XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenues $ 268,734 $ 246,412 $ 491,226 $ 399,828
Cost of revenues (237,269) (221,207) (439,240) (365,336)
Gross profit 31,465 25,205 51,986 34,492
General and administrative expenses (13,622) (12,812) (26,649) (23,416)
Other operating expense, net (5,693) (4,037) (6,509) (4,508)
Operating income 12,150 8,356 18,828 6,568
Interest income 201 44 330 85
Interest expense (3,111) (2,984) (6,199) (3,096)
Loss on extinguishment of debt 0 (755) 0 (755)
Income before income taxes and noncontrolling interests in earnings 9,240 4,661 12,959 2,802
Income tax expense (98) (98) (138) (125)
Net income 9,142 4,563 12,821 2,677
Noncontrolling interests in earnings (966) (901) (2,158) (1,272)
Net income attributable to Sterling common stockholders $ 8,176 $ 3,662 $ 10,663 $ 1,405
Net income per share attributable to Sterling common stockholders:        
Basic (USD per share) $ 0.30 $ 0.14 $ 0.40 $ 0.05
Diluted (USD per share) $ 0.30 $ 0.13 $ 0.39 $ 0.05
Weighted average number of common shares outstanding used in computing per share amounts:        
Basic (in shares) 26,887 26,978 26,881 25,972
Diluted (in shares) 27,125 27,336 27,162 26,409