$MYRG
MYR GROUP INC.

2022 Q1 Form 10-Q Financial Statement

#000070092322000022 Filed on April 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $636.6M $592.5M
YoY Change 7.45% 14.28%
Cost Of Revenue $556.1M $515.5M
YoY Change 7.88% 12.85%
Gross Profit $80.49M $76.95M
YoY Change 4.59% 24.86%
Gross Profit Margin 12.64% 12.99%
Selling, General & Admin $53.56M $49.65M
YoY Change 7.89% 10.21%
% of Gross Profit 66.55% 64.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.90M $11.29M
YoY Change 5.41% 6.13%
% of Gross Profit 14.79% 14.68%
Operating Expenses $53.56M $49.65M
YoY Change 7.89% 10.21%
Operating Profit $24.90M $27.41M
YoY Change -9.15% 67.06%
Interest Expense $451.0K $475.0K
YoY Change -5.05% -68.61%
% of Operating Profit 1.81% 1.73%
Other Income/Expense, Net -$15.00K $41.00K
YoY Change -136.59% -104.58%
Pretax Income $24.44M $26.99M
YoY Change -9.43% 92.76%
Income Tax $3.756M $7.062M
% Of Pretax Income 15.37% 26.17%
Net Earnings $20.69M $19.93M
YoY Change 3.81% 100.64%
Net Earnings / Revenue 3.25% 3.36%
Basic Earnings Per Share $1.22 $1.19
Diluted Earnings Per Share $1.21 $1.17
COMMON SHARES
Basic Shares Outstanding 16.92M shares 16.76M shares
Diluted Shares Outstanding 17.13M shares 17.05M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.73M $73.10M
YoY Change -74.37% 115.0%
Cash & Equivalents $18.73M $73.07M
Short-Term Investments
Other Short-Term Assets $50.07M $14.55M
YoY Change 244.18% 34.7%
Inventory
Prepaid Expenses
Receivables $386.2M $373.5M
Other Receivables $16.95M $11.30M
Total Short-Term Assets $715.6M $665.4M
YoY Change 7.55% 5.82%
LONG-TERM ASSETS
Property, Plant & Equipment $239.4M $202.8M
YoY Change 18.05% -2.69%
Goodwill $110.6M $66.07M
YoY Change 67.4%
Intangibles $102.9M $50.79M
YoY Change 102.62%
Long-Term Investments $2.792M $3.600M
YoY Change -22.44% -33.33%
Other Assets $3.673M $3.798M
YoY Change -3.29% -2.62%
Total Long-Term Assets $490.0M $353.9M
YoY Change 38.46% -2.89%
TOTAL ASSETS
Total Short-Term Assets $715.6M $665.4M
Total Long-Term Assets $490.0M $353.9M
Total Assets $1.206B $1.019B
YoY Change 18.28% 2.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $223.7M $192.2M
YoY Change 16.37% 10.29%
Accrued Expenses $35.19M $31.40M
YoY Change 12.06% 6.8%
Deferred Revenue $165.1M $140.3M
YoY Change 17.68%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.039M $4.381M
YoY Change -76.28% -52.89%
Total Short-Term Liabilities $498.3M $447.8M
YoY Change 11.26% 18.41%
LONG-TERM LIABILITIES
Long-Term Debt $48.66M $25.04M
YoY Change 94.32% -83.67%
Other Long-Term Liabilities $22.78M $19.74M
YoY Change 15.38% -69.86%
Total Long-Term Liabilities $71.44M $44.78M
YoY Change 59.52% -79.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $498.3M $447.8M
Total Long-Term Liabilities $71.44M $44.78M
Total Liabilities $669.3M $570.8M
YoY Change 17.26% -7.69%
SHAREHOLDERS EQUITY
Retained Earnings $375.0M $290.0M
YoY Change 29.31%
Common Stock $159.4M $158.2M
YoY Change 0.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $536.3M $448.5M
YoY Change
Total Liabilities & Shareholders Equity $1.206B $1.019B
YoY Change 18.28% 2.62%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $20.69M $19.93M
YoY Change 3.81% 100.64%
Depreciation, Depletion And Amortization $11.90M $11.29M
YoY Change 5.41% 6.13%
Cash From Operating Activities $21.47M $59.39M
YoY Change -63.85% 68.52%
INVESTING ACTIVITIES
Capital Expenditures $14.04M $7.031M
YoY Change 99.64% -23.06%
Acquisitions $110.6M $0.00
YoY Change
Other Investing Activities -$109.5M $700.0K
YoY Change -15749.86% -22.22%
Cash From Investing Activities -$123.6M -$6.380M
YoY Change 1837.08% -22.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.791M $2.618M
YoY Change 159.4% 516.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $37.97M -$2.769M
YoY Change -1471.22% -45.41%
NET CHANGE
Cash From Operating Activities $21.47M $59.39M
Cash From Investing Activities -$123.6M -$6.380M
Cash From Financing Activities $37.97M -$2.769M
Net Change In Cash -$63.36M $50.40M
YoY Change -225.71% 133.34%
FREE CASH FLOW
Cash From Operating Activities $21.47M $59.39M
Capital Expenditures $14.04M $7.031M
Free Cash Flow $7.430M $52.36M
YoY Change -85.81% 100.57%

Facts In Submission

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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
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
519102000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
20688000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1624000 USD
CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
6791000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1651000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
536278000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
20688000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
19928000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
11904000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
11293000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2767000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
578000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1624000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
683000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1487000 USD
CY2022Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-1000 USD
CY2021Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2022Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
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748000 USD
CY2022Q1 us-gaap Other Noncash Income Expense
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CY2021Q1 us-gaap Other Noncash Income Expense
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CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
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-2902000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
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-12592000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
5745000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
6991000 USD
CY2022Q1 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
-1531000 USD
CY2021Q1 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
-802000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-281000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-15314000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
15613000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
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29198000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4470000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-18087000 USD
CY2022Q1 us-gaap Increase Decrease In Self Insurance Reserve
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-352000 USD
CY2021Q1 us-gaap Increase Decrease In Self Insurance Reserve
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-285000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
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-25413000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
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-6238000 USD
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21467000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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59390000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1027000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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651000 USD
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CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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14037000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
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7031000 USD
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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45193000 USD
CY2021Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
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0 USD
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273000 USD
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4000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
110000 USD
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CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
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12000 USD
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37969000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Effect Of Exchange Rate On Cash
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790000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash
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160000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-63360000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
50401000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82092000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22668000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18732000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73069000 USD
CY2022Q1 us-gaap Number Of Reportable Segments
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2 segment
CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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0 USD
CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
CY2022Q1 us-gaap Use Of Estimates
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<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, acquisition-related contingent earn-out consideration liabilities, 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, 2022 and 2021, the Company had recognized revenues of $11.4 million and $14.0 million, respectively, related to large 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, 2022, changes in estimates pertaining to certain projects increased consolidated gross margin by 0.5%, which resulted in increases in operating income of $3.8 million, net income of $2.7 million and diluted earnings per common share of $0.16.</span></div>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.
CY2022Q1 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
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11400000 USD
CY2021Q1 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
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103412000 USD
CY2021Q4 us-gaap Construction Contractor Receivable Retainage
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90888000 USD
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243654000 USD
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243654000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
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225075000 USD
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165127000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
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167931000 USD
CY2022Q1 myrg Net Contract Assets Liabilities
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78527000 USD
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57144000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
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17900000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
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41400000 USD
CY2022Q1 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
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4153142000 USD
CY2021Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
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4130621000 USD
CY2022Q1 myrg Billings To Date
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4175484000 USD
CY2021Q4 myrg Billings To Date
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4162133000 USD
CY2022Q1 myrg Net Costs And Estimated Earnings In Excess Of Billings
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CY2021Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
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CY2022Q1 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
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162584000 USD
CY2021Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
165699000 USD
CY2022Q1 myrg Net Costs And Estimated Earnings In Excess Of Billings
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-22342000 USD
CY2021Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
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CY2022Q1 myrg Lessee Operating And Finance Leases Option To Extend Term
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P5Y
CY2022Q1 myrg Lessee Operating And Finance Leases Option To Terminate Period
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P1Y
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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CY2022Q1 myrg Operating And Finance Lease Right Of Use Asset
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CY2022Q1 us-gaap Finance Lease Liability Current
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CY2021Q4 us-gaap Finance Lease Liability Current
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CY2022Q1 us-gaap Finance Lease Liability Noncurrent
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13230000 USD
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CY2021Q4 myrg Lease Obligation Total
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P2Y4M24D
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CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
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3000 USD
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CY2021Q1 us-gaap Operating Lease Cost
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CY2022Q1 us-gaap Variable Lease Cost
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CY2021Q1 us-gaap Variable Lease Cost
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CY2022Q1 us-gaap Lease Cost
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3850000 USD
CY2021Q1 us-gaap Lease Cost
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2754000 USD
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CY2021Q1 us-gaap Operating Lease Payments
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CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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9132000 USD
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10290000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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1157000 USD
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CY2022Q1 myrg Lease Liability To Be Paid One Year
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11331000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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7178000 USD
CY2022Q1 myrg Lease Liability To Be Paid Year Two
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9234000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
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186000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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5080000 USD
CY2022Q1 myrg Lease Liability To Be Paid Year Three
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5266000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3963000 USD
CY2022Q1 myrg Lease Liability To Be Paid Year Four
LeaseLiabilityToBePaidYearFour
3963000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
770000 USD
CY2022Q1 myrg Lease Liability To Be Paid Year Five
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770000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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1398000 USD
CY2022Q1 myrg Lease Liability To Be Paid After Year Five
LeaseLiabilityToBePaidAfterYearFive
1398000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4557000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
37695000 USD
CY2022Q1 myrg Lease Liability To Be Paid
LeaseLiabilityToBePaid
42252000 USD
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
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182000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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5245000 USD
CY2022Q1 myrg Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
5427000 USD
CY2022Q1 us-gaap Finance Lease Liability
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4375000 USD
CY2022Q1 us-gaap Operating Lease Liability
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32450000 USD
CY2022Q1 myrg Lease Liability
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36825000 USD
CY2022Q1 us-gaap Finance Lease Liability Current
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1374000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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9270000 USD
CY2022Q1 myrg Lease Liability Current
LeaseLiabilityCurrent
10644000 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
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3001000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23180000 USD
CY2022Q1 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
26181000 USD
CY2022Q1 us-gaap Long Term Debt
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49696000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
4503000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
1039000 USD
CY2021Q4 us-gaap Long Term Debt Current
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1039000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
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48657000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3464000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
636624000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
592486000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
636624000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
592486000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2280000000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2282749000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
696240000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1677898000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.154
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.262
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
400000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
400000 USD
CY2022Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
17200000 USD
CY2022Q1 myrg Purchase Commitment Remaining Term
PurchaseCommitmentRemainingTerm
P9M
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
636624000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
592486000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
24902000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
27411000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
20688000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
19928000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16916000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16760000 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
217000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
285000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17133000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17045000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17

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