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Note 4 - Construction Joint Ventures
 3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Equity Method Investments and Joint Ventures Disclosure [Text Block]
4.
 Construction Joint Ventures
 
The Company participates in various construction joint ventures. Generally, each construction joint venture is formed to construct a specific project and is jointly controlled by the joint venture partners. Refer to Note
5
of the Notes to Consolidated Financial Statements in the
2016
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):
 
    March 31,
2017		   December 31,
2016
Total combined:                
Current assets   $
32,782
     $
32,592
  
Less current liabilities    
(53,883
 )    
(57,598
 )
Net assets   $
(21,101
 )   $
(25,006
 )
                 
Backlog   $
92,724
     $
107,333
  
Sterling’s noncontrolling interest in backlog    
46,504
      
52,992
  
Sterling’s receivables from and equity in construction joint ventures    
7,890
      
7,130
  
 
    Three Months Ended
March 31,
    2017   2016
Total combined:                
Revenues   $
14,609
     $
8,804
  
Income before tax    
1,173
      
535
  
                 
Sterling’s noncontrolling interest:                
Revenues   $
6,488
     $
3,780
  
Income before tax    
553
      
258
  
 
Approximately
$47
million and
$53
million of the Company’s backlog at
March
31,
2017
and
December
31,
2016,
respectively, were attributable to projects performed by joint ventures. The most significant amount of the construction joint venture backlog outstanding at
March
31,
2017
was attributable to the Company’s construction joint venture with Steve. P. Rados, Inc., where the Company has a
50%
interest, and the most significant amount of backlog outstanding at
December
31,
2016
was attributable to the Company’s construction joint venture with Granite Construction Corporation, where the Company has a
49%
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.