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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 76,530 $ 94,095
Accounts receivable, including retainage 160,512 145,026
Costs and estimated earnings in excess of billings 67,602 41,542
Inventory 2,386 3,159
Receivables from and equity in construction joint ventures 14,651 10,720
Other current assets 11,065 8,074
Total current assets 332,746 302,616
Property and equipment, net 48,584 51,999
Operating lease right-of-use assets 14,589  
Goodwill 85,231 85,231
Other intangibles, net 40,617 42,418
Other non-current assets, net 202 309
Total assets 521,969 482,573
Current liabilities:    
Accounts payable 110,624 99,426
Billings in excess of costs and estimated earnings 61,533 62,407
Current maturities of long-term debt 12,238 2,899
Current portion of long-term lease obligations 7,492  
Income taxes payable 214 318
Accrued compensation 14,576 9,448
Other current liabilities 6,982 4,676
Total current liabilities 213,659 179,174
Long-term debt 62,489 79,117
Long-term lease obligations 7,191  
Members’ interest subject to mandatory redemption and undistributed earnings 51,272 49,343
Deferred taxes 3,011 1,450
Other long-term liabilities 1,088 1,229
Total liabilities 338,710 310,313
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.01 per share; 1,000 shares authorized, none issued 0 0
Common stock, par value $0.01 per share; 38,000 shares authorized, 27,049 and 27,064 shares issued, 26,476 and 26,597 shares outstanding 271 271
Additional paid in capital 234,309 233,795
Treasury Stock, at cost: 573 and 467 shares (6,581) (4,731)
Retained deficit (47,334) (64,934)
Total Sterling stockholders’ equity 180,665 164,401
Noncontrolling interests 2,594 7,859
Total stockholders’ equity 183,259 172,260
Total liabilities and stockholders’ equity $ 521,969 $ 482,573