2024 Q1 Form 10-K Financial Statement

#000070092324000008 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $815.6M $1.004B $3.644B
YoY Change 0.49% 16.23% 21.12%
Cost Of Revenue $729.3M $906.7M $3.280B
YoY Change 0.29% 18.11% 23.08%
Gross Profit $86.24M $97.50M $364.4M
YoY Change 2.19% 1.27% 5.94%
Gross Profit Margin 10.57% 9.71% 10.0%
Selling, General & Admin $62.23M $59.99M $234.6M
YoY Change 9.25% 3.52% 5.48%
% of Gross Profit 72.16% 61.53% 64.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.83M $15.60M $59.14M
YoY Change 24.03% 3.99% 1.66%
% of Gross Profit 18.36% 16.0% 16.23%
Operating Expenses $63.46M $61.21M $234.6M
YoY Change 11.41% 1.83% 5.48%
Operating Profit $22.78M $36.28M $129.1M
YoY Change -16.93% 0.35% 12.35%
Interest Expense -$912.0K -$1.732M $4.939M
YoY Change -255.63% 44.45% 38.62%
% of Operating Profit -4.0% -4.77% 3.83%
Other Income/Expense, Net -$263.0K $23.00K -$38.00K
YoY Change 192.22% -87.77% -101.42%
Pretax Income $23.10M $35.49M $125.0M
YoY Change -14.68% -0.79% 9.46%
Income Tax $4.157M $11.45M $34.01M
% Of Pretax Income 18.0% 32.26% 27.21%
Net Earnings $18.94M $24.04M $90.99M
YoY Change -18.24% -2.16% 9.13%
Net Earnings / Revenue 2.32% 2.39% 2.5%
Basic Earnings Per Share $1.13 $5.45
Diluted Earnings Per Share $1.13 $1.42 $5.40
COMMON SHARES
Basic Shares Outstanding 16.74M shares 16.71M shares 16.68M shares
Diluted Shares Outstanding 16.84M shares 16.84M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.911M $24.90M $24.90M
YoY Change -91.69% -51.22% -51.22%
Cash & Equivalents $3.911M $24.90M $24.90M
Short-Term Investments
Other Short-Term Assets $34.50M $2.125M $46.54M
YoY Change -0.3% 15.05% -2.7%
Inventory
Prepaid Expenses $44.41M
Receivables $977.8M $521.9M $934.8M
Other Receivables $9.969M $12.30M $20.04M
Total Short-Term Assets $1.026B $1.026B $1.026B
YoY Change 20.96% 15.27% 15.27%
LONG-TERM ASSETS
Property, Plant & Equipment $311.1M $304.0M $304.0M
YoY Change 16.39% 15.27% 15.27%
Goodwill $115.9M $117.0M
YoY Change -0.04% 0.95%
Intangibles $81.45M $83.52M
YoY Change -5.72% -4.62%
Long-Term Investments $9.461M $8.707M $8.707M
YoY Change 127.81% 135.52% 135.52%
Other Assets $5.850M $5.597M $5.597M
YoY Change 69.91% 58.24% 58.24%
Total Long-Term Assets $557.3M $552.5M $552.5M
YoY Change 8.87% 8.64% 8.64%
TOTAL ASSETS
Total Short-Term Assets $1.026B $1.026B $1.026B
Total Long-Term Assets $557.3M $552.5M $552.5M
Total Assets $1.583B $1.579B $1.579B
YoY Change 16.41% 12.86% 12.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $321.3M $359.4M $359.4M
YoY Change 9.16% 13.97% 13.97%
Accrued Expenses $34.54M $37.51M $91.40M
YoY Change -1.46% -2.49% 19.64%
Deferred Revenue $271.0M $240.4M
YoY Change 22.74% 5.88%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.462M $7.053M $9.092M
YoY Change 63.99% 39.0% 46.62%
Total Short-Term Liabilities $732.4M $747.2M $747.2M
YoY Change 17.21% 12.03% 12.03%
LONG-TERM LIABILITIES
Long-Term Debt $31.50M $29.19M $29.50M
YoY Change 53.67% -17.73% -21.94%
Other Long-Term Liabilities $108.1M $25.04M $102.6M
YoY Change 513.31% 56.5% 16.43%
Total Long-Term Liabilities $139.6M $54.23M $132.1M
YoY Change 266.16% 5.34% 4.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $732.4M $747.2M $747.2M
Total Long-Term Liabilities $139.6M $54.23M $132.1M
Total Liabilities $919.8M $927.5M $927.5M
YoY Change 17.52% 10.6% 10.6%
SHAREHOLDERS EQUITY
Retained Earnings $511.1M $492.5M
YoY Change 19.61% 21.64%
Common Stock $159.0M $162.6M
YoY Change 1.64% 0.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $663.7M $651.2M $651.2M
YoY Change
Total Liabilities & Shareholders Equity $1.583B $1.579B $1.579B
YoY Change 16.41% 12.86% 12.86%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $18.94M $24.04M $90.99M
YoY Change -18.24% -2.16% 9.13%
Depreciation, Depletion And Amortization $15.83M $15.60M $59.14M
YoY Change 24.03% 3.99% 1.66%
Cash From Operating Activities $7.690M $42.62M $71.02M
YoY Change -79.3% -54.54% -57.6%
INVESTING ACTIVITIES
Capital Expenditures $25.78M $20.95M $84.74M
YoY Change 31.45% -26.6% 9.97%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $1.879M $1.610M $5.608M
YoY Change 22.09% 372.14% -105.16%
Cash From Investing Activities -$23.90M -$19.34M -$79.13M
YoY Change 32.24% -31.42% -57.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.868M
YoY Change -92.24%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.450M -29.24M -$18.37M
YoY Change -80.75% -42.67% 98.1%
NET CHANGE
Cash From Operating Activities 7.690M 42.62M $71.02M
Cash From Investing Activities -23.90M -19.34M -$79.13M
Cash From Financing Activities -4.450M -29.24M -$18.37M
Net Change In Cash -20.66M -5.947M -$26.14M
YoY Change 416.47% -140.83% -15.82%
FREE CASH FLOW
Cash From Operating Activities $7.690M $42.62M $71.02M
Capital Expenditures $25.78M $20.95M $84.74M
Free Cash Flow -$18.09M $21.68M -$13.72M
YoY Change -203.14% -66.76% -115.17%

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2378000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
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3098000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
114907000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
118560000 usd
CY2021 us-gaap Investment Income Interest
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70000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
90990000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022 us-gaap Net Income Loss
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83381000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
85010000 usd
CY2021 us-gaap Earnings Per Share Basic
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5.05
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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2420000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2420000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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93410000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
76908000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
85156000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
93410000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
76908000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
85160000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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429292000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
85006000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
498000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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7496000 usd
CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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3352000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
150000 usd
CY2021 us-gaap Stock Issued During Period Value Other
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CY2022 us-gaap Profit Loss
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83381000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
40000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7922000 usd
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
6791000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Value
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36981000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6473000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
560200000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
90990000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8376000 usd
CY2023 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
7936000 usd
CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2868000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2420000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
651202000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
90990000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
83381000 usd
CY2023 us-gaap Depreciation
Depreciation
54231000 usd
CY2022 us-gaap Depreciation
Depreciation
49161000 usd
CY2021 us-gaap Depreciation
Depreciation
43894000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4907000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9009000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2311000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
8376000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
7922000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
2056000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
9573000 usd
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
6281000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
4214000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2378000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3098000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1892000 usd
CY2023 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
17000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
48527000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
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86939000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2023 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
119246000 usd
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
CY2023 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
-1529000 usd
CY2022 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
14000 usd
CY2021 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
4619000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-560000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1640000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
25320000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
37250000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
109008000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
34348000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
13151000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
58001000 usd
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
29840000 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
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
NetCashProvidedByUsedInOperatingActivities
137228000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5608000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1990000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3062000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
110660000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
84736000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
77056000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52361000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
562901000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
198697000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2023 us-gaap Repayments Of Lines Of Credit
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562615000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
185782000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4598000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1047000 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
24917000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1143000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1592000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
336000 usd
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
24184000 usd
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
20000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
40000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
498000 usd
CY2023 us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
2129000 usd
CY2022 us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
0 usd
CY2021 us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
0 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2868000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
36981000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7936000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6791000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3352000 usd
CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
12000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18368000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9272000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-28095000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
339000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3538000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-410000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-26141000 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51040000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24899000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51040000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82092000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
23949000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
20462000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
30009000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
4145000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2736000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1444000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8474000 usd
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
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023 myrg Contract With Customer Retention Provision
ContractWithCustomerRetentionProvision
0.10
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-100000 usd
CY2023 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, 2023 and 2022, the Company recognized revenues of $76.5 million and $19.6 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, 2023, changes in estimates pertaining to certain projects decreased consolidated gross margin by 1.7%, which resulted in decreases in operating income of $62.2 million, net income of $43.6 million and diluted earnings per common share attributable to MYR Group Inc. of $2.59. The estimates are reviewed and revised quarterly, as needed. Additional discussion on the impact of these estimate changes can be found in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”</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, 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. </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 attributable to MYR Group Inc. of $6.6 million and diluted earnings per common share attributable to MYR Group Inc. of $0.39.</span></div>
CY2023 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
76500000 usd
CY2022 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
19600000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
1800000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
1200000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
800000 usd
CY2023 myrg Lessee Operating And Finance Leases Option To Extend Term
LesseeOperatingAndFinanceLeasesOptionToExtendTerm
P6Y
CY2023 myrg Lessee Operating And Finance Leases Option To Terminate Period
LesseeOperatingAndFinanceLeasesOptionToTerminatePeriod
P1Y
CY2023 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 37.9%, 35.4%, and 34.9% of consolidated revenues for the years ended December 31, 2023, 2022 and 2021, respectively. For the years ended December 31, 2023, 2022 and 2021, 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, 2023 and 2022, 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, 2023, approximately 84% 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
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
600000 usd
CY2022Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
500000 usd
CY2023Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
217083000 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
156266000 usd
CY2023Q4 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
203533000 usd
CY2022Q4 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
144349000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
420616000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
300615000 usd
CY2023Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
231604000 usd
CY2022Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
223654000 usd
CY2023Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
8807000 usd
CY2022Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
3401000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
240411000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
227055000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
420616000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
300615000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
240411000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
227055000 usd
CY2023Q4 myrg Net Contract Assets Liabilities
NetContractAssetsLiabilities
180205000 usd
CY2022Q4 myrg Net Contract Assets Liabilities
NetContractAssetsLiabilities
73560000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
130700000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
117300000 usd
CY2023Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
6716990000 usd
CY2022Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
5390535000 usd
CY2023Q4 myrg Billings To Date
BillingsToDate
6731511000 usd
CY2022Q4 myrg Billings To Date
BillingsToDate
5457923000 usd
CY2023Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-14521000 usd
CY2022Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-67388000 usd
CY2023Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
217083000 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
156266000 usd
CY2023Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
231604000 usd
CY2022Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
223654000 usd
CY2023Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-14521000 usd
CY2022Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-67388000 usd
CY2023 myrg Lessee Operating And Finance Leases Option To Extend Term
LesseeOperatingAndFinanceLeasesOptionToExtendTerm
P6Y
CY2023 myrg Lessee Operating And Finance Leases Option To Terminate Period
LesseeOperatingAndFinanceLeasesOptionToTerminatePeriod
P1Y
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35012000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
30544000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2363000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3238000 usd
CY2023Q4 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
37375000 usd
CY2022Q4 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
33782000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9237000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9711000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2039000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1127000 usd
CY2023Q4 myrg Lease Liability Current
LeaseLiabilityCurrent
11276000 usd
CY2022Q4 myrg Lease Liability Current
LeaseLiabilityCurrent
10838000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25775000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20845000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
314000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2313000 usd
CY2023Q4 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
26089000 usd
CY2022Q4 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
23158000 usd
CY2023Q4 myrg Lease Liability
LeaseLiability
37365000 usd
CY2022Q4 myrg Lease Liability
LeaseLiability
33996000 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y10M24D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.031
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.030
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1792000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1138000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
83000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
128000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
14302000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
13428000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
353000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
415000 usd
CY2023 us-gaap Lease Cost
LeaseCost
16530000 usd
CY2022 us-gaap Lease Cost
LeaseCost
15109000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
14519000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
13287000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11039000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21663000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
517000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2078000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13148000 usd
CY2023Q4 myrg Lease Liability To Be Paid One Year
LeaseLiabilityToBePaidOneYear
15226000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
320000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11188000 usd
CY2023Q4 myrg Lease Liability To Be Paid Year Two
LeaseLiabilityToBePaidYearTwo
11508000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9099000 usd
CY2023Q4 myrg Lease Liability To Be Paid Year Three
LeaseLiabilityToBePaidYearThree
9099000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4568000 usd
CY2023Q4 myrg Lease Liability To Be Paid Year Four
LeaseLiabilityToBePaidYearFour
4568000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3503000 usd
CY2023Q4 myrg Lease Liability To Be Paid Year Five
LeaseLiabilityToBePaidYearFive
3503000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2956000 usd
CY2023Q4 myrg Lease Liability To Be Paid After Year Five
LeaseLiabilityToBePaidAfterYearFive
2956000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2398000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
44462000 usd
CY2023Q4 myrg Lease Liability To Be Paid
LeaseLiabilityToBePaid
46860000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
45000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9450000 usd
CY2023Q4 myrg Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
9495000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2353000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
35012000 usd
CY2023Q4 myrg Lease Liability
LeaseLiability
37365000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2039000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9237000 usd
CY2023Q4 myrg Lease Liability Current
LeaseLiabilityCurrent
11276000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
314000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25775000 usd
CY2023Q4 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
26089000 usd
CY2023Q4 us-gaap Contract Receivable Due One Year Or Less
ContractReceivableDueOneYearOrLess
516142000 usd
CY2022Q4 us-gaap Contract Receivable Due One Year Or Less
ContractReceivableDueOneYearOrLess
471724000 usd
CY2023Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
7738000 usd
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
2892000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
523880000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
474616000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1987000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2073000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
521893000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
472543000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4954000 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
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
85000 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
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3000 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
CY2023 myrg Allowance For Doubtful Accounts Receivable Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslationAdjustments
2000 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
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1987000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2073000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2441000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
44410000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
45977000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2125000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1847000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
46535000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
47824000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
649443000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
584928000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
380465000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
351753000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
268978000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
233175000 usd
CY2023 us-gaap Depreciation
Depreciation
54200000 usd
CY2022 us-gaap Depreciation
Depreciation
49200000 usd
CY2021 us-gaap Depreciation
Depreciation
43900000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2117000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2117000 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
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
116953000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
116953000 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
CY2023 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-1768000 usd
CY2023 myrg Finite Lived Intangible Assets Foreign Currency Translation Gain Loss Adjusments
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossAdjusments
-270000 usd
CY2023 myrg Finite Lived Intangible Assets Foreign Currency Translation Gain Loss Net Of Adjustments
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossNetOfAdjustments
-1498000 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
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
114050000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
30534000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
83516000 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
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4900000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4954000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4954000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4815000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4805000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
24857000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
49339000 usd
CY2023Q4 myrg Accrued Payroll And Incentive Compensation Current
AccruedPayrollAndIncentiveCompensationCurrent
39986000 usd
CY2022Q4 myrg Accrued Payroll And Incentive Compensation Current
AccruedPayrollAndIncentiveCompensationCurrent
31355000 usd
CY2023Q4 myrg Accrued Union Dues And Benefit
AccruedUnionDuesAndBenefit
26107000 usd
CY2022Q4 myrg Accrued Union Dues And Benefit
AccruedUnionDuesAndBenefit
21500000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
13903000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
6574000 usd
CY2023Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
8592000 usd
CY2022Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
9119000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12005000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11370000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
100593000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
79918000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
36241000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
40553000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7053000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5074000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
29188000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
35479000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3643905000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3008542000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2498289000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3643905000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3008542000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2498289000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2300000000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2301147000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1867008000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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