigation with a designated former executive and his employer (in each case, subject to certain specified dollar limits), (iii) provided for a fee of 1% of the then-outstanding principal balance due upon maturity of the term loan without duplication of fees paid in connection with the Company’s prepayment fee structure, (iv) extended the Company’s existing prepayment fee structure to require upon repayment (a) prior to the first anniversary of the Signing Date, a fee of 3% of the principal amount being repaid, (b) on or after the first anniversary of the Signing Date and prior to the second anniversary of the Signing Date, a fee of 2% of the principal amount being repaid, and (c) on or after the second anniversary of the Signing Date, a fee of 1% of the principal amount being repaid, and (v) provided for the payment of a $0.2 million amendment fee, plus applicable fees and expenses. The Company’s expense related to the Term Loan Amendment was $0.2 million and will be recognized as interest expense over the remaining term of the modified Term Loan Agreement. Effective as of August 23, 2022, the Company entered into a Settlement Agreement, which resolved a pending arbitration proceeding related to the restatement of the Company’s financial statements in 2017 for the 2012 to 2014 period. The Company received net proceeds of $8.1 million (after payment of attorney’s fees and third-party funding costs), and used these net proceeds to prepay a substantial amount of the Term Loan. The $8.1 million net proceeds, coupled with $0.3 million scheduled principal payments, reduced the Term Loan by a total of $8.4 million to $25.1 million as of September 30, 2022 (including both the noncurrent and current portion of the Term Loan). Letters of Credit and Bonds In line with industry practice, the Company is often required to provide letters of credit and payment and performance surety bonds to customers. These letters of credit and bonds provide credit support and security for the customer if the Company fails to perform its obligations under the applicable contract with such customer. The Revolving Credit Facility provides for a letter of credit sublimit in an amount up to $2.0 million. As of September 30, 2022, the Company had $0.5 million letters of credit outstanding under this sublimit and $0.4 million cash collateralized standby letters of credit outstanding pursuant to its prior revolving credit facility with Wells Fargo Bank, National Association. There were no amounts drawn upon these letters of credit as of September 30, 2022. In addition, as of September 30, 2022 and December 31, 2021, the Company had outstanding payment and performance surety bonds of $65.6 million and $67.6 million, respectively. Deferred Financing Costs and Debt Discount: Deferred financing costs and debt discount is amortized over the terms of the related debt facilities using the straight-line method. The following table summarizes the amortization of deferred financing costs and debt discount related to the Company's debt facilities and recognized in interest expense on the unaudited condensed consolidated statements of operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 Term loan ​ $ 125 ​ $ 113 ​ $ 350 ​ $ 338 Debt discount on term loan ​ ​ 50 ​ ​ 50 ​ ​ 150 ​ ​ 150 Revolving credit facility ​ ​ 96 ​ ​ 96 ​ ​ 286 ​ ​ 286 Total ​ $ 271 ​ $ 259 ​ $ 786 ​ $ 774 ​ The following table summarizes unamortized deferred financing costs and debt discount included on the Company's unaudited condensed consolidated balance sheets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) Location September 30, 2022 ​ December 31, 2021 Term loan ​ Long-term debt, net ​ $ 1,606 ​ $ 1,781 Debt discount on term loan ​ Long-term debt, net ​ ​ 641 ​ ​ 791 Revolving credit facility ​ Other long-term assets ​ ​ 1,223 ​ ​ 1,509 Total ​ ​ ​ $ 3,470 ​ $ 4,081 ​

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2022
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS	NOTE 10 — FINANCIAL INSTRUMENTS Fair Value of Financial Instruments ASC 820–Fair Value Measurement defines fair value as the exit price, which is the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a three-tier fair value hierarchy, which categorizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in the active markets for identical assets and liabilities and the lowest priority to unobservable inputs. The Company’s financial instruments as of September 30, 2022 and December 31, 2021 consisted primarily of cash and cash equivalents, restricted cash, receivables, payables, and debt instruments. The carrying values of these financial instruments approximate their respective fair values, as they are either short-term in nature or carry interest rates that are periodically adjusted to market rates.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 11—COMMITMENTS AND CONTINGENCIES Litigation and Claims The Company is from time-to-time party to various lawsuits, including personal injury claims and other proceedings that arise in the ordinary course of its business. With respect to all such lawsuits, claims and proceedings, the Company records a reserve when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. The Company does not believe that the resolution of any currently pending lawsuits, claims and proceedings, either individually or in the aggregate, will have a material adverse effect on its financial position, results of operations or liquidity. However, the outcomes of any currently pending lawsuits, claims and proceedings cannot be predicted, and therefore, there can be no assurance that this will be the case. The Company completed a bankruptcy filing of its Koontz-Wagner subsidiary on July 11, 2018. This could require the Company to incur legal fees and other expenses related to liabilities from this bankruptcy filing. While the Company does not anticipate these liabilities will have a material adverse effect on its results of operations, cash flows and financial position, and although the statute of limitations has run on certain claims that the Chapter 7 Trustee for the Koontz-Wagner estate might assert, there can be no assurance of the outcome. The filing was for Koontz-Wagner only, not for the Company as a whole, and was completely separate and distinct from the Williams business and operations. For additional information, please refer to “Note 5—Changes in Business” to the unaudited condensed consolidated financial statements. The acquiror of certain assets from a former operating unit of the Company has been named as a defendant in an asbestos personal injury lawsuit and has submitted a claim for indemnification and tendered defense of the matter to the Company. The Company has assumed defense of the matter subject to a reservation of rights and objection to the claim for indemnification. Neither the Company nor its predecessors ever mined, manufactured, produced, or distributed asbestos fiber, the material that allegedly caused the injury underlying this action. The Company does not expect that this claim will have a material adverse effect on its financial position, results of operations or liquidity. Moreover, during 2012, the Company secured insurance coverage that will help to reimburse the defense costs and potential indemnity obligations of its former operating unit relating to these claims. The Company intends to vigorously defend all currently active actions, and it does not anticipate that this action will have a material adverse effect on its financial position, results of operations or liquidity. However, the outcomes of any legal action cannot be predicted and, therefore, there can be no assurance that this will be the case. Insurance The Company maintains insurance coverage for most insurable aspects of its business and operations. The Company’s insurance programs, including, but not limited to, health, general liability, and workers’ compensation, have varying coverage limits depending upon the type of insurance. For the three and nine months ended September 30, 2022, insurance expense, including insurance premiums related to the excess claim coverage and claims incurred for continuing operations, was $1.6 million and $4.7 million, respectively. The Company’s unaudited condensed consolidated balance sheets include amounts representing its probable estimated liability related to insurance-related claims that are known and have been asserted against the Company, and for insurance-related claims that are believed to have been incurred but had not yet been reported as of September 30, 2022. As of September 30, 2022, the Company provided $0.9 million in letters of credit and $1.5 million of non-depleting cash collateral as security for possible general liability and workers’ compensation claims. Executive Severance As of September 30, 2022, the Company had outstanding severance arrangements with senior executives. The Company’s maximum commitment under all such arrangements, which would apply if the employees covered by these arrangements were each terminated without cause, was $6.4 million on September 30, 2022. The Company did not accrue executive severance expenses as of September 30, 2022.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	9 Months Ended
	Sep. 30, 2022
STOCK-BASED COMPENSATION PLANS.
STOCK-BASED COMPENSATION PLANS	NOTE 12—STOCK-BASED COMPENSATION PLANS During the first nine months of 2022, the Company granted 291,894 service-based restricted stock awards under the 2015 Equity Incentive Plan (as amended and restated, the “2015 Plan”), at a grant date fair value of $1.85 per share, to its non-employee directors, which vest in full on February 3, 2023. During the first nine months of 2022, the Company granted 362,356 service-based restricted stock units to its employees under the 2022 long-term incentive (“LTI”) program and the 2015 Plan at a grant date fair value of $1.99 per share. These service-based restricted stock units can be paid in cash or shares at the election of the Compensation Committee of the Board of Directors and shall vest in equal annual installments over a period of three years. During the first nine months of 2022, the Company also granted 724,726 performance-based restricted stock units to its employees under the 2022 LTI program and the 2015 Plan at a grant date fair value of $1.99 per share. The 2022 performance-based restricted stock units have three During the first nine months of 2021, the Company granted 307,616 service-based restricted stock units under the 2021 LTI program and the 2015 Plan at a grant date fair value of $3.48 per share. These service-based restricted stock units can be paid in cash or shares at the election of the Compensation Committee of the Board of Directors and shall vest in full on March 31, 2024. Additionally on June 15, 2021, the Company granted an employee 41,666 service-based restricted stock units under the 2015 Plan at a grant date fair value of $6.27 per share. The service-based restricted stock units vested with respect to 25,000 shares of common stock on the date of grant (June 15, 2021), while 8,333 vested on March 31, 2022 and the remaining 8,333 will vest on March 31, 2023. These awards may be paid in cash or shares at the election of the Compensation Committee of the Board of Directors. During the first nine months of 2021, the Company also granted performance-based restricted stock units under the 2021 LTI program and the 2015 Plan with an aggregate cash value of approximately $2.2 million, which could be paid in cash or shares at the election of the Compensation Committee of the Board of Directors. The 2021 performance-based restricted stock units have three Additionally on May 17, 2021, the Company granted an employee 37,500 performance-based restricted stock units as an inducement award outside of the 2015 Plan at a grant date fair value of $5.00 per share. The performance-based restricted stock units, if any, vest on March 31, 2024. The performance-based awards have three annual performance periods (fiscal years 2021, 2022 and 2023), with operating income and free cash flow goals (equally weighted) for each year, and threshold performance resulting in awards earned at 50% of the target opportunity and maximum performance resulting in awards earned at 200% of the target. These awards may be paid in cash or shares at the election of the Compensation Committee of the Board of Directors. The Company previously granted (i) performance-based restricted stock units under the 2016 LTI program, which were scheduled to vest if the Company achieved a per share stock price of $5.50 for 30 consecutive trading days prior to August 5, 2021, (ii) performance-based restricted stock units under the 2017 LTI program, which were scheduled to vest if the Company achieved a per share stock price of $6.00 for 30 consecutive trading days prior to March 31, 2021 (pursuant to an extension from the initial vesting date of March 31, 2020, which extension was approved by the Compensation Committee in February 2020), and (iii) performance-based restricted stock units under the 2018 LTI program, which were scheduled to vest if the Company achieved a per share stock price of at least $5.00 for any period of 30 consecutive trading days prior to June 30, 2021 (collectively, the “LTI Performance Awards”). On March 5, 2021, the Compensation Committee of the Board of Directors extended the performance period for each of the LTI Performance Awards to December 31, 2022. In accordance with ASC Topic 718, “Compensation—Stock Compensation” (“ASC 718”), the Company conducted a lattice valuation model in order to revalue the market price for the LTI Performance Awards at the March 5, 2021 modification date. The 2018 LTI program met the market objective by achieving a per share stock price of $5.00 for 30 consecutive days, and approximately 189,640 shares will vest for recipients remaining employed through December 31, 2022. During the first nine months of 2021, the Compensation Committee of the Board of Directors approved modifying the 2020 and 2019 performance-based restricted stock units granted in 2020 and 2019. The 2020 and 2019 performance-based restricted stock units did not achieve the 2021 performance objectives. The 2019 performance-based restricted stock units expired because their final performance period was 2021. On April 13, 2022, the Company’s management analyzed the probability of achieving the 2022 performance objectives for the 2021 and 2020 performance-based restricted stock units granted in 2021 and 2020 and determined that, after comparing the actual year-to-date results to the forecasted results, it is unlikely the Company will achieve the minimum performance metric for the 2022 performance period. This resulted in a $0.3 million adjustment for the 2021 performance-based restricted stock units and an entire reversal of $0.5 million for the 2020 performance-based restricted stock units within the first three months of 2022. The 2020 performance-based restricted stock units will expire after the 2022 performance period and the 2021 performance-based restricted stock units were adjusted to vest at 55% of their original cash value and as of September 30, 2022, will be expensed by approximately $0.5 million until the end of the service requisite period of March 31, 2024. While the majority of restricted stock units and awards were granted as equity, in accordance with ASC 718, the Company has one cash-based plan that is classified as a liability. Stock-based compensation expense for the three months ended September 30, 2022 and 2021 was $0.5 million and $1.1 million, respectively, and for the nine months ended September 30, 2022 and 2021 was $1.1 million and $2.6 million, respectively, and was included in general and administrative expenses on the Company’s unaudited condensed consolidated statements of operations.

OTHER SUPPLEMENTAL INFORMATION

OTHER SUPPLEMENTAL INFORMATION	9 Months Ended
	Sep. 30, 2022
OTHER SUPPLEMENTAL INFORMATION
OTHER SUPPLEMENTAL INFORMATION	NOTE 13—OTHER SUPPLEMENTARY INFORMATION The following table summarizes other current assets included on the Company's unaudited condensed consolidated balance sheets: ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) September 30, 2022 December 31, 2021 Unamortized commercial insurance premiums ​ $ 3,674 ​ $ 2,389 Litigation settlement receivable ​ ​ 2,675 ​ ​ — Security deposits - real estate ​ ​ 1,978 ​ ​ 1,978 Prepaid expenses ​ ​ 1,826 ​ ​ 1,136 Sales tax receivable - Canada ​ ​ 6 ​ ​ 4,866 Other current assets ​ ​ 516 ​ ​ 680 Total ​ $ 10,675 ​ $ 11,049 ​ The following table summarizes other current liabilities included on the Company's unaudited condensed consolidated balance sheets: ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) September 30, 2022 December 31, 2021 Short-term lease liability ​ $ 1,572 ​ $ 1,606 Accrued job cost ​ ​ 1,318 ​ ​ 2,433 Cloud computing software liability ​ ​ 692 ​ ​ - Stock Compensation ​ ​ 418 ​ ​ 938 Legal fees ​ ​ 245 ​ ​ 113 Sales tax payable - Canada ​ ​ - ​ ​ 5,135 Other current liabilities ​ ​ 385 ​ ​ 792 Total ​ $ 4,630 ​ $ 11,017 ​ The following table summarizes other long-term assets included on the Company's unaudited condensed consolidated balance sheets: ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ September 30, 2022 December 31, 2021 Right-of-use lease assets ​ $ 3,738 ​ $ 1,527 Equity method investment in RCC ​ ​ 1,848 ​ ​ 2,521 Unamortized Debt Issuance Cost ​ ​ 1,223 ​ ​ 1,509 Unamortized cloud computing software ​ ​ 757 ​ ​ — Other long-term assets ​ ​ 166 ​ ​ 155 Total ​ $ 7,732 ​ $ 5,712 ​ The following table summarizes other long-term liabilities included on the Company's unaudited condensed consolidated balance sheets: ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) September 30, 2022 December 31, 2021 Long-term lease liability ​ $ 2,582 ​ $ 511 Liability for uncertain tax positions ​ ​ 1,102 ​ ​ 1,136 Other long-term liabilities ​ ​ 756 ​ ​ - Total ​ $ 4,440 ​ $ 1,647 ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 14—SUBSEQUENT EVENTS ​ The Company settled a legal dispute related to the loss of a multi-year contract against a former Company executive and current competitor. The former Company executive was hired by the competitor and breached a non-compete agreement. The legal settlement resulted in $2.7 million and was included on the income statement as other income for the third quarter of 2022. The Company collected the $2.7 million in cash related to the settlement on October 13, 2022. The $2.7 million settlement was used to pay a portion of the Revolving Credit Facility in the fourth quarter of 2022. ​ ​

BUSINESS AND BASIS OF PRESENT_2

BUSINESS AND BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business and Basis of Presentation	Business Williams Industrial Services Group Inc. (together with its wholly owned subsidiaries, “Williams,” the “Company,” “we,” “us” or “our,” unless the context indicates otherwise) was initially formed in 1998 as GEEG Inc., a Delaware corporation, and in 2001 changed its name to “Global Power Equipment Group Inc.,” and, as part of a reorganization, became the successor to GEEG Holdings, L.L.C., a Delaware limited liability company. Effective June 29, 2018, the Company changed its name to Williams Industrial Services Group Inc. to better align its name with the Williams business, and the Company’s stock trades on the NYSE American LLC under the ticker symbol “WLMS.” Williams has been safely helping power plant owners and operators enhance asset value for more than 50 years. It provides a broad range of construction, maintenance, and support services to infrastructure customers in energy, power, and industrial end markets. The Company’s mission is to be the preferred provider of construction, maintenance, and specialty services through commitment to superior safety performance, focus on innovation, and dedication to delivering unsurpassed value to its customers. Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) on a basis consistent with that used in the Annual Report on Form 10-K for the year ended December 31, 2021, filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on March 16, 2022 (the “2021 Report”). In the opinion of management, the unaudited condensed consolidated financial statements reflect all adjustments, including all normal recurring adjustments, necessary to present fairly the unaudited condensed consolidated balance sheets and statements of operations, comprehensive income (loss), stockholders’ equity and cash flows for the periods indicated. All significant intercompany transactions have been eliminated. The December 31, 2021 condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. These unaudited condensed consolidated interim financial statements and accompanying notes should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the 2021 Report. Accounting measurements at interim dates inherently involve greater reliance on estimates than at year-end. The results of operations for any interim period are not necessarily indicative of operations to be expected for the full year. The Company reports on a fiscal quarter basis utilizing a “modified” 5-4-4 calendar (modified in that the fiscal year always begins on January 1 and ends on December 31). However, the Company has continued to label its quarterly information using a calendar convention. The effects of this practice are modest and only exist when comparing interim period results. The reporting periods and corresponding fiscal interim periods are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reporting Interim Period ​ Fiscal Interim Period ​ 2022 2021 Three Months Ended March 31 ​ January 1, 2022 to April 3, 2022 ​ January 1, 2021 to April 4, 2021 Three Months Ended June 30 ​ April 4, 2022 to July 3, 2022 ​ April 5, 2021 to July 4, 2021 Three Months Ended September 30 ​ July 4, 2022 to October 2, 2022 ​ July 5, 2021 to October 3, 2021
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements The Company did not implement any new accounting pronouncements during the first nine months of 2022. However, the Company is currently evaluating the impact of future disclosures that may arise under recent SEC proposals.

BUSINESS AND BASIS OF PRESENT_3

BUSINESS AND BASIS OF PRESENTATION (Tables)	9 Months Ended
	Sep. 30, 2022
BUSINESS AND BASIS OF PRESENTATION
Reporting periods and corresponding fiscal interim periods	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reporting Interim Period ​ Fiscal Interim Period ​ 2022 2021 Three Months Ended March 31 ​ January 1, 2022 to April 3, 2022 ​ January 1, 2021 to April 4, 2021 Three Months Ended June 30 ​ April 4, 2022 to July 3, 2022 ​ April 5, 2021 to July 4, 2021 Three Months Ended September 30 ​ July 4, 2022 to October 2, 2022 ​ July 5, 2021 to October 3, 2021

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2022
LEASES
Schedule of components of lease expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, Lease Cost/(Sublease Income) (in thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 Operating lease cost ​ $ 549 ​ $ 619 ​ $ 1,668 ​ $ 1,711 Short-term lease cost ​ ​ 2,125 ​ ​ 1,051 ​ ​ 5,353 ​ ​ 2,484 Sublease income ​ ​ (14) ​ ​ (5) ​ ​ (44) ​ ​ (5) Total lease cost ​ $ 2,660 ​ $ 1,665 ​ $ 6,977 ​ $ 4,190
Schedule of right-of use assets and lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease Assets/Liabilities (in thousands) ​ Balance Sheet Classification ​ September 30, 2022 ​ December 31, 2021 Lease Assets ​ ​ ​ ​ ​ ​ ​ ​ Right-of-use assets ​ Other long-term assets ​ $ 3,738 ​ $ 1,527 ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease Liabilities ​ ​ ​ ​ ​ ​ ​ ​ Short-term lease liabilities ​ Other current liabilities ​ $ 1,572 ​ $ 1,606 Long-term lease liabilities ​ Other long-term liabilities ​ ​ 2,582 ​ ​ 511 Total lease liabilities ​ ​ ​ $ 4,154 ​ $ 2,117
Schedule of supplemental information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, (dollars in thousands) ​ 2022 ​ 2021 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash used by operating leases ​ $ 1,810 ​ $ 1,810 Right-of-use assets obtained in exchange for new operating lease liabilities ​ ​ 3,669 ​ ​ 1,549 Weighted-average remaining lease term - operating leases ​ ​ 5.34 years ​ ​ 1.47 years Weighted-average remaining lease term - finance leases ​ ​ 1.48 years ​ ​ 2.48 years Weighted-average discount rate - operating leases ​ ​ 9% ​ ​ 9% Weighted-average discount rate - finance leases ​ ​ 9% ​ ​ 9%
Schedule of remaining lease payments under operating leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases Nine Months Ended September 30, ​ (in thousands) Remainder of 2022 ​ $ 557 ​ $ 1 2023 ​ ​ 1,490 ​ ​ 6 2024 ​ ​ 653 ​ ​ 1 2025 ​ ​ 375 ​ ​ - 2026 ​ ​ 381 ​ ​ - Thereafter ​ ​ 1,873 ​ ​ - Total lease payments ​ $ 5,329 ​ $ 8 Less: interest ​ ​ (1,183) ​ ​ - Present value of lease liabilities ​ $ 4,146 ​ $ 8
Schedule of remaining lease payments under finance leases	Total remaining lease payments under the Company’s operating and finance leases were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases ​ Finance Leases Nine Months Ended September 30, ​ (in thousands) Remainder of 2022 ​ $ 557 ​ $ 1 2023 ​ ​ 1,490 ​ ​ 6 2024 ​ ​ 653 ​ ​ 1 2025 ​ ​ 375 ​ ​ - 2026 ​ ​ 381 ​ ​ - Thereafter ​ ​ 1,873 ​ ​ - Total lease payments ​ $ 5,329 ​ $ 8 Less: interest ​ ​ (1,183) ​ ​ - Present value of lease liabilities ​ $ 4,146 ​ $ 8

CHANGES IN BUSINESS (Tables)

CHANGES IN BUSINESS (Tables)	9 Months Ended
	Sep. 30, 2022
Discontinued operations disposed of by sale
Schedule of Financial Information of Disposal Group	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) September 30, 2022 ​ December 31, 2021 Liabilities: ​ ​ ​ ​ ​ ​ Current liabilities of discontinued operations ​ $ 106 ​ $ 316 Liability for pension obligation ​ ​ 2,307 ​ ​ 2,368 Liability for uncertain tax positions ​ ​ 1,206 ​ ​ 1,882 Long-term liabilities of discontinued operations ​ ​ 3,513 ​ ​ 4,250 Total liabilities of discontinued operations ​ $ 3,619 ​ $ 4,566 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 General and administrative expenses ​ $ — ​ $ 5 ​ $ — ​ $ 39 Loss (gain) on disposal - Electrical Solutions ​ ​ — ​ ​ (17) ​ ​ 17 ​ ​ (245) Interest expense ​ ​ 45 ​ ​ 46 ​ ​ 75 ​ ​ 76 Income (loss) from discontinued operations before income tax ​ ​ (45) ​ ​ (34) ​ ​ (92) ​ ​ 130 Income tax expense (benefit) ​ ​ (3) ​ ​ 22 ​ ​ (626) ​ ​ 59 Income (loss) from discontinued operations ​ $ (42) ​ $ (56) ​ $ 534 ​ $ 71

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2022
REVENUE.
Schedule of disaggregation of revenue	Disaggregated revenue by type of contract was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 Cost-plus reimbursement contracts ​ $ 44,237 ​ $ 63,363 ​ $ 138,263 ​ $ 201,027 Fixed-price contracts ​ ​ 12,448 ​ ​ 9,988 ​ ​ 44,040 ​ ​ 24,746 Total ​ $ 56,685 ​ $ 73,351 ​ $ 182,303 ​ $ 225,773 ​ Disaggregated revenue by the geographic area where the work was performed was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 United States ​ $ 56,685 ​ $ 64,379 ​ $ 176,801 ​ $ 197,287 Canada ​ ​ - ​ ​ 8,972 ​ ​ 5,502 ​ ​ 28,486 Total ​ $ 56,685 ​ $ 73,351 ​ $ 182,303 ​ $ 225,773
Costs and estimated earnings in excess of billings or billings in excess of costs and estimated earnings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands) ​ 2022 ​ 2021 ​ 2022 2021 Costs incurred on uncompleted contracts ​ $ 55,936 ​ $ 66,590 ​ $ 173,564 ​ $ 203,561 Earnings recognized on uncompleted contracts ​ ​ 749 ​ ​ 6,761 ​ 8,739 ​ 22,212 Total ​ ​ 56,685 ​ ​ 73,351 ​ ​ 182,303 ​ 225,773 Less—billings to date ​ ​ (50,049) ​ ​ (63,034) ​ ​ (175,667) ​ (215,456) Net ​ $ 6,636 ​ $ 10,317 ​ $ 6,636 ​ $ 10,317 Contract assets ​ $ 10,076 ​ $ 12,811 ​ $ 10,076 ​ $ 12,811 Contract liabilities ​ ​ (3,440) ​ ​ (2,494) ​ ​ (3,440) ​ (2,494) Net ​ $ 6,636 ​ $ 10,317 ​ $ 6,636 ​ $ 10,317
Schedule of transaction price allocated to the remaining performance obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ Remainder of 2022 ​ 2023 ​ 2024 ​ Thereafter ​ Total Remaining performance obligations ​ $ 64,529 ​ $ 122,093 ​ $ 61,135 ​ $ 104,966 ​ $ 352,723

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2022
EARNINGS (LOSS) PER SHARE
Schedule of calculation of basic and diluted earnings per common share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands, except share data) 2022 ​ 2021 ​ 2022 2021 Income (loss) from continuing operations ​ $ 3,610 ​ $ 794 ​ $ (3,728) ​ $ 1,857 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic income (loss) per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ ​ 26,102,308 ​ ​ 25,699,545 ​ ​ 26,009,465 ​ ​ 25,306,130 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic income (loss) per common share ​ $ 0.14 ​ $ 0.03 ​ $ (0.14) ​ $ 0.07 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted income (loss) per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ ​ 26,102,308 ​ ​ 25,699,545 ​ ​ 26,009,465 ​ ​ 25,306,130 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted effect: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unvested portion of restricted stock units and awards ​ ​ 335,373 ​ ​ 807,030 ​ ​ — ​ ​ 791,570 Weighted average diluted common shares outstanding ​ ​ 26,437,681 ​ ​ 26,506,575 ​ 26,009,465 ​ ​ 26,097,700 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted income (loss) per common share ​ $ 0.14 ​ $ 0.03 ​ $ (0.14) ​ $ 0.07
Schedule anti-dilutive potentially outstanding shares were not included in the calculation of diluted earnings (loss) per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 ​ 2021 ​ 2022 2021 Unvested service-based restricted stock and restricted stock unit awards 573,517 ​ 16,666 ​ 229,102 ​ — Unvested performance- and market-based restricted stock unit awards 887,559 ​ 833,111 ​ 887,559 ​ 833,111

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2022
INCOME TAXES
Schedule of effective income tax expense rate for continuing operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 ​ 2021 ​ 2022 2021 Effective income tax rate for continuing operations ​ (8.2)% ​ (0.8)% ​ 5.4% ​ 12.1%

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2022
DEBT
Schedule of debt	​ ​ ​ ​ ​ ​ ​ ​ (in thousands) September 30, 2022 December 31, 2021 Short-term borrowings ​ $ 14,525 ​ $ 676 Term loan, current portion of long-term debt ​ ​ 1,050 ​ ​ 1,050 Current debt ​ $ 15,575 ​ $ 1,726 ​ ​ ​ ​ ​ ​ ​ Term loan, noncurrent portion of long-term debt ​ $ 24,056 ​ $ 32,900 Debt discount ​ ​ (641) ​ ​ (791) Unamortized deferred financing costs ​ ​ (1,606) ​ ​ (1,781) Long-term debt, net ​ $ 21,809 ​ $ 30,328 ​ ​ ​ ​ ​ ​ ​ Total debt, net ​ $ 37,384 ​ $ 32,054
Schedule of deferred financing costs amortized to Interest Expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (in thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 Term loan ​ $ 125 ​ $ 113 ​ $ 350 ​ $ 338 Debt discount on term loan ​ ​ 50 ​ ​ 50 ​ ​ 150 ​ ​ 150 Revolving credit facility ​ ​ 96 ​ ​ 96 ​ ​ 286 ​ ​ 286 Total ​ $ 271 ​ $ 259 ​ $ 786 ​ $ 774
Schedule of unamortized deferred financing costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) Location September 30, 2022 ​ December 31, 2021 Term loan ​ Long-term debt, net ​ $ 1,606 ​ $ 1,781 Debt discount on term loan ​ Long-term debt, net ​ ​ 641 ​ ​ 791 Revolving credit facility ​ Other long-term assets ​ ​ 1,223 ​ ​ 1,509 Total ​ ​ ​ $ 3,470 ​ $ 4,081

OTHER SUPPLEMENTAL INFORMATION

OTHER SUPPLEMENTAL INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2022
OTHER SUPPLEMENTAL INFORMATION
Schedule of other current assets	​ ​ ​ ​ ​ ​ ​ ​ (in thousands) September 30, 2022 December 31, 2021 Unamortized commercial insurance premiums ​ $ 3,674 ​ $ 2,389 Litigation settlement receivable ​ ​ 2,675 ​ ​ — Security deposits - real estate ​ ​ 1,978 ​ ​ 1,978 Prepaid expenses ​ ​ 1,826 ​ ​ 1,136 Sales tax receivable - Canada ​ ​ 6 ​ ​ 4,866 Other current assets ​ ​ 516 ​ ​ 680 Total ​ $ 10,675 ​ $ 11,049
Schedule of other current liabilities	​ ​ ​ ​ ​ ​ ​ ​ (in thousands) September 30, 2022 December 31, 2021 Short-term lease liability ​ $ 1,572 ​ $ 1,606 Accrued job cost ​ ​ 1,318 ​ ​ 2,433 Cloud computing software liability ​ ​ 692 ​ ​ - Stock Compensation ​ ​ 418 ​ ​ 938 Legal fees ​ ​ 245 ​ ​ 113 Sales tax payable - Canada ​ ​ - ​ ​ 5,135 Other current liabilities ​ ​ 385 ​ ​ 792 Total ​ $ 4,630 ​ $ 11,017
Schedule of other long-term assets	​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ September 30, 2022 December 31, 2021 Right-of-use lease assets ​ $ 3,738 ​ $ 1,527 Equity method investment in RCC ​ ​ 1,848 ​ ​ 2,521 Unamortized Debt Issuance Cost ​ ​ 1,223 ​ ​ 1,509 Unamortized cloud computing software ​ ​ 757 ​ ​ — Other long-term assets ​ ​ 166 ​ ​ 155 Total ​ $ 7,732 ​ $ 5,712
Schedule of other long-term liabilities	​ ​ ​ ​ ​ ​ ​ ​ (in thousands) September 30, 2022 December 31, 2021 Long-term lease liability ​ $ 2,582 ​ $ 511 Liability for uncertain tax positions ​ ​ 1,102 ​ ​ 1,136 Other long-term liabilities ​ ​ 756 ​ ​ - Total ​ $ 4,440 ​ $ 1,647

LIQUIDITY (Details)

LIQUIDITY (Details) $ in Millions		3 Months Ended		6 Months Ended
	Oct. 13, 2022 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 item claim
Loss Contingencies [Line Items]
Number of cash receipts | item				2
Number of legal claims settled | claim				2
Term loan
Loss Contingencies [Line Items]
Repayment of debt			$ 8.1
Revolving Credit Facility | Subsequent Event
Loss Contingencies [Line Items]
Repayment of debt	$ 2.7	$ 2.7
Arbitration relating to restatement of financial statements | Other income
Loss Contingencies [Line Items]
Cash collection related to arbitration against third party			8.1
Arbitration relating to restatement of financial statements | Term loan | Other income
Loss Contingencies [Line Items]
Cash collection related to arbitration against third party			8.1
Litigation against former executive and employer | Subsequent Event
Loss Contingencies [Line Items]
Cash collection related to arbitration against third party	2.7
Litigation against former executive and employer | Other income
Loss Contingencies [Line Items]
Cash collection related to arbitration against third party			$ 2.7
Litigation against former executive and employer | Other income | Subsequent Event
Loss Contingencies [Line Items]
Cash collection related to arbitration against third party	$ 2.7

LEASES (Details)

LEASES (Details) - USD ($)		3 Months Ended		9 Months Ended
	Sep. 02, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Lessee, Lease, Description [Line Items]
Leases contain renewal options				true
Lease agreement term	10 years
Lease Liabilities	$ 3,300,000
Lease liability payment due	$ 2,200,000
Sublease income		$ 14,000	$ 5,000	$ 44,000	$ 5,000
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term		1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term		10 years		10 years

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Components of lease expense:
Operating lease cost	$ 549,000	$ 619,000	$ 1,668,000	$ 1,711,000
Short-term lease cost	2,125,000	1,051,000	5,353,000	2,484,000
Sublease income	(14,000)	(5,000)	(44,000)	(5,000)
Total lease cost	$ 2,660,000	$ 1,665,000	$ 6,977,000	$ 4,190,000

LEASES - Right-of use Assets an

LEASES - Right-of use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Right-of-use assets	$ 3,738	$ 1,527
Short-term lease liabilities	1,572	1,606
Long-term lease liabilities	2,582	511
Total lease liabilities	4,154	2,117
Other long-term assets
Right-of-use assets	$ 3,738	$ 1,527
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Other current liabilities
Short-term lease liabilities	$ 1,572	$ 1,606
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Current	Other Liabilities, Current
Other long-term liabilities
Long-term lease liabilities	$ 2,582	$ 511
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

LEASES - Supplemental Informati

LEASES - Supplemental Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
LEASES
Cash paid for amounts included in the measurement of lease liabilities: Operating cash used by operating leases	$ 1,810	$ 1,810
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 3,669	$ 1,549
Weighted-average remaining lease term - operating leases	5 years 4 months 2 days	1 year 5 months 19 days
Weighted-average remaining lease term - finance leases	1 year 5 months 23 days	2 years 5 months 23 days
Weighted-average discount rate - operating leases	9%	9%
Weighted-average discount rate - finance leases	9%	9%

LEASES - Remaining Lease Paymen

LEASES - Remaining Lease Payments (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Operating leases maturities:
Remainder of 2022	$ 557
2023	1,490
2024	653
2025	375
2026	381
Thereafter	1,873
Total lease payments	5,329
Less: interest	(1,183)
Present value of lease liabilities	4,146
Finance leases maturities:
Remainder of 2022	1
2023	6
2024	1
Total lease payments	8
Present value of lease liabilities	$ 8

CHANGES IN BUSINESS - Discontin

CHANGES IN BUSINESS - Discontinued Operation and Disposition (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	May 12, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Jul. 11, 2018
Liabilities:
Current liabilities of discontinued operations		$ 106		$ 106		$ 316
Long-term liabilities of discontinued operations		3,513		3,513		4,250
Income (loss) before income taxes
Interest expense, net		1,485	$ 1,227	3,965	$ 3,733
Income (loss) from discontinued operations before income tax		(45)	(34)	(92)	130
Income tax expense (benefit)		(3)	22	(626)	59
Income (loss) from discontinued operations		(42)	(56)	534	71
Discontinued operations, disposed of by means other than sale | Electrical Solutions | Pension
Liabilities:
Liability for pension obligation							$ 2,900
Decrease in liability for pension obligation	$ 300
Income (loss) before income taxes
Expected Periodic Payment	$ 300
Discontinued operations disposed of by sale
Income (loss) before income taxes
General and administrative expenses			5		39
Interest expense, net		45	46	75	76
Income (loss) from discontinued operations before income tax		(45)	(34)	(92)	130
Income tax expense (benefit)		(3)	22	(626)	59
Income (loss) from discontinued operations		(42)	(56)	534	71
Discontinued operations disposed of by sale | Electrical Solutions And Mechanical Solutions
Assets and liabilities
Assets of discontinued operations		0		0		0
Liabilities:
Current liabilities of discontinued operations		106		106		316
Liability for pension obligation		2,307		2,307		2,368
Liability for uncertain tax positions		1,206		1,206		1,882
Long-term liabilities of discontinued operations		3,513		3,513		4,250
Total liabilities of discontinued operations		$ 3,619		3,619		$ 4,566
Discontinued operations disposed of by sale | Electrical Solutions
Income (loss) before income taxes
Loss (gain) on disposal - Electrical Solutions			$ (17)	$ 17	$ (245)

REVENUE - Disaggregation of rev

REVENUE - Disaggregation of revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of revenue
Revenue	$ 56,685	$ 73,351	$ 182,303	$ 225,773
Variable consideration
Maximum limited warranty term			2 years
U.S.
Disaggregation of revenue
Revenue	56,685	64,379	$ 176,801	197,287
Canada
Disaggregation of revenue
Revenue		8,972	5,502	28,486
Cost-plus reimbursement contracts
Disaggregation of revenue
Revenue	44,237	63,363	138,263	201,027
Fixed-price contracts
Disaggregation of revenue
Revenue	$ 12,448	$ 9,988	$ 44,040	$ 24,746

REVENUE - Contract assets and t

REVENUE - Contract assets and the contract liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Changes in the contract assets and the contract liabilities
Costs incurred on uncompleted contracts	$ 55,936	$ 66,590	$ 173,564	$ 203,561
Earnings recognized on uncompleted contracts	749	6,761	8,739	22,212
Total	56,685	73,351	182,303	225,773
Less - billings to date	(50,049)	(63,034)	(175,667)	(215,456)
Net	6,636	10,317	6,636	10,317
Contract assets	10,076	12,811	10,076	12,811	$ 12,683
Contract liabilities	(3,440)	$ (2,494)	(3,440)	$ (2,494)	$ (3,412)
Revenue recognized from contracts in progress liability balance at September 30, 2022	$ 100		$ 2,200

REVENUE - Remaining Performance

REVENUE - Remaining Performance Obligations (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Transaction price allocated to the remaining performance obligations
Remaining performance obligation	$ 352,723
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Transaction price allocated to the remaining performance obligations
Remaining performance obligation	$ 64,529
Expected timing of satisfaction	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Transaction price allocated to the remaining performance obligations
Remaining performance obligation	$ 122,093
Expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Transaction price allocated to the remaining performance obligations
Remaining performance obligation	$ 61,135
Expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Transaction price allocated to the remaining performance obligations
Remaining performance obligation	$ 104,966
Expected timing of satisfaction	1 year

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
EARNINGS PER SHARE
Common stock, shares outstanding	26,422,761	25,915,502	26,422,761	25,915,502	25,939,621
Net income (basic and diluted):
Income (loss) from continuing operations	$ 3,610	$ 794	$ (3,728)	$ 1,857
Basic income (loss) per common share:
Weighted average common shares outstanding	26,102,308	25,699,545	26,009,465	25,306,130
Basic income (loss) per common share	$ 0.14	$ 0.03	$ (0.14)	$ 0.07
Diluted income (loss) per common share:
Weighted average common shares outstanding	26,102,308	25,699,545	26,009,465	25,306,130
Diluted effect:
Unvested portion of restricted stock units and awards	335,373	807,030		791,570
Weighted average diluted common shares outstanding	26,437,681	26,506,575	26,009,465	26,097,700
Diluted income (loss) per common share	$ 0.14	$ 0.03	$ (0.14)	$ 0.07
Restricted Stock
EARNINGS PER SHARE
Unvested restricted stock included in reportable shares	321,142	215,956	321,142	215,956

EARNINGS (LOSS) PER SHARE - Ant

EARNINGS (LOSS) PER SHARE - Antidilutive (Details) - Restricted Stock - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Service-based Restricted stock unit awards
Anti-dilutive shares	573,517	16,666	229,102
Unvested performance- and market-based restricted stock unit awards
Anti-dilutive shares	887,559	833,111	887,559	833,111

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income tax expense (benefit)	$ (272)	$ (6)	$ (214)	$ 256
Effective income tax rate for continuing operations	(8.20%)	(0.80%)	5.40%	12.10%
Tax expense (benefit) computed at the maximum U.S. statutory rate, as a percent			21%
Increase (decrease) in Income Taxes	$ (300)		$ (500)
Income tax provision partially offset		$ 300		$ 200
Deferred tax liabilities, indefinite-lived intangibles	2,300		2,300
Amount of future financial taxable income needed to realize deferred tax assets	12,400		12,400
Amount of future financial taxable income needed to realize deferred tax assets	287,200	270,400	287,200	270,400
Indefinite lived deferred tax assets attributable to net operating losses	6,800		6,800
Increase (decrease) in indefinite-lived deferred tax assets related to interest expense			3,400
Deferred Federal Employer Payroll Taxes, Coronavirus Aid, Relief and Economic Security Act	4,900		4,900
Long Term Liabilities Of Discontinued Operations And Other Long Term Liabilities
Unrecognized tax benefits	2,300	3,000	2,300	3,000
Accrued interest and penalties related to uncertain income tax positions	1,100		1,100
Long Term Liabilities Of Discontinued Operations And Other Long Term Liabilities | Discontinued Operations
Unrecognized tax benefits	1,200	1,900	1,200	1,900
Accrued interest and penalties related to uncertain income tax positions	500		500
Canada
Foreign tax rate differences, amount		$ (600)		$ (700)
Deferred tax assets accrued	200		200
Undistributed earnings of the foreign subsidiaries	5,100		$ 5,100
US-Canada treaty rate			5%
Deferred tax liability, undistributed foreign earnings	300		$ 300
Deferred income tax liabilities related to indefinite-lived intangibles	$ 300		$ 300

DEBT (Details)

DEBT (Details) - USD ($)		3 Months Ended		9 Months Ended
	Aug. 03, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 16, 2020
Debt
Current portion of term loan		$ 1,050,000		$ 1,050,000		$ 1,050,000
Current debt		15,575,000		15,575,000		1,726,000
Debt discount		(50,000)	$ (50,000)	(150,000)	$ (150,000)
Unamortized deferred financing fees		(3,470,000)		(3,470,000)		(4,081,000)
Long-term debt, net		21,809,000		21,809,000		30,328,000
Total debt, net		37,384,000		37,384,000		32,054,000
Amounts drawn upon letters of credit		0		0
Cash collateral for letters of credit		900,000		900,000
Amortization of deferred financing costs				636,000	623,000
Amortization of deferred financing costs excluding those costs written off upon extinguishment of debt.		271,000	259,000	786,000	774,000
Arbitration relating to restatement of financial statements | Other income
Debt
Net proceeds		8,100,000
Long-term debt, net
Debt
Debt discount		641,000		$ 641,000		791,000
Term Loan Facility
Debt
Default spread on interest rate (as a percent)				2%
Threshold excess cash flow				$ 500,000
Term Loan Facility | Minimum
Debt
Outstanding principal that can be prepaid in whole or in part		1,000,000		1,000,000
Revolving Credit Facility
Debt
Cash collateral for letters of credit		400,000		400,000
Revolving Credit Facility | Minimum
Debt
Required minimum prepayment amount				0
Term loan
Debt
Maximum borrowing capacity							$ 50,000,000
Term loan, periodic principal repayment		300,000
Reduction in term loan		8,400,000
Current portion of term loan		1,050,000		1,050,000		1,050,000
Term loan, noncurrent portion of long-term debt		24,056,000		24,056,000		32,900,000
Debt discount		(641,000)		(641,000)		(791,000)
Unamortized deferred financing fees		(1,606,000)		(1,606,000)		(1,781,000)
Total debt, net		25,100,000		25,100,000		34,000,000
Repayment of debt		8,100,000
Amortization of deferred financing costs excluding those costs written off upon extinguishment of debt.		125,000	113,000	350,000	338,000
Payments of financing costs	$ 200,000
Debt instrument provision percentage	1%
Debt Instrument provision percentage year one	3%
Debt Instrument provision percentage year two	2%
Debt Instrument provision percentage year three	1%
Scheduled maturities of the New Centre Lane Facility
Term loan		24,056,000		$ 24,056,000		32,900,000
Term loan | Arbitration relating to restatement of financial statements | Other income
Debt
Net proceeds		8,100,000
Term loan | If Total Leverage Ratio is Greater Than 3.00
Debt
Interest rate if required threshold leverage ratio is maintained				50%
Term loan | If Total Leverage Ratio is Equal to or Less Than 3.00 and Greater Than 2.00
Debt
Interest rate if required threshold leverage ratio is maintained				25%
Term loan | Minimum
Debt
Threshold total leverage ratio under debt instrument				2.50
Term loan | Minimum | If Total Leverage Ratio is Greater Than 3.00
Debt
Threshold total leverage ratio under debt instrument				3
Term loan | Minimum | If Total Leverage Ratio is Equal to or Less Than 3.00 and Greater Than 2.00
Debt
Threshold total leverage ratio under debt instrument				2
Term loan | Maximum
Debt
Number of days within which obligations must be prepaid subject to thresholds (in days)				120 days
Default spread on interest rate (as a percent)				2.50%
Term loan | Maximum | If Total Leverage Ratio is Equal to or Less Than 3.00 and Greater Than 2.00
Debt
Threshold total leverage ratio under debt instrument				3
Term loan | Long-term debt, net
Debt
Unamortized deferred financing fees		(1,606,000)		$ (1,606,000)		(1,781,000)
Term loan | Base Rate loans
Debt
Interest rate percentage (as a percent)				9%
Term loan | SOFR
Debt
Interest rate percentage (as a percent)				8.50%
Term loan | SOFR | Minimum
Debt
Floor rate (as a percent)				1%
Closing Date Term Loan
Debt
Maximum borrowing capacity							35,000,000
Delayed Draw Term Loan Facility
Debt
Maximum borrowing capacity							15,000,000
Senior Secured Asset-Based Revolving Line Of Credit
Debt
Maximum borrowing capacity							$ 30,000,000
Current debt		14,525,000		$ 14,525,000		676,000
Total liquidity		7,300,000		7,300,000
Closing fee under the line of credit facility				$ 200,000
Unused line fee (as a percent)				0.25%
Collateral monitoring fee				$ 2,500
Early termination fee				2%
Senior Secured Asset-Based Revolving Line Of Credit | If Early Termination Occurs on or Prior to First Anniversary of Closing Date
Debt
Early termination fee				1%
Senior Secured Asset-Based Revolving Line Of Credit | If Early Termination Occurs After First Anniversary of Closing Date
Debt
Fronting fee				0.25%
Senior Secured Asset-Based Revolving Line Of Credit | Other Noncurrent Assets
Debt
Unamortized deferred financing fees		(1,223,000)		$ (1,223,000)		(1,509,000)
Senior Secured Asset-Based Revolving Line Of Credit | Base Rate loans
Debt
Interest rate percentage (as a percent)				1.25%
Senior Secured Asset-Based Revolving Line Of Credit | SOFR
Debt
Interest rate percentage (as a percent)				2.25%
Floor rate (as a percent)				1%
Senior Secured Asset-Based Revolving Line Of Credit | Canadian Dollar Offered Rate
Debt
Floor rate (as a percent)				1%
Default spread on interest rate (as a percent)				2%
Swing Loan Member
Debt
Maximum borrowing capacity		3,000,000		$ 3,000,000
Letters of credit
Debt
Maximum borrowing capacity		2,000,000		2,000,000
Outstanding borrowings		500,000		500,000
Canadian Dollar Loans
Debt
Maximum borrowing capacity		5,000,000		5,000,000
Revolving Credit Facility
Debt
Amortization of deferred financing costs		96,000	$ 96,000	286,000	$ 286,000
Payment Surety Bond
Debt
Outstanding surety bond		$ 65,600,000		$ 65,600,000
Performance Bond
Debt
Outstanding surety bond						$ 67,600,000
Amendment of Revolving Credit Facility
Debt
Payments of financing costs	$ 25,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
COMMITMENTS AND CONTINGENCIES
Employee severance benefits	$ 6.4	$ 6.4
Insurance expense	1.6	4.7
Cash collateral for letters of credit	0.9	0.9
Non-depleting cash collateral	$ 1.5	$ 1.5

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Details) $ / shares in Units, $ in Thousands			3 Months Ended			9 Months Ended
	Jun. 15, 2021 $ / shares shares	May 17, 2021 $ / shares shares	Sep. 30, 2022 USD ($) D item $ / shares shares	Mar. 31, 2022 shares	Sep. 30, 2021 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) D item $ / shares shares	Sep. 30, 2021 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation | $						$ 1,120	$ 2,579
Stock-based compensation expense | $			$ 500		$ 1,100	$ 1,100	$ 2,600
2016 LTI program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price per share | $ / shares			$ 5.50			$ 5.50
Number of consecutive trading days | D			30			30
2017 LTI program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price per share | $ / shares			$ 6			$ 6
Number of consecutive trading days | D			30			30
2018 LTI program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting shares of restricted stock awards						189,640
Stock price per share | $ / shares			$ 5			$ 5
Number of consecutive trading days | D			30			30
2018 LTI program | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price per share | $ / shares			$ 5			$ 5
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested restricted stock included in reportable shares			321,142		215,956	321,142	215,956
Restricted Stock | 2022 LTI & 2015 Plan | Performance Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual performance objective term						3 years
Restricted Stock | 2022 LTI & 2015 Plan | Performance Vesting | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award payouts						50%
Restricted Stock | 2022 LTI & 2015 Plan | Performance Vesting | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award payouts						200%
Restricted Stock | Modification to 2021 LTI | Performance Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative effect of compensation expense reversal | $						$ 300
Adjusted vesting percentage on original cash value						55%
Unrecognized compensation expense related to unvested restricted stock award | $			$ 500			$ 500
Restricted Stock | Modification to 2020 Long-term Incentive Program | Performance Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative effect of compensation expense reversal | $						$ 500
Restricted Stock | 2021 long-term incentive program and 2015 plans | Service-based Restricted stock unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)							307,616
Weighted average grant date fair value | $ / shares					$ 3.48		$ 3.48
Restricted Stock | 2021 long-term incentive program and 2015 plans | Performance Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual performance objective term							3 years
Aggregate cash Value | $							$ 2,200
Restricted Stock | 2021 long-term incentive program and 2015 plans | Performance Vesting | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award payouts						50%	50%
Restricted Stock | 2021 long-term incentive program and 2015 plans | Performance Vesting | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award payouts						200%	200%
Restricted Stock | Outside of 2015 Plan | Performance and Service Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		37,500
Weighted average grant date fair value | $ / shares		$ 5
Restricted Stock | Non-employee director | 2015 Equity Incentive Plan | Service-based Restricted stock unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)						291,894
Weighted average grant date fair value | $ / shares			$ 1.85			$ 1.85
Restricted Stock | Employees | 2022 LTI & 2015 Plan | Service-based Restricted stock unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)						362,356
Weighted average grant date fair value | $ / shares			1.99			$ 1.99
Restricted Stock | Employees | 2022 LTI & 2015 Plan | Performance Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)						724,726
Weighted average grant date fair value | $ / shares			$ 1.99			$ 1.99
Service-based Restricted stock unit awards | 2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	41,666
Weighted average grant date fair value | $ / shares	$ 6.27
Vesting on the date of grant | 2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting shares of restricted stock awards	25,000
Vesting on March 31, 2022 | 2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting shares of restricted stock awards				8,333
Vesting on March 31, 2023 | 2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested restricted stock included in reportable shares	8,333
Cash-based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of cash based awards | item			1			1

OTHER SUPPLEMENTAL INFORMATIO_2

OTHER SUPPLEMENTAL INFORMATION - Other current assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Unamortized commercial insurance premiums	$ 3,674	$ 2,389
Litigation settlement receivable	2,675
Security deposits - real estate	1,978	1,978
Prepaid expenses	1,826	1,136
Other current assets	516	680
Total	10,675	11,049
Canada
Sales tax receivable	$ 6	$ 4,866

OTHER SUPPLEMENTAL INFORMATIO_3

OTHER SUPPLEMENTAL INFORMATION - Other current liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Short-term lease liability	$ 1,572	$ 1,606
Accrued job cost	1,318	2,433
Cloud computing software liability	692
Stock Compensation	418	938
Legal fees	245	113
Other accrued liabilities	385	792
Total	$ 4,630	11,017
Canada
Sales tax payable - Canada		$ 5,135

OTHER SUPPLEMENTAL INFORMATIO_4

OTHER SUPPLEMENTAL INFORMATION - Other long-term assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Right-of-use lease assets	$ 3,738	$ 1,527
Unamortized Debt Issuance Cost	1,223	1,509
Unamortized cloud computing software	757
Other long-term assets	166	155
Total	7,732	5,712
RCC
Equity method investment in RCC	$ 1,848	$ 2,521

OTHER SUPPLEMENTAL INFORMATIO_5

OTHER SUPPLEMENTAL INFORMATION - Other long-term liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
OTHER SUPPLEMENTAL INFORMATION
Long-term lease liability	$ 2,582	$ 511
Liability for uncertain tax positions.	1,102	1,136
Other long-term liabilities	756
Total	$ 4,440	$ 1,647

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Millions		3 Months Ended
	Oct. 13, 2022	Dec. 31, 2022	Sep. 30, 2022
Litigation against former executive and employer | Other income
Subsequent Event [Line Items]
Cash collection related to arbitration against third party			$ 2.7
Subsequent Event | Litigation against former executive and employer
Subsequent Event [Line Items]
Cash collection related to arbitration against third party	$ 2.7
Subsequent Event | Litigation against former executive and employer | Other income
Subsequent Event [Line Items]
Cash collection related to arbitration against third party	2.7
Subsequent Event | Revolving Credit Facility
Subsequent Event [Line Items]
Repayment of debt	$ 2.7	$ 2.7