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v3.22.1

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Cash and cash equivalents | $ 80,395 | $ 81,840
Accounts receivable | 226,397 | 232,153
Contract assets | 87,865 | 83,310
Sterling’s receivables from and equity in construction joint ventures | 19,292 | 16,896
Other current assets | 21,941 | 20,492
Property and equipment, net | 212,603 | 204,316
Operating lease right-of-use assets | 37,344 | 24,520
Goodwill | 252,353 | 259,791
Accounts payable | 143,400 | 144,982
Contract liabilities | 116,182 | 127,932
Current maturities of long-term debt | 30,368 | 28,230
Current portion of long-term lease obligations | 10,117 | 8,841
Accrued compensation | 25,815 | 22,803
Other current liabilities | 13,632 | 18,972
Total long-term debt | 417,331 | 428,588
Long-term lease obligations | $ 27,326 | $ 15,831
Common stock, par value (in usd per share) | $ 0.01 | $ 0.01
Common stock authorized (in shares) | 38,000 | 38,000
Common stock issued (in shares) | 30,263 | 30,263
Common stock outstanding (in shares) | 29,838 | 29,838
Variable Interest Entity, Primary Beneficiary |  |
Cash and cash equivalents | $ 26,449 | $ 35,378
Accounts receivable | 24,537 | 26,176
Contract assets | 14,348 | 10,249
Sterling’s receivables from and equity in construction joint ventures | 7,581 | 7,058
Other current assets | 206 | 1,087
Property and equipment, net | 10,189 | 10,420
Operating lease right-of-use assets | 5,702 | 5,097
Goodwill | 1,501 | 1,501
Accounts payable | 23,593 | 23,611
Contract liabilities | 15,461 | 22,583
Current maturities of long-term debt | 0 | 4,857
Current portion of long-term lease obligations | 2,370 | 2,334
Accrued compensation | 3,397 | 2,388
Other current liabilities | 871 | 889
Total long-term debt | 0 | 81
Long-term lease obligations | $ 3,332 | $ 2,763

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