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Construction Joint Ventures (Tables)
9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2023202220232022
Revenues$8,964 $16,544 $34,227 $37,006 
Operating income$599 $1,285 $2,281 $2,673 
Net income$966 $1,294 $3,119 $2,688 
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Revenues$17,296 $31,848 $49,073 $109,486 
Income before tax$7,876 $6,299 $16,204 $16,766 
Sterling’s noncontrolling interest:
Revenues$6,891 $12,881 $19,674 $45,798 
Income before tax$3,187 $2,533 $6,605 $6,909 
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:
September 30,
2023
December 31,
2022
Current assets$47,490 $68,258 
Current liabilities$(12,306)$(33,944)
Sterling’s receivables from and equity in construction joint ventures$14,593 $14,122