$MYRG
MYR GROUP INC.

2016 Q1 Form 10-Q Financial Statement

#000114420416098942 Filed on May 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q4 2015 Q1
Revenue $253.6M $271.2M $244.1M
YoY Change 3.89% 8.05% 13.22%
Cost Of Revenue $226.4M $238.6M $214.8M
YoY Change 5.39% 14.22% 13.9%
Gross Profit $27.28M $32.61M $29.37M
YoY Change -7.13% -22.51% 8.47%
Gross Profit Margin 10.76% 12.03% 12.03%
Selling, General & Admin $23.86M $22.70M $18.59M
YoY Change 28.33% 15.82% 10.17%
% of Gross Profit 87.46% 69.61% 63.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.705M $10.00M $8.881M
YoY Change 9.28% 17.65% 11.71%
% of Gross Profit 35.57% 30.66% 30.23%
Operating Expenses $23.86M $23.00M $18.59M
YoY Change 28.33% 17.35% 10.17%
Operating Profit $3.307M $9.611M $11.60M
YoY Change -71.48% -57.25% 14.46%
Interest Expense $183.0K -$200.0K $179.0K
YoY Change 2.23% 0.0% 0.56%
% of Operating Profit 5.53% -2.08% 1.54%
Other Income/Expense, Net $108.0K -$200.0K -$58.00K
YoY Change -286.21% -207.41%
Pretax Income $3.236M $9.900M $11.37M
YoY Change -71.53% -55.61% 13.55%
Income Tax $1.249M $4.100M $4.195M
% Of Pretax Income 38.6% 41.41% 36.91%
Net Earnings $1.987M $5.881M $7.172M
YoY Change -72.3% -58.37% 14.35%
Net Earnings / Revenue 0.78% 2.17% 2.94%
Basic Earnings Per Share $0.10 $0.29 $0.35
Diluted Earnings Per Share $0.10 $0.29 $0.34
COMMON SHARES
Basic Shares Outstanding 19.32M shares 20.56M shares
Diluted Shares Outstanding 19.63M shares 21.05M shares

Balance Sheet

Concept 2016 Q1 2015 Q4 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.00M $39.80M $61.80M
YoY Change -57.93% -48.71% 13.6%
Cash & Equivalents $26.04M $39.80M $61.83M
Short-Term Investments
Other Short-Term Assets $6.368M $7.942M $6.784M
YoY Change -6.13% 15.44% 4.45%
Inventory $71.60M $51.50M $64.70M
Prepaid Expenses
Receivables $172.8M $187.2M $156.9M
Other Receivables $13.30M $17.20M $12.30M
Total Short-Term Assets $290.0M $303.4M $314.4M
YoY Change -7.75% -3.23% 1.93%
LONG-TERM ASSETS
Property, Plant & Equipment $153.8M $160.7M $156.0M
YoY Change -1.43% 8.09% 4.08%
Goodwill $47.12M $47.12M $46.60M
YoY Change 1.13% 1.13% 0.0%
Intangibles $11.15M $11.36M $9.782M
YoY Change 14.0% 15.17% -3.29%
Long-Term Investments
YoY Change
Other Assets $2.532M $2.394M $1.432M
YoY Change 76.82% 63.19% -16.11%
Total Long-Term Assets $214.6M $221.6M $213.8M
YoY Change 0.36% 7.25% 2.64%
TOTAL ASSETS
Total Short-Term Assets $290.0M $303.4M $314.4M
Total Long-Term Assets $214.6M $221.6M $213.8M
Total Assets $504.6M $524.9M $528.2M
YoY Change -4.47% 0.93% 2.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.48M $73.30M $67.33M
YoY Change 19.54% 17.76% -0.84%
Accrued Expenses $33.60M $51.00M $38.50M
YoY Change -12.73% -6.59% -3.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K
YoY Change
Total Short-Term Liabilities $183.8M $179.7M $173.0M
YoY Change 6.23% 4.75% -8.62%
LONG-TERM LIABILITIES
Long-Term Debt $600.0K $0.00 $0.00
YoY Change
Other Long-Term Liabilities $900.0K $926.0K $1.221M
YoY Change -26.29% -23.85% -1.69%
Total Long-Term Liabilities $1.500M $926.0K $1.221M
YoY Change 22.85% -23.85% -1.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $183.8M $179.7M $173.0M
Total Long-Term Liabilities $1.500M $926.0K $1.221M
Total Liabilities $199.6M $195.0M $199.0M
YoY Change 0.32% -1.26% -7.16%
SHAREHOLDERS EQUITY
Retained Earnings $152.8M $168.2M $178.4M
YoY Change -14.32% -1.75% 26.57%
Common Stock $152.1M $161.5M $150.9M
YoY Change 0.85% 6.76% -6.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $305.0M $329.9M $329.3M
YoY Change
Total Liabilities & Shareholders Equity $504.6M $524.9M $528.2M
YoY Change -4.47% 0.93% 2.21%

Cashflow Statement

Concept 2016 Q1 2015 Q4 2015 Q1
OPERATING ACTIVITIES
Net Income $1.987M $5.881M $7.172M
YoY Change -72.3% -58.37% 14.35%
Depreciation, Depletion And Amortization $9.705M $10.00M $8.881M
YoY Change 9.28% 17.65% 11.71%
Cash From Operating Activities $14.40M $32.30M $1.400M
YoY Change 928.57% 50.93% -115.56%
INVESTING ACTIVITIES
Capital Expenditures $3.769M -$3.800M $16.36M
YoY Change -76.96% 26.67% 31.52%
Acquisitions
YoY Change
Other Investing Activities $1.000M -$900.0K $900.0K
YoY Change 11.11% -1000.0%
Cash From Investing Activities -$2.700M -$4.700M -$15.40M
YoY Change -82.47% 62.07% 24.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $25.69M $3.140M
YoY Change 718.03% 281.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.40M -18.20M -1.800M
YoY Change 1311.11% 237.04% 157.14%
NET CHANGE
Cash From Operating Activities 14.40M 32.30M 1.400M
Cash From Investing Activities -2.700M -4.700M -15.40M
Cash From Financing Activities -25.40M -18.20M -1.800M
Net Change In Cash -13.70M 9.400M -15.80M
YoY Change -13.29% -28.24% -28.51%
FREE CASH FLOW
Cash From Operating Activities $14.40M $32.30M $1.400M
Capital Expenditures $3.769M -$3.800M $16.36M
Free Cash Flow $10.63M $36.10M -$14.96M
YoY Change -171.05% 47.95% -30.22%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q1 us-gaap Cost Of Services
CostOfServices
214774000 USD
CY2016Q1 us-gaap Cost Of Services
CostOfServices
226353000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
29374000 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
27281000 USD
CY2016Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
211000 USD
CY2015Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
898000 USD
CY2016Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
96000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
11597000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3307000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
1987000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2016Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
4000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
179000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
183000 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-58000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
108000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11367000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20562000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19321000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21052000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19634000 shares
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
153751000 USD
CY2016Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
4710000 USD
CY2016Q1 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
8557000 USD
CY2015Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
11290000 USD
CY2016Q1 dei Trading Symbol
TradingSymbol
MYRG
CY2016Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
18226788 shares
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26039000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39797000 USD
CY2016Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
172815000 USD
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
187235000 USD
CY2016Q1 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
71557000 USD
CY2015Q4 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
51486000 USD
CY2016Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000700923
CY2016Q1 dei Entity Registrant Name
EntityRegistrantName
MYR GROUP INC.
CY2016Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2016Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016Q1 dei Document Period End Date
DocumentPeriodEndDate
2016-03-31
CY2016Q1 dei Amendment Flag
AmendmentFlag
false
CY2016Q1 dei Document Type
DocumentType
10-Q
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
187000 USD
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
198000 USD
CY2016Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
151950000 USD
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
161342000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
152846000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
168224000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
305018000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
329880000 USD
CY2015Q4 us-gaap Assets Current
AssetsCurrent
303367000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1906000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7172000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
504604000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23859000 USD
CY2015Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
83000 USD
CY2016Q1 us-gaap Assets Current
AssetsCurrent
290046000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
7942000 USD
CY2016Q1 us-gaap Other Assets Current
OtherAssetsCurrent
6368000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18592000 USD
CY2015Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
7000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3236000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4195000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1249000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
7172000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
160678000 USD
CY2016Q1 us-gaap Goodwill
Goodwill
47124000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
47124000 USD
CY2016Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11151000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11362000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2532000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2394000 USD
CY2016Q1 us-gaap Assets
Assets
504604000 USD
CY2015Q4 us-gaap Assets
Assets
524925000 USD
CY2016Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
80484000 USD
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
73300000 USD
CY2016Q1 us-gaap Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
44640000 USD
CY2015Q4 us-gaap Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
40614000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
524925000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
116000 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
35000 USD
CY2015Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
244148000 USD
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
253634000 USD
CY2016Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-81000 USD
CY2015Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
0 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2016Q1 myrg Business Combination Total Consideration
BusinessCombinationTotalConsideration
11374000 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
10662000 USD
CY2016Q1 myrg Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Costs And Estimated Earnings In Excess Of Billings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCostsAndEstimatedEarningsInExcessOfBillings
2102000 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
59000 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
2031000 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
2068000 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
3621000 USD
CY2016Q1 myrg Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Billings In Excess Of Costs And Estimated Earnings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBillingsInExcessOfCostsAndEstimatedEarnings
1490000 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
437000 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
11374000 USD
CY2016Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2015Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
2153085000 USD
CY2016Q1 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
1900080000 USD
CY2015Q4 myrg Billings To Date
BillingsToDate
2142213000 USD
CY2016Q1 myrg Billings To Date
BillingsToDate
1873163000 USD
CY2015Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
19300000 USD
CY2015Q4 myrg Letters Of Credit Outstanding Amount Related To Payment Obligation Under Insurance Programs
LettersOfCreditOutstandingAmountRelatedToPaymentObligationUnderInsurancePrograms
17500000 USD
CY2015Q4 myrg Letters Of Credit Outstanding Amount Related To Contract Performance Obligations
LettersOfCreditOutstandingAmountRelatedToContractPerformanceObligations
1800000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1700000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1800000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1300000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-81000 USD
CY2016Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
600000 USD
CY2016Q1 myrg Loss Contingency Insurance Policy Deductible For Each Line Of Coverage Excluding Health
LossContingencyInsurancePolicyDeductibleForEachLineOfCoverageExcludingHealth
1000000 USD
CY2016Q1 myrg Loss Contingency Health Insurance Deductible For Qualified Individuals
LossContingencyHealthInsuranceDeductibleForQualifiedIndividuals
100000 USD
CY2016Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7127000 USD
CY2016Q1 myrg Outstanding Performance Bonds
OutstandingPerformanceBonds
872100000 USD
CY2016Q1 myrg Estimated Cost To Complete Bonded Projects
EstimatedCostToCompleteBondedProjects
104600000 USD
CY2015Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
45000 USD
CY2016Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1987000 USD
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
490000 shares
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
313000 shares
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
346000 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
376000 USD
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
189449000 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
181575000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4009000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3798000 USD
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18878060 shares
CY2016Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18878060 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
19969347 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
19969347 shares
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2016Q1 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;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><i><font style="FONT-SIZE: 10pt">Use of Estimates</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in"> <font style="FONT-SIZE: 10pt">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 estimates of costs to complete on our contracts, insurance reserves, income tax reserves, estimates surrounding stock-based compensation, the recoverability of goodwill and intangibles and accounts receivable reserves.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in"> <font style="FONT-SIZE: 10pt">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 revised quarterly, as needed. During the three months ended March 31, 2016, changes in estimates pertaining to certain projects resulted in decreased consolidated gross margin of 0.6%. The Company&#8217;s income from operations for the three months ended March 31, 2016 decreased $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.5</font> million due to the changes in estimated gross profit. These changes in estimates resulted in decreases of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.9</font> million in net income or $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.05</font> in diluted earnings per common share during the three months ended March 31, 2016. During the three months ended March 31, 2015, changes in estimates pertaining to certain projects, the majority of which were transmission projects, resulted in increased consolidated gross margin of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1.5</font>%. The Company&#8217;s income from operations for the three months ended March 31, 2015 increased $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3.7</font> million due to the changes in estimated gross profit. These changes in estimates resulted in increases of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.3</font> million in net income or $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.11</font> in diluted earnings per common share during the three months ended March 31, 2015.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
26917000 USD
CY2015Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
10872000 USD
CY2016Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2016Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
600000 USD
CY2015Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
600000 USD
CY2016Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
25961 shares
CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.01
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1000000 USD
CY2016Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
22.42
CY2016Q1 myrg Significant Purchase Commitment Scheduled Period Of Time For Cash Outlay
SignificantPurchaseCommitmentScheduledPeriodOfTimeForCashOutlay
P2M
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
129000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
0 USD
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
616000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
0 USD
CY2016Q1 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2015Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2016Q1 us-gaap Depreciation
Depreciation
9705000 USD
CY2015Q1 us-gaap Depreciation
Depreciation
8881000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
730000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1049000 USD
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-75000 USD
CY2015Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-30000 USD
CY2016Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
61000 USD
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-62000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-14420000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1389000 USD
CY2016Q1 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
-2733000 USD
CY2015Q1 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
-50000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2046000 USD
CY2015Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2158000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8004000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5189000 USD
CY2016Q1 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
-3378000 USD
CY2015Q1 us-gaap Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
-951000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-5755000 USD
CY2015Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2379000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
14426000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1370000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
938000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1032000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3769000 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16362000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2737000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-15424000 USD
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
104000 USD
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
378000 USD
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
135000 USD
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1010000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25686000 USD
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3140000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-25447000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1752000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-13758000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-15806000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
77636000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
61830000 USD
CY2016Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
745000 USD
CY2015Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2016Q1 myrg Share Repurchases That Have Not Settled
ShareRepurchasesThatHaveNotSettled
2691000 USD
CY2015Q1 myrg Share Repurchases That Have Not Settled
ShareRepurchasesThatHaveNotSettled
0 USD
CY2016Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
745000 USD
CY2015Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2016Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
24300000 USD
CY2016Q1 myrg Letters Of Credit Outstanding Amount Related To Payment Obligation Under Insurance Programs
LettersOfCreditOutstandingAmountRelatedToPaymentObligationUnderInsurancePrograms
17600000 USD
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
160000 USD
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
160000 USD
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
160000 USD
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
40000 USD
CY2016Q1 myrg Letters Of Credit Outstanding Amount Related To Contract Performance Obligations
LettersOfCreditOutstandingAmountRelatedToContractPerformanceObligations
6700000 USD
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Remainder Of Fiscal Year
CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear
120000 USD
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
160000 USD
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
800000 USD
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
55000 USD
CY2016Q1 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
745000 USD
CY2016Q1 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
129000 USD
CY2016Q1 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
616000 USD
CY2016Q1 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
700000 USD
CY2016Q1 us-gaap Capital Lease Obligations
CapitalLeaseObligations
6800000 USD
CY2016Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1225753 shares
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
500000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
200000 USD
CY2016Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
20071000 USD
CY2015Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
20081000 USD
CY2016Q1 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
4026000 USD
CY2015Q1 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-5082000 USD
CY2016Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
200000 USD

Files In Submission

Name View Source Status
0001144204-16-098942-index-headers.html Edgar Link pending
0001144204-16-098942-index.html Edgar Link pending
0001144204-16-098942.txt Edgar Link pending
0001144204-16-098942-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
myrg-20160331.xml Edgar Link completed
myrg-20160331.xsd Edgar Link pending
myrg-20160331_cal.xml Edgar Link unprocessable
myrg-20160331_def.xml Edgar Link unprocessable
myrg-20160331_lab.xml Edgar Link unprocessable
myrg-20160331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v435935_10q.htm Edgar Link pending
v435935_ex31-1.htm Edgar Link pending
v435935_ex31-2.htm Edgar Link pending
v435935_ex32-1.htm Edgar Link pending
v435935_ex32-2.htm Edgar Link pending