10-Q Filing

STERLING INFRASTRUCTURE, INC. CIK: 874238 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001171843-14-003853`
Period End Date	20140630
Filing Date	20140811
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	strl-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 69 Cash Flow Statement 78 Stockholders Equity 14 Comprehensive Income 15

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`Cash`	$1.87M	USD	Point-in-time
Cash and cash equivalents	`Cash`	$14.28M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Contracts receivable, including retainage	`ReceivablesLongTermContractsOrPrograms`	$104.61M	USD	Point-in-time
Contracts receivable, including retainage	`ReceivablesLongTermContractsOrPrograms`	$77.25M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$11.68M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	28.00M	shares	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$31.98M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.81M	shares	Point-in-time
Inventories	`InventoryNet`	$6.19M	USD	Point-in-time
Inventories	`InventoryNet`	$5.59M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.66M	shares	Point-in-time
Receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVenture`	$6.12M	USD	Point-in-time
Receivables from and equity in construction joint ventures	`ReceivablesFromAndEquityInConstructionJointVenture`	$8.82M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.77M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$177.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$114.48M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$93.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$88.92M	USD	Point-in-time
Goodwill	`Goodwill`	$54.82M	USD	Point-in-time
Goodwill	`Goodwill`	$54.82M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$8.92M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$10.03M	USD	Point-in-time
Total assets	`Assets`	$273.02M	USD	Point-in-time
Total assets	`Assets`	$329.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$90.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.60M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$30.25M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$31.58M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$134.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$478.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.04M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.04M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$5.75M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.94M	USD	Point-in-time
Current obligation for noncontrolling owners interest in subsidiaries and joint ventures	`ObligationForNoncontrollingOwnersInterestInSubsidiariesAndJointVentures`	$196.00K	USD	Point-in-time
Other current liabilities	`AccruedLiabilitiesCurrent`	$4.01M	USD	Point-in-time
Other current liabilities	`AccruedLiabilitiesCurrent`	$4.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$135.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.80M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$8.33M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$19.62M	USD	Point-in-time
Members interest subject to mandatory redemption and undistributed earnings	`MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings`	$23.99M	USD	Point-in-time
Members interest subject to mandatory redemption and undistributed earnings	`MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings`	$24.30M	USD	Point-in-time
Other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$2.10M	USD	Point-in-time
Other long-term liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$812.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$34.42M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$44.73M	USD	Point-in-time
Preferred stock, par value $0.01 per share; 1,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.01 per share; 1,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.01 per share; 28,000,000 shares authorized, 18,807,389 and 16,657,754 shares issued	`CommonStockValue`	$167.00K	USD	Point-in-time
Common stock, par value $0.01 per share; 28,000,000 shares authorized, 18,807,389 and 16,657,754 shares issued	`CommonStockValue`	$188.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$205.34M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$190.93M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-62.32M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-60.91M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$58.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$117.00K	USD	Point-in-time
Total Sterling common stockholders equity	`StockholdersEquity`	$128.89M	USD	Point-in-time
Total Sterling common stockholders equity	`StockholdersEquity`	$144.68M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$4.43M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.90M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$149.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.79M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$329.71M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$273.02M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$194.81M	USD	1 Quarter
Revenues	`Revenues`	$133.35M	USD	1 Quarter
Revenues	`Revenues`	$329.34M	USD	2 Qtrs
Revenues	`Revenues`	$244.38M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsSold`	$182.31M	USD	1 Quarter
Cost of revenues	`CostOfGoodsSold`	$308.97M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsSold`	$149.99M	USD	1 Quarter
Cost of revenues	`CostOfGoodsSold`	$259.63M	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$12.50M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-16.64M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-15.25M	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$20.37M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$19.10M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.51M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$17.99M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.49M	USD	1 Quarter
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$-457.00K	USD	1 Quarter
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$450.00K	USD	2 Qtrs
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$599.00K	USD	2 Qtrs
Other operating income (expense), net	`OtherOperatingIncomeExpenseNet`	$108.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-26.01M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$2.54M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$2.98M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-33.89M	USD	2 Qtrs
Gain on sale of securities	`OtherNonoperatingIncomeExpense`	$483.00K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$536.00K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$255.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$189.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$531.00K	USD	2 Qtrs
Interest expense	`InterestExpenseAndAccretedInterest`	$251.00K	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$554.00K	USD	2 Qtrs
Interest expense	`InterestExpenseAndAccretedInterest`	$209.00K	USD	1 Quarter
Interest expense	`InterestExpenseAndAccretedInterest`	$308.00K	USD	2 Qtrs
Income (loss) before income taxes and earnings attributable to noncontrolling interests	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$-25.97M	USD	1 Quarter
Income (loss) before income taxes and earnings attributable to noncontrolling interests	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$2.95M	USD	2 Qtrs
Income (loss) before income taxes and earnings attributable to noncontrolling interests	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$-33.18M	USD	2 Qtrs
Income (loss) before income taxes and earnings attributable to noncontrolling interests	`IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests`	$2.47M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$28.00K	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$28.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-12.55M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-9.75M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$2.93M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-16.22M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$2.44M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-20.64M	USD	2 Qtrs
Noncontrolling owners interests in earnings of subsidiaries and joint ventures	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.52M	USD	2 Qtrs
Noncontrolling owners interests in earnings of subsidiaries and joint ventures	`NetIncomeLossAttributableToNoncontrollingInterest`	$966.00K	USD	2 Qtrs
Noncontrolling owners interests in earnings of subsidiaries and joint ventures	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.25M	USD	1 Quarter
Noncontrolling owners interests in earnings of subsidiaries and joint ventures	`NetIncomeLossAttributableToNoncontrollingInterest`	$805.00K	USD	1 Quarter
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$1.41M	USD	2 Qtrs
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$-17.02M	USD	1 Quarter
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$1.20M	USD	1 Quarter
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$-21.60M	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-1.32	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.08	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.93	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.93	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-1.32	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.63M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.94M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.31M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.61M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.46M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.11M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.61M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.63M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$1.41M	USD	2 Qtrs
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$-17.02M	USD	1 Quarter
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$1.20M	USD	1 Quarter
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$-21.60M	USD	2 Qtrs
Plus: Noncontrolling owners interests in earnings of subsidiaries and joint ventures	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.52M	USD	2 Qtrs
Plus: Noncontrolling owners interests in earnings of subsidiaries and joint ventures	`NetIncomeLossAttributableToNoncontrollingInterest`	$966.00K	USD	2 Qtrs
Plus: Noncontrolling owners interests in earnings of subsidiaries and joint ventures	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.25M	USD	1 Quarter
Plus: Noncontrolling owners interests in earnings of subsidiaries and joint ventures	`NetIncomeLossAttributableToNoncontrollingInterest`	$805.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$2.93M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-16.22M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$2.44M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-20.64M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.49M	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$35.00K	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$916.00K	USD	2 Qtrs
Deferred tax benefit	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Deferred tax benefit	`IncreaseDecreaseInDeferredIncomeTaxes`	$9.28M	USD	2 Qtrs
Deferred tax benefit	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$480.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$383.00K	USD	2 Qtrs
Gain on sale of securities	`GainLossOnSaleOfOtherInvestments`	$483.00K	USD	2 Qtrs
Tax impact from exercise of stock options	`DeferredTaxExpenseFromStockOptionsExercised`	$17.00K	USD	2 Qtrs
Contracts receivable	`IncreaseDecreaseInContractReceivablesNet`	$27.36M	USD	2 Qtrs
Contracts receivable	`IncreaseDecreaseInContractReceivablesNet`	$16.88M	USD	2 Qtrs
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$2.73M	USD	2 Qtrs
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$20.30M	USD	2 Qtrs
Receivables from and equity in construction joint ventures	`IncreaseDecreaseInEquityInvestmentInUnconsolidatedJointVentures`	$2.70M	USD	2 Qtrs
Receivables from and equity in construction joint ventures	`IncreaseDecreaseInEquityInvestmentInUnconsolidatedJointVentures`	$-2.46M	USD	2 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.38M	USD	2 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$60.00K	USD	2 Qtrs
Inventories, deposits and other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.33M	USD	2 Qtrs
Inventories, deposits and other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.41M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.56M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.03M	USD	2 Qtrs
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.33M	USD	2 Qtrs
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$5.52M	USD	2 Qtrs
Accrued compensation and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.71M	USD	2 Qtrs
Accrued compensation and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.82M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.48M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.95M	USD	2 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.69M	USD	2 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.67M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.25M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.09M	USD	2 Qtrs
Purchases of short-term securities, available-for-sale	`PaymentsToAcquireAvailableForSaleSecurities`	$1.16M	USD	2 Qtrs
Sales of short-term securities, available-for-sale	`ProceedsFromSaleOfAvailableForSaleSecurities`	$28.61M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.42M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$22.84M	USD	2 Qtrs
Cumulative daily drawdowns Credit Facility	`ProceedsFromLinesOfCredit`	$94.21M	USD	2 Qtrs
Cumulative daily drawdowns Credit Facility	`ProceedsFromLinesOfCredit`	$150.76M	USD	2 Qtrs
Cumulative daily repayments Credit Facility	`RepaymentsOfLinesOfCredit`	$88.95M	USD	2 Qtrs
Cumulative daily repayments Credit Facility	`RepaymentsOfLinesOfCredit`	$139.98M	USD	2 Qtrs
Distributions to noncontrolling interest owners	`PaymentsToMinorityShareholders`	$200.00K	USD	1 Quarter
Distributions to noncontrolling interest owners	`PaymentsToMinorityShareholders`	$3.24M	USD	2 Qtrs
Distributions to noncontrolling interest owners	`PaymentsToMinorityShareholders`	$1.19M	USD	2 Qtrs
Net proceeds from stock issued	`ProceedsFromIssuanceOfCommonStock`	$14.05M	USD	2 Qtrs
Net proceeds from stock issued	`ProceedsFromIssuanceOfCommonStock`	$14.00M	USD	Point-in-time
Tax impact from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-17.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-338.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-10.00K	USD	2 Qtrs
Net cash provided by in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.99M	USD	2 Qtrs
Net cash provided by in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.30M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.41M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.11M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.14M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$266.00K	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaid`	$533.00K	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$1.00K	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$169.00K	USD	2 Qtrs
Revaluation of noncontrolling interest obligations, net of tax	`RevaluationOfNoncontrollingInterestObligationsNetOfTax`	$-353.00K	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$149.10M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.79M	USD	Point-in-time
Net income	`NetIncomeLossIncludingPortionAttributableToNoncontrollingInterest1`	$2.93M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-59.00K	USD	2 Qtrs
Stock issued upon option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.00K	USD	2 Qtrs
Issuance and amortization of restricted stock	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$383.00K	USD	2 Qtrs
Distribution to owners	`PaymentsOfDistributionsToAffiliates`	$-994.00K	USD	2 Qtrs
Stock issued in equity offering, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$14.05M	USD	2 Qtrs
Stock issued in equity offering, net of expenses (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	43,421.00	shares	1 Quarter
Stock issued in equity offering, net of expenses (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	68,857.00	shares	2 Qtrs
Stock issued in equity offering, net of expenses (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.10M	shares	Point-in-time
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.00K	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$149.10M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.79M	USD	Point-in-time

Comprehensive Income 15 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$1.41M	USD	2 Qtrs
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$-17.02M	USD	1 Quarter
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$1.20M	USD	1 Quarter
Net income (loss) attributable to Sterling common stockholders	`NetIncomeLoss`	$-21.60M	USD	2 Qtrs
Net income attributable to noncontrolling owners interests included in equity	`NetIncomeAttributableToNoncontrollingInterestIncludedInEquity`	$1.52M	USD	2 Qtrs
Net income attributable to noncontrolling owners interests included in equity	`NetIncomeAttributableToNoncontrollingInterestIncludedInEquity`	$678.00K	USD	2 Qtrs
Net income attributable to noncontrolling owners interests included in liabilities	`NetIncomeAttributableToNoncontrollingInterestIncludedInLiabilities`	$288.00K	USD	2 Qtrs
Realized gain from sale of available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-309.00K	USD	2 Qtrs
Change in unrealized holding loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-498.00K	USD	2 Qtrs
Realized gain from settlement of derivatives	`GainLossOnSaleOfDerivatives`	$-30.00K	USD	2 Qtrs
Realized gain from settlement of derivatives	`GainLossOnSaleOfDerivatives`	$-2.00K	USD	2 Qtrs
Change in the effective portion of unrealized gain in fair market value of derivatives	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-88.00K	USD	2 Qtrs
Change in the effective portion of unrealized gain in fair market value of derivatives	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-29.00K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.87M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-21.53M	USD	2 Qtrs

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