XML 159 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Construction Joint Ventures (Tables)
3 Months Ended
Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Change in non-controlling interest
The following table summarizes the changes in noncontrolling interests (amounts in thousands): 
 
 
Three Months Ended
March 31,
 
 
2018
 
2017
Balance, beginning of period
 
$
4,856

 
$
656

Net income attributable to noncontrolling interest included in equity
 
1,191

 
371

Distributions to noncontrolling interest owners
 

 

Balance, end of period
 
$
6,047

 
$
1,027

Condensed Balance Sheet

 
 
March 31,
2018
 
December 31,
2017
Total combined:
 
 

 
 

Current assets
 
$
67,990

 
$
64,574

Less current liabilities
 
(76,651
)
 
(78,349
)
Net liabilities
 
$
(8,661
)
 
$
(13,775
)
 
 
 
 
 
Sterling’s receivables from and equity in construction joint ventures
 
$
12,485

 
$
11,380

Condensed Income Statement
 
 
Three Months Ended
March 31,
 
 
2018
 
2017
Total combined:
 
 

 
 

Revenues
 
$
31,357

 
$
14,609

Income before tax
 
3,404

 
1,173

Sterling’s noncontrolling interest:
 
 
 
 
Revenues
 
$
15,065

 
$
6,488

Income before tax
 
1,691

 
553