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Earnings Per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share |
13. | EARNINGS PER SHARE
The following table reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three and nine months ended September 30, 2023 and 2022:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Numerator: | 2023 |  | 2022 |  | 2023 |  | 2022
Net income from Continuing Operations | $ | 39,353 |  |  | $ | 30,698 |  |  | $ | 98,482 |  |  | $ | 76,484 |
Net income from Discontinued Operations | — |  |  | (1,175) |  |  | — |  |  | (1,748) |
Net income attributable to Sterling common stockholders | $ | 39,353 |  |  | $ | 29,523 |  |  | $ | 98,482 |  |  | $ | 74,736 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding — basic | 30,800 |  |  | 30,278 |  |  | 30,733 |  |  | 30,156 |
Shares for dilutive unvested stock and warrants | 417 |  |  | 262 |  |  | 315 |  |  | 208 |
Weighted average common shares outstanding — diluted | 31,217 |  |  | 30,540 |  |  | 31,048 |  |  | 30,364 |
Net income per share from Continuing Operations: |  |  |  |  |  |  |
Basic | $ | 1.28 |  |  | $ | 1.01 |  |  | $ | 3.20 |  |  | $ | 2.54 |
Diluted | $ | 1.26 |  |  | $ | 1.01 |  |  | $ | 3.17 |  |  | $ | 2.52 |
Net income per share from Discontinued Operations: |  |  |  |  |  |  |
Basic | $ | — |  |  | $ | (0.04) |  |  | $ | — |  |  | $ | (0.06) |
Diluted | $ | — |  |  | $ | (0.04) |  |  | $ | — |  |  | $ | (0.06) |
Net income per share attributable to Sterling common stockholders: |  |  |  |  |  |  |
Basic | $ | 1.28 |  |  | $ | 0.98 |  |  | $ | 3.20 |  |  | $ | 2.48 |
Diluted | $ | 1.26 |  |  | $ | 0.97 |  |  | $ | 3.17 |  |  | $ | 2.46 |

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