$MYRG
MYR GROUP INC. Stock $myrg

$myrg Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000114420417024199 Filed on May 03, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$300.1M	$253.6M
YoY Change	18.33%	3.89%
Cost Of Revenue	$274.4M	$226.4M
YoY Change	21.22%	5.39%
Gross Profit	$25.74M	$27.28M
YoY Change	-5.65%	-7.13%
Gross Profit Margin	8.58%	10.76%
Selling, General & Admin	$25.78M	$23.86M
YoY Change	8.05%	28.33%
% of Gross Profit	100.15%	87.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$9.558M	$9.705M
YoY Change	-1.51%	9.28%
% of Gross Profit	37.13%	35.57%
Operating Expenses	$25.78M	$23.86M
YoY Change	8.05%	28.33%
Operating Profit	$480.0K	$3.307M
YoY Change	-85.49%	-71.48%
Interest Expense	$514.0K	$183.0K
YoY Change	180.87%	2.23%
% of Operating Profit	107.08%	5.53%
Other Income/Expense, Net	$874.0K	$108.0K
YoY Change	709.26%	-286.21%
Pretax Income	$841.0K	$3.236M
YoY Change	-74.01%	-71.53%
Income Tax	-$359.0K	$1.249M
% Of Pretax Income	-42.69%	38.6%
Net Earnings	$1.200M	$1.987M
YoY Change	-39.61%	-72.3%
Net Earnings / Revenue	0.4%	0.78%
Basic Earnings Per Share	$0.07	$0.10
Diluted Earnings Per Share	$0.07	$0.10
COMMON SHARES
Basic Shares Outstanding	16.16M shares	19.32M shares
Diluted Shares Outstanding	16.45M shares	19.63M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.900M	$26.00M
YoY Change	-73.46%	-57.93%
Cash & Equivalents	$6.939M	$26.04M
Short-Term Investments
Other Short-Term Assets	$7.275M	$6.368M
YoY Change	14.24%	-6.13%
Inventory	$72.90M	$71.60M
Prepaid Expenses
Receivables	$222.5M	$172.8M
Other Receivables	$21.10M	$13.30M
Total Short-Term Assets	$330.7M	$290.0M
YoY Change	14.02%	-7.75%
LONG-TERM ASSETS
Property, Plant & Equipment	$156.5M	$153.8M
YoY Change	1.76%	-1.43%
Goodwill	$46.78M	$47.12M
YoY Change	-0.73%	1.13%
Intangibles	$11.39M	$11.15M
YoY Change	2.1%	14.0%
Long-Term Investments
YoY Change
Other Assets	$3.376M	$2.532M
YoY Change	33.33%	76.82%
Total Long-Term Assets	$218.0M	$214.6M
YoY Change	1.6%	0.36%
TOTAL ASSETS
Total Short-Term Assets	$330.7M	$290.0M
Total Long-Term Assets	$218.0M	$214.6M
Total Assets	$548.7M	$504.6M
YoY Change	8.74%	-4.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$91.00M	$80.48M
YoY Change	13.07%	19.54%
Accrued Expenses	$44.40M	$33.60M
YoY Change	32.14%	-12.73%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.100M	$100.0K
YoY Change	1000.0%
Total Short-Term Liabilities	$222.7M	$183.8M
YoY Change	21.16%	6.23%
LONG-TERM LIABILITIES
Long-Term Debt	$39.58M	$600.0K
YoY Change	6496.67%
Other Long-Term Liabilities	$525.0K	$900.0K
YoY Change	-41.67%	-26.29%
Total Long-Term Liabilities	$40.11M	$1.500M
YoY Change	2573.67%	22.85%
TOTAL LIABILITIES
Total Short-Term Liabilities	$222.7M	$183.8M
Total Long-Term Liabilities	$40.11M	$1.500M
Total Liabilities	$284.8M	$199.6M
YoY Change	42.69%	0.32%
SHAREHOLDERS EQUITY
Retained Earnings	$123.8M	$152.8M
YoY Change	-18.99%	-14.32%
Common Stock	$140.5M	$152.1M
YoY Change	-7.62%	0.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$263.9M	$305.0M
YoY Change
Total Liabilities & Shareholders Equity	$548.7M	$504.6M
YoY Change	8.74%	-4.47%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$1.200M	$1.987M
YoY Change	-39.61%	-72.3%
Depreciation, Depletion And Amortization	$9.558M	$9.705M
YoY Change	-1.51%	9.28%
Cash From Operating Activities	$13.06M	$14.40M
YoY Change	-9.31%	928.57%
INVESTING ACTIVITIES
Capital Expenditures	$10.00M	$3.769M
YoY Change	165.38%	-76.96%
Acquisitions
YoY Change
Other Investing Activities	$900.0K	$1.000M
YoY Change	-10.0%	11.11%
Cash From Investing Activities	-$9.065M	-$2.700M
YoY Change	235.74%	-82.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$2.208M	$25.69M
YoY Change	-91.4%	718.03%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$21.06M	-25.40M
YoY Change	-17.1%	1311.11%
NET CHANGE
Cash From Operating Activities	$13.06M	14.40M
Cash From Investing Activities	-$9.065M	-2.700M
Cash From Financing Activities	-$21.06M	-25.40M
Net Change In Cash	-$17.06M	-13.70M
YoY Change	24.53%	-13.29%
FREE CASH FLOW
Cash From Operating Activities	$13.06M	$14.40M
Capital Expenditures	$10.00M	$3.769M
Free Cash Flow	$3.058M	$10.63M
YoY Change	-71.24%	-171.05%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-433000	USD
CY2017Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-482000	USD
CY2017Q1	us-gaap	Assets Assets	548708000	USD
CY2016Q4	us-gaap	Assets Assets	573495000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6939000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	23846000	USD
CY2017Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	222549000	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	234642000	USD
CY2017Q1	us-gaap	Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear	72903000	USD
CY2016Q4	us-gaap	Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear	69950000	USD
CY2017Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	2518000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	156458000	USD
CY2017Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	525000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	539000	USD
CY2017Q1	us-gaap	Liabilities Liabilities	284814000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	310321000	USD
CY2017Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	140386000	USD
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	140100000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	123827000	USD
CY2017Q1	us-gaap	Goodwill Goodwill	46781000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	46781000	USD
CY2017Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	11385000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	11566000	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	3376000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2666000	USD
CY2017Q1	us-gaap	Preferred Stock Value Outstanding PreferredStockValueOutstanding	0	USD
CY2016Q4	us-gaap	Preferred Stock Value Outstanding PreferredStockValueOutstanding	0	USD
CY2017Q1	us-gaap	Common Stock Value CommonStockValue	163000	USD
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	162000	USD
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	99942000	USD
CY2017Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	707000	USD
CY2016Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	211000	USD
CY2017Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	188000	USD
CY2016Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	96000	USD
CY2017Q1	us-gaap	Insurance Settlements Receivable InsuranceSettlementsReceivable	18524000	USD
CY2016Q4	us-gaap	Insurance Settlements Receivable InsuranceSettlementsReceivable	18477000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	123345000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	263894000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	263174000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	548708000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	357591000	USD
CY2017Q1	us-gaap	Assets Current AssetsCurrent	330708000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	8202000	USD
CY2017Q1	us-gaap	Other Assets Current OtherAssetsCurrent	7275000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	154891000	USD
CY2016Q4	us-gaap	Self Insurance Reserve Current SelfInsuranceReserveCurrent	42584000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	228314000	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	18565000	USD
CY2017Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	39580000	USD
CY2016Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	59070000	USD
CY2017Q1	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	1093000	USD
CY2017Q1	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	3556000	USD
CY2016Q1	us-gaap	Cost Of Services CostOfServices	226353000	USD
CY2017Q1	us-gaap	Cost Of Services CostOfServices	274389000	USD
CY2016Q1	us-gaap	Gross Profit GrossProfit	27281000	USD
CY2017Q1	us-gaap	Gross Profit GrossProfit	25740000	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	23859000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	25779000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	3307000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	480000	USD
CY2016Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	4000	USD
CY2017Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	1000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	183000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	514000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	108000	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	874000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	3236000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	841000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1249000	USD
CY2016Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	42382000	USD
CY2016Q4	us-gaap	Billings In Excess Of Cost Current BillingsInExcessOfCostCurrent	42321000	USD
CY2016Q4	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	1085000	USD
CY2016Q4	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	3833000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-9065000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-359000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	1987000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	1200000	USD
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.1
CY2017Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.07
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.1
CY2017Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.07
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19321000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16161000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19634000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16452000	shares
CY2016Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	253634000	USD
CY2017Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	300129000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1151000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-49000	USD
CY2017Q1	us-gaap	Depreciation Depreciation	9558000	USD
CY2016Q1	us-gaap	Depreciation Depreciation	9705000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	867000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	730000	USD
CY2017Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-143000	USD
CY2016Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-75000	USD
CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	93000	USD
CY2016Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	61000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-12417000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-14420000	USD
CY2017Q1	us-gaap	Increase Decrease In Insurance Settlements Receivable IncreaseDecreaseInInsuranceSettlementsReceivable	47000	USD
CY2016Q1	us-gaap	Increase Decrease In Insurance Settlements Receivable IncreaseDecreaseInInsuranceSettlementsReceivable	-2733000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	289000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-2046000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-10333000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	8004000	USD
CY2017Q1	us-gaap	Increase Decrease In Self Insurance Reserve IncreaseDecreaseInSelfInsuranceReserve	1834000	USD
CY2016Q1	us-gaap	Increase Decrease In Self Insurance Reserve IncreaseDecreaseInSelfInsuranceReserve	-3378000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-5679000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-5755000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	13060000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	14426000	USD
CY2017Q1	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	2847000	USD
CY2016Q1	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	20071000	USD
CY2017Q1	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	7134000	USD
CY2016Q1	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	4026000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-2737000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10002000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3769000	USD
CY2017Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	-19491000	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	0	USD
CY2017Q1	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	268000	USD
CY2016Q1	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	0	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	911000	USD
CY2017Q1	dei	Trading Symbol TradingSymbol	MYRG
CY2016Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	104000	USD
CY2017Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	0	USD
CY2016Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	135000	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2208000	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	25686000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-21056000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-25447000	USD
CY2017Q1	us-gaap	Effect Of Exchange Rate On Cash EffectOfExchangeRateOnCash	154000	USD
CY2016Q1	us-gaap	Effect Of Exchange Rate On Cash EffectOfExchangeRateOnCash	0	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-16907000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-13758000	USD
CY2017Q1	myrg	Acquisition Of Property Under Capital Lees Arrangements AcquisitionOfPropertyUnderCapitalLeesArrangements	0	USD
CY2016Q1	myrg	Acquisition Of Property Under Capital Lees Arrangements AcquisitionOfPropertyUnderCapitalLeesArrangements	745000	USD
CY2017Q1	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	0	USD
CY2016Q1	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	745000	USD
CY2017Q1	myrg	Share Repurchases That Have Not Settled ShareRepurchasesThatHaveNotSettled	0	USD
CY2016Q1	myrg	Share Repurchases That Have Not Settled ShareRepurchasesThatHaveNotSettled	2691000	USD
CY2017Q1	myrg	Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings	1643901000	USD
CY2016Q4	myrg	Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings	2194695000	USD
CY2017Q1	myrg	Billings To Date BillingsToDate	1620446000	USD
CY2016Q4	myrg	Billings To Date BillingsToDate	2167066000	USD
CY2017Q1	us-gaap	Capital Leases Balance Sheet Assets By Major Class Net CapitalLeasesBalanceSheetAssetsByMajorClassNet	4700000	USD
CY2017Q1	us-gaap	Capital Lease Obligations CapitalLeaseObligations	4600000	USD
CY2017Q1	myrg	Debt Instrument Covenant Leveraged Debt Ratio Restriction DebtInstrumentCovenantLeveragedDebtRatioRestriction	2.25	pure
CY2016Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	23700000	USD
CY2017Q1	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	900000	USD
CY2017Q1	us-gaap	Purchase Commitment Remaining Minimum Amount Committed PurchaseCommitmentRemainingMinimumAmountCommitted	3700000	USD
CY2017Q1	myrg	Loss Contingency Insurance Policy Deductible For Each Line Of Coverage Excluding Health LossContingencyInsurancePolicyDeductibleForEachLineOfCoverageExcludingHealth	1000000	USD
CY2017Q1	myrg	Outstanding Performance Bonds OutstandingPerformanceBonds	526800000	USD
CY2017Q1	myrg	Estimated Cost To Complete Bonded Projects EstimatedCostToCompleteBondedProjects	56700000	USD
CY2016Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	313000	shares
CY2017Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	291000	shares
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	MYR GROUP INC.
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000700923
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	16474367	shares
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	442000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	432000	USD
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	16333139	shares
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	4000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	4000000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2017Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	16473065	shares
CY2017Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	16473065	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	16333139	shares
CY2017Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	215968000	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	209466000	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	4872000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	4684000	USD
CY2017Q1	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>Use of Estimates</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> 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.</div> <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;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> 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, the recoverability of goodwill and intangibles and accounts receivable reserves. Actual results could differ from these estimates.</div> <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;CLEAR: both"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> 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, 2017, changes in estimates pertaining to certain projects resulted in increased consolidated gross margin of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 0.4</font>%. The Company’s income from operations for the three months ended March 31, 2017 increased $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.1</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">0.6</font> million in net income or $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.04</font> in diluted earnings per common share during the three months ended March 31, 2017. 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’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.</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	55995	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	16.27
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	1659000	USD
CY2016Q4	us-gaap	Capital Lease Obligations CapitalLeaseObligations	4900000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	2245000	USD
CY2017Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35	pure
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35	pure
CY2017Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	300000	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	300000	USD
CY2017Q1	myrg	Net Costs And Estimated Earnings In Excess Of Billings NetCostsAndEstimatedEarningsInExcessOfBillings	23455000	USD
CY2016Q4	myrg	Net Costs And Estimated Earnings In Excess Of Billings NetCostsAndEstimatedEarningsInExcessOfBillings	27629000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	2188000	USD
CY2017Q1	us-gaap	Capital Leases Future Minimum Payments Due CapitalLeasesFutureMinimumPaymentsDue	4954000	USD
CY2017Q1	us-gaap	Capital Leases Future Minimum Payments Interest Included In Payments CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments	305000	USD
CY2017Q1	us-gaap	Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments	4649000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	2646000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	1101000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	11381000	USD
CY2016Q4	us-gaap	Capital Leases Balance Sheet Assets By Major Class Net CapitalLeasesBalanceSheetAssetsByMajorClassNet	5000000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1	P3Y
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	39797000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	26039000	USD
CY2017Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	100000	shares
CY2016Q1	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	200000	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	1542000	USD
CY2017Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	23700000	USD
CY2017Q1	us-gaap	Capital Leases Future Minimum Payments Remainder Of Fiscal Year CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear	915000	USD
CY2017Q1	us-gaap	Capital Leases Future Minimum Payments Due In Two Years CapitalLeasesFutureMinimumPaymentsDueInTwoYears	1220000	USD
CY2017Q1	us-gaap	Capital Leases Future Minimum Payments Due In Three Years CapitalLeasesFutureMinimumPaymentsDueInThreeYears	1220000	USD
CY2017Q1	us-gaap	Capital Leases Future Minimum Payments Due In Four Years CapitalLeasesFutureMinimumPaymentsDueInFourYears	1219000	USD
CY2017Q1	us-gaap	Capital Leases Future Minimum Payments Due In Five Years CapitalLeasesFutureMinimumPaymentsDueInFiveYears	380000	USD
CY2017Q1	us-gaap	Capital Leases Future Minimum Payments Due Thereafter CapitalLeasesFutureMinimumPaymentsDueThereafter	0	USD
CY2017Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD

Files In Submission

Name	View Source	Status
0001144204-17-024199-index-headers.html	Edgar Link	pending
0001144204-17-024199-index.html	Edgar Link	pending
0001144204-17-024199.txt	Edgar Link	pending
0001144204-17-024199-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
myrg-20170331.xml	Edgar Link	completed
myrg-20170331.xsd	Edgar Link	pending
myrg-20170331_cal.xml	Edgar Link	unprocessable
myrg-20170331_def.xml	Edgar Link	unprocessable
myrg-20170331_lab.xml	Edgar Link	unprocessable
myrg-20170331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v464187_10q.htm	Edgar Link	pending
v464187_ex10-1.htm	Edgar Link	pending
v464187_ex31-1.htm	Edgar Link	pending
v464187_ex31-2.htm	Edgar Link	pending
v464187_ex32-1.htm	Edgar Link	pending
v464187_ex32-2.htm	Edgar Link	pending

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$MYRG
MYR GROUP INC. Stock $myrg

2017 Q1 Form 10-Q Financial Statement

#000114420417024199 Filed on May 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MYRG MYR GROUP INC. Stock $myrg

2017 Q1 Form 10-Q Financial Statement

#000114420417024199 Filed on May 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MYRG
MYR GROUP INC. Stock $myrg