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Tealstone Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
Summary of Fair Value Consideration Transferred | The acquisition-date fair value of the consideration transferred totaled $83.5 million, net of cash acquired, which consisted of the following (amounts in thousands):
Cash, net of cash acquired | $ | 54,861 |
Common stock (1,882,058 shares) | 17,061 |
Promissory notes | 4,436 |
Deferred payments | 7,153 |
Total | $ | 83,511 |
Summary of Preliminary Purchase Price Allocation | The following table summarizes our purchase price allocation at the acquisition closing date (amounts in thousands):
Accounts receivable | $ | 19,876 |
Costs and estimated earnings in excess of billings on uncompleted contracts | 2,944 |
Inventory | 1,218 |
Other current assets | 54 |
Property, plant and equipment | 565 |
Other assets, net | 1 |
Identifiable intangible assets | 46,617 |
Goodwill | 30,411 |
Accounts payable | (16,781 | )
Billings in excess of costs and estimated earnings on uncompleted contracts | (303 | )
Accrued expenses | (823 | )
State income tax payable | (268 | )
Total Consideration | $ | 83,511 |
Summary of Proforma Information | The unaudited pro forma consists of the following (amounts in thousands):
| Years Ended December 31,
| 2017 |  | 2016
Pro forma revenue | $ | 999,467 |  |  | $ | 868,324 |
Pro forma net income attributable to Sterling | $ | 12,401 |  |  | $ | 2,156 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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