2023 Q1 Form 10-K Financial Statement

#000070092323000012 Filed on February 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $811.6M $864.0M $3.009B
YoY Change 27.49% 33.73% 20.42%
Cost Of Revenue $727.2M $767.7M $2.665B
YoY Change 30.76% 36.36% 22.6%
Gross Profit $84.39M $96.27M $344.0M
YoY Change 4.85% 15.87% 5.84%
Gross Profit Margin 10.4% 11.14% 11.43%
Selling, General & Admin $56.96M $57.95M $222.4M
YoY Change 6.35% 10.18% 7.34%
% of Gross Profit 67.5% 60.2% 64.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.76M $15.01M $58.17M
YoY Change 7.22% 29.51% 25.9%
% of Gross Profit 15.12% 15.59% 16.91%
Operating Expenses $56.96M $60.12M $222.4M
YoY Change 6.35% 13.05% 7.34%
Operating Profit $27.43M $36.15M $114.9M
YoY Change 10.14% 20.89% -3.08%
Interest Expense $586.0K -$1.199M $3.563M
YoY Change 29.93% 272.36% 98.05%
% of Operating Profit 2.14% -3.32% 3.1%
Other Income/Expense, Net -$90.00K $188.0K $2.673M
YoY Change 500.0% -126.29% -609.14%
Pretax Income $27.07M $35.77M $114.2M
YoY Change 10.75% 21.29% -1.81%
Income Tax $3.908M $11.20M $30.82M
% Of Pretax Income 14.44% 31.31% 26.99%
Net Earnings $23.16M $24.57M $83.38M
YoY Change 11.96% 18.76% -1.92%
Net Earnings / Revenue 2.85% 2.84% 2.77%
Basic Earnings Per Share $1.39 $4.98
Diluted Earnings Per Share $1.38 $1.46 $4.91
COMMON SHARES
Basic Shares Outstanding 16.67M shares 16.60M shares 16.76M shares
Diluted Shares Outstanding 16.82M shares 16.98M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.04M $51.04M $51.04M
YoY Change 151.12% -37.83% -37.83%
Cash & Equivalents $47.04M $51.04M $51.04M
Short-Term Investments
Other Short-Term Assets $34.60M $1.847M $47.82M
YoY Change -30.9% -95.95% 4.96%
Inventory
Prepaid Expenses $45.98M
Receivables $418.8M $472.5M $770.3M
Other Receivables $15.42M $18.27M $21.16M
Total Short-Term Assets $848.3M $890.3M $890.3M
YoY Change 18.55% 18.96% 18.96%
LONG-TERM ASSETS
Property, Plant & Equipment $267.3M $263.7M $263.7M
YoY Change 11.64% 21.49% 21.49%
Goodwill $115.9M $115.8M
YoY Change 4.81% 75.35%
Intangibles $86.39M $87.56M
YoY Change -16.06% 78.49%
Long-Term Investments $4.153M $3.697M $3.697M
YoY Change 48.75% -7.06% -7.06%
Other Assets $3.443M $3.537M $3.537M
YoY Change -6.26% -13.71% -13.71%
Total Long-Term Assets $511.9M $508.6M $508.6M
YoY Change 4.47% 36.45% 36.45%
TOTAL ASSETS
Total Short-Term Assets $848.3M $890.3M $890.3M
Total Long-Term Assets $511.9M $508.6M $508.6M
Total Assets $1.360B $1.399B $1.399B
YoY Change 12.83% 24.78% 24.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $294.3M $315.3M $315.3M
YoY Change 31.56% 57.08% 57.08%
Accrued Expenses $35.05M $38.46M $76.39M
YoY Change -0.38% 20.17% -8.07%
Deferred Revenue $220.8M $227.1M
YoY Change 33.69% 35.21%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.160M $5.074M $6.201M
YoY Change 396.63% 388.35% 496.82%
Total Short-Term Liabilities $624.8M $667.0M $667.0M
YoY Change 25.4% 33.77% 33.77%
LONG-TERM LIABILITIES
Long-Term Debt $20.50M $35.48M $37.79M
YoY Change -57.87% 924.22% 990.99%
Other Long-Term Liabilities $17.62M $16.00M $88.13M
YoY Change -22.63% 42.07% 17.03%
Total Long-Term Liabilities $38.12M $51.48M $125.9M
YoY Change -46.64% 249.6% 59.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $624.8M $667.0M $667.0M
Total Long-Term Liabilities $38.12M $51.48M $125.9M
Total Liabilities $782.7M $838.7M $838.7M
YoY Change 16.94% 39.31% 39.31%
SHAREHOLDERS EQUITY
Retained Earnings $427.3M $404.9M
YoY Change 13.95% 14.06%
Common Stock $156.4M $161.6M
YoY Change -1.9% -1.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $577.6M $560.2M $560.2M
YoY Change
Total Liabilities & Shareholders Equity $1.360B $1.399B $1.399B
YoY Change 12.83% 24.78% 24.78%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $23.16M $24.57M $83.38M
YoY Change 11.96% 18.76% -1.92%
Depreciation, Depletion And Amortization $12.76M $15.01M $58.17M
YoY Change 7.22% 29.51% 25.9%
Cash From Operating Activities $37.16M $93.76M $167.5M
YoY Change 73.09% 223.16% 22.05%
INVESTING ACTIVITIES
Capital Expenditures $19.62M $28.53M $77.06M
YoY Change 39.74% -245.14% 47.16%
Acquisitions $0.00 $110.7M
YoY Change -100.0%
Other Investing Activities $1.539M $341.0K -$108.7M
YoY Change -101.4% -40.49% -3648.99%
Cash From Investing Activities -$18.08M -$28.19M -$185.7M
YoY Change -85.37% 47.71% 276.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $36.98M
YoY Change 1003.25%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$23.11M -51.00M -$9.272M
YoY Change -160.87% 10265.45% -67.0%
NET CHANGE
Cash From Operating Activities $37.16M 93.76M $167.5M
Cash From Investing Activities -$18.08M -28.19M -$185.7M
Cash From Financing Activities -$23.11M -51.00M -$9.272M
Net Change In Cash -$4.001M 14.57M -$31.05M
YoY Change -93.69% 54.41% -152.25%
FREE CASH FLOW
Cash From Operating Activities $37.16M $93.76M $167.5M
Capital Expenditures $19.62M $28.53M $77.06M
Free Cash Flow $17.54M $65.22M $90.43M
YoY Change 136.11% 34.0% 6.55%

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OtherNonoperatingIncomeExpense
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CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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114204000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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81385000 usd
CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22626000 usd
CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2020 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2020 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.98
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020 us-gaap Earnings Per Share Basic
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EarningsPerShareDiluted
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CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2020 us-gaap Earnings Per Share Diluted
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WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfDilutedSharesOutstanding
16980000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17161000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2020 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2020 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
85160000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
59228000 usd
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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364475000 usd
CY2020 us-gaap Profit Loss
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58759000 usd
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5688000 usd
CY2020 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020 us-gaap Stock Issued During Period Value Other
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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OtherComprehensiveIncomeLossNetOfTax
150000 usd
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CY2022 us-gaap Profit Loss
ProfitLoss
83381000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7922000 usd
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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36981000 usd
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OtherComprehensiveIncomeLossNetOfTax
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
560200000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
83381000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
85006000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
Depreciation
43894000 usd
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Depreciation
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CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2311000 usd
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AmortizationOfIntangibleAssets
3586000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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DeferredIncomeTaxesAndTaxCredits
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3098000 usd
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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OtherNoncashIncomeExpense
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OtherNoncashIncomeExpense
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CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2022 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
64421000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
39266000 usd
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IncreaseDecreaseInContractWithCustomerAsset
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14000 usd
CY2021 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
4619000 usd
CY2020 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
1511000 usd
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IncreaseDecreaseInOtherOperatingAssets
-1640000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
25320000 usd
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
15458000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
109008000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
34348000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
58001000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9573000 usd
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
52918000 usd
CY2022 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
4999000 usd
CY2021 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
5233000 usd
CY2020 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
3010000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-13752000 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2838000 usd
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
37627000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
167484000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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137228000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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175167000 usd
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ProceedsFromSaleOfPropertyPlantAndEquipment
1990000 usd
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ProceedsFromSaleOfPropertyPlantAndEquipment
3062000 usd
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ProceedsFromSaleOfPropertyPlantAndEquipment
3429000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
110660000 usd
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CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
77056000 usd
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52361000 usd
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44355000 usd
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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ProceedsFromRepaymentsOfLinesOfCredit
12915000 usd
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ProceedsFromRepaymentsOfLinesOfCredit
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CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1047000 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
24917000 usd
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
32584000 usd
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FinanceLeasePrincipalPayments
1592000 usd
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FinanceLeasePrincipalPayments
336000 usd
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FinanceLeasePrincipalPayments
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24184000 usd
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ProceedsFromNotesPayable
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ProceedsFromNotesPayable
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ProceedsFromStockOptionsExercised
40000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
498000 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
749000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
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PaymentsForRepurchaseOfCommonStock
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3352000 usd
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22668000 usd
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
652000 usd
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ProceedsFromPaymentsForOtherFinancingActivities
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ProceedsFromPaymentsForOtherFinancingActivities
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
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-9272000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-410000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
326000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-31052000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
59424000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10271000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82092000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22668000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12397000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51040000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82092000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
20462000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
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InterestPaidNet
2736000 usd
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InterestPaidNet
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CY2020 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2218000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4120000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
349000 usd
CY2022 us-gaap Number Of Reportable Segments
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2 segment
CY2022 myrg Contract With Customer Retention Provision
ContractWithCustomerRetentionProvision
0.10
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:8pt"><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:8pt;text-indent:18pt"><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 accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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:8pt;text-indent:18pt"><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 on 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 period 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:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2022 and 2021, the Company recognized revenues of $19.6 million and $2.4 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. These aggregate amounts, which were included in “Contract assets” in the accompanying consolidated balance sheets, represent the Company’s estimates of additional contract revenues that were earned and probable of collection, however, the amount ultimately realized could be significantly higher or lower than the estimated amount.</span></div><div style="margin-top:8pt;text-indent:18pt"><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 year ended December 31, 2022, changes in estimates pertaining to certain projects decreased consolidated gross margin by 0.4%, which resulted in decreases in operating income of $9.8 million, net income of $6.9 million and diluted earnings per common share attributable to MYR Group Inc. of $0.41. The estimates are reviewed and revised quarterly, as needed. </span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended December 31, 2021, changes in estimates pertaining to certain projects increased consolidated gross margin by 0.4%, which resulted in increases in operating income of $9.2 million, net income of $6.6 million and diluted earnings per common share attributable to MYR Group Inc. of $0.39. </span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the year ended December 31, 2020, changes in estimates pertaining to certain projects decreased consolidated gross margin by 0.8%, which resulted in decreases in operating income of $18.0 million, net income attributable to MYR Group Inc. of $12.8 million and diluted earnings per common share attributable to MYR Group Inc. of $0.76.</span></div>
CY2022 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
19600000 usd
CY2021 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
2400000 usd
CY2022 us-gaap Advertising Expense
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CY2020 us-gaap Advertising Expense
AdvertisingExpense
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CY2022 myrg Lessee Operating And Finance Leases Option To Extend Term
LesseeOperatingAndFinanceLeasesOptionToExtendTerm
P5Y
CY2022 myrg Lessee Operating And Finance Leases Option To Terminate Period
LesseeOperatingAndFinanceLeasesOptionToTerminatePeriod
P1Y
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains substantially all of its cash and cash equivalent balances with large financial institutions which are believed to be high quality institutions.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to a concentration of risk because it derives a significant portion of its revenues from a few customers. The Company’s top ten customers accounted for approximately 35.4%, 34.9%, and 32.7% of consolidated revenues for the years ended December 31, 2022, 2021 and 2020, respectively. For the years ended December 31, 2022, 2021 and 2020, no single customer accounted for more than 10.0% of annual revenues.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company grants trade credit under contractual payment terms, generally without collateral, to its customers, which include high credit quality electric utilities, governmental entities, general contractors and builders, owners and managers of commercial and industrial properties. Consequently, the Company is subject to potential credit risk related to changes in business and economic factors. However, the Company generally has certain statutory lien rights with respect to services provided. Under certain circumstances such as foreclosures or negotiated settlements, the Company may take title to the underlying assets in lieu of cash in settlement of receivables. As of December 31, 2022 and 2021, none of the Company’s customers individually exceeded 10.0% of accounts receivable. The Company believes the terms and conditions in its contracts, billing and collection policies are adequate to minimize the potential credit risk.</span></div><div style="margin-top:8pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2022, approximately 86% of the Company’s craft labor employees were covered by collective bargaining agreements. Although the majority of these agreements prohibit strikes and work stoppages, the Company cannot be certain that strikes or work stoppages will not occur in the future.</span></div>
CY2022 us-gaap Government Assistance Amount
GovernmentAssistanceAmount
2300000 usd
CY2022Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
500000 usd
CY2021Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
400000 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
156266000 usd
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
134187000 usd
CY2022Q4 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
144349000 usd
CY2021Q4 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
90888000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
300615000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
225075000 usd
CY2022Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
223654000 usd
CY2021Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
165699000 usd
CY2022Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
3401000 usd
CY2021Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
2232000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
227055000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
167931000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
300615000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
225075000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
227055000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
167931000 usd
CY2022Q4 myrg Net Contract Assets Liabilities
NetContractAssetsLiabilities
73560000 usd
CY2021Q4 myrg Net Contract Assets Liabilities
NetContractAssetsLiabilities
57144000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
117300000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
116500000 usd
CY2022Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
5390535000 usd
CY2021Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
4130621000 usd
CY2022Q4 myrg Billings To Date
BillingsToDate
5457923000 usd
CY2021Q4 myrg Billings To Date
BillingsToDate
4162133000 usd
CY2022Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-67388000 usd
CY2021Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-31512000 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
156266000 usd
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
134187000 usd
CY2022Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
223654000 usd
CY2021Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
165699000 usd
CY2022Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-67388000 usd
CY2021Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-31512000 usd
CY2022 myrg Lessee Operating And Finance Leases Option To Extend Term
LesseeOperatingAndFinanceLeasesOptionToExtendTerm
P5Y
CY2022 myrg Lessee Operating And Finance Leases Option To Terminate Period
LesseeOperatingAndFinanceLeasesOptionToTerminatePeriod
P1Y
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
30544000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20971000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3238000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
0 usd
CY2022Q4 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
33782000 usd
CY2021Q4 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
20971000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9711000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7765000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1127000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
0 usd
CY2022Q4 myrg Lease Liability Current
LeaseLiabilityCurrent
10838000 usd
CY2021Q4 myrg Lease Liability Current
LeaseLiabilityCurrent
7765000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20845000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13230000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2313000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 usd
CY2022Q4 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
23158000 usd
CY2021Q4 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
13230000 usd
CY2022Q4 myrg Lease Liability
LeaseLiability
33996000 usd
CY2021Q4 myrg Lease Liability
LeaseLiability
20995000 usd
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M24D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.030
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1138000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
128000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
13428000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
10217000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
415000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
317000 usd
CY2022 us-gaap Lease Cost
LeaseCost
15109000 usd
CY2021 us-gaap Lease Cost
LeaseCost
10534000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
13287000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
10451000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21663000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7459000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
517000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1212000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12810000 usd
CY2022Q4 myrg Lease Liability To Be Paid One Year
LeaseLiabilityToBePaidOneYear
14022000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2041000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9217000 usd
CY2022Q4 myrg Lease Liability To Be Paid Year Two
LeaseLiabilityToBePaidYearTwo
11258000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
316000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6786000 usd
CY2022Q4 myrg Lease Liability To Be Paid Year Three
LeaseLiabilityToBePaidYearThree
7102000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5233000 usd
CY2022Q4 myrg Lease Liability To Be Paid Year Four
LeaseLiabilityToBePaidYearFour
5233000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1578000 usd
CY2022Q4 myrg Lease Liability To Be Paid Year Five
LeaseLiabilityToBePaidYearFive
1578000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2905000 usd
CY2022Q4 myrg Lease Liability To Be Paid After Year Five
LeaseLiabilityToBePaidAfterYearFive
2905000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3569000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
38529000 usd
CY2022Q4 myrg Lease Liability To Be Paid
LeaseLiabilityToBePaid
42098000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
129000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7973000 usd
CY2022Q4 myrg Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
8102000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3440000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30556000 usd
CY2022Q4 myrg Lease Liability
LeaseLiability
33996000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1127000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9711000 usd
CY2022Q4 myrg Lease Liability Current
LeaseLiabilityCurrent
10838000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2313000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20845000 usd
CY2022Q4 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
23158000 usd
CY2022Q4 us-gaap Contract Receivable Due One Year Or Less
ContractReceivableDueOneYearOrLess
471724000 usd
CY2021Q4 us-gaap Contract Receivable Due One Year Or Less
ContractReceivableDueOneYearOrLess
374826000 usd
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
2892000 usd
CY2021Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
2968000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
474616000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
377794000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2073000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2441000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
472543000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
375353000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2441000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1696000 usd
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3364000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
320000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-764000 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1296000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
45000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
19000 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
375000 usd
CY2022 myrg Allowance For Doubtful Accounts Receivable Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslationAdjustments
-3000 usd
CY2021 myrg Allowance For Doubtful Accounts Receivable Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslationAdjustments
0 usd
CY2020 myrg Allowance For Doubtful Accounts Receivable Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslationAdjustments
3000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2073000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2441000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1696000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
45977000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
44677000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1847000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
887000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
47824000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
45564000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
584928000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
518220000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
351753000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
322128000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
233175000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
196092000 usd
CY2022 us-gaap Depreciation
Depreciation
49200000 usd
CY2021 us-gaap Depreciation
Depreciation
43900000 usd
CY2020 us-gaap Depreciation
Depreciation
42900000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-3223000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-3223000 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
11000 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
11000 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
115847000 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2022Q4 us-gaap Goodwill
Goodwill
115847000 usd
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
66065000 usd
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2021Q4 us-gaap Goodwill
Goodwill
66065000 usd
CY2022 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-2689000 usd
CY2022 myrg Finite Lived Intangible Assets Foreign Currency Translation Gain Loss Adjusments
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossAdjusments
-410000 usd
CY2022 myrg Finite Lived Intangible Assets Foreign Currency Translation Gain Loss Net Of Adjustments
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossNetOfAdjustments
-2279000 usd
CY2021 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
1000 usd
CY2021 myrg Finite Lived Intangible Assets Foreign Currency Translation Gain Loss Adjusments
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossAdjusments
0 usd
CY2021 myrg Finite Lived Intangible Assets Foreign Currency Translation Gain Loss Net Of Adjustments
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossNetOfAdjustments
1000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
112996000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
25439000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
87557000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
65833000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16779000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
49054000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4897000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4897000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4897000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4897000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4760000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
29164000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
53512000 usd
CY2022Q4 myrg Accrued Payroll And Incentive Compensation Current
AccruedPayrollAndIncentiveCompensationCurrent
31355000 usd
CY2021Q4 myrg Accrued Payroll And Incentive Compensation Current
AccruedPayrollAndIncentiveCompensationCurrent
46485000 usd
CY2022Q4 myrg Accrued Union Dues And Benefit
AccruedUnionDuesAndBenefit
21500000 usd
CY2021Q4 myrg Accrued Union Dues And Benefit
AccruedUnionDuesAndBenefit
19994000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
6574000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
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