$MYRG
MYR Group Inc

2022 Q3 Form 10-Q Financial Statement

#000070092322000040 Filed on July 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $799.8M $708.1M $636.6M
YoY Change 31.08% 9.01% 7.45%
Cost Of Revenue $713.5M $627.3M $556.1M
YoY Change 35.58% 10.32% 7.88%
Gross Profit $86.35M $80.86M $80.49M
YoY Change 2.89% -0.2% 4.59%
Gross Profit Margin 10.8% 11.42% 12.64%
Selling, General & Admin $58.89M $52.02M $53.56M
YoY Change 10.96% 0.24% 7.89%
% of Gross Profit 68.2% 64.33% 66.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.10M $15.39M $11.90M
YoY Change 16.04% 34.69% 5.41%
% of Gross Profit 15.17% 19.03% 14.79%
Operating Expenses $58.89M $52.02M $53.56M
YoY Change 10.96% 0.24% 7.89%
Operating Profit $26.98M $26.25M $24.90M
YoY Change -12.85% -11.53% -9.15%
Interest Expense $1.134M $650.0K $451.0K
YoY Change 271.8% -4.13% -5.05%
% of Operating Profit 4.2% 2.48% 1.81%
Other Income/Expense, Net $223.0K $2.277M -$15.00K
YoY Change 223.19% 2746.25% -136.59%
Pretax Income $26.11M $27.88M $24.44M
YoY Change -15.07% -4.14% -9.43%
Income Tax $7.672M $8.194M $3.756M
% Of Pretax Income 29.39% 29.39% 15.37%
Net Earnings $18.44M $19.68M $20.69M
YoY Change -20.44% -7.23% 3.81%
Net Earnings / Revenue 2.3% 2.78% 3.25%
Basic Earnings Per Share $1.11 $1.17 $1.22
Diluted Earnings Per Share $1.09 $1.15 $1.21
COMMON SHARES
Basic Shares Outstanding 16.66M shares 16.89M shares 16.92M shares
Diluted Shares Outstanding 16.85M shares 17.07M shares 17.13M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.77M $22.06M $18.73M
YoY Change -51.01% -67.72% -74.37%
Cash & Equivalents $35.77M $22.06M $18.73M
Short-Term Investments
Other Short-Term Assets $32.75M $52.73M $50.07M
YoY Change 23.21% 321.32% 244.18%
Inventory
Prepaid Expenses
Receivables $443.4M $409.5M $386.2M
Other Receivables $12.50M $19.40M $16.95M
Total Short-Term Assets $834.9M $784.4M $715.6M
YoY Change 19.16% 13.46% 7.55%
LONG-TERM ASSETS
Property, Plant & Equipment $249.2M $244.7M $239.4M
YoY Change 20.81% 17.98% 18.05%
Goodwill $115.2M $108.4M $110.6M
YoY Change 74.3% 64.08% 67.4%
Intangibles $89.12M $98.75M $102.9M
YoY Change 79.57% 96.62% 102.62%
Long-Term Investments $3.138M $3.155M $2.792M
YoY Change -17.12% -31.11% -22.44%
Other Assets $3.575M $3.661M $3.673M
YoY Change -7.46% -6.75% -3.29%
Total Long-Term Assets $495.1M $480.0M $490.0M
YoY Change 36.32% 33.51% 38.46%
TOTAL ASSETS
Total Short-Term Assets $834.9M $784.4M $715.6M
Total Long-Term Assets $495.1M $480.0M $490.0M
Total Assets $1.330B $1.264B $1.206B
YoY Change 25.02% 20.32% 18.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $281.7M $251.6M $223.7M
YoY Change 45.8% 18.71% 16.37%
Accrued Expenses $33.87M $32.93M $35.19M
YoY Change 7.86% 0.21% 12.06%
Deferred Revenue $174.6M $203.2M $165.1M
YoY Change 16.54% 48.31% 17.68%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.060M $1.065M $1.039M
YoY Change 393.66% -31.29% -76.28%
Total Short-Term Liabilities $585.0M $565.4M $498.3M
YoY Change 28.38% 20.33% 11.26%
LONG-TERM LIABILITIES
Long-Term Debt $80.85M $54.38M $48.66M
YoY Change 1928.4% 651.64% 94.32%
Other Long-Term Liabilities $14.30M $22.92M $22.78M
YoY Change -37.31% 4.11% 15.38%
Total Long-Term Liabilities $95.16M $77.30M $71.44M
YoY Change 255.06% 164.26% 59.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $585.0M $565.4M $498.3M
Total Long-Term Liabilities $95.16M $77.30M $71.44M
Total Liabilities $794.1M $733.3M $669.3M
YoY Change 39.89% 26.6% 17.26%
SHAREHOLDERS EQUITY
Retained Earnings $383.5M $373.9M $375.0M
YoY Change 14.72% 20.16% 29.31%
Common Stock $160.0M $158.9M $159.4M
YoY Change -1.12% -0.58% 0.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $535.9M $531.1M $536.3M
YoY Change
Total Liabilities & Shareholders Equity $1.330B $1.264B $1.206B
YoY Change 25.02% 20.32% 18.28%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $18.44M $19.68M $20.69M
YoY Change -20.44% -7.23% 3.81%
Depreciation, Depletion And Amortization $13.10M $15.39M $11.90M
YoY Change 16.04% 34.69% 5.41%
Cash From Operating Activities $13.61M $38.65M $21.47M
YoY Change -30.76% 32.54% -63.85%
INVESTING ACTIVITIES
Capital Expenditures -$18.10M -$16.38M $14.04M
YoY Change 54.66% 17.05% 99.64%
Acquisitions $110.6M
YoY Change
Other Investing Activities $328.0K $210.0K -$109.5M
YoY Change -61.5% -77.59% -15749.86%
Cash From Investing Activities -$17.77M -$16.17M -$123.6M
YoY Change 63.78% 24.8% 1837.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.791M
YoY Change 159.4%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 21.37M -17.62M $37.97M
YoY Change -680.66% -16.59% -1471.22%
NET CHANGE
Cash From Operating Activities 13.61M 38.65M $21.47M
Cash From Investing Activities -17.77M -16.17M -$123.6M
Cash From Financing Activities 21.37M -17.62M $37.97M
Net Change In Cash 17.21M 4.861M -$63.36M
YoY Change 236.09% -198.8% -225.71%
FREE CASH FLOW
Cash From Operating Activities $13.61M $38.65M $21.47M
Capital Expenditures -$18.10M -$16.38M $14.04M
Free Cash Flow $31.71M $55.04M $7.430M
YoY Change 1.12% 27.52% -85.81%

Facts In Submission

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MYR GROUP INC.
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us-gaap Other Nonoperating Income Expense
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27878000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29082000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52322000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
56072000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11950000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14925000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
19684000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
21219000 usd
us-gaap Profit Loss
ProfitLoss
40372000 usd
us-gaap Profit Loss
ProfitLoss
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EarningsPerShareBasic
1.17
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.45
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.41
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WeightedAverageNumberOfSharesOutstandingBasic
16894000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16854000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16904000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16807000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17070000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17125000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17141000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17093000 shares
CY2022Q2 us-gaap Profit Loss
ProfitLoss
19684000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
21219000 usd
us-gaap Profit Loss
ProfitLoss
40372000 usd
us-gaap Profit Loss
ProfitLoss
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
666000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
21632000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
41813000 usd
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
CY2021Q2 us-gaap Profit Loss
ProfitLoss
21219000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
319000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1948000 usd
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
734000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
413000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
471629000 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
CY2022Q2 us-gaap Profit Loss
ProfitLoss
19684000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2064000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
23467000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3477000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
531082000 usd
us-gaap Profit Loss
ProfitLoss
40372000 usd
us-gaap Profit Loss
ProfitLoss
41147000 usd
us-gaap Depreciation
Depreciation
24043000 usd
us-gaap Depreciation
Depreciation
22172000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6020000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1156000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3688000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3435000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
481000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1400000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1794000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-581000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20457000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10098000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
43413000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
10855000 usd
us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
-12504000 usd
us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4939000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
42763000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
47772000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
33619000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-21433000 usd
us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
-11861000 usd
us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
1869000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2647000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
60119000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
88562000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1237000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1637000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
110576000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30421000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20997000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
51395000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
516000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
20635000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
880000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
376000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
429000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
23467000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6791000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3352000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
607000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
12000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
20352000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
-746000 usd
us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
374000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-60035000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
45654000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22057000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
68322000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2022Q2 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
500000 usd
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, 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 June 30, 2022 and 2021, the Company had recognized revenues of $12.5 million and $6.0 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 June 30, 2022, changes in estimates pertaining to certain projects decreased consolidated gross margin by 0.1%, which resulted in decreases in operating income of $0.5 million, net income of $0.3 million and diluted earnings per common share of $0.02. During the six months ended June 30, 2022, changes in estimates pertaining to certain projects increased consolidated gross margin by 0.3%, which resulted in increases in operating income of $3.7 million, net income of $2.5 million and diluted earnings per common share of $0.15.</span></div>During the three months ended June 30, 2021, changes in estimates pertaining to certain projects increased consolidated gross margin by 0.8%, which resulted in increases in operating income of $5.1 million, net income of $3.6 million and diluted earnings per common share of $0.21. During the six months ended June 30, 2021, changes in estimates pertaining to certain projects increased consolidated gross margin by 0.3%, which resulted in increases in operating income of $3.9 million, net income of $2.7 million and diluted earnings per common share of $0.16.
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
12500000 usd
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
6000000 usd
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ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
400000 usd
CY2022Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
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ConstructionContractorReceivableRetainage
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ConstructionContractorReceivableRetainage
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ContractWithCustomerAssetNetCurrent
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ContractWithCustomerAssetNetCurrent
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ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
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ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
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ProvisionForLossOnContracts
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ProvisionForLossOnContracts
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CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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ContractWithCustomerLiabilityCurrent
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ContractWithCustomerAssetNetCurrent
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ContractWithCustomerAssetNetCurrent
225075000 usd
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ContractWithCustomerLiabilityCurrent
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ContractWithCustomerLiabilityCurrent
167931000 usd
CY2022Q2 myrg Net Contract Assets Liabilities
NetContractAssetsLiabilities
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CY2021Q4 myrg Net Contract Assets Liabilities
NetContractAssetsLiabilities
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CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
73900000 usd
CY2022Q2 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
4492937000 usd
CY2021Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
4130621000 usd
CY2022Q2 myrg Billings To Date
BillingsToDate
4528027000 usd
CY2021Q4 myrg Billings To Date
BillingsToDate
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CY2022Q2 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
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CY2021Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
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CY2022Q2 us-gaap Unbilled Contracts Receivable
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UnbilledContractsReceivable
134187000 usd
CY2022Q2 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
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ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
165699000 usd
CY2022Q2 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-35090000 usd
CY2021Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
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myrg Lessee Operating And Finance Leases Option To Extend Term
LesseeOperatingAndFinanceLeasesOptionToExtendTerm
P5Y
myrg Lessee Operating And Finance Leases Option To Terminate Period
LesseeOperatingAndFinanceLeasesOptionToTerminatePeriod
P1Y
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4965000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
0 usd
CY2022Q2 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
37640000 usd
CY2021Q4 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
20971000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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FinanceLeaseLiabilityCurrent
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CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
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LeaseObligationCurrent
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LeaseObligationCurrent
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CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23272000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13230000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3026000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 usd
CY2022Q2 myrg Lease Obligation Noncurrent
LeaseObligationNoncurrent
26298000 usd
CY2021Q4 myrg Lease Obligation Noncurrent
LeaseObligationNoncurrent
13230000 usd
CY2022Q2 myrg Lease Obligation Total
LeaseObligationTotal
37021000 usd
CY2021Q4 myrg Lease Obligation Total
LeaseObligationTotal
20995000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
186000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
656000 usd
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.025
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
218000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
375000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
47000 usd
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
75000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3265000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2469000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
6388000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
4955000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
102000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
78000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
211000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
156000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
3632000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
2734000 usd
us-gaap Lease Cost
LeaseCost
7330000 usd
us-gaap Lease Cost
LeaseCost
5489000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
6355000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
5069000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
17647000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4387000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
543000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8124000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4779000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
781000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6378000 usd
CY2022Q2 myrg Lease Liability To Be Paid Remainder Of Fiscal Year
LeaseLiabilityToBePaidRemainderOfFiscalYear
7159000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1274000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11122000 usd
CY2022Q2 myrg Lease Liability To Be Paid One Year
LeaseLiabilityToBePaidOneYear
12396000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2145000 usd
CY2022Q2 myrg Lease Liability To Be Paid Year Two
LeaseLiabilityToBePaidYearTwo
10269000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
331000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6064000 usd
CY2022Q2 myrg Lease Liability To Be Paid Year Three
LeaseLiabilityToBePaidYearThree
6395000 usd
CY2022Q2 myrg Lease Liability To Be Paid Year Four
LeaseLiabilityToBePaidYearFour
4779000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1363000 usd
CY2022Q2 myrg Lease Liability To Be Paid Year Five
LeaseLiabilityToBePaidYearFive
1363000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2116000 usd
CY2022Q2 myrg Lease Liability To Be Paid After Year Five
LeaseLiabilityToBePaidAfterYearFive
2116000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4531000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
39946000 usd
CY2022Q2 myrg Lease Liability To Be Paid
LeaseLiabilityToBePaid
44477000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
187000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7269000 usd
CY2022Q2 myrg Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
7456000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4344000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
32677000 usd
CY2022Q2 myrg Lease Liability
LeaseLiability
37021000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1318000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9405000 usd
CY2022Q2 myrg Lease Liability Current
LeaseLiabilityCurrent
10723000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3026000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23272000 usd
CY2022Q2 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
26298000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
708114000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
649573000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
55446000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
4503000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1065000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1039000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
54381000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3464000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1344738000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1242059000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
708114000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
649573000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1344738000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1242059000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2310000000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2312584000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
626694000 usd
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1677898000 usd
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17125000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17141000 shares
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.294
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.270
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.266
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
400000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
400000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2022Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
14300000 usd
myrg Purchase Commitment Remaining Term
PurchaseCommitmentRemainingTerm
P7M
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
708114000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
649573000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1344738000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1242059000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
26245000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
29665000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
51147000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
57076000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17070000 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
19684000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
21219000 usd
us-gaap Net Income Loss
NetIncomeLoss
40372000 usd
us-gaap Net Income Loss
NetIncomeLoss
41147000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16894000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16854000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16904000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16807000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
176000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
271000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
237000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
286000 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
68675 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17093000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.45
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.41
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
280907 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
83.54
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6800000 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
51500000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000 usd

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