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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 43,021 $ 4,426
Contracts receivable, including retainage 105,415 82,112
Costs and estimated earnings in excess of billings on uncompleted contracts 31,989 26,905
Inventories 4,000 2,535
Sterling’s receivables from and equity in construction joint ventures 9,469 12,930
Other current assets 6,170 6,013
Total current assets 200,064 134,921
Property and equipment, net 70,363 73,475
Goodwill 54,820 54,820
Other assets, net 2,968 2,949
Total assets 328,215 266,165
Current liabilities:    
Accounts payable 76,861 58,959
Billings in excess of costs and estimated earnings on uncompleted contracts 61,896 30,556
Current maturities of long-term debt 4,653 4,856
Income taxes payable 63 67
Accrued compensation 10,412 5,977
Other current liabilities 5,545 3,896
Total current liabilities 159,430 104,311
Long-term liabilities:    
Total long-term debt 6,952 15,324
Member’s interest subject to mandatory redemption and undistributed earnings 46,466 50,438
Other long-term liabilities 911 338
Total long-term liabilities 54,329 66,100
Commitments and contingencies (Note 5)
Sterling stockholders’ equity:    
Preferred stock, par value $0.01 per share; 1,000,000 shares authorized, none issued
Common stock, par value $0.01 per share; 28,000,000 shares authorized, 25,002,964 and 19,753,170 shares issued 250 198
Additional paid in capital 208,435 188,147
Retained deficit (95,390) (92,500)
Total Sterling common stockholders’ equity 113,295 95,845
Noncontrolling interests 1,161 (91)
Total equity 114,456 95,754
Total liabilities and equity $ 328,215 $ 266,165