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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 89,336 $ 83,953
Receivables, including retainage 160,247 133,931
Costs and estimated earnings in excess of billings on uncompleted contracts 40,275 37,112
Inventories 3,140 4,621
Receivables from and equity in construction joint ventures 11,521 11,380
Other current assets 8,857 7,529
Total current assets 313,376 278,526
Property and equipment, net 52,196 54,406
Goodwill 85,231 85,231
Intangibles, net 43,018 44,818
Other assets, net 343 317
Total assets 494,164 463,298
Current liabilities:    
Accounts payable 106,271 97,457
Billings in excess of costs and estimated earnings on uncompleted contracts 63,964 62,374
Current maturities of long-term debt 3,014 3,978
Income taxes payable 279 81
Accrued compensation 14,866 9,054
Other current liabilities 6,275 9,348
Total current liabilities 194,669 182,292
Long-term liabilities:    
Long-term debt, net of current maturities 78,424 86,160
Members' interest subject to mandatory redemption and undistributed earnings 48,844 47,386
Deferred taxes 1,299 0
Other long-term liabilities 1,230 1,271
Total long-term liabilities 129,797 134,817
Commitments and contingencies (Note 10)
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, 27,068,353 and 27,051,468 shares issued 271 271
Additional paid in capital 233,056 231,183
Retained deficit (70,544) (90,121)
Total Sterling common stockholders’ equity 162,783 141,333
Noncontrolling interests 6,915 4,856
Total equity 169,698 146,189
Total liabilities and equity $ 494,164 $ 463,298