2014 Q4 Form 10-Q Financial Statement
#000114420414065287 Filed on November 05, 2014
Income Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
Revenue | $251.0M | $248.5M | $232.9M |
YoY Change | -1.41% | 6.69% | -7.05% |
Cost Of Revenue | $208.9M | $215.7M | $200.4M |
YoY Change | -5.35% | 7.66% | -9.31% |
Gross Profit | $42.08M | $32.72M | $32.48M |
YoY Change | 24.36% | 0.74% | 9.84% |
Gross Profit Margin | 16.77% | 13.17% | 13.95% |
Selling, General & Admin | $19.60M | $19.28M | $19.58M |
YoY Change | 8.29% | -1.5% | 25.17% |
% of Gross Profit | 46.58% | 58.92% | 60.27% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $8.500M | $8.600M | $7.258M |
YoY Change | 10.39% | 18.49% | 13.05% |
% of Gross Profit | 20.2% | 26.28% | 22.34% |
Operating Expenses | $19.60M | $19.28M | $19.58M |
YoY Change | 7.69% | -1.5% | 25.17% |
Operating Profit | $22.48M | $13.41M | $13.08M |
YoY Change | 43.77% | 2.51% | -8.13% |
Interest Expense | -$200.0K | $179.0K | $175.0K |
YoY Change | 0.0% | 2.29% | -52.45% |
% of Operating Profit | -0.89% | 1.34% | 1.34% |
Other Income/Expense, Net | $0.00 | $2.000K | $2.000K |
YoY Change | 0.0% | -102.3% | |
Pretax Income | $22.30M | $13.29M | $12.91M |
YoY Change | 42.95% | 2.95% | -6.35% |
Income Tax | $8.200M | $4.883M | $4.591M |
% Of Pretax Income | 36.77% | 36.75% | 35.57% |
Net Earnings | $14.13M | $8.404M | $8.315M |
YoY Change | 40.96% | 1.07% | -4.93% |
Net Earnings / Revenue | 5.63% | 3.38% | 3.57% |
Basic Earnings Per Share | $0.68 | $0.40 | $0.39 |
Diluted Earnings Per Share | $0.66 | $0.39 | $0.38 |
COMMON SHARES | |||
Basic Shares Outstanding | 20.78M shares | 20.99M shares | 20.86M shares |
Diluted Shares Outstanding | 21.52M shares | 21.45M shares |
Balance Sheet
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $77.60M | $64.60M | $62.90M |
YoY Change | 1.44% | 2.7% | 278.92% |
Cash & Equivalents | $77.64M | $64.61M | $62.89M |
Short-Term Investments | |||
Other Short-Term Assets | $6.880M | $2.683M | $2.572M |
YoY Change | 9.5% | 4.32% | 67.01% |
Inventory | $44.60M | $61.40M | $41.90M |
Prepaid Expenses | |||
Receivables | $158.1M | $160.4M | $181.1M |
Other Receivables | $15.00M | $14.50M | $13.60M |
Total Short-Term Assets | $313.5M | $316.7M | $314.5M |
YoY Change | -3.23% | 0.7% | 16.45% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $148.7M | $154.0M | $140.5M |
YoY Change | 4.0% | 9.6% | 7.22% |
Goodwill | $46.60M | $46.60M | $46.60M |
YoY Change | 0.0% | 0.0% | 0.0% |
Intangibles | $9.865M | $9.949M | $10.28M |
YoY Change | -3.27% | -3.25% | -3.16% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.467M | $1.462M | $1.794M |
YoY Change | -15.88% | -18.51% | -6.42% |
Total Long-Term Assets | $206.6M | $212.0M | $199.2M |
YoY Change | 2.54% | 6.44% | 4.73% |
TOTAL ASSETS | |||
Total Short-Term Assets | $313.5M | $316.7M | $314.5M |
Total Long-Term Assets | $206.6M | $212.0M | $199.2M |
Total Assets | $520.1M | $528.7M | $513.7M |
YoY Change | -1.02% | 2.92% | 11.61% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $62.25M | $68.15M | $67.12M |
YoY Change | -21.81% | 1.54% | -27.77% |
Accrued Expenses | $54.60M | $39.40M | $39.20M |
YoY Change | 1.11% | 0.51% | -1.01% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $171.6M | $192.6M | $206.5M |
YoY Change | -16.04% | -6.74% | 5.17% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $1.216M | $1.074M | $1.350M |
YoY Change | -1.38% | -20.44% | 7.31% |
Total Long-Term Liabilities | $1.216M | $1.074M | $1.350M |
YoY Change | -1.38% | -20.44% | 7.31% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $171.6M | $192.6M | $206.5M |
Total Long-Term Liabilities | $1.216M | $1.074M | $1.350M |
Total Liabilities | $197.5M | $217.4M | $229.5M |
YoY Change | -13.87% | -5.29% | 5.76% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $171.2M | $157.1M | $124.7M |
YoY Change | 27.13% | 26.02% | 38.28% |
Common Stock | $151.3M | $154.0M | $159.3M |
YoY Change | -6.25% | -3.32% | 4.2% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $322.6M | $311.3M | $284.2M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $520.1M | $528.7M | $513.7M |
YoY Change | -1.02% | 2.92% | 11.61% |
Cashflow Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $14.13M | $8.404M | $8.315M |
YoY Change | 40.96% | 1.07% | -4.93% |
Depreciation, Depletion And Amortization | $8.500M | $8.600M | $7.258M |
YoY Change | 10.39% | 18.49% | 13.05% |
Cash From Operating Activities | $21.40M | $29.30M | $33.50M |
YoY Change | -9.32% | -12.54% | 165.87% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$3.000M | -$10.80M | $9.622M |
YoY Change | -73.21% | -212.24% | -17.51% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $100.0K | $0.00 | $400.0K |
YoY Change | -66.67% | -100.0% | -20.0% |
Cash From Investing Activities | -$2.900M | -$10.70M | -$9.200M |
YoY Change | -73.64% | 16.3% | -17.12% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -5.400M | -8.600M | 1.000M |
YoY Change | -700.0% | -960.0% | -110.99% |
NET CHANGE | |||
Cash From Operating Activities | 21.40M | 29.30M | 33.50M |
Cash From Investing Activities | -2.900M | -10.70M | -9.200M |
Cash From Financing Activities | -5.400M | -8.600M | 1.000M |
Net Change In Cash | 13.10M | 10.00M | 25.30M |
YoY Change | -2.96% | -60.47% | -432.89% |
FREE CASH FLOW | |||
Cash From Operating Activities | $21.40M | $29.30M | $33.50M |
Capital Expenditures | -$3.000M | -$10.80M | $9.622M |
Free Cash Flow | $24.40M | $40.10M | $23.88M |
YoY Change | -29.89% | 67.94% | 2453.8% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
232890000 | USD |
CY2014Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
248473000 | USD |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b><i>Reclassification</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Certain reclassifications were made to prior year amounts to conform to the current year presentation. The Company reclassified shares withheld to satisfy employee tax obligations upon vesting of restricted and performance shares to repurchase of common shares on the condensed consolidated statements of cash flows for the nine months ended September 30, 2013.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2014Q3 | us-gaap |
Assets
Assets
|
528699000 | USD |
CY2013Q4 | us-gaap |
Assets
Assets
|
525422000 | USD |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b><i>Use of Estimates</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities 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. The most significant estimates are related to the completion percentages on our contracts, insurance reserves, accounts receivable reserves, the recoverability of goodwill and intangibles and estimates surrounding stock-based compensation.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The percentage of completion method of accounting requires the Company to make estimates about the expected revenue and gross profit on each of its contracts in process. The estimates are reviewed and, as needed, revised quarterly. During the three and nine months ended September 30, 2014, changes in estimates pertaining to certain transmission projects resulted in increased gross margins of 1.0% and 1.7%, respectively. The Company’s income from operations was positively impacted by $2.4 million and $11.7 million, respectively, due to the changes in estimated gross profit that occurred during those periods. These changes in estimates resulted in increases of $1.5 million and $7.3 million in net income or $0.07 and $0.34 in diluted earnings per common share during the three and nine months ended September 30, 2014, respectively. During the three and nine months ended September 30, 2013, changes in estimates pertaining to several transmission projects resulted in increased gross margins of 0.6% and 0.8%, respectively. The Company’s income from operations was positively impacted by $1.5 million and $5.5 million, respectively, due to the changes in estimated gross profit that occurred during those periods. These changes in estimates resulted in increases of $1.0 million and $3.5 million in net income or $0.04 and $0.16 in diluted earnings per common share during the three and nine months ended September 30, 2013, respectively.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2014Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
2629000 | USD |
CY2013Q4 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
|
40519000 | USD |
CY2014Q3 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
13143000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
14550000 | USD |
CY2014Q3 | us-gaap |
Insurance Settlements Receivable
InsuranceSettlementsReceivable
|
11873000 | USD |
CY2013Q4 | us-gaap |
Insurance Settlements Receivable
InsuranceSettlementsReceivable
|
11389000 | USD |
CY2013Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
1286000 | USD |
CY2014Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2683000 | USD |
CY2013Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
6283000 | USD |
CY2014Q3 | us-gaap |
Assets Current
AssetsCurrent
|
316721000 | USD |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | pure | |
CY2014Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
64609000 | USD |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
76454000 | USD |
CY2014Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
160406000 | USD |
CY2013Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
173468000 | USD |
CY2014Q3 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
|
61378000 | USD |
CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
323949000 | USD |
CY2014Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
153968000 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
142931000 | USD |
CY2014Q3 | us-gaap |
Goodwill
Goodwill
|
46599000 | USD |
CY2013Q4 | us-gaap |
Goodwill
Goodwill
|
46599000 | USD |
CY2014Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
9949000 | USD |
CY2013Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
10199000 | USD |
CY2014Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1462000 | USD |
CY2013Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1744000 | USD |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2893000 | USD |
CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4000000 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
21223076 | shares |
CY2014Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
20958619 | shares |
CY2014Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
68150000 | USD |
CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
79605000 | USD |
CY2014Q3 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
48468000 | USD |
CY2013Q4 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
52952000 | USD |
CY2014Q3 | us-gaap |
Self Insurance Reserve Current
SelfInsuranceReserveCurrent
|
39419000 | USD |
CY2013Q4 | us-gaap |
Self Insurance Reserve Current
SelfInsuranceReserveCurrent
|
39111000 | USD |
CY2014Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
36558000 | USD |
CY2013Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
32711000 | USD |
CY2014Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
192595000 | USD |
CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
204379000 | USD |
CY2014Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
23719000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
23719000 | USD |
CY2014Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1074000 | USD |
CY2013Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1233000 | USD |
CY2014Q3 | us-gaap |
Liabilities
Liabilities
|
217388000 | USD |
CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
229331000 | USD |
CY2014Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2014Q3 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
0 | USD |
CY2013Q4 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
0 | USD |
CY2014Q3 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
207000 | USD |
CY2013Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
210000 | USD |
CY2014Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
154008000 | USD |
CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
161202000 | USD |
CY2014Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
157096000 | USD |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
134679000 | USD |
CY2014Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
311311000 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
296091000 | USD |
CY2014Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
528699000 | USD |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
525422000 | USD |
CY2014Q3 | myrg |
Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
|
1887112000 | USD |
CY2013Q4 | myrg |
Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
|
1748204000 | USD |
CY2014Q3 | myrg |
Billings To Date
BillingsToDate
|
1874202000 | USD |
CY2013Q4 | myrg |
Billings To Date
BillingsToDate
|
1760637000 | USD |
CY2014Q3 | myrg |
Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
|
12910000 | USD |
CY2013Q4 | myrg |
Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
|
-12433000 | USD |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure | |
CY2013Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure |
CY2014Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure |
CY2014Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
700000 | USD |
CY2013Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
800000 | USD |
CY2014Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
19600000 | USD |
CY2013Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
18400000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
600000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
1200000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
600000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
400000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
300000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
300000 | USD |
CY2014Q3 | us-gaap |
Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
|
1000000 | USD |
myrg |
Significant Purchase Commitment Scheduled Period Of Time For Cash Outlay
SignificantPurchaseCommitmentScheduledPeriodOfTimeForCashOutlay
|
P3M | ||
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
648148000 | USD | |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
692988000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
39831000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
35934000 | USD | |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
13079000 | USD |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
13407000 | USD |
CY2014Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
1192000 | USD |
CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
1132000 | USD |
CY2014Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
139604000 | USD |
CY2013Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
115679000 | USD |
CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
3143000 | USD |
CY2014Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2014Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4000000 | shares |
CY2014Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2014Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2014Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2014Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
20958619 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
21223076 | shares |
us-gaap |
Net Income Loss
NetIncomeLoss
|
24737000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
22417000 | USD | |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8315000 | USD |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8404000 | USD |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
237000 | USD | |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
176000 | USD | |
CY2013Q3 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
83000 | USD |
CY2014Q3 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
58000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
24500000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
22241000 | USD | |
CY2013Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
8232000 | USD |
CY2014Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
8346000 | USD |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20769000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21040000 | shares | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20860000 | shares |
CY2014Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20988000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
629000 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
496000 | shares | |
CY2013Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
592000 | shares |
CY2014Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
533000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21398000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21536000 | shares | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21452000 | shares |
CY2014Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21521000 | shares |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.18 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.06 | ||
CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.39 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.40 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.14 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.03 | ||
CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.38 | |
CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.39 | |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
438577 | shares | |
us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
23.96 | ||
CY2014Q3 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
25000000 | USD |
CY2014Q3 | myrg |
Adjustments To Additional Paid In Capital Under Stock Repurchased Costs
AdjustmentsToAdditionalPaidInCapitalUnderStockRepurchasedCosts
|
10500000 | USD |
CY2014Q3 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
14500000 | USD |
us-gaap |
Cost Of Services
CostOfServices
|
557109000 | USD | |
us-gaap |
Cost Of Services
CostOfServices
|
602656000 | USD | |
CY2013Q3 | us-gaap |
Cost Of Services
CostOfServices
|
200407000 | USD |
CY2014Q3 | us-gaap |
Cost Of Services
CostOfServices
|
215749000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
91039000 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
90332000 | USD | |
CY2013Q3 | us-gaap |
Gross Profit
GrossProfit
|
32483000 | USD |
CY2014Q3 | us-gaap |
Gross Profit
GrossProfit
|
32724000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
51727000 | USD | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
54267000 | USD | |
CY2013Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
19576000 | USD |
CY2014Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
19282000 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
251000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
250000 | USD | |
CY2013Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
84000 | USD |
CY2014Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
83000 | USD |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
770000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
119000 | USD | |
CY2013Q3 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
256000 | USD |
CY2014Q3 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
48000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3000 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
90000 | USD | |
CY2013Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
0 | USD |
CY2014Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
57000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
537000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
534000 | USD | |
CY2013Q3 | us-gaap |
Interest Expense
InterestExpense
|
175000 | USD |
CY2014Q3 | us-gaap |
Interest Expense
InterestExpense
|
179000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-15000 | USD | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
164000 | USD | |
CY2013Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2000 | USD |
CY2014Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
39282000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
35654000 | USD | |
CY2013Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
12906000 | USD |
CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
13287000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14545000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13237000 | USD | |
CY2013Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4591000 | USD |
CY2014Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4883000 | USD |
us-gaap |
Depreciation
Depreciation
|
21203000 | USD | |
us-gaap |
Depreciation
Depreciation
|
24551000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2551000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3271000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
400000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
1407000 | USD | |
us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
114000 | USD | |
us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
95000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
13907000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-13062000 | USD | |
us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
-19864000 | USD | |
us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
20859000 | USD | |
us-gaap |
Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
|
90000 | USD | |
us-gaap |
Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
|
484000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-795000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-2439000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-18745000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-11162000 | USD | |
us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
34429000 | USD | |
us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
-4484000 | USD | |
us-gaap |
Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
|
-390000 | USD | |
us-gaap |
Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
|
308000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
1051000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
2932000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
71493000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
33624000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
914000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
230000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
31540000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
35992000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-30626000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-35762000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1717000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
450000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
971000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
390000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
542000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
10585000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
56000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
38000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-9707000 | USD | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
MYR GROUP INC. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000700923 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
dei |
Trading Symbol
TradingSymbol
|
MYRG | ||
CY2014Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
20779219 | shares |
us-gaap |
Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
|
2015-08-31 | ||
myrg |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Performance Measures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPerformanceMeasures
|
2 | pure | |
myrg |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
|
2 | pure | |
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
CY2014Q3 | myrg |
Loss Contingency Insurance Policy Deductible For Each Line Of Coverage Excluding Health
LossContingencyInsurancePolicyDeductibleForEachLineOfCoverageExcludingHealth
|
1000000 | USD |
CY2014Q3 | myrg |
Loss Contingency Health Insurance Deductible For Qualified Individuals
LossContingencyHealthInsuranceDeductibleForQualifiedIndividuals
|
100000 | USD |
CY2014Q3 | myrg |
Adjustments To Additional Paid In Capital Under Stock Repurchased Costs Settled
AdjustmentsToAdditionalPaidInCapitalUnderStockRepurchasedCostsSettled
|
9800000 | USD |