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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME        
Contract revenues $ 583,214 $ 399,537 $ 1,500,084 $ 1,084,824
Contract costs 524,017 354,251 1,354,848 965,155
Gross profit 59,197 45,286 145,236 119,669
Selling, general and administrative expenses 41,667 31,210 108,598 88,658
Amortization of intangible assets 1,419 743 2,888 979
Gain on sale of property and equipment (1,151) (804) (2,548) (2,869)
Income from operations 17,262 14,137 36,298 32,901
Other income (expense):        
Interest income 0 13 0 13
Interest expense (2,125) (1,014) (4,498) (2,518)
Other income (expense), net (922) (2,292) 406 (2,018)
Income before provision for income taxes 14,215 10,844 32,206 28,378
Income tax expense 3,754 2,885 8,767 7,940
Net income 10,461 7,959 23,439 20,438
Less: net income (loss) attributable to noncontrolling interest 106 2 (1,476) 2
Net income attributable to MYR Group Inc $ 10,355 $ 7,957 $ 24,915 $ 20,436
Income per common share attributable to MYR Group Inc.:        
Basic (in dollars per share) $ 0.62 $ 0.48 $ 1.50 $ 1.24
Diluted (in dollars per share) $ 0.62 $ 0.48 $ 1.49 $ 1.23
Weighted average number of common shares and potential common shares outstanding:        
Basic (in shares) 16,614 16,492 16,576 16,423
Diluted (in shares) 16,714 16,630 16,692 16,580
Net income $ 10,461 $ 7,959 $ 23,439 $ 20,438
Other comprehensive income (loss):        
Foreign currency translation adjustment 1 (22) (199) (23)
Other comprehensive income (loss) 1 (22) (199) (23)
Total comprehensive income (loss) 10,462 7,937 23,240 20,415
Less: net income (loss) attributable to noncontrolling interest 106 2 (1,476) 2
Total comprehensive income attributable to MYR Group Inc. $ 10,356 $ 7,935 $ 24,716 $ 20,413