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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
EARNINGS PER SHARE |
16. | EARNINGS PER SHARE
Basic net income per share attributable to Sterling common stockholders is computed by dividing net income attributable to Sterling common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income per common share attributable to Sterling common stockholders is the same as basic net income per share attributable to Sterling common stockholders but includes dilutive unvested stock awards and warrants using the treasury stock method. The following table reconciles the numerators and denominators of the basic and diluted earnings per share computations for net income attributable to Sterling common stockholders:
| Years Ended December 31, |  |  |
Numerator: | 2023 |  | 2022 |  | 2021 |  |  |
Net income from Continuing Operations | $ | 138,655 |  |  | $ | 96,717 |  |  | $ | 61,457 |  |  |  |
Net income from Discontinued Operations | — |  |  | 9,744 |  |  | 1,188 |  |  |  |
Net income attributable to Sterling common stockholders | $ | 138,655 |  |  | $ | 106,461 |  |  | $ | 62,645 |  |  |  |
Denominator: |  |  |  |  |  |  |  |
Weighted average common shares outstanding — basic | 30,755 |  |  | 30,199 |  |  | 28,600 |  |  |  |
Shares for dilutive unvested stock and warrants | 453 |  |  | 365 |  |  | 501 |  |  |  |
Weighted average common shares outstanding — diluted | 31,208 |  |  | 30,564 |  |  | 29,101 |  |  |  |
Net income per share from Continuing Operations: |  |  |  |  |  |  |  |
Basic | $ | 4.51 |  |  | $ | 3.20 |  |  | $ | 2.15 |  |  |  |
Diluted | $ | 4.44 |  |  | $ | 3.16 |  |  | $ | 2.11 |  |  |  |
Net income (loss) per share from Discontinued Operations: |  |  |  |  |  |  |  |
Basic | $ | — |  |  | $ | 0.32 |  |  | $ | 0.04 |  |  |  |
Diluted | $ | — |  |  | $ | 0.32 |  |  | $ | 0.04 |  |  |  |
Net income per share attributable to Sterling common stockholders: |  |  |  |  |  |  |  |
Basic | $ | 4.51 |  |  | $ | 3.53 |  |  | $ | 2.19 |  |  |  |
Diluted | $ | 4.44 |  |  | $ | 3.48 |  |  | $ | 2.15 |  |  |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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