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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 60,058,000 $ 42,785,000
Contracts receivable, including retainage 137,913,000 84,132,000
Costs and estimated earnings in excess of billings on uncompleted contracts 40,588,000 32,705,000
Inventories 3,521,000 3,708,000
Receivables from and equity in construction joint ventures 7,463,000 7,130,000
Other current assets 11,206,000 5,448,000
Total current assets 260,749,000 175,908,000
Property and equipment, net 61,275,000 68,127,000
Goodwill 90,971,000 54,820,000
Intangibles 39,490,000
Other assets, net 2,968,000 2,968,000
Total assets 455,453,000 301,823,000
Current liabilities:    
Accounts payable 89,468,000 67,097,000
Billings in excess of costs and estimated earnings on uncompleted contracts 76,916,000 64,100,000
Current maturities of long-term debt 1,039,000 3,845,000
Income taxes payable 179,000 78,000
Accrued compensation 12,022,000 5,322,000
Other current liabilities 7,699,000 6,150,000
Total current liabilities 187,323,000 146,592,000
Long-term liabilities:    
Long-term debt, net of current maturities 88,125,000 1,549,000
Member’s interest subject to mandatory redemption and undistributed earnings 46,346,000 45,230,000
Other long-term liabilities 473,000 362,000
Total long-term liabilities 134,944,000 47,141,000
Commitments and contingencies (Note 9)
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, 27,027,542 and 24,987,306 shares issued 270,000 250,000
Additional paid in capital 231,321,000 208,922,000
Retained deficit (100,333,000) (101,738,000)
Total Sterling common stockholders’ equity 131,258,000 107,434,000
Noncontrolling interests 1,928,000 656,000
Total equity 133,186,000 108,090,000
Total liabilities and equity $ 455,453,000 $ 301,823,000