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v3.22.2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Cash and cash equivalents | $ 72,905 | $ 81,840
Accounts receivable | 302,844 | 232,153
Contract assets | 121,667 | 83,310
Sterling’s receivables from and equity in construction joint ventures | 16,910 | 16,896
Other current assets | 23,170 | 20,492
Property and equipment, net | 214,976 | 204,316
Operating lease right-of-use assets | 46,628 | 24,520
Goodwill | 252,887 | 259,791
Accounts payable | 164,506 | 144,982
Contract liabilities | 161,961 | 127,932
Current maturities of long-term debt | 26,273 | 28,230
Current portion of long-term lease obligations | 12,582 | 8,841
Accrued compensation | 33,044 | 22,803
Other current liabilities | 9,023 | 18,972
Total long-term debt | 415,998 | 428,588
Long-term lease obligations | $ 34,103 | $ 15,831
Common stock, par value (in usd per share) | $ 0.01 | $ 0.01
Common stock authorized (in shares) | 38,000 | 38,000
Ending balance (in shares) | 30,299 | 30,299
Common stock outstanding (in shares) | 29,838 | 29,838
Variable Interest Entity, Primary Beneficiary |  |
Cash and cash equivalents | $ 30,328 | $ 35,378
Accounts receivable | 26,282 | 26,176
Contract assets | 15,345 | 10,249
Sterling’s receivables from and equity in construction joint ventures | 6,696 | 7,058
Other current assets | 865 | 1,087
Property and equipment, net | 10,095 | 10,420
Operating lease right-of-use assets | 5,246 | 5,097
Goodwill | 1,501 | 1,501
Accounts payable | 33,597 | 23,611
Contract liabilities | 15,919 | 22,583
Current maturities of long-term debt | 0 | 4,857
Current portion of long-term lease obligations | 2,396 | 2,334
Accrued compensation | 3,175 | 2,388
Other current liabilities | 700 | 889
Total long-term debt | 0 | 81
Long-term lease obligations | $ 2,850 | $ 2,763

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