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Tealstone Acquisition (Tables)
 9 Months Ended
Sep. 30, 2017
Business Combinations [Abstract]  
Summary of Fair Value Consideration Transferred
Fair value of consideration transferred (amounts in thousands): 
Cash
$
55,000

Common stock (1,882,058 shares)
17,061

Promissory notes
4,436

Deferred payments
7,153

Total
$
83,650
Summary of Preliminary Goodwill Additions
The following table summarizes our preliminary goodwill addition (in thousands): 
Balance at January 1, 2017
$
54,820

Additional goodwill related to acquisition
30,457

Balance at September 30, 2017
$
85,277
Summary of Preliminary Purchase Price Allocation
The following table summarizes our preliminary purchase price allocation at the acquisition closing date (in thousands): 
Cash
$
139

Accounts receivable
19,876

Costs and estimated earnings in excess of billings on uncompleted contracts
2,944

Inventory
1,218

Other current assets
54

Property, plant and equipment
565

Other assets, net
1

Identifiable intangible assets and Goodwill
77,028

Accounts payable
(16,781
)
Billings in excess of costs and estimated earnings on uncompleted contracts
(303
)
Accrued expenses
(823
)
State income tax payable
(268
)
Total Consideration
$
83,650
Summary of Proforma Information
The pro forma consists of the following (amounts in thousands):
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2017
 
2016
 
2017
 
2016
Pro forma revenue
 
$
304,219

 
$
255,002

 
$
749,176

 
$
657,773

Pro forma net income attributable to Sterling
 
$
7,132

 
$
4,659

 
$
8,848

 
$
7,705