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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 55,462 $ 83,953
Receivables, including retainage 140,877 133,931
Costs and estimated earnings in excess of billings on uncompleted contracts 40,013 37,112
Inventories 1,863 4,621
Receivables from and equity in construction joint ventures 12,485 11,380
Other current assets 6,479 7,529
Total current assets 257,179 278,526
Property and equipment, net 52,142 54,406
Goodwill 85,231 85,231
Intangibles, net 44,218 44,818
Other assets, net 265 317
Total assets 439,035 463,298
Current liabilities:    
Accounts payable 85,123 97,457
Billings in excess of costs and estimated earnings on uncompleted contracts 54,689 62,374
Current maturities of long-term debt 1,057 3,978
Income taxes payable 63 81
Accrued compensation 9,011 9,054
Other current liabilities 8,519 9,348
Total current liabilities 158,462 182,292
Long-term liabilities:    
Long-term debt, net of current maturities 85,106 86,160
Members' interest subject to mandatory redemption and undistributed earnings 43,923 47,386
Other long-term liabilities 1,252 1,271
Total long-term liabilities 130,281 134,817
Commitments and contingencies (Note 9)
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 shares authorized, 27,034,575 and 27,051,468 shares issued 270 271
Additional paid in capital 231,607 231,183
Retained deficit (87,632) (90,121)
Total Sterling common stockholders’ equity 144,245 141,333
Noncontrolling interests 6,047 4,856
Total equity 150,292 146,189
Total liabilities and equity $ 439,035 $ 463,298