10-Q Filing

STERLING INFRASTRUCTURE, INC. CIK: 874238 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000874238-23-000067`
Period End Date	20230331
Filing Date	20230502
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	strl-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 54 Cash Flow Statement 53 Stockholders Equity 22 Comprehensive Income 14

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents ($25,186 and $25,014 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$69.40M	USD	Point-in-time
Cash and cash equivalents ($25,186 and $25,014 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$202.58M	USD	Point-in-time
Cash and cash equivalents ($25,186 and $25,014 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$181.54M	USD	Point-in-time
Accounts receivable ($1,916 and $0 related to VIEs)	`ReceivablesLongTermContractsOrPrograms`	$262.65M	USD	Point-in-time
Accounts receivable ($1,916 and $0 related to VIEs)	`ReceivablesLongTermContractsOrPrograms`	$230.15M	USD	Point-in-time
Contract assets	`CapitalizedContractCostGross`	$109.80M	USD	Point-in-time
Contract assets	`CapitalizedContractCostGross`	$125.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.40M	USD	Point-in-time
Receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVenture`	$13.65M	USD	Point-in-time
Receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVenture`	$14.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$202.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$181.54M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.09M	USD	Point-in-time
Accounts receivable	`ReceivablesLongTermContractsOrPrograms`	$262.65M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.14M	USD	Point-in-time
Accounts receivable	`ReceivablesLongTermContractsOrPrograms`	$230.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$597.25M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$59.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$587.96M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$62.28M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$215.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$119.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$215.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.89M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$239.30M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$242.33M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$59.41M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$62.28M	USD	Point-in-time
Current portion of long-term lease obligations	`OperatingLeaseLiabilityCurrent`	$19.71M	USD	Point-in-time
Goodwill	`Goodwill`	$262.69M	USD	Point-in-time
Goodwill	`Goodwill`	$262.67M	USD	Point-in-time
Current portion of long-term lease obligations	`OperatingLeaseLiabilityCurrent`	$17.38M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$295.39M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.97M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.57M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$299.12M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$7.65M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$7.62M	USD	Point-in-time
Total assets	`Assets`	$1.43B	USD	Point-in-time
Total assets	`Assets`	$1.44B	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
Common stock issued (in shares)	`CommonStockSharesIssued`	30.79M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	30.59M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	30.59M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	30.79M	shares	Point-in-time
Accounts payable ($4,070 and $2,540 related to VIEs)	`AccountsPayableCurrent`	$119.45M	USD	Point-in-time
Accounts payable ($4,070 and $2,540 related to VIEs)	`AccountsPayableCurrent`	$121.89M	USD	Point-in-time
Contract liabilities ($15,413 and $15,551 related to VIEs)	`ContractWithCustomerLiabilityCurrent`	$239.30M	USD	Point-in-time
Contract liabilities ($15,413 and $15,551 related to VIEs)	`ContractWithCustomerLiabilityCurrent`	$242.33M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$35.06M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$32.61M	USD	Point-in-time
Current portion of long-term lease obligations	`OperatingLeaseLiabilityCurrent`	$19.71M	USD	Point-in-time
Current portion of long-term lease obligations	`OperatingLeaseLiabilityCurrent`	$17.38M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$16.90M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$24.14M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.97M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$444.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$446.61M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$365.55M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$398.74M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$40.10M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$45.16M	USD	Point-in-time
Members interest subject to mandatory redemption and undistributed earnings	`MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings`	$18.42M	USD	Point-in-time
Members interest subject to mandatory redemption and undistributed earnings	`MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings`	$21.60M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$51.66M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$54.39M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.12M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$932.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$963.82M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01 per share; 38,000 shares authorized, 30,790 and 30,585 shares issued and outstanding	`CommonStockValue`	$306.00K	USD	Point-in-time
Common stock, par value $0.01 per share; 38,000 shares authorized, 30,790 and 30,585 shares issued and outstanding	`CommonStockValue`	$308.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$288.33M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$287.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$206.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$186.38M	USD	Point-in-time
Total Sterling stockholders equity	`StockholdersEquity`	$494.66M	USD	Point-in-time
Total Sterling stockholders equity	`StockholdersEquity`	$474.60M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.59M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$498.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$477.80M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.44B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.43B	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$403.58M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$365.96M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$341.84M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$310.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$61.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$55.15M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$23.32M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$20.30M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$3.74M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$3.57M	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$255.00K	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$190.00K	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-1.87M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-1.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$32.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$29.36M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$8.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.97M	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$4.65M	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$7.53M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$24.72M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$27.07M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.78M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.03M	USD	1 Quarter
Net income, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$20.04M	USD	1 Quarter
Net income, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$17.94M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$271.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$391.00K	USD	1 Quarter
Net income from Continuing Operations	`IncomeLossFromContinuingOperations`	$17.67M	USD	1 Quarter
Net income from Continuing Operations	`IncomeLossFromContinuingOperations`	$19.65M	USD	1 Quarter
Pretax income	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTaxAndGainOnDisposition`	-	USD	1 Quarter
Pretax income	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTaxAndGainOnDisposition`	$1.40M	USD	1 Quarter
Income tax expense	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-181.00K	USD	1 Quarter
Income tax expense	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	1 Quarter
Net income from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net income from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.58M	USD	1 Quarter
Net income attributable to Sterling common stockholders	`NetIncomeLoss`	$19.25M	USD	1 Quarter
Net income attributable to Sterling common stockholders	`NetIncomeLoss`	$19.65M	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.64	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.59	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.64	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.59	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.05	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Diluted(in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.05	USD	1 Quarter
Diluted(in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.62M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	29.96M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.11M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.79M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.69M	USD	1 Quarter
Amortization of debt issuance costs and non-cash interest	`AmortizationOfFinancingCostsAndDiscounts`	$556.00K	USD	1 Quarter
Amortization of debt issuance costs and non-cash interest	`AmortizationOfFinancingCostsAndDiscounts`	$422.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$228.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.67M	USD	1 Quarter
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	$2.43M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$2.73M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$5.64M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.61M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.24M	USD	1 Quarter
Change in fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$90.00K	USD	1 Quarter
Changes in operating assets and liabilities (Note 14)	`IncreaseDecreaseInOperatingCapital`	$-10.61M	USD	1 Quarter
Changes in operating assets and liabilities (Note 14)	`IncreaseDecreaseInOperatingCapital`	$10.78M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.57M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$49.06M	USD	1 Quarter
Disposition proceeds	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	1 Quarter
Disposition proceeds	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$14.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.97M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.22M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.73M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$406.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.56M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.50M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$5.93M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$30.84M	USD	1 Quarter
Withholding taxes paid on net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.38M	USD	1 Quarter
Withholding taxes paid on net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.29M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-35.13M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.31M	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$20.43M	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.31M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$87.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$205.70M	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`	$185.26M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$87.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$205.70M	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`	$185.26M	USD	Point-in-time
Less: restricted cash - Continuing Operations	`RestrictedCashOtherCurrentAssetsDisposalGroupIncludingContinuedOperations`	$3.12M	USD	Point-in-time
Less: restricted cash - Continuing Operations	`RestrictedCashOtherCurrentAssetsDisposalGroupIncludingContinuedOperations`	$3.72M	USD	Point-in-time
Less: cash, cash equivalents and restricted cash - Discontinued Operations	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$14.26M	USD	Point-in-time
Less: cash, cash equivalents and restricted cash - Discontinued Operations	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	-	USD	Point-in-time
Cash and cash equivalents at end of period - Continuing Operations	`CashAndCashEquivalentsAtCarryingValue`	$69.40M	USD	Point-in-time
Cash and cash equivalents at end of period - Continuing Operations	`CashAndCashEquivalentsAtCarryingValue`	$202.58M	USD	Point-in-time
Cash and cash equivalents at end of period - Continuing Operations	`CashAndCashEquivalentsAtCarryingValue`	$181.54M	USD	Point-in-time
Capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$998.00K	USD	1 Quarter
Capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$2.46M	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	30.59M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	30.79M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$498.25M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$477.80M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.04M	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.56M	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$3.52M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.49M	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$192.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$218.00K	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.39M	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.29M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	30.59M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	30.79M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$498.25M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$477.80M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income from Continuing Operations, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$20.04M	USD	1 Quarter
Net income from Continuing Operations, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$17.94M	USD	1 Quarter
Net income from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net income from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.58M	USD	1 Quarter
Net income, including noncontrolling interests	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income, including noncontrolling interests	`ProfitLoss`	$20.04M	USD	1 Quarter
Change in interest rate swap, net of tax (Note 12)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.56M	USD	1 Quarter
Change in interest rate swap, net of tax (Note 12)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$21.09M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$20.04M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$391.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$271.00K	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$19.65M	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$20.82M	USD	1 Quarter

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