XML 56 R24.htm IDEA: XBRL DOCUMENT v3.25.0.1
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2024
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:202420232022
Net income from Continuing Operations$257,461 $138,655 $96,717 
Net income from Discontinued Operations— — 9,744 
Net income attributable to Sterling common stockholders$257,461 $138,655 $106,461 
Denominator:
Weighted average common shares outstanding — basic30,830 30,755 30,199 
Shares for dilutive unvested stock
316 453 365 
Weighted average common shares outstanding — diluted31,146 31,208 30,564 
Net income per share from Continuing Operations:
Basic$8.35 $4.51 $3.20 
Diluted$8.27 $4.44 $3.16 
Net income (loss) per share from Discontinued Operations:
Basic$— $— $0.32 
Diluted$— $— $0.32 
Net income per share attributable to Sterling common stockholders:
Basic$8.35 $4.51 $3.53 
Diluted$8.27 $4.44 $3.48 
There were 42, 7 and 139 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 years ending December 31, 2024, 2023 and 2022, respectively.