10-Q Filing

STERLING INFRASTRUCTURE, INC. CIK: 874238 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0000874238-22-000079`
Period End Date	20220630
Filing Date	20220802
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	strl-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 114 Income Statement 82 Cash Flow Statement 61 Stockholders Equity 40 Comprehensive Income 24

Balance Sheet 114 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents ($30,328 and $35,378 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$93.63M	USD	Point-in-time
Cash and cash equivalents ($30,328 and $35,378 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$81.84M	USD	Point-in-time
Cash and cash equivalents ($30,328 and $35,378 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$72.91M	USD	Point-in-time
Accounts receivable ($26,282 and $26,176 related to VIEs)	`ReceivablesLongTermContractsOrPrograms`	$302.84M	USD	Point-in-time
Accounts receivable ($26,282 and $26,176 related to VIEs)	`ReceivablesLongTermContractsOrPrograms`	$232.15M	USD	Point-in-time
Contract assets ($15,345 and $10,249 related to VIEs)	`CapitalizedContractCostGross`	$121.67M	USD	Point-in-time
Contract assets ($15,345 and $10,249 related to VIEs)	`CapitalizedContractCostGross`	$83.31M	USD	Point-in-time
Receivables from and equity in construction joint ventures ($6,696 and $7,058 related to VIEs)	`ReceivablesFromAndEquityInConstructionJointVenture`	$16.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.84M	USD	Point-in-time
Receivables from and equity in construction joint ventures ($6,696 and $7,058 related to VIEs)	`ReceivablesFromAndEquityInConstructionJointVenture`	$16.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.91M	USD	Point-in-time
Accounts receivable	`ReceivablesLongTermContractsOrPrograms`	$302.84M	USD	Point-in-time
Other current assets ($865 and $1,087 related to VIEs)	`OtherAssetsCurrent`	$23.17M	USD	Point-in-time
Other current assets ($865 and $1,087 related to VIEs)	`OtherAssetsCurrent`	$20.49M	USD	Point-in-time
Accounts receivable	`ReceivablesLongTermContractsOrPrograms`	$232.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$537.50M	USD	Point-in-time
Contract assets	`CapitalizedContractCostGross`	$121.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$434.69M	USD	Point-in-time
Contract assets	`CapitalizedContractCostGross`	$83.31M	USD	Point-in-time
Sterlings receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVenture`	$16.90M	USD	Point-in-time
Property and equipment, net ($10,095 and $10,420 related to VIEs)	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$204.32M	USD	Point-in-time
Sterlings receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVenture`	$16.91M	USD	Point-in-time
Property and equipment, net ($10,095 and $10,420 related to VIEs)	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$214.98M	USD	Point-in-time
Operating lease right-of-use assets, net ($5,246 and $5,097 related to VIEs)	`OperatingLeaseRightOfUseAsset`	$24.52M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.17M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.49M	USD	Point-in-time
Operating lease right-of-use assets, net ($5,246 and $5,097 related to VIEs)	`OperatingLeaseRightOfUseAsset`	$46.63M	USD	Point-in-time
Goodwill ($1,501 and $1,501 related to VIEs)	`Goodwill`	$259.79M	USD	Point-in-time
Goodwill ($1,501 and $1,501 related to VIEs)	`Goodwill`	$252.89M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$204.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$214.98M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$297.04M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$303.22M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.52M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$46.63M	USD	Point-in-time
Goodwill	`Goodwill`	$259.79M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$4.46M	USD	Point-in-time
Goodwill	`Goodwill`	$252.89M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$4.50M	USD	Point-in-time
Total assets	`Assets`	$1.35B	USD	Point-in-time
Total assets	`Assets`	$1.23B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$164.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$144.98M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$161.96M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$127.93M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$26.27M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$28.23M	USD	Point-in-time
Current portion of long-term lease obligations	`OperatingLeaseLiabilityCurrent`	$12.58M	USD	Point-in-time
Current portion of long-term lease obligations	`OperatingLeaseLiabilityCurrent`	$8.84M	USD	Point-in-time
Accounts payable ($33,597 and $23,611 related to VIEs)	`AccountsPayableCurrent`	$164.51M	USD	Point-in-time
Accounts payable ($33,597 and $23,611 related to VIEs)	`AccountsPayableCurrent`	$144.98M	USD	Point-in-time
Contract liabilities ($15,919 and $22,583 related to VIEs)	`ContractWithCustomerLiabilityCurrent`	$161.96M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$22.80M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$33.04M	USD	Point-in-time
Contract liabilities ($15,919 and $22,583 related to VIEs)	`ContractWithCustomerLiabilityCurrent`	$127.93M	USD	Point-in-time
Current maturities of long-term debt ($0 and $4,857 related to VIEs)	`LongTermDebtCurrent`	$26.27M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$9.02M	USD	Point-in-time
Current maturities of long-term debt ($0 and $4,857 related to VIEs)	`LongTermDebtCurrent`	$28.23M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.97M	USD	Point-in-time
Current portion of long-term lease obligations ($2,396 and $2,334 related to VIEs)	`OperatingLeaseLiabilityCurrent`	$12.58M	USD	Point-in-time
Total long-term debt	`LongTermDebtNoncurrent`	$416.00M	USD	Point-in-time
Current portion of long-term lease obligations ($2,396 and $2,334 related to VIEs)	`OperatingLeaseLiabilityCurrent`	$8.84M	USD	Point-in-time
Total long-term debt	`LongTermDebtNoncurrent`	$428.59M	USD	Point-in-time
Accrued compensation ($3,175 and $2,388 related to VIEs)	`EmployeeRelatedLiabilitiesCurrent`	$22.80M	USD	Point-in-time
Accrued compensation ($3,175 and $2,388 related to VIEs)	`EmployeeRelatedLiabilitiesCurrent`	$33.04M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$34.10M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$15.83M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current liabilities ($700 and $889 related to VIEs)	`OtherLiabilitiesCurrent`	$9.02M	USD	Point-in-time
Other current liabilities ($700 and $889 related to VIEs)	`OtherLiabilitiesCurrent`	$18.97M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.39M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	38.00M	shares	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	38.00M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$351.76M	USD	Point-in-time
Long-term debt ($0 and $81 related to VIEs)	`LongTermDebtNoncurrent`	$416.00M	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesIssued`	30.30M	shares	Point-in-time
Long-term debt ($0 and $81 related to VIEs)	`LongTermDebtNoncurrent`	$428.59M	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesIssued`	30.30M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Long-term lease obligations ($2,850 and $2,763 related to VIEs)	`OperatingLeaseLiabilityNoncurrent`	$34.10M	USD	Point-in-time
Long-term lease obligations ($2,850 and $2,763 related to VIEs)	`OperatingLeaseLiabilityNoncurrent`	$15.83M	USD	Point-in-time
Members interest subject to mandatory redemption and undistributed earnings	`MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings`	$54.21M	USD	Point-in-time
Members interest subject to mandatory redemption and undistributed earnings	`MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings`	$55.12M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$14.66M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$29.87M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.82M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$946.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$870.77M	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, 30,299 and 29,838 shares issued and outstanding	`CommonStockValue`	$298.00K	USD	Point-in-time
Common stock, par value $0.01 per share; 38,000 shares authorized, 30,299 and 29,838 shares issued and outstanding	`CommonStockValue`	$303.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$280.27M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$279.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$79.92M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$679.00K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.72M	USD	Point-in-time
Total Sterling stockholders equity	`StockholdersEquity`	$358.77M	USD	Point-in-time
Total Sterling stockholders equity	`StockholdersEquity`	$405.23M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.46M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.14M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$407.38M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$275.69M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$298.77M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$268.73M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.23B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.35B	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$716.98M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$510.57M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$401.67M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$920.89M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$615.70M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$796.37M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$442.18M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$345.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$101.28M	USD	2 Qtrs
Gross profit	`GrossProfit`	$124.52M	USD	2 Qtrs
Gross profit	`GrossProfit`	$56.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$68.38M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$15.83M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$46.50M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$32.93M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$23.42M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$5.73M	USD	2 Qtrs
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$3.51M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$2.87M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$7.08M	USD	2 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	2 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$485.00K	USD	2 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$230.00K	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-126.00K	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-4.83M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-1.10M	USD	2 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-7.14M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$41.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$32.72M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$55.48M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$69.36M	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$26.00K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$30.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$40.00K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$12.00K	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$4.48M	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$9.07M	USD	2 Qtrs
Interest expense	`InterestExpenseAndAccretedInterest`	$5.74M	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$11.74M	USD	2 Qtrs
Gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$1.40M	USD	1 Quarter
Gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$2.43M	USD	2 Qtrs
Gain on extinguishment of debt, net	`GainsLossesOnExtinguishmentOfDebt`	$1.06M	USD	2 Qtrs
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$36.64M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$62.76M	USD	2 Qtrs
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$28.40M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$44.82M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$16.86M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.18M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$12.94M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$10.27M	USD	1 Quarter
Net income	`ProfitLoss`	$31.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$45.90M	USD	2 Qtrs
Net income	`ProfitLoss`	$11.67M	USD	1 Quarter
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.22M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$411.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$161.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.27M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$682.00K	USD	2 Qtrs
Net income attributable to Sterling common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$30.61M	USD	2 Qtrs
Net income attributable to Sterling common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$45.21M	USD	2 Qtrs
Net income attributable to Sterling common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$20.06M	USD	1 Quarter
Net income attributable to Sterling common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.96M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.50	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.08	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.06	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.50	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.58M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.43M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.23M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.09M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.23M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.36M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.88M	shares	2 Qtrs

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$31.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$45.90M	USD	2 Qtrs
Net income	`ProfitLoss`	$11.67M	USD	1 Quarter
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.71M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.41M	USD	2 Qtrs
Amortization of debt issuance costs and non-cash interest	`AmortizationOfFinancingCostsAndDiscounts`	$1.26M	USD	2 Qtrs
Amortization of debt issuance costs and non-cash interest	`AmortizationOfFinancingCostsAndDiscounts`	$1.10M	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$437.00K	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$716.00K	USD	2 Qtrs
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	$1.40M	USD	1 Quarter
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	$2.43M	USD	2 Qtrs
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	$1.06M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$8.87M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.15M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$11.29M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$14.51M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.85M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.46M	USD	2 Qtrs
Change in fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$173.00K	USD	2 Qtrs
Change in fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$51.00K	USD	2 Qtrs
Changes in operating assets and liabilities (Note 16)	`IncreaseDecreaseInOperatingCapital`	$55.47M	USD	2 Qtrs
Changes in operating assets and liabilities (Note 16)	`IncreaseDecreaseInOperatingCapital`	$-28.04M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$91.49M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.59M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.03M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.15M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.95M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$690.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$951.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.46M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.03M	USD	2 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$40.07M	USD	2 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$11.77M	USD	2 Qtrs
Distributions to noncontrolling interest owners	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Distributions to noncontrolling interest owners	`PaymentsToMinorityShareholders`	$1.96M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-602.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.63M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.77M	USD	2 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.21M	USD	2 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$27.40M	USD	2 Qtrs
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.48M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.64M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.69M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.04M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.48M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.64M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.69M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.04M	USD	Point-in-time
Less: restricted cash (other current assets)	`RestrictedCash`	$6.41M	USD	Point-in-time
Less: restricted cash (other current assets)	`RestrictedCash`	$7.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$93.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$81.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$72.91M	USD	Point-in-time
Capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$4.42M	USD	2 Qtrs
Capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$1.10M	USD	2 Qtrs

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$407.38M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$275.69M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$298.77M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$268.73M	USD	Point-in-time
Net income	`ProfitLoss`	$31.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$45.90M	USD	2 Qtrs
Net income	`ProfitLoss`	$11.67M	USD	1 Quarter
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.22M	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$839.00K	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$895.00K	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$728.00K	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.56M	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.40M	USD	2 Qtrs
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.62M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.83M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.02M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$3.52M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.33M	USD	1 Quarter
Distributions to owners	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.96M	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$191.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$144.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$120.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$192.00K	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.39M	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.62M	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-3.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	29.84M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$407.38M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$275.69M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$298.77M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$268.73M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$31.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$45.90M	USD	2 Qtrs
Net income	`ProfitLoss`	$11.67M	USD	1 Quarter
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.22M	USD	1 Quarter
Change in interest rate swap, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$839.00K	USD	1 Quarter
Change in interest rate swap, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$895.00K	USD	1 Quarter
Change in interest rate swap, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$728.00K	USD	1 Quarter
Change in interest rate swap, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.56M	USD	1 Quarter
Change in interest rate swap, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.40M	USD	2 Qtrs
Change in interest rate swap, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.62M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$20.95M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$33.51M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$48.30M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$27.21M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$411.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$161.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.27M	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$682.00K	USD	2 Qtrs
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$26.80M	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$20.78M	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$32.23M	USD	2 Qtrs
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$47.62M	USD	2 Qtrs

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