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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues $ 560,347 $ 493,040 $ 1,486,251 $ 1,320,829
Cost of revenues (468,480) (413,596) (1,240,368) (1,115,228)
Gross profit 91,867 79,444 245,883 205,601
General and administrative expense (25,237) (22,235) (72,592) (63,376)
Intangible asset amortization (3,736) (3,509) (11,209) (10,591)
Acquisition related costs (103) (77) (352) (562)
Other operating expense, net (5,654) (4,148) (11,703) (8,245)
Operating income 57,137 49,475 150,027 122,827
Interest income 4,150 165 8,327 201
Interest expense (7,257) (5,135) (22,516) (14,262)
Income before income taxes 54,030 44,505 135,838 108,766
Income tax expense (13,891) (13,173) (35,429) (30,966)
Net income, including noncontrolling interests 40,139 31,332 100,409 77,800
Less: Net income attributable to noncontrolling interests (786) (634) (1,927) (1,316)
Net income from Continuing Operations 39,353 30,698 98,482 76,484
Pretax loss 0 (1,786) 0 (3,287)
Income tax benefit 0 611 0 1,539
Net loss from Discontinued Operations 0 (1,175) 0 (1,748)
Net income attributable to Sterling common stockholders $ 39,353 $ 29,523 $ 98,482 $ 74,736
Net income per share from Continuing Operations:        
Basic (in dollars per share) $ 1.28 $ 1.01 $ 3.20 $ 2.54
Diluted (in dollars per share) 1.26 1.01 3.17 2.52
Net loss per share from Discontinued Operations:        
Basic (in dollars per share) 0 (0.04) 0 (0.06)
Diluted(in dollars per share) 0 (0.04) 0 (0.06)
Net income per share attributable to Sterling common stockholders:        
Basic (in dollars per share) 1.28 0.98 3.20 2.48
Diluted (in dollars per share) $ 1.26 $ 0.97 $ 3.17 $ 2.46
Weighted average common shares outstanding:        
Basic (in shares) 30,800 30,278 30,733 30,156
Diluted (in shares) 31,217 30,540 31,048 30,364