10-Q Filing

STERLING INFRASTRUCTURE, INC. CIK: 874238 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000874238-23-000108`
Period End Date	20230630
Filing Date	20230808
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	strl-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 108 Cash Flow Statement 59 Stockholders Equity 38 Comprehensive Income 31

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents ($28,484 and $25,014 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$62.08M	USD	Point-in-time
Cash and cash equivalents ($28,484 and $25,014 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$181.54M	USD	Point-in-time
Cash and cash equivalents ($28,484 and $25,014 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$278.12M	USD	Point-in-time
Accounts receivable ($2,280 and $0 related to VIEs)	`ReceivablesLongTermContractsOrPrograms`	$262.65M	USD	Point-in-time
Accounts receivable ($2,280 and $0 related to VIEs)	`ReceivablesLongTermContractsOrPrograms`	$296.50M	USD	Point-in-time
Contract assets	`CapitalizedContractCostGross`	$109.80M	USD	Point-in-time
Contract assets	`CapitalizedContractCostGross`	$115.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.08M	USD	Point-in-time
Receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVenture`	$14.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$181.54M	USD	Point-in-time
Receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVenture`	$11.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$278.12M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.14M	USD	Point-in-time
Accounts receivable	`ReceivablesLongTermContractsOrPrograms`	$262.65M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.77M	USD	Point-in-time
Accounts receivable	`ReceivablesLongTermContractsOrPrograms`	$296.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$715.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$597.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$228.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$215.48M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$335.88M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$239.30M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$61.11M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$59.41M	USD	Point-in-time
Goodwill	`Goodwill`	$262.69M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	58.00M	shares	Point-in-time
Goodwill	`Goodwill`	$262.69M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	38.00M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	30.59M	shares	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$291.65M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$299.12M	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	30.82M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	30.82M	shares	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$7.65M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$7.65M	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	30.59M	shares	Point-in-time
Total assets	`Assets`	$1.44B	USD	Point-in-time
Total assets	`Assets`	$1.57B	USD	Point-in-time
Accounts payable ($4,658 and $2,540 related to VIEs)	`AccountsPayableCurrent`	$121.89M	USD	Point-in-time
Accounts payable ($4,658 and $2,540 related to VIEs)	`AccountsPayableCurrent`	$140.62M	USD	Point-in-time
Contract liabilities ($17,030 and $15,551 related to VIEs)	`ContractWithCustomerLiabilityCurrent`	$335.88M	USD	Point-in-time
Contract liabilities ($17,030 and $15,551 related to VIEs)	`ContractWithCustomerLiabilityCurrent`	$239.30M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$32.61M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$35.06M	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`	$18.13M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$24.14M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$25.34M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.97M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$446.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$567.76M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$398.74M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$329.28M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$43.09M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$40.10M	USD	Point-in-time
Members interest subject to mandatory redemption and undistributed earnings	`MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings`	$21.30M	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`	$58.45M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.12M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.03B	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; 58,000 and 38,000 shares authorized, 30,816 and 30,585 shares issued and outstanding	`CommonStockValue`	$306.00K	USD	Point-in-time
Common stock, par value $0.01 per share; 58,000 and 38,000 shares authorized, 30,816 and 30,585 shares issued and outstanding	`CommonStockValue`	$308.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$291.76M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$287.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$245.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$186.38M	USD	Point-in-time
Total Sterling stockholders equity	`StockholdersEquity`	$474.60M	USD	Point-in-time
Total Sterling stockholders equity	`StockholdersEquity`	$537.57M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$4.34M	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`	$541.91M	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`	$377.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$477.80M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.44B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.57B	USD	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$522.33M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$827.79M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$461.83M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$925.90M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$771.89M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$390.82M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$430.05M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$701.63M	USD	2 Qtrs
Gross profit	`GrossProfit`	$126.16M	USD	2 Qtrs
Gross profit	`GrossProfit`	$71.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$92.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$154.02M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$20.84M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$47.35M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$24.03M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$41.14M	USD	2 Qtrs
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$3.74M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$7.47M	USD	2 Qtrs
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$7.08M	USD	2 Qtrs
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$3.51M	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$485.00K	USD	2 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$59.00K	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$230.00K	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$249.00K	USD	2 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-6.05M	USD	2 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-2.43M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-4.18M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-4.10M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$60.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$92.89M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$73.35M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$43.99M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$36.00K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$28.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$4.18M	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$2.20M	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$15.26M	USD	2 Qtrs
Interest expense	`InterestExpenseAndAccretedInterest`	$7.73M	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$9.13M	USD	2 Qtrs
Interest expense	`InterestExpenseAndAccretedInterest`	$4.48M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$81.81M	USD	2 Qtrs
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$39.54M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$64.26M	USD	2 Qtrs
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$54.73M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$14.51M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$21.54M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$11.02M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.79M	USD	2 Qtrs
Net income, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$60.27M	USD	2 Qtrs
Net income, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$40.23M	USD	1 Quarter
Net income, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$28.52M	USD	1 Quarter
Net income, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$46.47M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$750.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$682.00K	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$1.14M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$411.00K	USD	1 Quarter
Net income from Continuing Operations	`IncomeLossFromContinuingOperations`	$45.79M	USD	2 Qtrs
Net income from Continuing Operations	`IncomeLossFromContinuingOperations`	$59.13M	USD	2 Qtrs
Net income from Continuing Operations	`IncomeLossFromContinuingOperations`	$39.48M	USD	1 Quarter
Net income from Continuing Operations	`IncomeLossFromContinuingOperations`	$28.11M	USD	1 Quarter
Pretax loss	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTaxAndGainOnDisposition`	$-1.50M	USD	2 Qtrs
Pretax loss	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTaxAndGainOnDisposition`	-	USD	1 Quarter
Pretax loss	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTaxAndGainOnDisposition`	-	USD	2 Qtrs
Pretax loss	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTaxAndGainOnDisposition`	$-2.90M	USD	1 Quarter
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-928.00K	USD	2 Qtrs
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	1 Quarter
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	2 Qtrs
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-747.00K	USD	1 Quarter
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-573.00K	USD	2 Qtrs
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-2.15M	USD	1 Quarter
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	2 Qtrs
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net income attributable to Sterling common stockholders	`NetIncomeLoss`	$39.48M	USD	1 Quarter
Net income attributable to Sterling common stockholders	`NetIncomeLoss`	$45.21M	USD	2 Qtrs
Net income attributable to Sterling common stockholders	`NetIncomeLoss`	$25.96M	USD	1 Quarter
Net income attributable to Sterling common stockholders	`NetIncomeLoss`	$59.13M	USD	2 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.28	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.93	USD	2 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.93	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.52	USD	2 Qtrs
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.91	USD	2 Qtrs
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.93	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.52	USD	2 Qtrs
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.27	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.07	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	2 Qtrs
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.02	USD	2 Qtrs
Diluted(in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.02	USD	2 Qtrs
Diluted(in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted(in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	2 Qtrs
Diluted(in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.50	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.93	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.28	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.27	USD	1 Quarter
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`	$1.91	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.78M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.70M	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`	30.36M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.89M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.23M	shares	2 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.04M	USD	1 Quarter
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$40.23M	USD	1 Quarter
Net income	`ProfitLoss`	$45.90M	USD	2 Qtrs
Net income	`ProfitLoss`	$60.27M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.67M	USD	2 Qtrs
Amortization of debt issuance costs and non-cash interest	`AmortizationOfFinancingCostsAndDiscounts`	$1.10M	USD	2 Qtrs
Amortization of debt issuance costs and non-cash interest	`AmortizationOfFinancingCostsAndDiscounts`	$877.00K	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.63M	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$716.00K	USD	2 Qtrs
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	$2.43M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$6.79M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$14.51M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.24M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.00M	USD	2 Qtrs
Change in fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	-	USD	2 Qtrs
Change in fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$173.00K	USD	2 Qtrs
Changes in operating assets and liabilities (Note 14)	`IncreaseDecreaseInOperatingCapital`	$-81.13M	USD	2 Qtrs
Changes in operating assets and liabilities (Note 14)	`IncreaseDecreaseInOperatingCapital`	$46.86M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.97M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$181.11M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.03M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Disposition proceeds	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$14.00M	USD	2 Qtrs
Disposition proceeds	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.95M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.86M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.53M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$951.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.33M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.03M	USD	2 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$67.59M	USD	2 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$11.77M	USD	2 Qtrs
Withholding taxes paid on net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.38M	USD	2 Qtrs
Withholding taxes paid on net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.33M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.16M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-71.92M	USD	2 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$92.86M	USD	2 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.21M	USD	2 Qtrs
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 beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$278.12M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.48M	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
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$278.12M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.48M	USD	Point-in-time
Less: restricted cash - Continuing Operations	`RestrictedCashOtherCurrentAssetsDisposalGroupIncludingContinuedOperations`	-	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`	-	USD	Point-in-time
Less: cash, cash equivalents and restricted cash - Discontinued Operations	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$14.69M	USD	Point-in-time
Cash and cash equivalents at end of period - Continuing Operations	`CashAndCashEquivalentsAtCarryingValue`	$62.08M	USD	Point-in-time
Cash and cash equivalents at end of period - Continuing Operations	`CashAndCashEquivalentsAtCarryingValue`	$181.54M	USD	Point-in-time
Cash and cash equivalents at end of period - Continuing Operations	`CashAndCashEquivalentsAtCarryingValue`	$278.12M	USD	Point-in-time
Capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$1.06M	USD	2 Qtrs
Capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$705.00K	USD	2 Qtrs

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	30.82M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	30.59M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$498.25M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$541.91M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$407.38M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$477.80M	USD	Point-in-time
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Net income	`ProfitLoss`	$20.04M	USD	1 Quarter
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$40.23M	USD	1 Quarter
Net income	`ProfitLoss`	$45.90M	USD	2 Qtrs
Net income	`ProfitLoss`	$60.27M	USD	2 Qtrs
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.56M	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	2 Qtrs
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$839.00K	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.40M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$3.52M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.33M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$3.27M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.49M	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$218.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$192.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$199.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$191.00K	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$40.00K	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.29M	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.39M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	30.82M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	30.59M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$498.25M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$541.91M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$360.23M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$407.38M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.64M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$477.80M	USD	Point-in-time

Comprehensive Income 31 line items

Line Item	Tag	Value	Unit	Period
Net income from Continuing Operations, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$60.27M	USD	2 Qtrs
Net income from Continuing Operations, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$40.23M	USD	1 Quarter
Net income from Continuing Operations, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$28.52M	USD	1 Quarter
Net income from Continuing Operations, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$46.47M	USD	2 Qtrs
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-573.00K	USD	2 Qtrs
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-2.15M	USD	1 Quarter
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	2 Qtrs
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	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
Net income, including noncontrolling interests	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income, including noncontrolling interests	`ProfitLoss`	$40.23M	USD	1 Quarter
Net income, including noncontrolling interests	`ProfitLoss`	$45.90M	USD	2 Qtrs
Net income, including noncontrolling interests	`ProfitLoss`	$60.27M	USD	2 Qtrs
Change in interest rate swap, net of tax (Note 12)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	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	2 Qtrs
Change in interest rate swap, net of tax (Note 12)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$839.00K	USD	1 Quarter
Change in interest rate swap, net of tax (Note 12)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.40M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$60.27M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$27.21M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$48.30M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$40.23M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.14M	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$411.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$682.00K	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$750.00K	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$26.80M	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$39.48M	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$47.62M	USD	2 Qtrs
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$59.13M	USD	2 Qtrs

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