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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2025
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 six months ended June 30, 2025 and 2024:
| Three Months Ended June 30, |  | Six Months Ended June 30,
Numerator: | 2025 |  | 2024 |  | 2025 |  | 2024
Net income attributable to Sterling common stockholders | $ | 70,991 |  |  | $ | 51,879 |  |  | $ | 110,468 |  |  | $ | 82,927 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding — basic | 30,408 |  |  | 30,914 |  |  | 30,477 |  |  | 30,945 |
Shares for dilutive unvested stock and warrants | 354 |  |  | 231 |  |  | 327 |  |  | 213 |
Weighted average common shares outstanding — diluted | 30,762 |  |  | 31,145 |  |  | 30,804 |  |  | 31,158 |
Net income per share attributable to Sterling common stockholders: |  |  |  |  |  |  |
Basic | $ | 2.33 |  |  | $ | 1.68 |  |  | $ | 3.62 |  |  | $ | 2.68 |
Diluted | $ | 2.31 |  |  | $ | 1.67 |  |  | $ | 3.59 |  |  | $ | 2.66 |
There were 10 and 20 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 six months ended June 30, 2025, respectively. There were 37 and 64 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 six months ended June 30, 2024, respectively.

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