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Note 3 - Construction Joint Ventures
3 Months Ended
Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]  
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.  Refer to Note 6 of the Notes to Consolidated Financial Statements in the 2013 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,
2014
   
December 31,
2013
 
Total combined:
           
Current assets
  $ 45,036     $ 51,329  
Less current liabilities
    (64,340 )     (64,531 )
Net assets
  $ (19,304 )   $ (13,202 )
Backlog
  $ 84,905     $ 101,014  
                 
Sterling’s noncontrolling interest in backlog
  $ 26,946     $ 30,652  
Sterling’s receivables from and equity in net assets of construction joint ventures
  $ 11,196     $ 6,118  

   
Three Months Ended
March 31,
 
   
2014
   
2013
 
Total combined:
           
Revenues
  $ 19,237     $ 24,874  
Income (loss) before tax
    560       (4,399 )
                 
Sterling’s noncontrolling interest:
               
Revenues
  $ 8,931     $ 9,078  
Income (loss) before tax
    559       (2,216 )

Approximately $27 million of the Company’s backlog at March 31, 2014 was attributable to projects performed by joint ventures.  The majority of this amount is attributable to the Company’s joint venture with Shimmick Construction Company, where the Company has a 30% interest.