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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 83,953 $ 42,785
Receivables, including retainage 133,931 84,132
Costs and estimated earnings in excess of billings on uncompleted contracts 37,112 32,705
Inventories 4,621 3,708
Receivables from and equity in construction joint ventures 11,380 7,130
Other current assets 7,529 5,448
Total current assets 278,526 175,908
Property and equipment, net 54,406 68,127
Goodwill 85,231 54,820
Intangibles, net 44,818 0
Other assets, net 317 2,968
Total assets 463,298 301,823
Current liabilities:    
Accounts payable 97,457 67,097
Billings in excess of costs and estimated earnings on uncompleted contracts 62,374 64,100
Current maturities of long-term debt 3,978 3,845
Income taxes payable 81 78
Accrued compensation 9,054 5,322
Other current liabilities 9,348 6,150
Total current liabilities 182,292 146,592
Long-term liabilities:    
Long-term debt, net of current maturities 86,160 1,549
Members’ interest subject to mandatory redemption and undistributed earnings 47,386 45,230
Other long-term liabilities 1,271 362
Total long-term liabilities 134,817 47,141
Commitments and contingencies (Note 11)
Sterling stockholders’ equity:    
Preferred stock, par value $0.01 per share; 1,000,000 shares authorized, none issued 0 0
Common stock, par value $0.01 per share; 38,000,000 and 28,000,000 shares authorized, 27,051,468 and 24,987,306 shares issued 271 250
Additional paid in capital 231,183 208,922
Retained deficit (90,121) (101,738)
Total Sterling common stockholders’ equity 141,333 107,434
Noncontrolling interests 4,856 656
Total equity 146,189 108,090
Total liabilities and equity $ 463,298 $ 301,823