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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 11,488,000 $ 22,843,000
Contracts receivable, including retainage 99,666,000 78,896,000
Costs and estimated earnings in excess of billings on uncompleted contracts 23,287,000 33,403,000
Inventories 2,580,000 7,401,000
Sterling’s receivables from and equity in construction joint ventures 11,089,000 9,153,000
Other current assets 9,044,000 5,278,000
Total current assets 157,154,000 156,974,000
Property and equipment, net 74,550,000 87,098,000
Goodwill 54,820,000 54,820,000
Other assets, net 4,150,000 7,559,000
Total assets 290,674,000 306,451,000
Current liabilities:    
Accounts payable 59,502,000 66,792,000
Billings in excess of costs and estimated earnings on uncompleted contracts 33,049,000 25,649,000
Current maturities of long-term debt 5,171,000 965,000
Income taxes payable 48,000 1,868,000
Accrued compensation 12,600,000 5,169,000
Other current liabilities 5,222,000 4,207,000
Total current liabilities 115,592,000 104,650,000
Long-term liabilities:    
Long-term debt, net of current maturities 30,509,000 37,021,000
Member’s interest subject to mandatory redemption and undistributed earnings 21,778,000 22,879,000
Other long-term liabilities 328,000 753,000
Total long-term liabilities 52,615,000 60,653,000
Sterling 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; 28,000,000 shares authorized, 19,627,487 and 18,802,679 shares issued 196,000 188,000
Additional paid in capital 206,639,000 205,697,000
Retained deficit $ (91,376,000) (72,098,000)
Accumulated other comprehensive loss (101,000)
Total Sterling common stockholders’ equity $ 115,459,000 133,686,000
Noncontrolling interests 7,008,000 7,462,000
Total equity 122,467,000 141,148,000
Total liabilities and equity $ 290,674,000 $ 306,451,000