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Construction Joint Ventures (Tables)
9 Months Ended
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