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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 10,267 $ 49,441
Short-term investments 60,503 35,752
Contracts receivable, including retainage 77,635 70,301
Costs and estimated earnings in excess of billings on uncompleted contracts 19,440 10,058
Inventories 1,730 1,479
Income tax receivable 1,131 0
Deferred tax asset, net 100 82
Receivables from and equity in construction joint ventures 5,910 6,744
Deposits and other current assets 2,005 2,472
Total current assets 178,721 176,329
Property and equipment, net 81,102 74,681
Goodwill 114,745 114,745
Other assets, net 1,320 1,376
Total assets 375,888 367,131
Current liabilities:    
Accounts payable 35,449 35,432
Billings in excess of costs and estimated earnings on uncompleted contracts 19,024 17,807
Current maturities of long-term debt 73 73
Income taxes payable 241 1,493
Accrued compensation 7,180 6,920
Other current liabilities 10,737 7,326
Total current liabilities 72,704 69,051
Long-term liabilities:    
Long-term debt, net of current maturities 299 336
Deferred tax liability, net 20,442 18,591
Other long-term liabilities 177 0
Total long-term liabilities 20,918 18,927
Commitments and contingencies    
Noncontrolling owners' interests in subsidiaries and joint ventures 28,903 28,724
Stockholders' equity:    
Preferred stock, par value $0.01 per share; 1,000,000 shares authorized, none issued 0 0
Common stock, par value $0.01 per share; 19,000,000 shares authorized, 16,546,914 and 16,468,369 shares issued 165 164
Treasury stock, 104,368 and 3,147 shares of common stock (1,362) 0
Additional paid in capital 198,749 198,849
Retained earnings 55,808 51,553
Accumulated other comprehensive income (loss) 3 (137)
Total Sterling common stockholders' equity 253,363 250,429
Total liabilities and stockholders' equity $ 375,888 $ 367,131