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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 593,741 $ 560,347 $ 1,616,923 $ 1,486,251
Cost of revenues (463,942) (468,480) (1,297,477) (1,240,368)
Gross profit 129,799 91,867 319,446 245,883
General and administrative expense (30,672) (25,237) (85,826) (72,592)
Intangible asset amortization (4,280) (3,736) (12,857) (11,209)
Acquisition related costs (72) (103) (209) (352)
Other operating expense, net (7,283) (5,654) (18,203) (11,703)
Operating income 87,492 57,137 202,351 150,027
Interest income 7,591 4,150 19,798 8,327
Interest expense (6,286) (7,257) (19,463) (22,516)
Income before income taxes 88,797 54,030 202,686 135,838
Income tax expense (23,404) (13,891) (48,960) (35,429)
Net income, including noncontrolling interests 65,393 40,139 153,726 100,409
Less: Net income attributable to noncontrolling interests (4,072) (786) (9,478) (1,927)
Net income attributable to Sterling common stockholders $ 61,321 $ 39,353 $ 144,248 $ 98,482
Net income per share attributable to Sterling common stockholders:        
Basic (in dollars per share) $ 2.00 $ 1.28 $ 4.67 $ 3.20
Diluted (in dollars per share) $ 1.97 $ 1.26 $ 4.63 $ 3.17
Weighted average common shares outstanding:        
Basic (in shares) 30,735 30,800 30,875 30,733
Diluted (in shares) 31,070 31,217 31,184 31,048