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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 42,785 $ 4,426
Contracts receivable, including retainage 84,132 82,112
Costs and estimated earnings in excess of billings on uncompleted contracts 32,705 26,905
Inventories 3,708 2,535
Receivables from and equity in construction joint ventures 7,130 12,930
Other current assets 5,448 6,013
Total current assets 175,908 134,921
Property and equipment, net 68,127 73,475
Goodwill 54,820 54,820
Other assets, net 2,968 2,949
Total assets 301,823 266,165
Current liabilities:    
Accounts payable 67,097 58,959
Billings in excess of costs and estimated earnings on uncompleted contracts 64,100 30,556
Current maturities of long-term debt 3,845 4,856
Income taxes payable 78 67
Accrued compensation 5,322 5,977
Other current liabilities 6,150 3,896
Total current liabilities 146,592 104,311
Long-term liabilities:    
Long-term debt, net of current maturities 1,549 15,324
Members’ interest subject to mandatory redemption and undistributed earnings 45,230 50,438
Other long-term liabilities 362 338
Total long-term liabilities 47,141 66,100
Commitments and contingencies (Note 11)
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, 24,987,306 and 19,753,170 shares issued 250 198
Additional paid in capital 208,922 188,147
Retained deficit (101,738) (92,500)
Total Sterling common stockholders’ equity 107,434 95,845
Noncontrolling interests 656 (91)
Total equity 108,090 95,754
Total liabilities and equity $ 301,823 $ 266,165