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Note 3 - Construction Joint Ventures
 6 Months Ended
Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments and Joint Ventures Disclosure [Text Block]
3. Construction Joint Ventures

The Company participates in various construction joint venture partnerships. Generally, each construction joint venture is formed to construct 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 2014 Form 10-K for further information about our joint ventures. 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):


    June 30,
2015		   December 31,
2014
Total combined:                
Current assets   $ 22,517     $ 18,132  
Less current liabilities     (58,058 )     (49,035 )
Net assets   $ (35,541 )   $ (30,903 )
Backlog   $ 41,428     $ 55,063  
                 
Sterling’s noncontrolling interest in backlog   $ 12,750     $ 15,889  
Sterling’s receivables from and equity in construction joint ventures   $ 10,837     $ 9,153  

    Three Months Ended
June 30,		   Six Months Ended
June 30,
    2015   2014   2015   2014
Total combined:                                
Revenues   $ 27,986     $ 17,988     $ 40,992     $ 37,225  
Income before tax     2,664       1,565       5,077       2,125  
                                 
Sterling’s noncontrolling interest:                                
Revenues   $ 11,997     $ 6,694     $ 16,549     $ 15,624  
Income before tax     1,329       872       1,664       1,432  

Approximately $13 million of the Company’s backlog at June 30, 2015 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.


The caption “Receivables from and equity in construction joint ventures” includes undistributed earnings and receivables owed to the Company. Undistributed earnings are typically released to the joint venture partners after the customer accepts the project as complete and the warranty period, if any, has passed.