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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME        
Contract revenues $ 513,051 $ 448,776 $ 1,031,521 $ 916,870
Contract costs 451,746 405,613 908,584 830,831
Gross profit 61,305 43,163 122,937 86,039
Selling, general and administrative expenses 41,199 33,944 86,245 66,931
Amortization of intangible assets 1,203 735 2,431 1,469
Gain on sale of property and equipment (439) (926) (1,489) (1,397)
Income from operations 19,342 9,410 35,750 19,036
Other income (expense):        
Interest income 4 0 6 0
Interest expense (1,315) (1,168) (2,828) (2,373)
Other income (expense), net 321 582 (574) 1,328
Income before provision for income taxes 18,352 8,824 32,354 17,991
Income tax expense 4,967 2,466 9,037 5,013
Net income 13,385 6,358 23,317 12,978
Less: net loss attributable to noncontrolling interest 0 (849) 0 (1,582)
Net income attributable to MYR Group Inc. $ 13,385 $ 7,207 $ 23,317 $ 14,560
Income per common share attributable to MYR Group Inc.:        
Basic (in dollars per share) $ 0.80 $ 0.43 $ 1.40 $ 0.88
Diluted (in dollars per share) $ 0.80 $ 0.43 $ 1.39 $ 0.87
Weighted average number of common shares and potential common shares outstanding:        
Basic (in shares) 16,685 16,600 16,656 16,557
Diluted (in shares) 16,765 16,704 16,751 16,682
Net income $ 13,385 $ 6,358 $ 23,317 $ 12,978
Other comprehensive income (loss):        
Foreign currency translation adjustment (39) (123) 48 (200)
Other comprehensive income (loss) (39) (123) 48 (200)
Total comprehensive income 13,346 6,235 23,365 12,778
Less: net loss attributable to noncontrolling interest 0 (849) 0 (1,582)
Total comprehensive income attributable to MYR Group Inc. $ 13,346 $ 7,084 $ 23,365 $ 14,360