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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Contract revenues $ 1,531,169 $ 1,403,317 $ 1,142,487
Contract costs 1,364,109 1,278,313 1,007,764
Gross profit 167,060 125,004 134,723
Selling, general and administrative expenses 118,737 98,611 96,424
Amortization of intangible assets 1,843 499 886
Gain on sale of property and equipment (3,832) (3,664) (1,341)
Income from operations 50,312 29,558 38,754
Other income (expense):      
Interest income 24 4 5
Interest expense (3,652) (2,603) (1,299)
Other income (expense), net (3,616) (2,319) 885
Income before provision for income taxes 43,068 24,640 38,345
Income tax expense 11,774 3,486 16,914
Net income 31,294 21,154 21,431
Less: net income – noncontrolling interests 207 0 0
Net income attributable to MYR Group Inc. $ 31,087 $ 21,154 $ 21,431
Income per common share attributable to MYR Group Inc.:      
- Basic (in dollars per share) $ 1.89 $ 1.30 $ 1.25
- Diluted (in dollars per share) $ 1.87 $ 1.28 $ 1.23
Weighted average number of common shares and potential common shares outstanding:      
- Basic (in shares) 16,441 16,273 17,109
- Diluted (in shares) 16,585 16,496 17,461
Net income $ 31,294 $ 21,154 $ 21,431
Other comprehensive income (loss):      
Foreign currency translation adjustment 106 134 (549)
Other comprehensive income (loss) 106 134 (549)
Total comprehensive income 31,400 21,288 20,882
Net income attributable to noncontrolling interests 207 0 0
Total comprehensive income attributable to MYR Group Inc. $ 31,193 $ 21,288 $ 20,882