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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 42,635 $ 4,426
Contracts receivable, including retainage 106,595 82,112
Costs and estimated earnings in excess of billings on uncompleted contracts 35,391 26,905
Inventories 3,725 2,535
Sterling’s receivables from and equity in construction joint ventures 7,365 12,930
Other current assets 5,428 6,013
Total current assets 201,139 134,921
Property and equipment, net 72,035 73,475
Goodwill 54,820 54,820
Other assets, net 2,968 2,949
Total assets 330,962 266,165
Current liabilities:    
Accounts payable 79,853 58,959
Billings in excess of costs and estimated earnings on uncompleted contracts 56,914 30,556
Current maturities of long-term debt 4,854 4,856
Income taxes payable 27 67
Accrued compensation 10,855 5,977
Other current liabilities 4,869 3,896
Total current liabilities 157,372 104,311
Long-term liabilities:    
Long-term debt, net of current maturities 13,044 15,324
Member’s interest subject to mandatory redemption and undistributed earnings 49,260 50,438
Other long-term liabilities 389 338
Total long-term liabilities 62,693 66,100
Sterling stockholders’ equity:    
Preferred stock, par value $0.01 per share; 1,000,000 shares authorized, none issued
Common stock, par value $0.01 per share; 28,000,000 shares authorized, 25,002,964 and 19,753,170 shares issued 250 198
Additional paid in capital 208,031 188,147
Retained deficit (97,805) (92,500)
Total Sterling common stockholders’ equity 110,476 95,845
Noncontrolling interests 421 (91)
Total equity 110,897 95,754
Total liabilities and equity $ 330,962 $ 266,165