XML 184 R28.htm IDEA: XBRL DOCUMENT v3.23.2
Construction Joint Ventures (Tables)
 6 Months Ended
Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Condensed Income Statement
Summary financial information for this construction joint venture is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Revenues$16,719 $12,609 $25,263 $20,462 
Operating income$1,106 $836 $1,682 $1,388 
Net income$1,433 $840 $2,153 $1,394 
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Revenues$19,524 $39,185 $31,777 $77,638 
Income before tax$6,220 $6,072 $8,328 $10,467 
Sterling’s noncontrolling interest:
Revenues$7,883 $16,267 $12,783 $32,917 
Income before tax$2,558 $2,503 $3,418 $4,376 
Summary of 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 Condensed Consolidated Financial Statements are shown below:
June 30,
2023		December 31,
2022
Current assets$50,982 $68,258 
Current liabilities$(23,673)$(33,944)
Sterling’s receivables from and equity in construction joint ventures$11,407 $14,122