$STRL
STERLING INFRASTRUCTURE, INC. Stock $strl

$strl Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000087423817000011 Filed on October 31, 2017

Income Statement

Concept	2017 Q4	2017 Q3	2016 Q3
Revenue	$253.9M	$304.2M	$205.6M
YoY Change	50.83%	47.95%	16.83%
Cost Of Revenue	$229.9M	$273.6M	$189.0M
YoY Change	42.44%	44.75%	17.0%
Gross Profit	$23.97M	$30.63M	$16.62M
YoY Change	277.76%	84.28%	14.97%
Gross Profit Margin	9.44%	10.07%	8.08%
Selling, General & Admin	$11.80M	$13.10M	$9.600M
YoY Change	25.53%	36.46%	-13.51%
% of Gross Profit	49.23%	42.77%	57.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.900M	$4.700M	$4.000M
YoY Change	0.0%	17.5%	-2.44%
% of Gross Profit	16.27%	15.34%	24.06%
Operating Expenses	$17.00M	$18.00M	$13.40M
YoY Change	38.21%	34.33%	10.74%
Operating Profit	$6.969M	$12.64M	$3.672M
YoY Change	-217.03%	244.2%	54.22%
Interest Expense	-$3.000M	-$3.500M	-$500.0K
YoY Change	650.0%	600.0%	-54.55%
% of Operating Profit	-43.05%	-27.69%	-13.62%
Other Income/Expense, Net
YoY Change
Pretax Income	$3.963M	$9.170M	$3.196M
YoY Change	-168.87%	186.92%	141.03%
Income Tax	-$19.90M	$344.0K	$41.00K
% Of Pretax Income	-502.14%	3.75%	1.28%
Net Earnings	$3.100M	$8.826M	$2.415M
YoY Change	-149.21%	265.47%	843.36%
Net Earnings / Revenue	1.22%	2.9%	1.17%
Basic Earnings Per Share	$0.11	$0.27	$0.10
Diluted Earnings Per Share	$0.11	$0.26	$0.10
COMMON SHARES
Basic Shares Outstanding	27.05M shares	26.49M shares	25.00M shares
Diluted Shares Outstanding		26.92M shares	25.37M shares

Balance Sheet

Concept	2017 Q4	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$84.00M	$66.50M	$43.00M
YoY Change	96.26%	54.65%	273.91%
Cash & Equivalents	$83.95M	$66.54M	$43.02M
Short-Term Investments
Other Short-Term Assets	$7.529M	$9.654M	$6.170M
YoY Change	38.2%	56.47%	-31.78%
Inventory	$4.621M	$2.093M	$4.000M
Prepaid Expenses
Receivables	$133.9M	$149.1M	$105.4M
Other Receivables	$11.40M	$9.000M	$9.500M
Total Short-Term Assets	$278.5M	$279.8M	$200.1M
YoY Change	58.34%	39.85%	27.3%
LONG-TERM ASSETS
Property, Plant & Equipment	$54.41M	$59.46M	$70.36M
YoY Change	-20.14%	-15.49%	-5.62%
Goodwill	$85.20M	$85.28M	$54.82M
YoY Change	55.42%	55.56%	0.0%
Intangibles	$44.82M	$45.20M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$317.0K	$3.301M	$2.968M
YoY Change	-89.32%	11.22%	-28.48%
Total Long-Term Assets	$184.8M	$193.2M	$128.2M
YoY Change	46.74%	50.79%	-4.02%
TOTAL ASSETS
Total Short-Term Assets	$278.5M	$279.8M	$200.1M
Total Long-Term Assets	$184.8M	$193.2M	$128.2M
Total Assets	$463.3M	$473.0M	$328.2M
YoY Change	53.5%	44.12%	12.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$97.46M	$100.6M	$76.86M
YoY Change	45.25%	30.84%	29.17%
Accrued Expenses	$9.348M	$15.19M	$5.545M
YoY Change	52.0%	173.9%	6.19%
Deferred Revenue	$62.37M
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$3.978M	$986.0K	$4.653M
YoY Change	3.46%	-78.81%	-10.02%
Total Short-Term Liabilities	$182.3M	$195.0M	$159.4M
YoY Change	24.35%	22.28%	37.92%
LONG-TERM LIABILITIES
Long-Term Debt	$86.16M	$88.62M	$6.952M
YoY Change	5462.3%	1174.73%	-77.21%
Other Long-Term Liabilities	$1.271M	$46.90M	$47.40M
YoY Change	-97.21%	-1.05%	114.48%
Total Long-Term Liabilities	$134.8M	$135.5M	$54.33M
YoY Change	185.99%	149.49%	3.26%
TOTAL LIABILITIES
Total Short-Term Liabilities	$182.3M	$195.0M	$159.4M
Total Long-Term Liabilities	$134.8M	$135.5M	$54.33M
Total Liabilities	$317.1M	$330.5M	$213.8M
YoY Change	63.68%	54.61%	27.08%
SHAREHOLDERS EQUITY
Retained Earnings	-$90.12M	-$93.20M	-$95.39M
YoY Change	-11.42%	-2.29%	4.39%
Common Stock	$271.0K	$270.0K	$250.0K
YoY Change	8.4%	8.0%	27.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$0.00
YoY Change
Treasury Stock Shares	0.000 shares
Shareholders Equity	$141.3M	$138.9M	$113.3M
YoY Change
Total Liabilities & Shareholders Equity	$463.3M	$473.0M	$328.2M
YoY Change	53.5%	44.12%	12.92%

Cashflow Statement

Concept	2017 Q4	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$3.100M	$8.826M	$2.415M
YoY Change	-149.21%	265.47%	843.36%
Depreciation, Depletion And Amortization	$3.900M	$4.700M	$4.000M
YoY Change	0.0%	17.5%	-2.44%
Cash From Operating Activities	$31.80M	$5.300M	$9.000M
YoY Change	261.36%	-41.11%	26.76%
INVESTING ACTIVITIES
Capital Expenditures	-$1.100M	-$2.400M	-$2.800M
YoY Change	-45.0%	-14.29%	-26.32%
Acquisitions
YoY Change
Other Investing Activities	$2.500M	$4.100M	$800.0K
YoY Change	400.0%	412.5%	33.33%
Cash From Investing Activities	$1.400M	$1.700M	-$2.000M
YoY Change	-193.33%	-185.0%	-39.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-15.70M	-600.0K	-6.600M
YoY Change	106.58%	-90.91%	-2.94%
NET CHANGE
Cash From Operating Activities	31.80M	5.300M	9.000M
Cash From Investing Activities	1.400M	1.700M	-2.000M
Cash From Financing Activities	-15.70M	-600.0K	-6.600M
Net Change In Cash	17.50M	6.400M	400.0K
YoY Change	-5933.33%	1500.0%	-113.33%
FREE CASH FLOW
Cash From Operating Activities	$31.80M	$5.300M	$9.000M
Capital Expenditures	-$1.100M	-$2.400M	-$2.800M
Free Cash Flow	$32.90M	$7.700M	$11.80M
YoY Change	204.63%	-34.75%	8.26%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	strl	Payments Of Proceeds From Debt Issuance Costs PaymentsOfProceedsFromDebtIssuanceCosts	0	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000874238
CY2017Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	27051143	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	STERLING CONSTRUCTION CO INC
	dei	Trading Symbol TradingSymbol	strl
CY2016Q3	strl	Income Before Income Taxes And Earnings Attributable To Noncontrolling Interests IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests	3196000	USD
	strl	Income Before Income Taxes And Earnings Attributable To Noncontrolling Interests IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests	-1570000	USD
CY2017Q3	strl	Income Before Income Taxes And Earnings Attributable To Noncontrolling Interests IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests	9170000	USD
	strl	Income Before Income Taxes And Earnings Attributable To Noncontrolling Interests IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests	11972000	USD
	strl	Increase Decrease In Members Interest Subject To Mandatory Redemption And Undistributed Earnings IncreaseDecreaseInMembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings	-3972000	USD
	strl	Increase Decrease In Members Interest Subject To Mandatory Redemption And Undistributed Earnings IncreaseDecreaseInMembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings	1099000	USD
	strl	Increase Decrease In Receivables From And Equity In Construction Joint Ventures IncreaseDecreaseInReceivablesFromAndEquityInConstructionJointVentures	-3461000	USD
	strl	Increase Decrease In Receivables From And Equity In Construction Joint Ventures IncreaseDecreaseInReceivablesFromAndEquityInConstructionJointVentures	1939000	USD
CY2016Q3	strl	Interest Expense And Accreted Interest InterestExpenseAndAccretedInterest	491000	USD
	strl	Interest Expense And Accreted Interest InterestExpenseAndAccretedInterest	2176000	USD
CY2017Q3	strl	Interest Expense And Accreted Interest InterestExpenseAndAccretedInterest	3576000	USD
	strl	Interest Expense And Accreted Interest InterestExpenseAndAccretedInterest	6672000	USD
CY2016Q4	strl	Longterm Debt Current Maturities Gross LongtermDebtCurrentMaturitiesGross	4648000	USD
CY2017Q3	strl	Longterm Debt Current Maturities Gross LongtermDebtCurrentMaturitiesGross	986000	USD
CY2016Q4	strl	Members Interest Subject To Mandatory Redemption MembersInterestSubjectToMandatoryRedemption	40000000	USD
CY2017Q3	strl	Members Interest Subject To Mandatory Redemption MembersInterestSubjectToMandatoryRedemption	40000000	USD
CY2017Q3	strl	Members Interest Subject To Mandatory Redemption MembersInterestSubjectToMandatoryRedemption	40000000	USD
CY2016Q4	strl	Members Interest Subject To Mandatory Redemption And Undistributed Earnings MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings	45230000	USD
CY2017Q3	strl	Members Interest Subject To Mandatory Redemption And Undistributed Earnings MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings	46329000	USD
	strl	Noncash Or Part Noncash Acquisition Notes Payable And Deferred Payments Incurred NoncashOrPartNoncashAcquisitionNotesPayableAndDeferredPaymentsIncurred	0	USD
	strl	Noncash Or Part Noncash Acquisition Notes Payable And Deferred Payments Incurred NoncashOrPartNoncashAcquisitionNotesPayableAndDeferredPaymentsIncurred	11588000	USD
	strl	Ownership Interest In Joint Venture OwnershipInterestInJointVenture	0.50
	strl	Payments Of Proceeds From Debt Issuance Costs PaymentsOfProceedsFromDebtIssuanceCosts	-6889000	USD
CY2016Q4	strl	Receivables From And Equity In Construction Joint Venture ReceivablesFromAndEquityInConstructionJointVenture	7130000	USD
CY2017Q3	strl	Receivables From And Equity In Construction Joint Venture ReceivablesFromAndEquityInConstructionJointVenture	9069000	USD
CY2016Q4	strl	Undistributed Earnings Of Domestic Subsidiaries Net UndistributedEarningsOfDomesticSubsidiariesNet	5230000	USD
CY2017Q3	strl	Undistributed Earnings Of Domestic Subsidiaries Net UndistributedEarningsOfDomesticSubsidiariesNet	6329000	USD
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	67097000	USD
CY2017Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	100565000	USD
CY2016Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	78000	USD
CY2017Q3	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	280000	USD
CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	6150000	USD
CY2017Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	15188000	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	93146000	USD
CY2017Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	97955000	USD
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	208922000	USD
CY2017Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	231848000	USD
	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	-149000	USD
	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	3500000	USD
CY2016Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	400000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1200000	USD
CY2017Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	600000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2500000	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	300000	shares
CY2017Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1000000	shares
CY2016Q4	us-gaap	Assets Assets	301823000	USD
CY2017Q3	us-gaap	Assets Assets	473035000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	175908000	USD
CY2017Q3	us-gaap	Assets Current AssetsCurrent	279793000	USD
CY2016Q4	us-gaap	Billings In Excess Of Cost Current BillingsInExcessOfCostCurrent	64100000	USD
CY2017Q3	us-gaap	Billings In Excess Of Cost Current BillingsInExcessOfCostCurrent	63368000	USD
CY2017Q2	us-gaap	Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued	1882058	shares
	us-gaap	Business Combination Consideration Transferred Equity Interests Issued And Issuable BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable	0	USD
	us-gaap	Business Combination Consideration Transferred Equity Interests Issued And Issuable BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable	17061000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4426000	USD
CY2016Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	43021000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	42785000	USD
CY2017Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	66541000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	38595000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	23756000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	28000000	shares
CY2017Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	38000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	24987306	shares
CY2017Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	27023143	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	250000	USD
CY2017Q3	us-gaap	Common Stock Value CommonStockValue	270000	USD
CY2016Q3	us-gaap	Cost Of Goods Sold CostOfGoodsSold	189007000	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	486065000	USD
CY2017Q3	us-gaap	Cost Of Goods Sold CostOfGoodsSold	273588000	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	638924000	USD
CY2016Q4	us-gaap	Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear	32705000	USD
CY2017Q3	us-gaap	Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear	43384000	USD
CY2016Q4	us-gaap	Deferred Finance Costs Current Net DeferredFinanceCostsCurrentNet	803000	USD
CY2017Q3	us-gaap	Deferred Finance Costs Current Net DeferredFinanceCostsCurrentNet	0	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	12097000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	13140000	USD
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.10
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
CY2017Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.27
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.33
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.10
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.12
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.26
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.33
CY2016Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	5322000	USD
CY2017Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	14566000	USD
CY2016Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	2300000	USD
CY2017Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	1100000	USD
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y7M6D
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	255000	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-204000	USD
CY2016Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2017Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-755000	USD
CY2016Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9146000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	27888000	USD
CY2017Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	13129000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	36545000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	54820000	USD
CY2017Q3	us-gaap	Goodwill Goodwill	85277000	USD
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	30457000	USD
CY2017Q3	us-gaap	Goodwill Period Increase Decrease GoodwillPeriodIncreaseDecrease	-5700000	USD
CY2017Q3	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	900000	USD
CY2017Q3	us-gaap	Goodwill Transfers GoodwillTransfers	-6600000	USD
CY2016Q3	us-gaap	Gross Profit GrossProfit	16622000	USD
	us-gaap	Gross Profit GrossProfit	35713000	USD
CY2017Q3	us-gaap	Gross Profit GrossProfit	30631000	USD
	us-gaap	Gross Profit GrossProfit	65123000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	41000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	68000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	344000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	469000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1246000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	4487000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	5000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	145000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	17902000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	16687000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	6662000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	5289000	USD
	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	31340000	USD
	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	-1035000	USD
	us-gaap	Increase Decrease In Contract Receivables Net IncreaseDecreaseInContractReceivablesNet	23303000	USD
	us-gaap	Increase Decrease In Contract Receivables Net IncreaseDecreaseInContractReceivablesNet	45044000	USD
CY2017Q3	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	0	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	0	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1465000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-2833000	USD
	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	5084000	USD
	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	7735000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	0	USD
CY2017Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	45200000	USD
CY2016Q3	us-gaap	Interest Income Other InterestIncomeOther	15000	USD
	us-gaap	Interest Income Other InterestIncomeOther	19000	USD
CY2017Q3	us-gaap	Interest Income Other InterestIncomeOther	107000	USD
	us-gaap	Interest Income Other InterestIncomeOther	192000	USD
	us-gaap	Interest Paid InterestPaid	2426000	USD
	us-gaap	Interest Paid InterestPaid	6139000	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	3708000	USD
CY2017Q3	us-gaap	Inventory Net InventoryNet	2093000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	301823000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	473035000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	146592000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	194953000	USD
CY2016Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	47141000	USD
CY2017Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	135543000	USD
CY2016Q4	us-gaap	Liabilities Other Than Longterm Debt Noncurrent LiabilitiesOtherThanLongtermDebtNoncurrent	362000	USD
CY2017Q3	us-gaap	Liabilities Other Than Longterm Debt Noncurrent LiabilitiesOtherThanLongtermDebtNoncurrent	595000	USD
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	5394000	USD
CY2017Q3	us-gaap	Long Term Debt LongTermDebt	89605000	USD
CY2016Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	3845000	USD
CY2017Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	986000	USD
CY2016Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1549000	USD
CY2017Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	88619000	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	-91000	USD
CY2016Q3	us-gaap	Minority Interest MinorityInterest	1161000	USD
CY2016Q4	us-gaap	Minority Interest MinorityInterest	656000	USD
CY2017Q3	us-gaap	Minority Interest MinorityInterest	3622000	USD
	us-gaap	Proceeds From Secured Lines Of Credit ProceedsFromSecuredLinesOfCredit	0	USD
	us-gaap	Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Warrants Issued1 NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationWarrantsIssued1	1000000	shares
CY2016Q3	us-gaap	Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable	740000	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	0	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	0	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	9550000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	88043000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-6665000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-57336000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	35710000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6951000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1252000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2966000	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2415000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2890000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	7132000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	8537000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	735000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	70000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1 NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1	0	shares
	us-gaap	Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1 NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1	1882058	shares
	us-gaap	Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Warrants Issued1 NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationWarrantsIssued1	0	shares
	us-gaap	Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable	1252000	USD
CY2017Q3	us-gaap	Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable	1694000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable	2966000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
	us-gaap	Number Of Reporting Units NumberOfReportingUnits	2	reporting_unit
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	3672000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	587000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	12639000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	19207000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	5448000	USD
CY2017Q3	us-gaap	Other Assets Current OtherAssetsCurrent	9654000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2968000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	3301000	USD
CY2016Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-3804000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-7238000	USD
CY2017Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-4863000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-9371000	USD
	us-gaap	Other Significant Noncash Transaction Value Of Consideration Given1 OtherSignificantNoncashTransactionValueOfConsiderationGiven1	0	USD
	us-gaap	Other Significant Noncash Transaction Value Of Consideration Given1 OtherSignificantNoncashTransactionValueOfConsiderationGiven1	3500000	USD
	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	800000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	54861000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	8852000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	8305000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	0	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	0	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	19142000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	85000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-46000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-152000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	2187000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	5830000	USD
	us-gaap	Proceeds From Secured Lines Of Credit ProceedsFromSecuredLinesOfCredit	19000000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	59464000	USD
CY2016Q4	us-gaap	Receivables Long Term Contracts Or Programs ReceivablesLongTermContractsOrPrograms	84132000	USD
CY2017Q3	us-gaap	Receivables Long Term Contracts Or Programs ReceivablesLongTermContractsOrPrograms	149052000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	9546000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	4449000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	19000000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	0	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-101738000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	3155000	USD
	us-gaap	Profit Loss ProfitLoss	-1638000	USD
CY2017Q3	us-gaap	Profit Loss ProfitLoss	8826000	USD
	us-gaap	Profit Loss ProfitLoss	11503000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	161273000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	157419000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	68127000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-93201000	USD
CY2016Q3	us-gaap	Revenues Revenues	205629000	USD
	us-gaap	Revenues Revenues	521778000	USD
CY2017Q3	us-gaap	Revenues Revenues	304219000	USD
	us-gaap	Revenues Revenues	704047000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1211000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2534000	USD
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	500000	shares
	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	17061000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	2534000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	107434000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	138917000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	108090000	USD
CY2017Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	142539000	USD
CY2016Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	362000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	434000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	473000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	25365000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23915000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26920000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26260000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	25003000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23915000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26486000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	25787000	shares
	us-gaap	Revenue Recognition Percentage Of Completion Method RevenueRecognitionPercentageOfCompletionMethod	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Heavy Civil Construction</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company engages in various types of heavy civil construction projects principally for public (government) owners. Credit risk is minimal with public owners since the Company ascertains that funds have been appropriated by the governmental project owner prior to commencing work on such projects. While most public contracts are subject to termination at the election of the government entity, in the event of termination the Company is entitled to receive the contract price for completed work and reimbursement of termination-related costs. Credit risk with private owners is minimized because of statutory mechanic’s liens, which give the Company high priority in the event of lien foreclosures following financial difficulties of private owners.</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our contracts generally take </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">36</font><font style="font-family:inherit;font-size:10pt;"> months to complete. The Company generally provides a </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">-year warranty for workmanship under its contracts when completed. Warranty claims historically have been insignificant.</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenues are recognized on the percentage-of-completion method, measured by the ratio of costs incurred up to a given date to estimated total costs for each contract. This cost to cost measure is used because management considers it to be the best available measure of progress on these contracts. Contract costs include all direct material, labor, subcontract and other costs and those indirect costs related to contract performance, such as indirect salaries and wages, equipment repairs and depreciation, insurance and payroll taxes. Administrative and general expenses are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions and estimated profitability, including those changes arising from contract penalty provisions and final contract settlements may result in revisions to costs and income and are recognized in the period in which the revisions are determined.</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in estimated revenues and gross margin resulted in a net gain of </font><font style="font-family:inherit;font-size:10pt;">$1.3 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;"> during the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, respectively, included in “operating income” on the condensed consolidated statements of operations. Changes in estimated revenues and gross margin resulted in a net charge of </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.1 million</font><font style="font-family:inherit;font-size:10pt;"> during the </font><font style="font-family:inherit;font-size:10pt;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, respectively, included in “operating income” on the condensed consolidated statements of operations.</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Change orders are modifications of an original contract that effectively change the existing provisions of the contract without adding new provisions or terms. Change orders may include changes in specifications or designs, manner of performance, facilities, equipment, materials, sites and period of completion of the work. Either we or our customers may initiate change orders.</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company considers unapproved change orders to be contract variations for which we have customer approval for a change of scope but a price change associated with the scope change has not yet been agreed upon. Costs associated with unapproved change orders are included in the estimated costs to complete the contracts and are treated as project costs as incurred. The Company recognizes revenue equal to costs incurred on unapproved change orders when realization of price approval is probable. Unapproved change orders involve the use of estimates, and it is reasonably possible that revisions to the estimated costs and recoverable amounts may be required in future reporting periods to reflect changes in estimates or final agreements with customers. Change orders that are unapproved as to both price and scope are evaluated as claims.</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company considers claims to be amounts in excess of agreed contract prices that we seek to collect from our customers or others for customer-caused delays, errors in specifications and designs, contract terminations, change orders that are either in dispute or are unapproved as to both scope and price, or other causes of unanticipated additional contract costs. Claims are included in the calculation of revenue when realization is probable and amounts can be reliably determined to the extent costs are incurred. To support these requirements, the existence of the following items must be satisfied: (i) The contract or other evidence provides a legal basis for the claim; or a legal opinion has been obtained, stating that under the circumstances there is a reasonable basis to support the claim; (ii) Additional costs are caused by circumstances that were unforeseen at the contract date and are not the result of deficiencies in the contractor’s performance; (iii) Costs associated with the claim are identifiable or otherwise determinable and are reasonable in view of the work performed; and (iv) The evidence supporting the claim is objective and verifiable, not based on management’s feel for the situation or on unsupported representations. Revenue in excess of contract costs incurred on claims is recognized when an agreement is reached with customers as to the value of the claims, which in some instances may not occur until after completion of work under the contract. Costs associated with claims are included in the estimated costs to complete the contracts and are treated as project costs when incurred. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has projects where we are in the process of negotiating, or awaiting final approval of, unapproved change orders and claims with our customers. The Company is proceeding with its contractual rights to recoup additional costs incurred from its customers based on completing work associated with change orders, including change orders with pending change order pricing, or claims related to significant changes in scope which resulted in substantial delays and additional costs in completing the work. Unapproved change order and claim information has been provided to our customers and negotiations with the customers are ongoing. If additional progress with an acceptable resolution is not reached, legal action will be taken.  </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based upon our review of the provisions of our contracts, specific costs incurred and other related evidence supporting the unapproved change orders, claims and our entitled unpaid project price, together in some cases as necessary with the views of the Company’s outside claim consultants, we concluded that including the unapproved change order, claim and entitled unpaid project price amounts of </font><font style="font-family:inherit;font-size:10pt;">$0.3 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$10.5 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$3.9 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, at </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">$2.2 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$9.2 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$3.9 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, at </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, in “Costs and estimated earnings in excess of billings on uncompleted contracts” on our condensed consolidated balance sheets was in accordance with GAAP. We expect these matters will be resolved without a material adverse effect on our financial statements. However, unapproved change order and claim amounts are subject to negotiations which may cause actual results to differ materially from estimated and recorded amounts.</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Residential Construction</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Residential construction revenue and related profit are recognized when construction on the concrete foundation unit is completed. The time from starting construction to finishing is typically one month or less.</font></div></div>
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassification</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:2px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reclassifications have been made to historical financial data on our condensed consolidated financial statements to conform to our current year presentation.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:2px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Certain of the Company’s accounting policies require higher degrees of judgment than others in their application. These include the recognition of revenue and earnings from construction contracts under the percentage-of-completion method, the valuation of long-term assets, purchase accounting, including intangibles and goodwill, and income taxes. Management continually evaluates all of its estimates and judgments based on available information and experience; however, actual results could differ from these estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0000874238-17-000011-index-headers.html	Edgar Link	pending
0000874238-17-000011-index.html	Edgar Link	pending
0000874238-17-000011.txt	Edgar Link	pending
0000874238-17-000011-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
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
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.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
strl-20170930.xml	Edgar Link	completed
strl-20170930.xsd	Edgar Link	pending
strl-20170930_cal.xml	Edgar Link	unprocessable
strl-20170930_def.xml	Edgar Link	unprocessable
strl-20170930_lab.xml	Edgar Link	unprocessable
strl-20170930_pre.xml	Edgar Link	unprocessable
strl93017exhibit101.htm	Edgar Link	pending
strl93017exhibit101001.jpg	Edgar Link	pending
strl93017exhibit101002.jpg	Edgar Link	pending
strl93017exhibit101003.jpg	Edgar Link	pending
strl93017exhibit101004.jpg	Edgar Link	pending
strl93017exhibit101005.jpg	Edgar Link	pending
strl93017exhibit101006.jpg	Edgar Link	pending
strl93017exhibit101007.jpg	Edgar Link	pending
strl93017exhibit101008.jpg	Edgar Link	pending
strl93017exhibit101009.jpg	Edgar Link	pending
strl_93017x10qdocument.htm	Edgar Link	pending
strl_93017xexhibit311.htm	Edgar Link	pending
strl_93017xexhibit312.htm	Edgar Link	pending
strl_93017xexhibit32.htm	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$STRL
STERLING INFRASTRUCTURE, INC. Stock $strl

2017 Q4 Form 10-Q Financial Statement

#000087423817000011 Filed on October 31, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$STRL STERLING INFRASTRUCTURE, INC. Stock $strl

2017 Q4 Form 10-Q Financial Statement

#000087423817000011 Filed on October 31, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$STRL
STERLING INFRASTRUCTURE, INC. Stock $strl