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Quarterly Financial Information (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The following table summarizes the unaudited quarterly results of operations for 2019 and 2018:
 
2019 Quarters Ended (unaudited)
 
March 31
 
June 30
 
September 30
 
December 31
Revenues
$
223,949

 
$
264,086

 
$
291,699

 
$
346,544

Gross profit
19,503

 
25,496

 
29,216

 
33,579

Income (loss) before income taxes
2,024

 
8,571

 
9,422

 
(5,538
)
Net income attributable to Sterling common stockholders
$
1,815

 
$
7,828

 
$
7,957

 
$
22,301

Net income per share attributable to Sterling common stockholders:
 
 
 
 
 
 
 
Basic
$
0.07

 
$
0.30

 
$
0.30

 
$
0.81

Diluted
$
0.07

 
$
0.29

 
$
0.30

 
$
0.79


 
2018 Quarters Ended (unaudited)
 
March 31
 
June 30
 
September 30
 
December 31
Revenues
$
222,492

 
$
268,734

 
$
291,266

 
$
255,175

Gross profit
$
19,834

 
$
31,046

 
$
31,279

 
$
28,173

Income before income taxes
$
3,721

 
$
9,238

 
$
11,581

 
$
6,738

Net income attributable to Sterling common stockholders
$
2,489

 
$
8,174

 
$
8,917

 
$
5,607

Net income per share attributable to Sterling common stockholders:
 
 
 
 
 
 
 
Basic
$
0.09

 
$
0.30

 
$
0.33

 
$
0.22

Diluted
$
0.09

 
$
0.30

 
$
0.33

 
$
0.21

The following tables represent our 2019 and 2018 quarterly revenue and income from operations adjusted to reflect our operating group realignment and to conform to our 2019 presentation:
 
2019 Quarters Ended (unaudited)
 
 
 
March 31
 
June 30
 
September 30
 
December 31
 
Total
Revenue
 
 
 
 
 
 
 
 
 
Heavy Civil
$
150,505

 
$
200,236

 
$
218,894

 
$
190,690

 
$
760,325

Specialty Services
30,679

 
27,894

 
32,863

 
121,388

 
212,824

Residential
42,765

 
35,956

 
39,942

 
34,466

 
153,129

Total Revenue
$
223,949

 
$
264,086

 
$
291,699

 
$
346,544

 
$
1,126,278

 
 
 
 
 
 
 
 
 
 
Operating Income
 
 
 
 
 
 
 
 
 
Heavy Civil
$
(2,147
)
 
$
5,747

 
$
7,420

 
$
(7,704
)
 
$
3,316

Specialty Services
1,048

 
865

 
1,371

 
14,923

 
18,207

Residential
5,819

 
4,834

 
5,220

 
4,666

 
20,539

Subtotal
4,720

 
11,446

 
14,011

 
11,885

 
42,062

Acquisition related costs
—

 
(262
)
 
(1,896
)
 
(2,153
)
 
(4,311
)
Total Operating Income
$
4,720

 
$
11,184

 
$
12,115

 
$
9,732

 
$
37,751

 
2018 Quarters Ended (unaudited)
 
 
 
March 31
 
June 30
 
September 30
 
December 31
 
Total
Revenue
 
 
 
 
 
 
 
 
 
Heavy Civil
$
158,722

 
$
194,174

 
$
222,299

 
$
190,443

 
$
765,638

Specialty Services
28,519

 
29,109

 
32,245

 
30,460

 
120,333

Residential
35,251

 
45,451

 
36,722

 
34,272

 
151,696

Total Revenue
$
222,492

 
$
268,734

 
$
291,266

 
$
255,175

 
$
1,037,667

 
 
 
 
 
 
 
 
 
 
Operating Income
 
 
 
 
 
 
 
 
 
Heavy Civil
$
1,092

 
$
4,322

 
$
7,385

 
$
4,245

 
$
17,044

Specialty Services
519

 
1,480

 
1,647

 
983

 
4,629

Residential
5,068

 
6,347

 
5,341

 
4,182

 
20,938

Total Operating Income
$
6,679

 
$
12,149

 
$
14,373

 
$
9,410

 
$
42,611