10-Q Filing

PRIMORIS SERVICES CORP CIK: 1361538 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-005056`
Period End Date	20200331
Filing Date	20200505
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	prim-20200504x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 44 Cash Flow Statement 73 Stockholders Equity 28 Comprehensive Income 10

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.47M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.67M	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$416.41M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$404.91M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.25M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.67M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$344.81M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.25M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$359.37M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$47.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$42.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$916.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$912.71M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$363.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$375.89M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$242.38M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$253.12M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.09M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.10M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$67.46M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$69.83M	USD	Point-in-time
Goodwill	`Goodwill`	$215.10M	USD	Point-in-time
Goodwill	`Goodwill`	$215.10M	USD	Point-in-time
Goodwill	`Goodwill`	$215.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$13.45M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$17.68M	USD	Point-in-time
Total assets	`Assets`	$1.84B	USD	Point-in-time
Total assets	`Assets`	$1.83B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$235.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$258.96M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$192.40M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$176.85M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$183.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$192.65M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$2.90M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$2.92M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$52.43M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$55.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$670.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$683.78M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$290.75M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$295.64M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$171.22M	USD	Point-in-time
Noncurrent operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$176.55M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$17.82M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$17.82M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$50.76M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$45.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.22B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.20B	USD	Point-in-time
Commitments and contingencies (See Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 48,254,575 and 48,665,138 issued and outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock-$.0001 par value; 90,000,000 shares authorized; 48,254,575 and 48,665,138 issued and outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$91.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$97.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$524.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$531.29M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$76.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.66M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.03M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$610.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$615.44M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.83B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.84B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$743.24M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$661.56M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$609.10M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$695.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$52.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$47.81M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$42.93M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$44.39M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.53M	USD	1 Quarter
Foreign exchange (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$136.00K	USD	1 Quarter
Foreign exchange (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$-185.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$12.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-370.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$349.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$281.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.59M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.11M	USD	1 Quarter
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.73M	USD	1 Quarter
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$-1.53M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$795.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-3.73M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$2.94M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$989.00K	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	1 Quarter
Net (loss) income attributable to Primoris	`NetIncomeLoss`	$-3.74M	USD	1 Quarter
Net (loss) income attributable to Primoris	`NetIncomeLoss`	$1.95M	USD	1 Quarter
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Dividends per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.77M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.19M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.59M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-3.73M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$2.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.80M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$487.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$499.00K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.31M	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.22M	USD	1 Quarter
Unrealized loss on interest rate swap	`UnrealizedGainLossOnDerivatives`	$-1.45M	USD	1 Quarter
Unrealized loss on interest rate swap	`UnrealizedGainLossOnDerivatives`	$-4.97M	USD	1 Quarter
Other non-cash items	`OtherNoncashExpense`	$80.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashExpense`	$1.82M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$13.91M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$24.72M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$2.33M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$15.68M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.23M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.85M	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-182.00K	USD	1 Quarter
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-204.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-59.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$23.93M	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-15.39M	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$2.59M	USD	1 Quarter
Operating lease assets and liabilities, net	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	$1.45M	USD	1 Quarter
Operating lease assets and liabilities, net	`IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities`	$-119.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-9.66M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-179.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-756.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$288.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.47M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-72.10M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.31M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.38M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.40M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.98M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.41M	USD	1 Quarter
Borrowings under revolving line of credit	`ProceedsFromLinesOfCredit`	$40.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$40.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$23.11M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$6.80M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$14.98M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$17.17M	USD	1 Quarter
Proceeds from issuance of common stock purchased under a long-term incentive plan	`ProceedsFromIssuanceOfCommonStock`	$1.80M	USD	1 Quarter
Proceeds from issuance of common stock purchased under a long-term incentive plan	`ProceedsFromIssuanceOfCommonStock`	$578.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$7.39M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.04M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.92M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.28M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-26.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.20M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.67M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$259.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$327.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-77.08M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-26.81M	USD	1 Quarter
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$73.98M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.06M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$93.47M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.29M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$73.98M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.06M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$93.47M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.29M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$4.07M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$4.06M	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$-369.00K	USD	1 Quarter
Cash paid for income taxes, net of refunds received	`IncomeTaxesPaidNet`	$-707.00K	USD	1 Quarter
Leased assets obtained in exchange for new operating leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$34.71M	USD	1 Quarter
Leased assets obtained in exchange for new operating leases	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$8.85M	USD	1 Quarter
Dividends declared and not yet paid	`DividendsPayableCurrentAndNoncurrent`	$2.90M	USD	Point-in-time
Dividends declared and not yet paid	`DividendsPayableCurrentAndNoncurrent`	$3.05M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$610.38M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$615.44M	USD	Point-in-time
Net (loss) income	`ProfitLoss`	$-3.73M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$2.94M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$374.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.74M	USD	1 Quarter
Issuance of shares to employees and/or directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.17M	USD	1 Quarter
Issuance of shares to employees and/or directors	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.66M	USD	1 Quarter
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$487.00K	USD	1 Quarter
Amortization of Restricted Stock Units	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$499.00K	USD	1 Quarter
Repurchase of stock	`StockRepurchasedDuringPeriodValue`	$7.39M	USD	1 Quarter
Distribution of noncontrolling entities	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.00K	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$3.05M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$2.90M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$606.98M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.53M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$610.38M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$615.44M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-3.73M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$2.94M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$374.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.74M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.31M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-5.47M	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$989.00K	USD	1 Quarter
Less net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	1 Quarter
Comprehensive (loss) income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$2.32M	USD	1 Quarter
Comprehensive (loss) income attributable to Primoris	`ComprehensiveIncomeNetOfTax`	$-5.47M	USD	1 Quarter

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