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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 37,147 $ 42,785
Contracts receivable, including retainage 91,089 84,132
Costs and estimated earnings in excess of billings on uncompleted contracts 34,475 32,705
Inventories 3,757 3,708
Receivables from and equity in construction joint ventures 7,890 7,130
Other current assets 6,609 5,448
Total current assets 180,967 175,908
Property and equipment, net 65,821 68,127
Goodwill 54,820 54,820
Other assets, net 2,968 2,968
Total assets 304,576 301,823
Current liabilities:    
Accounts payable 71,448 67,097
Billings in excess of costs and estimated earnings on uncompleted contracts 62,656 64,100
Current maturities of long-term debt 2,939 3,845
Income taxes payable 105 78
Accrued compensation 7,885 5,322
Other current liabilities 6,745 6,150
Total current liabilities 151,778 146,592
Long-term liabilities:    
Long-term debt, net of current maturities 1,358 1,549
Members’ interest subject to mandatory redemption and undistributed earnings 44,183 45,230
Other long-term liabilities 419 362
Total long-term liabilities 45,960 47,141
Commitments and contingencies (Note 8)
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, 25,050,501 and 24,987,306 shares issued 251 250
Additional paid in capital 209,555 208,922
Retained deficit (103,995) (101,738)
Total Sterling common stockholders’ equity 105,811 107,434
Noncontrolling interests 1,027 656
Total equity 106,838 108,090
Total liabilities and equity $ 304,576 $ 301,823