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8-K/A Filing
Englobal (ENGC) 8-K/AEntry into a Material Definitive Agreement
Filed: 6 Sep 13, 12:00am
For the Six Months Ended June 29, 2013 | ||||
Operating revenues | $ | 40,851 | ||
Operating costs | 34,886 | |||
Gross profit | 5,965 | |||
Selling, general and administrative expenses | 10,475 | |||
Operating loss | (4,510 | ) | ||
Other income (expense): | ||||
Gain on sale of assets | 1,061 | |||
Other income (expense), net | 211 | |||
Interest expense, net | (1,036 | ) | ||
Loss from continuing operations before income taxes | (4,274 | ) | ||
Provision (benefit) for federal and state income taxes | 192 | |||
Loss from continuing operations | (4,466 | ) | ||
Income (loss) from discontinued operations, net of taxes | 5,878 | |||
Net income (loss) | $ | 1,412 |
ASSETS | June 29, 2013 | |||
Current Assets: | ||||
Cash, restricted cash and cash equivalents | $ | 1,916 | ||
Trade receivables, net | 19,983 | |||
Notes receivable | 1,420 | |||
Prepaid expenses and other current assets | 656 | |||
Costs and estimated earnings in excess of billings on uncompleted contracts | 1,861 | |||
Total Current Assets | $ | 25,836 | ||
Property and equipment, net | 1,394 | |||
Goodwill and other intangible assets | 4,165 | |||
Long-term trade, notes receivable and other, net | 7,567 | |||
Other assets, net | 668 | |||
Total Assets | $ | 39,130 | ||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||
Current Liabilities: | ||||
Accounts payable, accrued and other current liabilities | $ | 5,688 | ||
Accrued compensation and benefits | 1,682 | |||
Deferred rent | 477 | |||
Billings in excess of costs and estimated earnings on uncompleted contracts | 3,318 | |||
Other current liabilities | 1,167 | |||
Total Current Liabilities | $ | 12,332 | ||
Stockholders' Equity: | ||||
Common stock - | $ | 28 | ||
Additional paid-in capital | 38,570 | |||
Accumulated deficit | (9,368 | ) | ||
Treasury stock at cost | (2,362 | ) | ||
Accumulated other comprehensive loss | (70 | ) | ||
Total Stockholders' Equity | $ | 26,798 | ||
Total Liabilities and Stockholders' Equity | $ | 39,130 |