XML 192 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1

Construction Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

Change in Non-controlling Interest

The following table summarizes the changes in the noncontrolling owners’ interests in subsidiaries and consolidated joint ventures for the years ended December 31, 2018, 2017 and 2016 (amounts in thousands):

	Years Ended December 31,
	2018				2017				2016
Balance, beginning of period	$	4,856			$	656			$	91
Net income attributable to noncontrolling interest included in equity	4,353				4,200				1,826
Distributions to noncontrolling interest owners	(1,350		)		—				(1,079		)
Balance, end of period	$	7,859			$	4,856			$	656

Condensed Balance Sheet

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 consolidated financial statements are shown below (amounts in thousands):

	As of December 31,
	2018				2017
Total combined:
Current assets	$	64,815			$	64,574
Less current liabilities	$	(74,543	)		(78,349		)
Net liabilities	$	(9,728	)		$	(13,775	)
Sterling’s receivables from and equity in construction joint ventures	$	10,720			$	11,380

Condensed Income Statement

	Years Ended December 31,
	2018				2017				2016
Revenues	$	193,677			$	181,589			$	156,202
Operating income	8,819				9,069				6,005
Net income attributable to Sterling common stockholders	$	4,415			$	4,531			$	2,993

	Years Ended December 31,
	2018				2017				2016
Total combined:
Revenues	$	115,441			$	93,848			$	62,440
Income before tax	8,097				7,827				5,144
Sterling’s noncontrolling interest:
Revenues	$	55,134			$	44,948			$	25,537
Income before tax	4,104				3,847				1,980

X

- Definition

Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 3
-Paragraph i
-Subsection 10

+ Details

Name:	srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix:	srt_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 3
-Paragraph i
-Subsection 10

+ Details

Name:	srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix:	srt_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4M
-URI http://asc.fasb.org/extlink&oid=84234705&loc=SL4591554-111686

+ Details

Name:	us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestEffectsOfChangesNetTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration