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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 94,095 $ 83,953
Receivables, including retainage 145,026 133,931
Costs and estimated earnings in excess of billings on uncompleted contracts 41,542 37,112
Inventories 3,159 4,621
Sterling’s receivables from and equity in construction joint ventures 10,720 11,380
Other current assets 8,074 7,529
Total current assets 302,616 278,526
Property and equipment, net 51,999 54,406
Goodwill 85,231 85,231
Intangibles, net 42,418 44,818
Other assets, net 309 317
Total assets 482,573 463,298
Current liabilities:    
Accounts payable 99,426 97,457
Billings in excess of costs and estimated earnings on uncompleted contracts 62,407 62,374
Current maturities of long-term debt 2,899 3,978
Income taxes payable 318 81
Accrued compensation 9,448 9,054
Other current liabilities 4,676 9,348
Total current liabilities 179,174 182,292
Long-term liabilities:    
Long-term debt, net of current maturities 79,117 86,160
Members’ interest subject to mandatory redemption and undistributed earnings 49,343 47,386
Deferred taxes 1,450 0
Other long-term liabilities 1,229 1,271
Total long-term liabilities 131,139 134,817
Commitments and Contingencies
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, 27,063,974 and 27,051,468 shares issued 271 271
Additional paid in capital 233,795 231,183
Treasury Stock at cost, 466,519 shares at December 31, 2018 (4,731) 0
Retained deficit (64,934) (90,121)
Total Sterling common stockholders’ equity 164,401 141,333
Noncontrolling interests 7,859 4,856
Total equity 172,260 146,189
Total liabilities and equity $ 482,573 $ 463,298