XML 27 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenues $ 291,699 $ 291,266 $ 779,734 $ 782,492
Cost of revenues (262,483) (259,987) (705,519) (700,333)
Gross profit 29,216 31,279 74,215 82,159
General and administrative expense (10,839) (11,455) (34,102) (36,998)
Acquisition related costs (1,896) 0 (2,158) 0
Other operating expense, net (4,366) (5,451) (9,936) (11,960)
Operating income 12,115 14,373 28,019 33,201
Interest income 331 274 986 604
Interest expense (3,024) (3,066) (8,988) (9,265)
Income before income taxes 9,422 11,581 20,017 24,540
Income tax expense (913) (1,413) (1,782) (1,551)
Net income 8,509 10,168 18,235 22,989
Less: Net income attributable to noncontrolling interests (552) (1,251) (635) (3,409)
Net income attributable to Sterling common stockholders $ 7,957 $ 8,917 $ 17,600 $ 19,580
Net income per share attributable to Sterling common stockholders:        
Basic (in dollars per share) $ 0.30 $ 0.33 $ 0.67 $ 0.73
Diluted (in dollars per share) $ 0.30 $ 0.33 $ 0.66 $ 0.72
Weighted average common shares outstanding:        
Basic (in shares) 26,365 26,908 26,359 26,893
Diluted (in shares) 26,637 27,295 26,661 27,174