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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 66,585 $ 83,953
Receivables, including retainage 164,465 133,931
Costs and estimated earnings in excess of billings on uncompleted contracts 36,388 37,112
Inventories 1,613 4,621
Receivables from and equity in construction joint ventures 11,766 11,380
Other current assets 9,066 7,529
Total current assets 289,883 278,526
Property and equipment, net 51,726 54,406
Goodwill 85,231 85,231
Intangibles, net 43,618 44,818
Other assets, net 227 317
Total assets 470,685 463,298
Current liabilities:    
Accounts payable 96,384 97,457
Billings in excess of costs and estimated earnings on uncompleted contracts 58,304 62,374
Current maturities of long-term debt 826 3,978
Income taxes payable 88 81
Accrued compensation 13,096 9,054
Other current liabilities 7,063 9,348
Total current liabilities 175,761 182,292
Long-term liabilities:    
Long-term debt, net of current maturities 85,749 86,160
Members' interest subject to mandatory redemption and undistributed earnings 47,837 47,386
Other long-term liabilities 1,246 1,271
Total long-term liabilities 134,832 134,817
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, 27,064,428 and 27,051,468 shares issued 271 271
Additional Paid in Capital 232,265 231,183
Retained Earnings (Accumulated Deficit) (79,458) (90,121)
Total Sterling common stockholders’ equity 153,078 141,333
Total equity 160,092 146,189
Total liabilities and equity $ 470,685 $ 463,298