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Earnings Per Share | 9 Months Ended
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Sep. 30, 2024
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, 2024 and 2023:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Numerator: | 2024 |  | 2023 |  | 2024 |  | 2023
Net income attributable to Sterling common stockholders | $ | 61,321 |  |  | $ | 39,353 |  |  | $ | 144,248 |  |  | $ | 98,482 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding — basic | 30,735 |  |  | 30,800 |  |  | 30,875 |  |  | 30,733 |
Shares for dilutive unvested stock and warrants | 335 |  |  | 417 |  |  | 309 |  |  | 315 |
Weighted average common shares outstanding — diluted | 31,070 |  |  | 31,217 |  |  | 31,184 |  |  | 31,048 |
Net income per share attributable to Sterling common stockholders: |  |  |  |  |  |  |
Basic | $ | 2.00 |  |  | $ | 1.28 |  |  | $ | 4.67 |  |  | $ | 3.20 |
Diluted | $ | 1.97 |  |  | $ | 1.26 |  |  | $ | 4.63 |  |  | $ | 3.17 |
There were 64 and 66 weighted average unvested shares that were excluded from the calculation of diluted EPS under the treasury stock method, as they were anti-dilutive, for the three and nine months ended September 30, 2024, respectively. There were no anti-dilutive stock-based equity awards outstanding for the three and nine months ended September 30, 2023.

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