$MYRG
MYR GROUP INC.

2021 Q1 Form 10-Q Financial Statement

#000070092321000024 Filed on April 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $592.5M $518.5M
YoY Change 14.28% 10.76%
Cost Of Revenue $515.5M $456.8M
YoY Change 12.85% 7.44%
Gross Profit $76.95M $61.63M
YoY Change 24.86% 43.74%
Gross Profit Margin 12.99% 11.89%
Selling, General & Admin $49.65M $45.05M
YoY Change 10.21% 36.56%
% of Gross Profit 64.52% 73.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.29M $10.64M
YoY Change 6.13% 8.42%
% of Gross Profit 14.68% 17.27%
Operating Expenses $49.65M $45.05M
YoY Change 10.21% 36.56%
Operating Profit $27.41M $16.41M
YoY Change 67.06% 70.46%
Interest Expense $475.0K $1.513M
YoY Change -68.61% 25.56%
% of Operating Profit 1.73% 9.22%
Other Income/Expense, Net $41.00K -$895.0K
YoY Change -104.58% -219.97%
Pretax Income $26.99M $14.00M
YoY Change 92.76% 52.74%
Income Tax $7.062M $4.070M
% Of Pretax Income 26.17% 29.07%
Net Earnings $19.93M $9.932M
YoY Change 100.64% 35.07%
Net Earnings / Revenue 3.36% 1.92%
Basic Earnings Per Share $1.19 $0.60
Diluted Earnings Per Share $1.17 $0.59
COMMON SHARES
Basic Shares Outstanding 16.76M shares 16.63M shares
Diluted Shares Outstanding 17.05M shares 16.74M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.10M $34.00M
YoY Change 115.0% 2515.38%
Cash & Equivalents $73.07M $34.00M
Short-Term Investments
Other Short-Term Assets $14.55M $10.80M
YoY Change 34.7% 28.89%
Inventory
Prepaid Expenses
Receivables $373.5M $572.9M
Other Receivables $11.30M $11.10M
Total Short-Term Assets $665.4M $628.8M
YoY Change 5.82% 24.33%
LONG-TERM ASSETS
Property, Plant & Equipment $202.8M $208.4M
YoY Change -2.69% 28.19%
Goodwill $66.07M
YoY Change
Intangibles $50.79M
YoY Change
Long-Term Investments $3.600M $5.400M
YoY Change -33.33% 134.78%
Other Assets $3.798M $3.900M
YoY Change -2.62% 50.52%
Total Long-Term Assets $353.9M $364.4M
YoY Change -2.89% 25.89%
TOTAL ASSETS
Total Short-Term Assets $665.4M $628.8M
Total Long-Term Assets $353.9M $364.4M
Total Assets $1.019B $993.2M
YoY Change 2.62% 24.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $192.2M $174.3M
YoY Change 10.29% 2.32%
Accrued Expenses $31.40M $29.40M
YoY Change 6.8% 16.21%
Deferred Revenue $140.3M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.381M $9.300M
YoY Change -52.89% 148.53%
Total Short-Term Liabilities $447.8M $378.2M
YoY Change 18.41% 28.83%
LONG-TERM LIABILITIES
Long-Term Debt $25.04M $153.3M
YoY Change -83.67% 44.34%
Other Long-Term Liabilities $19.74M $65.50M
YoY Change -69.86% 4290.08%
Total Long-Term Liabilities $44.78M $218.8M
YoY Change -79.53% 103.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $447.8M $378.2M
Total Long-Term Liabilities $44.78M $218.8M
Total Liabilities $570.8M $618.3M
YoY Change -7.69% 33.33%
SHAREHOLDERS EQUITY
Retained Earnings $290.0M
YoY Change
Common Stock $158.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $448.5M $375.0M
YoY Change
Total Liabilities & Shareholders Equity $1.019B $993.2M
YoY Change 2.62% 24.9%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $19.93M $9.932M
YoY Change 100.64% 35.07%
Depreciation, Depletion And Amortization $11.29M $10.64M
YoY Change 6.13% 8.42%
Cash From Operating Activities $59.39M $35.24M
YoY Change 68.52% -529.53%
INVESTING ACTIVITIES
Capital Expenditures $7.031M $9.138M
YoY Change -23.06% -7.8%
Acquisitions $0.00
YoY Change
Other Investing Activities $700.0K $900.0K
YoY Change -22.22% 12.5%
Cash From Investing Activities -$6.380M -$8.268M
YoY Change -22.84% -8.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.618M $425.0K
YoY Change 516.0% -45.37%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.769M -$5.072M
YoY Change -45.41% -145.84%
NET CHANGE
Cash From Operating Activities $59.39M $35.24M
Cash From Investing Activities -$6.380M -$8.268M
Cash From Financing Activities -$2.769M -$5.072M
Net Change In Cash $50.40M $21.60M
YoY Change 133.34% -447.27%
FREE CASH FLOW
Cash From Operating Activities $59.39M $35.24M
Capital Expenditures $7.031M $9.138M
Free Cash Flow $52.36M $26.11M
YoY Change 100.57% -244.1%

Facts In Submission

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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
429292000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
19928000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
110000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1487000 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2618000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
253000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
12000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
448464000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
19928000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
9932000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
11293000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
10641000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
578000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1228000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1487000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1080000 USD
CY2021Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-47000 USD
CY2020Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
236000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
683000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1050000 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-529000 USD
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
305000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-12592000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-38089000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
6991000 USD
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
7467000 USD
CY2021Q1 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
-802000 USD
CY2020Q1 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
754000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-15314000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-5195000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
29198000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-18091000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-18087000 USD
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4697000 USD
CY2021Q1 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
-285000 USD
CY2020Q1 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
-77000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-6238000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1283000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
59390000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35243000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
651000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
870000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7031000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9138000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6380000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8268000 USD
CY2021Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
CY2020Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-2263000 USD
CY2021Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2020Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2177000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
273000 USD
CY2020Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
312000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
110000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
82000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21600000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22668000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12397000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2618000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
425000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
12000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
23000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-2769000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5072000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
160000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
-303000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
50401000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73069000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33997000 USD
CY2021Q1 us-gaap Number Of Reportable Segments
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2 segment
CY2021Q1 us-gaap Partners Capital Account Contributions
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0 USD
CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the period reported. Actual results could differ from those estimates.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The most significant estimates are related to estimates of costs to complete contracts, pending change orders and claims, shared savings, insurance reserves, income tax reserves, estimates surrounding stock-based compensation, the recoverability of goodwill and intangibles and allowance for doubtful accounts. The Company estimates a cost accrual every quarter that represents costs incurred but not invoiced for services performed or goods delivered during the period, and estimates revenue from the contract cost portion of these accruals based on current gross margin rates to be consistent with its cost method of revenue recognition.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2021 and 2020, the Company had recognized revenues of $14.0 million and $36.4 million, respectively, related to significant change orders and/or claims that had been included as contract price adjustments on certain contracts, some of which are multi-year projects. These change orders and/or claims are in the process of being negotiated in the normal course of business, and a portion of these recognized revenues had been included in multiple periods.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The cost-to-cost method of accounting requires the Company to make estimates about the expected revenue and gross profit on each of its contracts in process. During the three months ended March 31, 2021, changes in estimates pertaining to certain projects increased consolidated gross margin by 0.1%, which resulted in increases in operating income of $0.6 million, net income of $0.4 million and diluted earnings per common share of $0.02.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March 31, 2020, changes in estimates pertaining to certain projects increased consolidated gross margin by 0.1%. These changes in estimates did not have a significant impact to consolidated operating income, net income or diluted earnings per common share.</span></div>
CY2021Q1 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
14000000.0 USD
CY2020Q1 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
36400000 USD
CY2021Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
400000 USD
CY2020Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
400000 USD
CY2021Q1 us-gaap Unbilled Contracts Receivable
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108268000 USD
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
97543000 USD
CY2021Q1 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
84615000 USD
CY2020Q4 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
88260000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
192883000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
185803000 USD
CY2021Q1 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
138180000 USD
CY2020Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
155570000 USD
CY2021Q1 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
2134000 USD
CY2020Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
2826000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
140314000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
158396000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
192883000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
185803000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
140314000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
158396000 USD
CY2021Q1 myrg Net Contract Assets Liabilities
NetContractAssetsLiabilities
52569000 USD
CY2020Q4 myrg Net Contract Assets Liabilities
NetContractAssetsLiabilities
27407000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
41400000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
25700000 USD
CY2021Q1 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
3705959000 USD
CY2020Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
3921376000 USD
CY2021Q1 myrg Billings To Date
BillingsToDate
3735871000 USD
CY2021Q1 myrg Lessee Operating And Finance Leases Option To Terminate Period
LesseeOperatingAndFinanceLeasesOptionToTerminatePeriod
P1Y
CY2020Q4 myrg Billings To Date
BillingsToDate
3979403000 USD
CY2021Q1 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-29912000 USD
CY2020Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-58027000 USD
CY2021Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
108268000 USD
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
97543000 USD
CY2021Q1 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
138180000 USD
CY2020Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
155570000 USD
CY2021Q1 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-29912000 USD
CY2020Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-58027000 USD
CY2021Q1 myrg Lessee Operating And Finance Leases Option To Extend Term
LesseeOperatingAndFinanceLeasesOptionToExtendTerm
P5Y
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21724000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22291000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
140000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
390000 USD
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y2M12D
CY2021Q1 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
21864000 USD
CY2020Q4 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
22681000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
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6986000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6612000 USD
CY2021Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
53000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
318000 USD
CY2021Q1 myrg Lease Obligation Current
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7039000 USD
CY2020Q4 myrg Lease Obligation Current
LeaseObligationCurrent
6930000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
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14787000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15730000 USD
CY2021Q1 myrg Lease Obligation Noncurrent
LeaseObligationNoncurrent
14787000 USD
CY2020Q4 myrg Lease Obligation Noncurrent
LeaseObligationNoncurrent
15730000 USD
CY2021Q1 myrg Lease Obligation Total
LeaseObligationTotal
21826000 USD
CY2020Q4 myrg Lease Obligation Total
LeaseObligationTotal
22660000 USD
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P0Y4M24D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.026
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.026
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
189000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
249000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000 USD
CY2020Q1 us-gaap Finance Lease Interest Expense
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11000 USD
CY2021Q1 us-gaap Operating Lease Cost
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2486000 USD
CY2020Q1 us-gaap Operating Lease Cost
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2231000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
76000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
71000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
2754000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
2562000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2540000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2069000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1502000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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3024000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
53000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
7083000 USD
CY2021Q1 myrg Lease Liability Payments Remainder Of Fiscal Year
LeaseLiabilityPaymentsRemainderOfFiscalYear
7136000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
0 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8036000 USD
CY2021Q1 myrg Lease Liability Payments Due Next Twelve Months
LeaseLiabilityPaymentsDueNextTwelveMonths
8036000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5736000 USD
CY2021Q1 myrg Lease Liability Payments Due Year Two
LeaseLiabilityPaymentsDueYearTwo
5736000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2968000 USD
CY2021Q1 myrg Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
2968000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1132000 USD
CY2021Q1 myrg Lease Liability Payments Due Year Four
LeaseLiabilityPaymentsDueYearFour
1132000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
796000 USD
CY2021Q1 myrg Lease Liability Payments Due Year Five
LeaseLiabilityPaymentsDueYearFive
796000 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2021Q1 myrg Lessee Liability To Be Paid After Year Five
LesseeLiabilityToBePaidAfterYearFive
0 USD
CY2021Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
53000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
25751000 USD
CY2021Q1 myrg Lease Liability Payments Due
LeaseLiabilityPaymentsDue
25804000 USD
CY2021Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3978000 USD
CY2021Q1 myrg Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
3978000 USD
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
53000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
21773000 USD
CY2021Q1 myrg Lease Liability
LeaseLiability
21826000 USD
CY2021Q1 us-gaap Finance Lease Liability Current
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53000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6986000 USD
CY2021Q1 myrg Lease Liability Current
LeaseLiabilityCurrent
7039000 USD
CY2021Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14787000 USD
CY2021Q1 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
14787000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
29420000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
29420000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
4381000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4381000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
25039000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
25039000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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592486000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
518470000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
592486000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
518470000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1530000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1525179000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
343901000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1535018000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.262
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.291
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
400000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
400000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2021Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
18000000.0 USD
CY2021Q1 myrg Purchase Commitment Remaining Term
PurchaseCommitmentRemainingTerm
P9M
CY2021Q1 myrg Number Of Equity Stock Based Compensation Plans
NumberOfEquityStockBasedCompensationPlans
2 plan
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
592486000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
518470000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
27411000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
16408000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
19928000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
9932000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16760000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16627000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
285000 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
115000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17045000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16742000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59

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