2017 Q4 Form 10-K Financial Statement

#000114420418013353 Filed on March 07, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $373.5M $373.5M $356.2M
YoY Change 8.68% 31.86% 35.98%
Cost Of Revenue $336.6M $338.6M $328.7M
YoY Change 11.57% 35.9% 42.59%
Gross Profit $36.89M $34.85M $27.52M
YoY Change -12.04% 2.32% -12.46%
Gross Profit Margin 9.88% 9.33% 7.73%
Selling, General & Admin $24.00M $23.81M $25.02M
YoY Change -10.45% 2.63% 11.13%
% of Gross Profit 65.05% 68.33% 90.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.100M $10.00M $9.700M
YoY Change -6.19% 3.09% -1.02%
% of Gross Profit 24.67% 28.69% 35.25%
Operating Expenses $23.90M $23.81M $25.02M
YoY Change -11.81% 2.63% 11.13%
Operating Profit $12.99M $11.42M $3.602M
YoY Change -12.46% 2.52% -60.6%
Interest Expense -$800.0K $685.0K $594.0K
YoY Change 60.0% 67.89% 145.45%
% of Operating Profit -6.16% 6.0% 16.49%
Other Income/Expense, Net -$2.500M -$1.413M $751.0K
YoY Change -308.33% 238.85% -1544.23%
Pretax Income $10.70M $9.322M $3.762M
YoY Change -32.7% -9.62% -57.49%
Income Tax $4.900M $4.177M $2.532M
% Of Pretax Income 45.79% 44.81% 67.3%
Net Earnings $13.58M $5.145M $1.230M
YoY Change 74.13% -16.29% -77.64%
Net Earnings / Revenue 3.64% 1.38% 0.35%
Basic Earnings Per Share $0.83 $0.32 $0.08
Diluted Earnings Per Share $0.82 $0.31 $0.07
COMMON SHARES
Basic Shares Outstanding 16.46M shares 16.31M shares 16.31M shares
Diluted Shares Outstanding 16.47M shares 16.50M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.300M $1.700M $10.00M
YoY Change -77.73% 183.33% 194.12%
Cash & Equivalents $5.343M $1.682M $10.03M
Short-Term Investments
Other Short-Term Assets $8.513M $5.300M $8.286M
YoY Change 3.79% -1.54% 21.85%
Inventory $78.30M $107.8M $93.10M
Prepaid Expenses
Receivables $240.3M $274.2M $222.2M
Other Receivables $4.600M $4.500M $4.600M
Total Short-Term Assets $379.7M $393.4M $338.2M
YoY Change 10.74% 37.55% 33.15%
LONG-TERM ASSETS
Property, Plant & Equipment $148.1M $150.2M $155.6M
YoY Change -4.39% -1.83% -0.41%
Goodwill $46.99M
YoY Change 0.46%
Intangibles $10.85M
YoY Change -6.17%
Long-Term Investments $200.0K
YoY Change
Other Assets $3.659M $4.400M $3.500M
YoY Change 37.25% 54.39% 0.0%
Total Long-Term Assets $224.1M $227.2M $231.7M
YoY Change -2.84% 6.36% 6.43%
TOTAL ASSETS
Total Short-Term Assets $379.7M $393.4M $338.2M
Total Long-Term Assets $224.1M $227.2M $231.7M
Total Assets $603.8M $620.6M $569.9M
YoY Change 5.28% 24.22% 20.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.4M $119.2M $115.3M
YoY Change 10.45% 38.82% 48.81%
Accrued Expenses $13.10M $12.10M $12.40M
YoY Change 24.76% -67.56% -67.2%
Deferred Revenue $30.22M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.100M $1.100M
YoY Change -100.0% 0.0% 22.22%
Total Short-Term Liabilities $188.6M $213.7M $202.8M
YoY Change -3.9% 7.77% 8.39%
LONG-TERM LIABILITIES
Long-Term Debt $78.96M $82.50M $44.88M
YoY Change 33.67% 120.0% 89.36%
Other Long-Term Liabilities $919.0K $33.60M $505.0K
YoY Change 70.5% 4100.0% -43.89%
Total Long-Term Liabilities $79.88M $116.1M $45.38M
YoY Change 34.0% 203.13% 84.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $188.6M $213.7M $202.8M
Total Long-Term Liabilities $79.88M $116.1M $45.38M
Total Liabilities $316.7M $348.0M $302.7M
YoY Change 2.07% 38.7% 33.95%
SHAREHOLDERS EQUITY
Retained Earnings $143.2M $125.1M
YoY Change 16.13%
Common Stock $144.1M $142.3M
YoY Change 2.73% 88856.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $287.0M $272.6M $267.1M
YoY Change
Total Liabilities & Shareholders Equity $603.8M $620.6M $569.9M
YoY Change 5.28% 24.22% 20.81%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $13.58M $5.145M $1.230M
YoY Change 74.13% -16.29% -77.64%
Depreciation, Depletion And Amortization $9.100M $10.00M $9.700M
YoY Change -6.19% 3.09% -1.02%
Cash From Operating Activities $12.60M -$41.00M $6.100M
YoY Change -10.0% 583.33% -81.0%
INVESTING ACTIVITIES
Capital Expenditures -$5.900M -$4.300M -$10.60M
YoY Change -21.33% -24.56% 26.19%
Acquisitions
YoY Change
Other Investing Activities $1.500M $300.0K $1.600M
YoY Change -113.27% -57.14% 100.0%
Cash From Investing Activities -$4.400M -$4.000M -$9.000M
YoY Change -76.47% -20.0% 16.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.500M 37.20M 5.300M
YoY Change -115.57% 353.66% -111.23%
NET CHANGE
Cash From Operating Activities 12.60M -41.00M 6.100M
Cash From Investing Activities -4.400M -4.000M -9.000M
Cash From Financing Activities -4.500M 37.20M 5.300M
Net Change In Cash 3.700M -7.800M 2.400M
YoY Change -84.71% 178.57% -110.53%
FREE CASH FLOW
Cash From Operating Activities $12.60M -$41.00M $6.100M
Capital Expenditures -$5.900M -$4.300M -$10.60M
Free Cash Flow $18.50M -$36.70M $16.70M
YoY Change -13.95% 12133.33% -58.77%

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0 USD
CY2016 myrg Share Repurchases That Have Not Settled
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CY2015 myrg Acquisition Of Property Under Capital Lees Arrangements
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0 USD
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CapitalExpendituresIncurredButNotYetPaid
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CY2016Q4 us-gaap Contract Receivable Retainage Due One Year Or Less
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CY2015 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2016 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2015 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2016 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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CY2017Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
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CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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4684000 USD
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CY2017 myrg Debt Instrument Covenant Leveraged Debt Ratio Restriction
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CY2017Q4 us-gaap Line Of Credit
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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DeferredForeignIncomeTaxExpenseBenefit
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DeferredForeignIncomeTaxExpenseBenefit
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DeferredStateAndLocalIncomeTaxExpenseBenefit
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1571000 USD
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2554000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
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CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
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CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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26664000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
2186000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
3592000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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DeferredTaxLiabilities
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CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
100000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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441000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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0 USD
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31000 USD
CY2017Q4 myrg Unrecognized Tax Benefit Including Tax Interest Accrued
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CY2015Q4 us-gaap Loss Contingency Accrual At Carrying Value
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CY2014Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
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CY2017 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
22938000 USD
CY2016 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
25139000 USD
CY2015 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
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CY2017 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
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LossContingencyAccrualPayments
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CY2015 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
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CY2017Q4 us-gaap Loss Contingency Accrual At Carrying Value
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CY2017Q4 myrg Outstanding Performance Bonds
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CY2017Q4 myrg Estimated Cost To Complete Bonded Projects
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CY2016 us-gaap Allocated Share Based Compensation Expense
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CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4800000 USD
CY2017 us-gaap Multiemployer Plan Contributions By Employer
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CY2016 us-gaap Multiemployer Plan Contributions By Employer
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53796000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
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44900000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
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CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2015 us-gaap Multiemployer Plan Contributions By Employer
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52686000 USD
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
352000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
223000 shares
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
92987 shares
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44600000 USD
CY2017 us-gaap Treasury Stock Acquired Average Cost Per Share
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32.90
CY2017 dei Document Type
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10-K
CY2017 dei Amendment Flag
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false
CY2017 dei Document Period End Date
DocumentPeriodEndDate
2017-12-31
CY2017 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2017 dei Entity Registrant Name
EntityRegistrantName
MYR GROUP INC.
CY2017 dei Entity Central Index Key
EntityCentralIndexKey
0000700923
CY2017 dei Current Fiscal Year End Date
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--12-31
CY2017 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2017 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2017 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2017 dei Entity Filer Category
EntityFilerCategory
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431400000 USD
CY2017 dei Trading Symbol
TradingSymbol
MYRG
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CY2017Q4 us-gaap Insurance Settlements Receivable Current
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322553000 USD
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4837000 USD
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0 USD
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329880000 USD
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6219000 USD
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2044000 USD
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4674000 USD
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100587000 USD
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373502000 USD
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2016Q4 us-gaap Earnings Per Share Diluted
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CY2016Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
7639000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
15439000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
2173000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
595000 USD
CY2017 myrg Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options And Exercisable Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsAndExercisableWeightedAverageRemainingContractualTerm2
P4Y2M12D
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
11338000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
14636000 USD
CY2017Q3 us-gaap Stock Repurchase Program Authorized Amount1
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20000000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38029000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
39122000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38576000 USD
CY2017Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
283613000 USD
CY2016Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
235074000 USD
CY2016Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
27629000 USD
CY2017Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
49341000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
379475000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
364357000 USD
CY2017Q4 myrg Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding And Exercisable Options
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165920 shares
CY2017Q4 myrg Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding And Exercisiable Options Weighted Average Exercise Price
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingAndExercisiableOptionsWeightedAverageExercisePrice
21.92
CY2016Q4 myrg Accrued Payroll And Incentive Compensation Current
AccruedPayrollAndIncentiveCompensationCurrent
16101000 USD
CY2016Q4 myrg Accrued Union Dues And Benefits
AccruedUnionDuesAndBenefits
10261000 USD
CY2016Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
2004000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6377000 USD
CY2016Q4 us-gaap Line Of Credit
LineOfCredit
59100000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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24640000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
38345000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
44299000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8577000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
12709000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2173000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
595000 USD
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DeferredTaxLiabilitiesUndistributedForeignEarnings
0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
91000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1639000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2259000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
22000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
12000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
243000 USD
CY2017Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
100000 USD
CY2017Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
13138000 USD
CY2016Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
10492000 USD
CY2017Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
32225000 USD
CY2016Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
32092000 USD
CY2017Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
3700000 USD
CY2017Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
3700000 USD
CY2016Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
5000000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Remainder Of Fiscal Year
CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear
1185000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
1185000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
1185000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
360000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
3915000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
200000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
3715000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
3599000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2885000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2187000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1582000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1014000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
564000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
11831000 USD
CY2016Q4 myrg Unrecognized Tax Benefit Including Tax Interest Accrued
UnrecognizedTaxBenefitIncludingTaxInterestAccrued
301000 USD
CY2016Q4 us-gaap Insurance Settlements Receivable Noncurrent
InsuranceSettlementsReceivableNoncurrent
14692000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
432000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
209466000 USD
CY2017 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2018-08-15
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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0 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
168000 USD
CY2017 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;PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 20px; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" align="left"></div> <h3 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold italic 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Use of Estimates</h3> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 20px; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" align="left">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.&#160;&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 20px; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" align="left">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;PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 20px; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" align="left">In 2017, the Company recognized revenues of $13.7 million related to significant change orders and/or claims that had been included as contract price adjustments on certain contracts which were in the process of being negotiated in the normal course of business.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 20px; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" align="left">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 year ended December 31, 2017, changes in estimates pertaining to certain projects decreased consolidated gross margin by 0.7%, which resulted in decreases in operating income of $10.4 million, net income of $6.2 million and diluted earnings per common share of $0.38. During the year ended December 31, 2016, changes in estimates pertaining to certain projects decreased consolidated gross margin by 0.2%, which resulted in decreases in operating income of $2.6 million, net income of $1.4 million and diluted earnings per common share of $0.08. During the year ended December 31, 2015, changes in estimates pertaining to certain projects increased consolidated gross margin by 0.5%, which resulted in increases in operating income of $5.9 million, net income of $3.6 million and diluted earnings per common share of $0.17.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q4 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
7800000 USD
CY2017Q4 myrg Increase In Basic Earnings Per Share From Change In Enacted Tax Rate
IncreaseInBasicEarningsPerShareFromChangeInEnactedTaxRate
0.48
CY2017Q4 myrg Increase In Diluted Earnings Per Share From Change In Enacted Tax Rate
IncreaseInDilutedEarningsPerShareFromChangeInEnactedTaxRate
0.47
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
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CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
7800000 USD
CY2017 myrg Increase In Basic Earnings Per Share From Change In Enacted Tax Rate
IncreaseInBasicEarningsPerShareFromChangeInEnactedTaxRate
0.48
CY2017 myrg Increase In Diluted Earnings Per Share From Change In Enacted Tax Rate
IncreaseInDilutedEarningsPerShareFromChangeInEnactedTaxRate
0.47
CY2017 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
2300000 USD
CY2016 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1400000 USD
CY2017 myrg Allowance For Doubtful Accounts Receivable Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslationAdjustments
-2000 USD
CY2016 myrg Allowance For Doubtful Accounts Receivable Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslationAdjustments
0 USD
CY2015 myrg Allowance For Doubtful Accounts Receivable Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslationAdjustments
0 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
443000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
137000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
137000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
137000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
137000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
787000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1778000 USD
CY2017Q4 myrg Accrued Payroll And Incentive Compensation Current
AccruedPayrollAndIncentiveCompensationCurrent
9146000 USD
CY2017Q4 myrg Accrued Union Dues And Benefits
AccruedUnionDuesAndBenefits
12494000 USD
CY2017Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
443000 USD
CY2017Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
6807000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6148000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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-0.316 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.053 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.052 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.046 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.016 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.019 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.024 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.032 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.006 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.003 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
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0.017 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
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0.010 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
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0.006 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.031 pure
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0 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
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0.020 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
0 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
-0.004 pure
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.141 pure
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.441 pure
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.384 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.064 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.016 pure
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0 pure
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-0.024 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.016 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0 pure
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
773000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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0 USD
CY2017Q4 us-gaap Insurance Settlements Receivable Noncurrent
InsuranceSettlementsReceivableNoncurrent
14295000 USD
CY2017 myrg Effective Income Tax Rate Reconciliation Provision To Return Adjustments Net
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-0.003 pure
CY2016 myrg Effective Income Tax Rate Reconciliation Provision To Return Adjustments Net
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0.008 pure
CY2015 myrg Effective Income Tax Rate Reconciliation Provision To Return Adjustments Net
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0.005 pure
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CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.002 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.002 pure
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.30

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