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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenues $ 522,325 $ 461,827 $ 925,904 $ 827,789
Cost of revenues (430,051) (390,819) (771,888) (701,632)
Gross profit 92,274 71,008 154,016 126,157
General and administrative expense (24,034) (20,844) (47,355) (41,141)
Intangible asset amortization (3,737) (3,514) (7,473) (7,082)
Acquisition related costs (59) (230) (249) (485)
Other operating expense, net (4,181) (2,431) (6,049) (4,097)
Operating income 60,263 43,989 92,890 73,352
Interest income 2,203 28 4,177 36
Interest expense (7,731) (4,477) (15,259) (9,127)
Income before income taxes 54,735 39,540 81,808 64,261
Income tax expense (14,505) (11,015) (21,538) (17,793)
Net income, including noncontrolling interests 40,230 28,525 60,270 46,468
Less: Net income attributable to noncontrolling interests (750) (411) (1,141) (682)
Net income from Continuing Operations 39,480 28,114 59,129 45,786
Pretax loss 0 (2,900) 0 (1,501)
Income tax benefit 0 747 0 928
Net loss from Discontinued Operations 0 (2,153) 0 (573)
Net income attributable to Sterling common stockholders $ 39,480 $ 25,961 $ 59,129 $ 45,213
Net income per share from Continuing Operations:        
Basic (in dollars per share) $ 1.28 $ 0.93 $ 1.93 $ 1.52
Diluted (in dollars per share) 1.27 0.93 1.91 1.52
Net loss per share from Discontinued Operations:        
Basic (in dollars per share) 0 (0.07) 0 (0.02)
Diluted(in dollars per share) 0 (0.07) 0 (0.02)
Net income per share attributable to Sterling common stockholders:        
Basic (in dollars per share) 1.28 0.86 1.93 1.50
Diluted (in dollars per share) $ 1.27 $ 0.86 $ 1.91 $ 1.50
Weighted average common shares outstanding:        
Basic (in shares) 30,780 30,225 30,699 30,094
Diluted (in shares) 31,000 30,362 30,886 30,229