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Note 3 - Construction Joint Ventures | 3 Months Ended
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Mar. 31, 2013
Equity Method Investments and Joint Ventures Disclosure [Text Block] |
3. | Construction Joint Ventures
We participate in various construction joint venture partnerships. Generally, each construction joint venture is formed to accomplish a specific project and is jointly controlled by the joint venture partners. See Note 6 of the Notes to Consolidated Financial Statements in the 2012 Form 10-K for further information. Condensed combined financial amounts of joint ventures in which the Company has a noncontrolling interest and the Company’s share of such amounts which are included in the Company’s condensed consolidated financial statements are shown below (amounts in thousands):
|  | March 31, 2013 |  |  | December 31, 2012 |
Total combined: |  |  |  |  |  |
Current assets |  | $ | 75,414 |  |  | $ | 92,102 |
Less current liabilities |  |  | (45,606 | ) |  |  | (48,002 | )
Net assets |  | $ | 29,808 |  |  | $ | 44,100 |
Backlog |  | $ | 190,627 |  |  | $ | 213,924 |
Sterling’s noncontrolling interest in backlog |  | $ | 68,873 |  |  | $ | 77,222 |
Sterling’s receivables from and equity in net assets of construction joint ventures |  | $ | 9,450 |  |  | $ | 11,005 |
|  | Three Months Ended March 31, |
|  | 2013 |  |  | 2012 |
Total combined: |  |  |  |  |  |
Revenues |  | $ | 24,874 |  |  | $ | 90,374 |
Income before tax |  |  | (4,399 | ) |  |  | 8,562 |
Sterling’s noncontrolling interest: |  |  |  |  |  |  |  |
Revenues |  | $ | 9,078 |  |  | $ | 15,916 |
Income before tax |  |  | (2,216 | ) |  |  | 1,413 |

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569 + Details
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