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Construction Joint Ventures (Tables) | 9 Months Ended
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Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract] |
Condensed Balance Sheet | 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):
|  | September 30, 2017 |  | December 31, 2016
Total combined: |  |  |  |  |  |
Current assets |  | $ | 42,129 |  |  | $ | 32,592 |
Less current liabilities |  | (61,079 | ) |  | (57,598 | )
Net liabilities |  | $ | (18,950 | ) |  | $ | (25,006 | )
Backlog |  | $ | 51,110 |  |  | $ | 107,333 |
Sterling’s noncontrolling interest in backlog |  | $ | 26,659 |  |  | $ | 52,992 |
Sterling’s receivables from and equity in construction joint ventures |  | $ | 9,069 |  |  | $ | 7,130 |
Condensed Income Statement |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Total combined: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 27,703 |  |  | $ | 15,520 |  |  | $ | 61,210 |  |  | $ | 44,074 |
Income before tax |  | (6,281 | ) |  | 1,925 |  |  | (3,611 | ) |  | 3,838 |
Sterling’s noncontrolling interest: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 13,664 |  |  | $ | 6,103 |  |  | $ | 28,826 |  |  | $ | 17,567 |
Income before tax |  | (1,629 | ) |  | 519 |  |  | (358 | ) |  | 1,370 |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Revenues |  | $ | 64,266 |  |  | $ | 50,739 |  |  | $ | 126,333 |  |  | $ | 121,649 |
Operating income |  | 3,666 |  |  | 2,720 |  |  | 6,307 |  |  | 4,894 |
Net income |  | 1,834 |  |  | 1,357 |  |  | 3,149 |  |  | 2,440 |

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