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Segment Information | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Segment Information |
14. | Segment Information
Due to the April 3, 2017 acquisition of Tealstone, the Company reviewed its reportable segments, operating segments and reporting units. Based on Sterling's review, the Company concluded that their operations consist of two reportable segments, two operating segments and two reporting unit components: heavy civil construction and residential construction. Segment reporting is aligned based upon the services offered by two operating groups, which represent the following reportable segments: heavy civil construction and residential construction. Sterling's Chief Operating Decision Maker (“CODM”) evaluates the performance of the aforementioned operating groups based upon revenue and income from operations. Each operating group’s income from operations reflects corporate costs, allocated based primarily upon revenue. The following table presents total revenue and income from operations by reportable segment for the three and nine months ended September 30, 2018 and 2017 (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Revenue |  |  |  |  |  |  |  |  |  |  |
Heavy Civil Construction | $ | 254,544 |  |  | $ | 263,278 |  |  | $ | 665,068 |  |  | $ | 625,887 |
Residential Construction | 36,722 |  |  | 40,941 |  |  | 117,424 |  |  | 78,160 |
Total Revenue | $ | 291,266 |  |  | $ | 304,219 |  |  | $ | 782,492 |  |  | $ | 704,047 |
Operating Income |  |  |  |  |  |  |  |  |  |  |
Heavy Civil Construction | $ | 9,191 |  |  | $ | 6,960 |  |  | $ | 17,488 |  |  | $ | 8,627 |
Residential Construction | 5,181 |  |  | 5,679 |  |  | 15,713 |  |  | 10,580 |
Total Operating Income | $ | 14,372 |  |  | $ | 12,639 |  |  | $ | 33,201 |  |  | $ | 19,207 |
The following table presents total assets by reportable segment at September 30, 2018 and December 31, 2017 (in thousands):
| September 30, 2018 |  | December 31, 2017
Assets |  |  |
Heavy Civil Construction | $ | 363,058 |  |  | $ | 354,090 |
Residential Construction | 131,106 |  |  | 109,208 |
Total Assets | $ | 494,164 |  |  | $ | 463,298 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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