10-Q Filing

STERLING INFRASTRUCTURE, INC. CIK: 874238 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0000874238-23-000118`
Period End Date	20230930
Filing Date	20231107
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	strl-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 108 Cash Flow Statement 63 Stockholders Equity 52 Comprehensive Income 34

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents ($28,478 and $25,014 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$136.19M	USD	Point-in-time
Cash and cash equivalents ($28,478 and $25,014 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$409.40M	USD	Point-in-time
Cash and cash equivalents ($28,478 and $25,014 related to variable interest entities (VIEs))	`CashAndCashEquivalentsAtCarryingValue`	$181.54M	USD	Point-in-time
Accounts receivable ($2,299 and $0 related to VIEs)	`ReceivablesLongTermContractsOrPrograms`	$262.65M	USD	Point-in-time
Accounts receivable ($2,299 and $0 related to VIEs)	`ReceivablesLongTermContractsOrPrograms`	$326.33M	USD	Point-in-time
Contract assets ($112 and $0 related to VIEs)	`CapitalizedContractCostGross`	$109.80M	USD	Point-in-time
Contract assets ($112 and $0 related to VIEs)	`CapitalizedContractCostGross`	$107.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.19M	USD	Point-in-time
Receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVentures`	$14.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$409.40M	USD	Point-in-time
Receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVentures`	$14.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$181.54M	USD	Point-in-time
Accounts receivable	`ReceivablesLongTermContractsOrPrograms`	$262.65M	USD	Point-in-time
Accounts receivable	`ReceivablesLongTermContractsOrPrograms`	$326.33M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.14M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.32M	USD	Point-in-time
Contract assets	`CapitalizedContractCostGross`	$109.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$875.96M	USD	Point-in-time
Contract assets	`CapitalizedContractCostGross`	$107.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$597.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$150.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$215.48M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$231.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.89M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$239.30M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$58.49M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$59.41M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$432.21M	USD	Point-in-time
Goodwill	`Goodwill`	$262.69M	USD	Point-in-time
Goodwill	`Goodwill`	$262.69M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$287.91M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	58.00M	shares	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$299.12M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	38.00M	shares	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$7.68M	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	30.59M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	30.83M	shares	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
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	30.83M	shares	Point-in-time
Total assets	`Assets`	$1.72B	USD	Point-in-time
Total assets	`Assets`	$1.44B	USD	Point-in-time
Accounts payable ($4,260 and $2,540 related to VIEs)	`AccountsPayableCurrent`	$150.22M	USD	Point-in-time
Accounts payable ($4,260 and $2,540 related to VIEs)	`AccountsPayableCurrent`	$121.89M	USD	Point-in-time
Contract liabilities ($16,588 and $15,551 related to VIEs)	`ContractWithCustomerLiabilityCurrent`	$239.30M	USD	Point-in-time
Contract liabilities ($16,588 and $15,551 related to VIEs)	`ContractWithCustomerLiabilityCurrent`	$432.21M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$35.14M	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`	$18.40M	USD	Point-in-time
Current portion of long-term lease obligations	`OperatingLeaseLiabilityCurrent`	$19.71M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$24.14M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$35.51M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.97M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$14.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$446.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$685.84M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$321.59M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$398.74M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$40.20M	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`	$22.61M	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`	$61.85M	USD	Point-in-time
Deferred tax liability, net	`DeferredIncomeTaxLiabilitiesNet`	$51.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.24M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$963.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.14B	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, 30,828 and 30,585 shares issued and outstanding	`CommonStockValue`	$308.00K	USD	Point-in-time
Common stock, par value $0.01 per share; 58,000 and 38,000 shares authorized, 30,828 and 30,585 shares issued and outstanding	`CommonStockValue`	$306.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$287.91M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$295.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$284.86M	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`	$580.35M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.20M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$5.13M	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`	$541.91M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$585.47M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$439.89M	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 liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.44B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.72B	USD	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$560.35M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$493.04M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.49B	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.32B	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$413.60M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$468.48M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$1.12B	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$1.24B	USD	3 Qtrs
Gross profit	`GrossProfit`	$79.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$205.60M	USD	3 Qtrs
Gross profit	`GrossProfit`	$91.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$245.88M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$63.38M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$72.59M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$25.24M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$22.23M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$11.21M	USD	3 Qtrs
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$10.59M	USD	3 Qtrs
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$3.51M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$3.74M	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$562.00K	USD	3 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$352.00K	USD	3 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$77.00K	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$103.00K	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-4.15M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-8.24M	USD	3 Qtrs
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-5.65M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-11.70M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$122.83M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$49.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$150.03M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$57.14M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$201.00K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$4.15M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$165.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$8.33M	USD	3 Qtrs
Interest expense	`InterestExpenseAndAccretedInterest`	$22.52M	USD	3 Qtrs
Interest expense	`InterestExpenseAndAccretedInterest`	$5.13M	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$7.26M	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$14.26M	USD	3 Qtrs
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$108.77M	USD	3 Qtrs
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$54.03M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$44.51M	USD	1 Quarter
Income before income taxes	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$135.84M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$13.89M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$30.97M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$35.43M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$13.17M	USD	1 Quarter
Net income, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$31.33M	USD	1 Quarter
Net income, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$100.41M	USD	3 Qtrs
Net income, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$40.14M	USD	1 Quarter
Net income, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$77.80M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$1.93M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$1.32M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$786.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$634.00K	USD	1 Quarter
Net income from Continuing Operations	`IncomeLossFromContinuingOperations`	$39.35M	USD	1 Quarter
Net income from Continuing Operations	`IncomeLossFromContinuingOperations`	$30.70M	USD	1 Quarter
Net income from Continuing Operations	`IncomeLossFromContinuingOperations`	$98.48M	USD	3 Qtrs
Net income from Continuing Operations	`IncomeLossFromContinuingOperations`	$76.48M	USD	3 Qtrs
Pretax loss	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTaxAndGainOnDisposition`	$-3.29M	USD	3 Qtrs
Pretax loss	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTaxAndGainOnDisposition`	$-1.79M	USD	1 Quarter
Pretax loss	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTaxAndGainOnDisposition`	-	USD	1 Quarter
Pretax loss	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTaxAndGainOnDisposition`	-	USD	3 Qtrs
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-1.54M	USD	3 Qtrs
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-611.00K	USD	1 Quarter
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	3 Qtrs
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	1 Quarter
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.18M	USD	1 Quarter
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	3 Qtrs
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.75M	USD	3 Qtrs
Net income attributable to Sterling common stockholders	`NetIncomeLoss`	$29.52M	USD	1 Quarter
Net income attributable to Sterling common stockholders	`NetIncomeLoss`	$98.48M	USD	3 Qtrs
Net income attributable to Sterling common stockholders	`NetIncomeLoss`	$39.35M	USD	1 Quarter
Net income attributable to Sterling common stockholders	`NetIncomeLoss`	$74.74M	USD	3 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.01	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$3.20	USD	3 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.54	USD	3 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.28	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$3.17	USD	3 Qtrs
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.26	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.01	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.52	USD	3 Qtrs
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	3 Qtrs
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.04	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.06	USD	3 Qtrs
Diluted(in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	3 Qtrs
Diluted(in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.06	USD	3 Qtrs
Diluted(in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.04	USD	1 Quarter
Diluted(in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.48	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.20	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.98	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.28	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.26	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.17	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.46	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.28M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.16M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.73M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.22M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.36M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.05M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.54M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$20.04M	USD	1 Quarter
Net income	`ProfitLoss`	$40.23M	USD	1 Quarter
Net income	`ProfitLoss`	$40.14M	USD	1 Quarter
Net income	`ProfitLoss`	$76.05M	USD	3 Qtrs
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$100.41M	USD	3 Qtrs
Net income	`ProfitLoss`	$30.16M	USD	1 Quarter
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$38.55M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.53M	USD	3 Qtrs
Amortization of debt issuance costs and non-cash interest	`AmortizationOfFinancingCostsAndDiscounts`	$1.64M	USD	3 Qtrs
Amortization of debt issuance costs and non-cash interest	`AmortizationOfFinancingCostsAndDiscounts`	$1.33M	USD	3 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.10M	USD	3 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.93M	USD	3 Qtrs
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	$2.43M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$10.19M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$24.98M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.97M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$10.97M	USD	3 Qtrs
Change in fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	$320.00K	USD	3 Qtrs
Change in fair value of interest rate swap	`UnrealizedGainLossOnDerivatives`	-	USD	3 Qtrs
Changes in operating assets and liabilities (Note 14)	`IncreaseDecreaseInOperatingCapital`	$-169.88M	USD	3 Qtrs
Changes in operating assets and liabilities (Note 14)	`IncreaseDecreaseInOperatingCapital`	$6.34M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$331.21M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$138.17M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.03M	USD	3 Qtrs
Disposition proceeds	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$14.00M	USD	3 Qtrs
Disposition proceeds	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.24M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.83M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.61M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.04M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.64M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.82M	USD	3 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$76.85M	USD	3 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$17.61M	USD	3 Qtrs
Withholding taxes paid on net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.58M	USD	3 Qtrs
Withholding taxes paid on net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.52M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-16.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-25.13M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-81.44M	USD	3 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$65.21M	USD	3 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$224.13M	USD	3 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`	$409.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.91M	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`	$409.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.91M	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`	$14.00M	USD	Point-in-time
Cash and cash equivalents at end of period - Continuing Operations	`CashAndCashEquivalentsAtCarryingValue`	$136.19M	USD	Point-in-time
Cash and cash equivalents at end of period - Continuing Operations	`CashAndCashEquivalentsAtCarryingValue`	$409.40M	USD	Point-in-time
Cash and cash equivalents at end of period - Continuing Operations	`CashAndCashEquivalentsAtCarryingValue`	$181.54M	USD	Point-in-time
Capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$562.00K	USD	3 Qtrs
Capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$4.15M	USD	3 Qtrs

Stockholders Equity 52 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	30.59M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	30.83M	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`	$377.64M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$541.91M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$585.47M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$439.89M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$498.25M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$477.80M	USD	Point-in-time
Net income	`ProfitLoss`	$20.04M	USD	1 Quarter
Net income	`ProfitLoss`	$40.23M	USD	1 Quarter
Net income	`ProfitLoss`	$40.14M	USD	1 Quarter
Net income	`ProfitLoss`	$76.05M	USD	3 Qtrs
Net income	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income	`ProfitLoss`	$100.41M	USD	3 Qtrs
Net income	`ProfitLoss`	$30.16M	USD	1 Quarter
Net income	`ProfitLoss`	$19.52M	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.30M	USD	3 Qtrs
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-101.00K	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.56M	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$839.00K	USD	1 Quarter
Change in interest rate swap	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$3.27M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.44M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.49M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$3.45M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$3.52M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.33M	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$218.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$199.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$192.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$155.00K	USD	1 Quarter
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$240.00K	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
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$251.00K	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$135.00K	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-16.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	30.59M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	30.83M	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`	$377.64M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$541.91M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$585.47M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$439.89M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$498.25M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$477.80M	USD	Point-in-time

Comprehensive Income 34 line items

Line Item	Tag	Value	Unit	Period
Net income from Continuing Operations, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$31.33M	USD	1 Quarter
Net income from Continuing Operations, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$100.41M	USD	3 Qtrs
Net income from Continuing Operations, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$40.14M	USD	1 Quarter
Net income from Continuing Operations, including noncontrolling interests	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$77.80M	USD	3 Qtrs
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.18M	USD	1 Quarter
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	3 Qtrs
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net loss from Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.75M	USD	3 Qtrs
Net income, including noncontrolling interests	`ProfitLoss`	$20.04M	USD	1 Quarter
Net income, including noncontrolling interests	`ProfitLoss`	$40.23M	USD	1 Quarter
Net income, including noncontrolling interests	`ProfitLoss`	$40.14M	USD	1 Quarter
Net income, including noncontrolling interests	`ProfitLoss`	$76.05M	USD	3 Qtrs
Net income, including noncontrolling interests	`ProfitLoss`	$26.37M	USD	1 Quarter
Net income, including noncontrolling interests	`ProfitLoss`	$100.41M	USD	3 Qtrs
Net income, including noncontrolling interests	`ProfitLoss`	$30.16M	USD	1 Quarter
Net income, including noncontrolling interests	`ProfitLoss`	$19.52M	USD	1 Quarter
Change in interest rate swap, net of tax (Note 12)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.30M	USD	3 Qtrs
Change in interest rate swap, net of tax (Note 12)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-101.00K	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
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`	-	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$100.41M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$30.06M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$78.35M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$40.14M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$786.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$634.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.32M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.93M	USD	3 Qtrs
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$39.35M	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$29.42M	USD	1 Quarter
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$77.04M	USD	3 Qtrs
Comprehensive income attributable to Sterling common stockholders	`ComprehensiveIncomeNetOfTax`	$98.48M	USD	3 Qtrs

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