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Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information (Unaudited) [Abstract]

Quarterly Financial Information (Unaudited)

18.  Quarterly Financial Information (amounts in thousands, except per share data)

		2011 Quarters Ended (unaudited)
		March 31				June 30				September 30				December 31				Total
Revenues		$	99,242			$	128,498			$	159,427			$	113,989			$	501,156
Gross profit			7,599				13,582				14,756				3,900				39,837
Income (loss) before income taxes and earnings attributable to noncontrolling interests			1,648				7,437				7,925				(68,726	)			(51,716	)
Net income (loss) attributable to Sterling common stockholders			44				4,211				3,461				(43,616	)			(35,900	)
Net income (loss) per share attributable to Sterling common stockholders:
Basic		$	$0.00			$	0.26			$	0.21			$	(2.72	)		$	(2.24	)
Diluted		$	0.00				0.25				0.21				(2.72	)			(2.24	)

		2010 Quarters Ended (unaudited)
		March 31				June 30				September 30				December 31				Total
Revenues		$	86,157			$	116,865			$	118,874			$	137,997			$	459,893
Gross profit			8,249				12,707				12,998				28,751				62,705
Income before income taxes and earnings attributable to noncontrolling interests			3,138				8,113				6,545				18,698				36,494
Net income per share attributable to Sterling common stockholders			1,552				4,667				3,496				9,372				19,087
Net income per share attributable to Sterling common stockholders per share:
Basic		$	$0.10			$	0.29			$	0.21			$	0.55			$	1.15
Diluted		$	0.09				0.29				0.21				0.54				1.13

During the fourth quarter of 2011, the Company completed an evaluation of the carrying value of goodwill resulting in an impairment charge of $67.0 million.  This charge had an impact of $41.8 million on the net loss attributable to Sterling common stockholders (net of the related tax benefits and reduced for the amount attributable to noncontrolling interest owners) or $2.55 per diluted share attributable to Sterling common stockholders. During the fourth quarter of 2011, changes in estimated revenues and gross margin resulted in a net charge of $5.9 million included in the operating loss and a $4.2 million after-tax charge, or $0.26 per diluted share attributable to Sterling common stockholders, included in the net loss attributable to Sterling common stockholders.

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The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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