XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenues $ 291,266 $ 304,219 $ 782,492 $ 704,047
Cost of revenues (259,735) (273,588) (698,975) (638,924)
Gross profit 31,531 30,631 83,517 65,123
General and administrative expenses (11,707) (13,129) (38,356) (36,545)
Other operating expense, net (5,452) (4,863) (11,960) (9,371)
Operating income 14,372 12,639 33,201 19,207
Interest income 274 107 604 192
Interest expense (3,067) (3,576) (9,265) (6,672)
Loss on extinguishment of debt 0 0 0 (755)
Income before income taxes and noncontrolling interests in earnings 11,579 9,170 24,540 11,972
Current income tax expense (1,413) (344) (1,551) (469)
Net income 10,166 8,826 22,989 11,503
Noncontrolling interests in earnings (1,251) (1,694) (3,409) (2,966)
Net income attributable to Sterling common stockholders $ 8,915 $ 7,132 $ 19,580 $ 8,537
Net income per share attributable to Sterling common stockholders:        
Basic (USD per share) $ 0.33 $ 0.27 $ 0.73 $ 0.33
Diluted (USD per share) $ 0.33 $ 0.26 $ 0.72 $ 0.33
Weighted average number of common shares outstanding used in computing per share amounts:        
Basic (in shares) 26,908 26,486 26,893 25,787
Diluted (in shares) 27,295 26,920 27,174 26,260