XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Revenues $ 403,579 $ 365,962
Cost of revenues (341,837) (310,813)
Gross profit 61,742 55,149
General and administrative expense (23,321) (20,297)
Intangible asset amortization (3,736) (3,568)
Acquisition related costs (190) (255)
Other operating expense, net (1,868) (1,666)
Operating income 32,627 29,363
Interest income 1,974 8
Interest expense (7,528) (4,650)
Income before income taxes 27,073 24,721
Income tax expense (7,033) (6,778)
Net income, including noncontrolling interests 20,040 17,943
Less: Net income attributable to noncontrolling interests (391) (271)
Net income from Continuing Operations 19,649 17,672
Pretax income 0 1,399
Income tax expense 0 181
Net income from Discontinued Operations 0 1,580
Net income attributable to Sterling common stockholders $ 19,649 $ 19,252
Net income per share from Continuing Operations:    
Basic (in dollars per share) $ 0.64 $ 0.59
Diluted (in dollars per share) 0.64 0.59
Net income per share from Discontinued Operations:    
Basic (in dollars per share) 0 0.05
Diluted(in dollars per share) 0 0.05
Net income per share attributable to Sterling common stockholders:    
Basic (in dollars per share) 0.64 0.64
Diluted (in dollars per share) $ 0.64 $ 0.64
Weighted average common shares outstanding:    
Basic (in shares) 30,618 29,964
Diluted (in shares) 30,789 30,112