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10-Q Filing

STERLING INFRASTRUCTURE, INC. CIK: 874238 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0000874238-20-000056
Period End Date 20200331
Filing Date 20200505
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance strl-20200331.xml
Balance Sheet 116 line items
Line Item Tag Value Unit Period
Cash and cash equivalents ($7,126 and $7,538 related to variable interest entities (VIEs)) CashAndCashEquivalentsAtCarryingValue $45.73M USD Point-in-time
Cash and cash equivalents ($7,126 and $7,538 related to variable interest entities (VIEs)) CashAndCashEquivalentsAtCarryingValue $73.91M USD Point-in-time
Accounts receivable, including retainage ($30,550 and $24,642 related to VIEs) ReceivablesLongTermContractsOrPrograms $248.25M USD Point-in-time
Accounts receivable, including retainage ($30,550 and $24,642 related to VIEs) ReceivablesLongTermContractsOrPrograms $221.27M USD Point-in-time
Costs and estimated earnings in excess of billings ($9,078 and $8,328 related to VIEs) CapitalizedContractCostGross $54.79M USD Point-in-time
Costs and estimated earnings in excess of billings ($9,078 and $8,328 related to VIEs) CapitalizedContractCostGross $42.55M USD Point-in-time
Receivables from and equity in construction joint ventures ($7,729 and $7,406 related to VIEs) ReceivablesFromAndEquityInConstructionJointVenture $9.20M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Receivables from and equity in construction joint ventures ($7,729 and $7,406 related to VIEs) ReceivablesFromAndEquityInConstructionJointVenture $10.79M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Other current assets ($1,047 and $503 related to VIEs) OtherAssetsCurrent $11.79M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 38.00M shares Point-in-time
Other current assets ($1,047 and $503 related to VIEs) OtherAssetsCurrent $10.34M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 38.00M shares Point-in-time
Total current assets AssetsCurrent $371.09M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 28.29M shares Point-in-time
Total current assets AssetsCurrent $357.52M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 28.28M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 27.77M shares Point-in-time
Property and equipment, net ($5,627 and $5,619 related to VIEs) PropertyPlantAndEquipmentNet $116.03M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 27.97M shares Point-in-time
Property and equipment, net ($5,627 and $5,619 related to VIEs) PropertyPlantAndEquipmentNet $117.82M USD Point-in-time
Treasury stock (in shares) TreasuryStockShares 316,000.00 shares Point-in-time
Operating lease right-of-use assets ($3,938 and $3,817 related to VIEs) OperatingLeaseRightOfUseAsset $13.98M USD Point-in-time
Operating lease right-of-use assets ($3,938 and $3,817 related to VIEs) OperatingLeaseRightOfUseAsset $14.79M USD Point-in-time
Treasury stock (in shares) TreasuryStockShares 518,000.00 shares Point-in-time
Cash and cash equivalents ($7,126 and $7,538 related to variable interest entities (VIEs)) CashAndCashEquivalentsAtCarryingValue $45.73M USD Point-in-time
Goodwill ($1,501 and $1,501 related to VIEs) Goodwill $191.89M USD Point-in-time
Cash and cash equivalents ($7,126 and $7,538 related to variable interest entities (VIEs)) CashAndCashEquivalentsAtCarryingValue $73.91M USD Point-in-time
Goodwill ($1,501 and $1,501 related to VIEs) Goodwill $191.89M USD Point-in-time
Accounts receivable, including retainage ($30,550 and $24,642 related to VIEs) ReceivablesLongTermContractsOrPrograms $248.25M USD Point-in-time
Accounts receivable, including retainage ($30,550 and $24,642 related to VIEs) ReceivablesLongTermContractsOrPrograms $221.27M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $256.32M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $253.49M USD Point-in-time
Costs and estimated earnings in excess of billings ($9,078 and $8,328 related to VIEs) CapitalizedContractCostGross $54.79M USD Point-in-time
Deferred tax asset, net DeferredIncomeTaxAssetsNet $27.15M USD Point-in-time
Deferred tax asset, net DeferredIncomeTaxAssetsNet $26.01M USD Point-in-time
Costs and estimated earnings in excess of billings ($9,078 and $8,328 related to VIEs) CapitalizedContractCostGross $42.55M USD Point-in-time
Receivables from and equity in construction joint ventures ($7,729 and $7,406 related to VIEs) ReceivablesFromAndEquityInConstructionJointVenture $9.20M USD Point-in-time
Other non-current assets, net OtherAssetsNoncurrent $172.00K USD Point-in-time
Receivables from and equity in construction joint ventures ($7,729 and $7,406 related to VIEs) ReceivablesFromAndEquityInConstructionJointVenture $10.79M USD Point-in-time
Other non-current assets, net OtherAssetsNoncurrent $183.00K USD Point-in-time
Total assets Assets $961.94M USD Point-in-time
Total assets Assets $976.39M USD Point-in-time
Other current assets ($1,047 and $503 related to VIEs) OtherAssetsCurrent $11.79M USD Point-in-time
Other current assets ($1,047 and $503 related to VIEs) OtherAssetsCurrent $10.34M USD Point-in-time
Property and equipment, net ($5,627 and $5,619 related to VIEs) PropertyPlantAndEquipmentNet $116.03M USD Point-in-time
Property and equipment, net ($5,627 and $5,619 related to VIEs) PropertyPlantAndEquipmentNet $117.82M USD Point-in-time
Operating lease right-of-use assets ($3,938 and $3,817 related to VIEs) OperatingLeaseRightOfUseAsset $13.98M USD Point-in-time
Operating lease right-of-use assets ($3,938 and $3,817 related to VIEs) OperatingLeaseRightOfUseAsset $14.79M USD Point-in-time
Accounts payable ($26,664 and $18,213 related to VIEs) AccountsPayableCurrent $137.59M USD Point-in-time
Accounts payable ($26,664 and $18,213 related to VIEs) AccountsPayableCurrent $123.17M USD Point-in-time
Goodwill ($1,501 and $1,501 related to VIEs) Goodwill $191.89M USD Point-in-time
Goodwill ($1,501 and $1,501 related to VIEs) Goodwill $191.89M USD Point-in-time
Accounts payable ($26,664 and $18,213 related to VIEs) AccountsPayableCurrent $137.59M USD Point-in-time
Accounts payable ($26,664 and $18,213 related to VIEs) AccountsPayableCurrent $123.17M USD Point-in-time
Billings in excess of costs and estimated earnings ($7,443 and $9,649 related to VIEs) ContractWithCustomerLiabilityCurrent $79.29M USD Point-in-time
Billings in excess of costs and estimated earnings ($7,443 and $9,649 related to VIEs) ContractWithCustomerLiabilityCurrent $85.01M USD Point-in-time
Current maturities of long-term debt ($13 and $39 related to VIEs) LongTermDebtCurrent $50.21M USD Point-in-time
Current maturities of long-term debt ($13 and $39 related to VIEs) LongTermDebtCurrent $42.47M USD Point-in-time
Billings in excess of costs and estimated earnings ($7,443 and $9,649 related to VIEs) ContractWithCustomerLiabilityCurrent $79.29M USD Point-in-time
Billings in excess of costs and estimated earnings ($7,443 and $9,649 related to VIEs) ContractWithCustomerLiabilityCurrent $85.01M USD Point-in-time
Current maturities of long-term debt ($13 and $39 related to VIEs) LongTermDebtCurrent $50.21M USD Point-in-time
Current portion of long-term lease obligations ($1,742 and $1,838 related to VIEs) OperatingLeaseLiabilityCurrent $7.41M USD Point-in-time
Current maturities of long-term debt ($13 and $39 related to VIEs) LongTermDebtCurrent $42.47M USD Point-in-time
Current portion of long-term lease obligations ($1,742 and $1,838 related to VIEs) OperatingLeaseLiabilityCurrent $7.09M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $1.21M USD Point-in-time
Current portion of long-term lease obligations ($1,742 and $1,838 related to VIEs) OperatingLeaseLiabilityCurrent $7.41M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $1.66M USD Point-in-time
Current portion of long-term lease obligations ($1,742 and $1,838 related to VIEs) OperatingLeaseLiabilityCurrent $7.09M USD Point-in-time
Accrued compensation ($2,298 and $1,521 related to VIEs) EmployeeRelatedLiabilitiesCurrent $13.73M USD Point-in-time
Accrued compensation ($2,298 and $1,521 related to VIEs) EmployeeRelatedLiabilitiesCurrent $13.73M USD Point-in-time
Accrued compensation ($2,298 and $1,521 related to VIEs) EmployeeRelatedLiabilitiesCurrent $14.19M USD Point-in-time
Accrued compensation ($2,298 and $1,521 related to VIEs) EmployeeRelatedLiabilitiesCurrent $14.19M USD Point-in-time
Other current liabilities ($1,097 and $1,429 related to VIEs) OtherLiabilitiesCurrent $6.39M USD Point-in-time
Other current liabilities ($1,097 and $1,429 related to VIEs) OtherLiabilitiesCurrent $6.39M USD Point-in-time
Other current liabilities ($1,097 and $1,429 related to VIEs) OtherLiabilitiesCurrent $10.40M USD Point-in-time
Other current liabilities ($1,097 and $1,429 related to VIEs) OtherLiabilitiesCurrent $10.40M USD Point-in-time
Long-term debt ($2 and $2 related to VIEs) LongTermDebtNoncurrent $390.63M USD Point-in-time
Total current liabilities LiabilitiesCurrent $293.50M USD Point-in-time
Long-term debt ($2 and $2 related to VIEs) LongTermDebtNoncurrent $408.83M USD Point-in-time
Total current liabilities LiabilitiesCurrent $286.33M USD Point-in-time
Long-term lease obligations ($2,196 and $1,979 related to VIEs) OperatingLeaseLiabilityNoncurrent $6.98M USD Point-in-time
Long-term debt ($2 and $2 related to VIEs) LongTermDebtNoncurrent $390.63M USD Point-in-time
Long-term debt ($2 and $2 related to VIEs) LongTermDebtNoncurrent $408.83M USD Point-in-time
Long-term lease obligations ($2,196 and $1,979 related to VIEs) OperatingLeaseLiabilityNoncurrent $7.46M USD Point-in-time
Long-term lease obligations ($2,196 and $1,979 related to VIEs) OperatingLeaseLiabilityNoncurrent $6.98M USD Point-in-time
Long-term lease obligations ($2,196 and $1,979 related to VIEs) OperatingLeaseLiabilityNoncurrent $7.46M USD Point-in-time
Members interest subject to mandatory redemption and undistributed earnings MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings $49.00M USD Point-in-time
Members interest subject to mandatory redemption and undistributed earnings MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings $49.19M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $5.65M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $619.00K USD Point-in-time
Total liabilities Liabilities $757.47M USD Point-in-time
Total liabilities Liabilities $740.73M USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Common stock, par value $0.01 per share; 38,000 shares authorized, 28,282 and 28,290 shares issued, 27,966 and 27,772 shares outstanding CommonStockValue $283.00K USD Point-in-time
Common stock, par value $0.01 per share; 38,000 shares authorized, 28,282 and 28,290 shares issued, 27,966 and 27,772 shares outstanding CommonStockValue $283.00K USD Point-in-time
Additional paid in capital AdditionalPaidInCapital $250.69M USD Point-in-time
Additional paid in capital AdditionalPaidInCapital $251.02M USD Point-in-time
Treasury Stock, at cost: 316 and 518 shares TreasuryStockValue $6.14M USD Point-in-time
Treasury Stock, at cost: 316 and 518 shares TreasuryStockValue $4.25M USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-25.03M USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-21.92M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-209.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-7.27M USD Point-in-time
Total Sterling stockholders equity StockholdersEquity $217.54M USD Point-in-time
Total Sterling stockholders equity StockholdersEquity $219.92M USD Point-in-time
Noncontrolling interests MinorityInterest $1.39M USD Point-in-time
Noncontrolling interests MinorityInterest $1.29M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $218.93M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $166.28M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $221.21M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $172.26M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $976.39M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $961.94M USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $223.95M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $296.69M USD 1 Quarter
Cost of revenues CostOfGoodsAndServicesSold $261.44M USD 1 Quarter
Cost of revenues CostOfGoodsAndServicesSold $204.45M USD 1 Quarter
Gross profit GrossProfit $19.50M USD 1 Quarter
Gross profit GrossProfit $35.24M USD 1 Quarter
General and administrative expense GeneralAndAdministrativeExpense $17.60M USD 1 Quarter
General and administrative expense GeneralAndAdministrativeExpense $11.89M USD 1 Quarter
Intangible asset amortization AmortizationOfIntangibleAssets $2.84M USD 1 Quarter
Intangible asset amortization AmortizationOfIntangibleAssets $600.00K USD 1 Quarter
Acquisition related costs BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Acquisition related costs BusinessCombinationAcquisitionRelatedCosts $473.00K USD 1 Quarter
Other operating expense, net OtherOperatingIncomeExpenseNet $-2.23M USD 1 Quarter
Other operating expense, net OtherOperatingIncomeExpenseNet $-2.29M USD 1 Quarter
Operating income OperatingIncomeLoss $12.10M USD 1 Quarter
Operating income OperatingIncomeLoss $4.72M USD 1 Quarter
Interest income InterestIncomeOther $364.00K USD 1 Quarter
Interest income InterestIncomeOther $99.00K USD 1 Quarter
Interest expense InterestExpenseAndAccretedInterest $3.06M USD 1 Quarter
Interest expense InterestExpenseAndAccretedInterest $7.80M USD 1 Quarter
Income before income taxes IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests $2.02M USD 1 Quarter
Income before income taxes IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests $4.40M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $163.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.18M USD 1 Quarter
Net income ProfitLoss $1.86M USD 1 Quarter
Net income ProfitLoss $3.21M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable $100.00K USD 1 Quarter
Less: Net income attributable to noncontrolling interests NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable $46.00K USD 1 Quarter
Net income attributable to Sterling common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $1.81M USD 1 Quarter
Net income attributable to Sterling common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $3.12M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.11 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.07 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.11 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.07 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 27.74M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 26.38M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 26.72M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 27.99M shares 1 Quarter
Cash Flow Statement 46 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.86M USD 1 Quarter
Net income ProfitLoss $3.21M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $8.29M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $4.30M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCostsAndDiscounts $1.02M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCostsAndDiscounts $833.00K USD 1 Quarter
Gain on disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $38.00K USD 1 Quarter
Gain on disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $393.00K USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $913.00K USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $141.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.02M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.23M USD 1 Quarter
Unrealized loss on hedge UnrealizedGainLossOnDerivatives $-171.00K USD 1 Quarter
Unrealized loss on hedge UnrealizedGainLossOnDerivatives - USD 1 Quarter
Changes in operating assets and liabilities (Note 17) IncreaseDecreaseInOperatingCapital $4.68M USD 1 Quarter
Changes in operating assets and liabilities (Note 17) IncreaseDecreaseInOperatingCapital $27.36M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-19.24M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $10.77M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $3.81M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $7.35M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $512.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $137.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-6.84M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-3.68M USD 1 Quarter
Borrowings on revolving credit facility ProceedsFromLinesOfCredit $30.00M USD 1 Quarter
Borrowings on revolving credit facility ProceedsFromLinesOfCredit - USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $5.61M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $5.08M USD 1 Quarter
Distributions to noncontrolling interest owners PaymentsToMinorityShareholders - USD 1 Quarter
Distributions to noncontrolling interest owners PaymentsToMinorityShareholders $5.10M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $3.20M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-501.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-675.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $24.24M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-14.41M USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $28.17M USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-37.33M USD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $73.91M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $94.09M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $45.73M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $56.76M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $73.91M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $94.09M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $45.73M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $56.76M USD Point-in-time
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $218.93M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $166.28M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $221.21M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $172.26M USD Point-in-time
Net income ProfitLoss $1.86M USD 1 Quarter
Net income ProfitLoss $3.21M USD 1 Quarter
Loss on interest rate swap, net of tax OtherComprehensiveIncomeLossNetOfTax $-7.06M USD 1 Quarter
Loss on interest rate swap, net of tax OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
Stock-based compensation (in shares) StockIssuedDuringPeriodSharesShareBasedCompensationGross 138,000.00 shares 1 Quarter
Stock-based compensation StockIssuedDuringPeriodValueShareBasedCompensationGross $2.23M USD 1 Quarter
Stock-based compensation StockIssuedDuringPeriodValueShareBasedCompensationGross $1.02M USD 1 Quarter
Distributions to owners MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders - USD 1 Quarter
Distributions to owners MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $5.10M USD 1 Quarter
Purchase of treasury stock StockRepurchasedDuringPeriodValue $3.20M USD 1 Quarter
Issuance of stock StockIssuedDuringPeriodValueNewIssues $103.00K USD 1 Quarter
Issuance of stock StockIssuedDuringPeriodValueNewIssues - USD 1 Quarter
Shares withheld for taxes (in shares) SharesPaidForTaxWithholdingForShareBasedCompensation 46,000.00 shares 1 Quarter
Shares withheld for taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $772.00K USD 1 Quarter
Shares withheld for taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $564.00K USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $218.93M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $166.28M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $221.21M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $172.26M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.86M USD 1 Quarter
Net income ProfitLoss $3.21M USD 1 Quarter
Loss on interest rate swap, net of tax OtherComprehensiveIncomeLossNetOfTax $-7.06M USD 1 Quarter
Loss on interest rate swap, net of tax OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
Total comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.86M USD 1 Quarter
Total comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-3.85M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable $100.00K USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable $46.00K USD 1 Quarter
Comprehensive (loss) income attributable to Sterling common stockholders ComprehensiveIncomeNetOfTax $-3.95M USD 1 Quarter
Comprehensive (loss) income attributable to Sterling common stockholders ComprehensiveIncomeNetOfTax $1.81M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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