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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 4,426,000 $ 22,843,000
Contracts receivable, including retainage 82,112,000 78,896,000
Costs and estimated earnings in excess of billings on uncompleted contracts 26,905,000 33,403,000
Inventories 2,535,000 7,401,000
Receivables from and equity in construction joint ventures 12,930,000 9,153,000
Other current assets 6,013,000 5,278,000
Total current assets 134,921,000 156,974,000
Property and equipment, net 73,475,000 87,098,000
Goodwill 54,820,000 54,820,000
Other assets, net 4,068,000 7,559,000
Total assets 267,284,000 306,451,000
Current liabilities:    
Accounts payable 58,959,000 66,792,000
Billings in excess of costs and estimated earnings on uncompleted contracts 30,556,000 25,649,000
Current maturities of long-term debt 5,192,000 965,000
Income taxes payable 67,000 1,868,000
Accrued compensation 5,977,000 5,169,000
Other current liabilities 3,896,000 4,207,000
Total current liabilities 104,647,000 104,650,000
Long-term liabilities:    
Long-term debt, net of current maturities 16,107,000 37,021,000
Members’ interest subject to mandatory redemption and undistributed earnings 50,438,000 22,879,000
Other long-term liabilities 338,000 753,000
Total long-term liabilities $ 66,883,000 $ 60,653,000
Commitments and contingencies (Note 11)
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, 19,753,170 and 18,802,679 shares issued 198,000 188,000
Additional paid in capital 188,147,000 205,697,000
Retained deficit (92,500,000) (72,098,000)
Accumulated other comprehensive loss   (101,000)
Total Sterling common stockholders’ equity 95,845,000 133,686,000
Noncontrolling interests (91,000) 7,462,000
Total equity 95,754,000 141,148,000
Total liabilities and equity $ 267,284,000 $ 306,451,000