XML 31 R26.htm IDEA: XBRL DOCUMENT v3.19.3
Construction Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2019
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:
 
September 30,
2019
 
December 31,
2018
Total combined joint ventures:
 
 
 

Current assets
$
92,300

 
$
64,815

Less: current liabilities
(92,141
)
 
(74,543
)
Net liabilities
$
159

 
$
(9,728
)
 
 
 
 
Sterling’s receivables from and equity in noncontrolling construction joint ventures
$
14,651

 
$
10,720

Condensed Income Statement
 
Three Months Ended September 30,

Nine Months Ended September 30,
 
2019
 
2018

2019
 
2018
Total combined joint ventures:
 
 
 

 
 

 
 

Revenues
$
40,875

 
$
32,190

 
$
127,565

 
$
89,010

Operating income
3,588

 
1,728

 
14,401

 
7,324

Sterling’s noncontrolling interest:
 
 
 
 
 
 
 
Revenues
$
20,119

 
$
12,820

 
$
61,774

 
$
41,739

Operating income
1,769

 
858

 
5,869

 
3,716