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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, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Contract revenues $ 607,901 $ 583,214 $ 1,639,422 $ 1,500,084
Contract costs 531,429 524,017 1,440,013 1,354,848
Gross profit 76,472 59,197 199,409 145,236
Selling, general and administrative expenses 51,443 41,667 137,688 108,598
Amortization of intangible assets 578 1,419 3,009 2,888
Gain on sale of property and equipment (478) (1,151) (1,967) (2,548)
Income from operations 24,929 17,262 60,679 36,298
Other income (expense):        
Interest income 0 0 6 0
Interest expense (1,113) (2,125) (3,941) (4,498)
Other income (expense), net 18 (922) (556) 406
Income before provision for income taxes 23,834 14,215 56,188 32,206
Income tax expense 6,542 3,754 15,579 8,767
Net income 17,292 10,461 40,609 23,439
Less: net income (loss) attributable to noncontrolling interest 0 106 0 (1,476)
Net income attributable to MYR Group Inc. $ 17,292 $ 10,355 $ 40,609 $ 24,915
Income per common share attributable to MYR Group Inc.:        
Basic (in dollars per share) $ 1.04 $ 0.62 $ 2.44 $ 1.50
Diluted (in dollars per share) $ 1.02 $ 0.62 $ 2.42 $ 1.49
Weighted average number of common shares and potential common shares outstanding:        
Basic (in shares) 16,698 16,614 16,670 16,576
Diluted (in shares) 16,882 16,714 16,798 16,692
Net income $ 17,292 $ 10,461 $ 40,609 $ 23,439
Other comprehensive income (loss):        
Foreign currency translation adjustment (5) 1 43 (199)
Other comprehensive income (loss): (5) 1 43 (199)
Total comprehensive income 17,287 10,462 40,652 23,240
Less: net income (loss) attributable to noncontrolling interest 0 106 0 (1,476)
Total comprehensive income attributable to MYR Group Inc. $ 17,287 $ 10,356 $ 40,652 $ 24,716