v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 106,545 $ 89,456
Current restricted cash 54,217 84,991
Accounts receivable – trade, net of allowance for credit losses of $2.7 million and $2.1 million as of March 31, 2026 and December 31, 2025, respectively 126,357 118,383
Contracts in progress 90,854 72,808
Inventories, net 60,735 60,880
Customer contract asset current 10,537 8,268
Other current assets 42,027 35,890
Total current assets 491,272 470,676
Net property, plant and equipment and finance leases 70,839 65,533
Goodwill 52,693 53,097
Intangible assets, net 14,339 15,267
Right-of-use assets 16,595 17,651
Long-term restricted cash 34,071 26,913
Deferred tax assets 931 945
Customer contract asset noncurrent 60,936 0
Other assets 16,169 12,856
Total assets 757,845 662,938
Accounts payable 108,753 69,192
Accrued employee benefits 10,624 4,575
Advance billings on contracts 106,466 111,987
Accrued warranty expense 3,488 3,584
Financing lease liabilities 1,987 1,894
Operating lease liabilities 3,613 3,819
Customer warrants 142,779 8,268
Other accrued liabilities 46,998 32,129
Current senior notes 69,101 83,873
Current borrowings 710 67,373
Total current liabilities 494,519 386,694
Borrowings, net of current portion 56,826 18,865
Senior Notes due 2030 149,269 150,970
Pension and other postretirement benefit liabilities 168,861 176,191
Finance lease liabilities, net of current portion 26,317 26,742
Operating lease liabilities, net of current portion 14,156 15,125
Deferred tax liability 10,579 10,666
Other noncurrent liabilities 9,413 9,226
Total liabilities 929,940 794,479
Stockholders' deficit:    
Preferred Stock, par value $0.01 per share, authorized shares of 20,000; issued and outstanding shares of 7,669 at March 31, 2026 and December 31, 2025 77 77
Common stock, par value $0.01 per share, authorized shares of 500,000; issued and outstanding shares of 135,747 and 130,447 at March 31, 2026 and December 31, 2025, respectively 5,682 5,569
Capital in excess of par value 1,738,493 1,691,412
Treasury stock at cost, 3,204 and 2,690 shares at March 31, 2026 and December 31, 2025, respectively (122,058) (115,886)
Accumulated deficit (1,777,395) (1,696,735)
Accumulated other comprehensive loss (16,894) (15,978)
Total stockholders' deficit (172,095) (131,541)
Total liabilities and stockholders' deficit $ 757,845 $ 662,938