2019 Q1 Form 10-Q Financial Statement

#000087423819000068 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1 2017 Q4
Revenue $223.9M $222.5M $253.9M
YoY Change 0.65% 45.03% 50.83%
Cost Of Revenue $204.4M $202.7M $229.9M
YoY Change 0.88% 40.61% 42.44%
Gross Profit $19.50M $19.83M $23.97M
YoY Change -1.67% 113.57% 277.76%
Gross Profit Margin 8.71% 8.91% 9.44%
Selling, General & Admin $12.50M $12.30M $11.80M
YoY Change 1.63% 16.04% 25.53%
% of Gross Profit 64.09% 62.01% 49.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.302M $4.124M $3.900M
YoY Change 4.32% 1.33% 0.0%
% of Gross Profit 22.06% 20.79% 16.27%
Operating Expenses $14.80M $13.10M $17.00M
YoY Change 12.98% 18.02% 38.21%
Operating Profit $4.720M $6.679M $6.969M
YoY Change -29.33% -473.55% -217.03%
Interest Expense -$2.700M -$3.000M -$3.000M
YoY Change -10.0% 2900.0% 650.0%
% of Operating Profit -57.2% -44.92% -43.05%
Other Income/Expense, Net
YoY Change
Pretax Income $2.000M $3.700M $3.963M
YoY Change -45.95% -299.03% -168.87%
Income Tax $163.0K $41.00K -$19.90M
% Of Pretax Income 8.15% 1.11% -502.14%
Net Earnings $1.861M $3.680M $3.100M
YoY Change -49.43% -295.12% -149.21%
Net Earnings / Revenue 0.83% 1.65% 1.22%
Basic Earnings Per Share $0.07 $0.09 $0.11
Diluted Earnings Per Share $0.07 $0.09 $0.11
COMMON SHARES
Basic Shares Outstanding 26.38M shares 26.85M shares 27.05M shares
Diluted Shares Outstanding 26.72M shares 27.08M shares

Balance Sheet

Concept 2019 Q1 2018 Q1 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.80M $55.50M $84.00M
YoY Change 2.34% 49.6% 96.26%
Cash & Equivalents $56.76M $55.46M $83.95M
Short-Term Investments
Other Short-Term Assets $6.696M $6.479M $7.529M
YoY Change 3.35% -1.97% 38.2%
Inventory $2.699M $1.863M $4.621M
Prepaid Expenses
Receivables $147.0M $140.9M $133.9M
Other Receivables $11.60M $12.50M $11.40M
Total Short-Term Assets $268.9M $257.2M $278.5M
YoY Change 4.56% 42.11% 58.34%
LONG-TERM ASSETS
Property, Plant & Equipment $52.01M $52.14M $54.41M
YoY Change -0.25% -20.78% -20.14%
Goodwill $85.23M $85.23M $85.20M
YoY Change 0.0% 55.47% 55.42%
Intangibles $41.82M $44.22M $44.82M
YoY Change -5.43%
Long-Term Investments
YoY Change
Other Assets $246.0K $265.0K $317.0K
YoY Change -7.17% -91.07% -89.32%
Total Long-Term Assets $194.6M $181.9M $184.8M
YoY Change 7.01% 47.12% 46.74%
TOTAL ASSETS
Total Short-Term Assets $268.9M $257.2M $278.5M
Total Long-Term Assets $194.6M $181.9M $184.8M
Total Assets $463.5M $439.0M $463.3M
YoY Change 5.58% 44.15% 53.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $81.87M $85.12M $97.46M
YoY Change -3.82% 19.14% 45.25%
Accrued Expenses $17.50M $9.000M $9.348M
YoY Change 94.44% 33.43% 52.0%
Deferred Revenue $55.60M $62.37M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $393.0K $1.057M $3.978M
YoY Change -62.82% -64.04% 3.46%
Total Short-Term Liabilities $162.0M $158.5M $182.3M
YoY Change 2.24% 4.4% 24.35%
LONG-TERM LIABILITIES
Long-Term Debt $76.92M $85.11M $86.16M
YoY Change -9.62% 6167.01% 5462.3%
Other Long-Term Liabilities $1.115M $1.252M $1.271M
YoY Change -10.94% -97.19% -97.21%
Total Long-Term Liabilities $78.04M $130.3M $134.8M
YoY Change -40.1% 183.47% 185.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $162.0M $158.5M $182.3M
Total Long-Term Liabilities $78.04M $130.3M $134.8M
Total Liabilities $297.2M $288.7M $317.1M
YoY Change 2.94% 46.02% 63.68%
SHAREHOLDERS EQUITY
Retained Earnings -$63.12M -$87.63M -$90.12M
YoY Change -27.97% -15.73% -11.42%
Common Stock $271.0K $270.0K $271.0K
YoY Change 0.37% 7.57% 8.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.182M $0.00
YoY Change
Treasury Stock Shares 632.0K shares 0.000 shares
Shareholders Equity $163.5M $144.2M $141.3M
YoY Change
Total Liabilities & Shareholders Equity $463.5M $439.0M $463.3M
YoY Change 5.58% 44.15% 53.5%

Cashflow Statement

Concept 2019 Q1 2018 Q1 2017 Q4
OPERATING ACTIVITIES
Net Income $1.861M $3.680M $3.100M
YoY Change -49.43% -295.12% -149.21%
Depreciation, Depletion And Amortization $4.302M $4.124M $3.900M
YoY Change 4.32% 1.33% 0.0%
Cash From Operating Activities -$19.24M -$22.49M $31.80M
YoY Change -14.45% 634.55% 261.36%
INVESTING ACTIVITIES
Capital Expenditures $3.814M $1.897M -$1.100M
YoY Change 101.05% 3.95% -45.0%
Acquisitions
YoY Change
Other Investing Activities $100.0K $900.0K $2.500M
YoY Change -88.89% 50.0% 400.0%
Cash From Investing Activities -$3.677M -$1.011M $1.400M
YoY Change 263.7% -18.27% -193.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.201M $0.00
YoY Change
Debt Paid & Issued, Net $5.610M
YoY Change
Cash From Financing Activities -$14.41M -$4.988M -15.70M
YoY Change 188.93% 272.52% 106.58%
NET CHANGE
Cash From Operating Activities -$19.24M -$22.49M 31.80M
Cash From Investing Activities -$3.677M -$1.011M 1.400M
Cash From Financing Activities -$14.41M -$4.988M -15.70M
Net Change In Cash -$37.33M -$28.49M 17.50M
YoY Change 31.03% 405.34% -5933.33%
FREE CASH FLOW
Cash From Operating Activities -$19.24M -$22.49M $31.80M
Capital Expenditures $3.814M $1.897M -$1.100M
Free Cash Flow -$23.06M -$24.39M $32.90M
YoY Change -5.47% 399.06% 204.63%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q1 dei Amendment Flag
AmendmentFlag
false
CY2019Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2019Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2019Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2019Q1 dei Document Period End Date
DocumentPeriodEndDate
2019-03-31
CY2019Q1 dei Document Type
DocumentType
10-Q
CY2019Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000874238
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
26416472 shares
CY2019Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2019Q1 dei Entity Registrant Name
EntityRegistrantName
STERLING CONSTRUCTION CO INC
CY2019Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2019Q1 dei Trading Symbol
TradingSymbol
strl
CY2019Q1 strl Death And Disability Insurance Policies Per Policy Amount
DeathAndDisabilityInsurancePoliciesPerPolicyAmount
20000000 USD
CY2019Q1 strl Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
323000 USD
CY2019Q1 strl Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
740000 USD
CY2018Q1 strl Income Before Income Taxes And Earnings Attributable To Noncontrolling Interests
IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests
3721000 USD
CY2019Q1 strl Income Before Income Taxes And Earnings Attributable To Noncontrolling Interests
IncomeBeforeIncomeTaxesAndEarningsAttributableToNoncontrollingInterests
2024000 USD
CY2018Q1 strl Increase Decrease In Members Interest Subject To Mandatory Redemption And Undistributed Earnings
IncreaseDecreaseInMembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings
-3463000 USD
CY2019Q1 strl Increase Decrease In Members Interest Subject To Mandatory Redemption And Undistributed Earnings
IncreaseDecreaseInMembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings
-2211000 USD
CY2018Q1 strl Increase Decrease In Receivables From And Equity In Construction Joint Ventures
IncreaseDecreaseInReceivablesFromAndEquityInConstructionJointVentures
1105000 USD
CY2019Q1 strl Increase Decrease In Receivables From And Equity In Construction Joint Ventures
IncreaseDecreaseInReceivablesFromAndEquityInConstructionJointVentures
905000 USD
CY2018Q1 strl Interest Expense And Accreted Interest
InterestExpenseAndAccretedInterest
3087000 USD
CY2019Q1 strl Interest Expense And Accreted Interest
InterestExpenseAndAccretedInterest
3060000 USD
CY2019Q1 strl Lessee Lease Termination Period
LesseeLeaseTerminationPeriod
P10Y
CY2018Q4 strl Longterm Debt Current Maturities Gross
LongtermDebtCurrentMaturitiesGross
-2899000 USD
CY2019Q1 strl Longterm Debt Current Maturities Gross
LongtermDebtCurrentMaturitiesGross
-393000 USD
CY2018Q4 strl Members Interest Subject To Mandatory Redemption
MembersInterestSubjectToMandatoryRedemption
40000000 USD
CY2019Q1 strl Members Interest Subject To Mandatory Redemption
MembersInterestSubjectToMandatoryRedemption
40000000 USD
CY2019Q1 strl Members Interest Subject To Mandatory Redemption
MembersInterestSubjectToMandatoryRedemption
40000000 USD
CY2018Q4 strl Members Interest Subject To Mandatory Redemption And Undistributed Earnings
MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings
49343000 USD
CY2019Q1 strl Members Interest Subject To Mandatory Redemption And Undistributed Earnings
MembersInterestSubjectToMandatoryRedemptionAndUndistributedEarnings
47132000 USD
CY2018Q4 strl Receivables From And Equity In Construction Joint Venture
ReceivablesFromAndEquityInConstructionJointVenture
10720000 USD
CY2019Q1 strl Receivables From And Equity In Construction Joint Venture
ReceivablesFromAndEquityInConstructionJointVenture
11625000 USD
CY2018Q4 strl Undistributed Earnings Of Domestic Subsidiaries Net
UndistributedEarningsOfDomesticSubsidiariesNet
9343000 USD
CY2019Q1 strl Undistributed Earnings Of Domestic Subsidiaries Net
UndistributedEarningsOfDomesticSubsidiariesNet
7132000 USD
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
99426000 USD
CY2019Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
81870000 USD
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
318000 USD
CY2019Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
340000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
109134000 USD
CY2019Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
112613000 USD
CY2019Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P22Y
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
233795000 USD
CY2019Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
233502000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-194000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-564000 USD
CY2018Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
801000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
833000 USD
CY2018Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 USD
CY2018Q4 us-gaap Assets
Assets
482573000 USD
CY2019Q1 us-gaap Assets
Assets
463514000 USD
CY2018Q4 us-gaap Assets Current
AssetsCurrent
302616000 USD
CY2019Q1 us-gaap Assets Current
AssetsCurrent
268918000 USD
CY2018Q4 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
62407000 USD
CY2019Q1 us-gaap Capitalized Contract Cost Accumulated Amortization
CapitalizedContractCostAccumulatedAmortization
55598000 USD
CY2018Q4 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
41542000 USD
CY2019Q1 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
44133000 USD
CY2018Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
-20865000 USD
CY2019Q1 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
-11465000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
83953000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
55462000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
94095000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56764000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-28491000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-37331000 USD
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
38000000 shares
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
38000000 shares
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
27056000 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
26597000 shares
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
26424000 shares
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
271000 USD
CY2019Q1 us-gaap Common Stock Value
CommonStockValue
271000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
62407000 USD
CY2019Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
55598000 USD
CY2018Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
202658000 USD
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
204446000 USD
CY2018Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
41000 USD
CY2019Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
22000 USD
CY2018Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
6739000 USD
CY2019Q1 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
6220000 USD
CY2018Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
141000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1450000 USD
CY2019Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1591000 USD
CY2018Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4124000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4389000 USD
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9448000 USD
CY2019Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10500000 USD
CY2019Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000 USD
CY2019Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2000 USD
CY2019Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
206000 USD
CY2019Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
134000 USD
CY2019Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
72000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
214000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
8000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
31000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
54000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
121000 USD
CY2019Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
8000 USD
CY2019Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
32000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
417000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
32000 USD
CY2019Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.038
CY2019Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M7D
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4199000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4799000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
46617000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
46617000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
250000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
38000 USD
CY2018Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12340000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12489000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
85231000 USD
CY2019Q1 us-gaap Goodwill
Goodwill
85231000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
19834000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
19503000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
163000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-12334000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-17556000 USD
CY2018Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-891000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2697000 USD
CY2018Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
10586000 USD
CY2019Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
9400000 USD
CY2018Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
31464000 USD
CY2019Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
27449000 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3861000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
17569000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
10000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1902000 USD
CY2018Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
6946000 USD
CY2019Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
1976000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
42418000 USD
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
41818000 USD
CY2018Q1 us-gaap Interest Income Other
InterestIncomeOther
129000 USD
CY2019Q1 us-gaap Interest Income Other
InterestIncomeOther
364000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
3159000 USD
CY2019Q1 us-gaap Inventory Net
InventoryNet
2699000 USD
CY2019Q1 us-gaap Lease Cost
LeaseCost
34000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
289000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2025000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4163000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5903000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5179000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2094000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
310313000 USD
CY2019Q1 us-gaap Liabilities
Liabilities
297237000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
482573000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
463514000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
179174000 USD
CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
162010000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
88755000 USD
CY2019Q1 us-gaap Long Term Debt
LongTermDebt
83536000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2899000 USD
CY2019Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
393000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
79117000 USD
CY2019Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
76923000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
7859000 USD
CY2019Q1 us-gaap Minority Interest
MinorityInterest
2805000 USD
CY2018Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 USD
CY2019Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5100000 USD
CY2017Q4 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
4856000 USD
CY2018Q1 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
6047000 USD
CY2018Q4 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
7859000 USD
CY2019Q1 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
2805000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4988000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14412000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1011000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3677000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22492000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19242000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1191000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
46000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8466000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7400000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2383000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2489000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1815000 USD
CY2018Q1 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
1191000 USD
CY2019Q1 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
46000 USD
CY2019Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6679000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
4720000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
2211000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
15475000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7009000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6200000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15290000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13600000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M13D
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
8074000 USD
CY2019Q1 us-gaap Other Assets Current
OtherAssetsCurrent
6696000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
309000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
246000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4676000 USD
CY2019Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6300000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1229000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1115000 USD
CY2018Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-815000 USD
CY2019Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-2294000 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3201000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1897000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3814000 USD
CY2018Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2019Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5100000 USD
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-309000 USD
CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-501000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
886000 USD
CY2019Q1 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
147001000 USD
CY2018Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4679000 USD
CY2019Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
5610000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-64934000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-63119000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222492000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
223949000 USD
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
808740000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
137000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
3680000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
1861000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
161133000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
164624000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
51999000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
52011000 USD
CY2018Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
145026000 USD
CY2019Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.78
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
76000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3101000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
617000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1021000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
130000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
326000 shares
CY2018Q4 us-gaap Shares Outstanding
SharesOutstanding
27064000 shares
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4743000 USD
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2019Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3201000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
164401000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
163472000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
146189000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
150292000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
172260000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
166277000 USD
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
467000 shares
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
632000 shares
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
4731000 USD
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
7182000 USD
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
224000 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
346000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27078000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26723000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26854000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26377000 shares
CY2019Q1 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:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassification&#8212;</font><font style="font-family:inherit;font-size:10pt;">Reclassifications have been made to historical financial data on the Company&#8217;s Condensed Consolidated Financial Statements to conform to the Company&#8217;s current year presentation. </font></div></div>
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates&#8212;</font><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&#8217;s accounting policies require higher degrees of judgment than others in their application. These include the recognition of revenue and earnings from construction contracts over time, the valuation of long-term assets, income taxes, and purchase accounting, including intangibles and goodwill. 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
0000874238-19-000068-index-headers.html Edgar Link pending
0000874238-19-000068-index.html Edgar Link pending
0000874238-19-000068.txt Edgar Link pending
0000874238-19-000068-xbrl.zip Edgar Link pending
a2019033110-qexhibit101.htm Edgar Link pending
a2019033110-qexhibit311.htm Edgar Link pending
a2019033110-qexhibit312.htm Edgar Link pending
a2019033110-qexhibit321.htm Edgar Link pending
a2019033110-qexhibit322.htm Edgar Link pending
a20190331form10-q.htm 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
R57.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-20190331.xml Edgar Link completed
strl-20190331.xsd Edgar Link pending
strl-20190331_cal.xml Edgar Link unprocessable
strl-20190331_def.xml Edgar Link unprocessable
strl-20190331_lab.xml Edgar Link unprocessable
strl-20190331_pre.xml Edgar Link unprocessable