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Construction Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Summary of Condensed Income Statement | Summary VIE financial information is as follows:
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Revenues | $ | 28,625 |  |  | $ | 8,544 |  |  |  |  |
Operating income | $ | 5,250 |  |  | $ | 576 |  |  |  |  |
Net income | $ | 5,772 |  |  | $ | 720 |  |  |  |  |
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Revenues | $ | 13,281 |  |  | $ | 12,253 |  |  |  |  |
Income before tax | $ | 1,622 |  |  | $ | 2,108 |  |  |  |  |
Sterling’s noncontrolling interest: |  |  |  |  |  |  |
Revenues | $ | 6,413 |  |  | $ | 4,900 |  |  |  |  |
Income before tax | $ | 747 |  |  | $ | 860 |  |  |  |  |
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:
| March 31, 2024 |  | December 31, 2023
Current assets | $ | 80,310 |  |  | $ | 51,604 |
Current liabilities | $ | (37,243) |  |  | $ | (10,081) |
Sterling’s receivables from and equity in construction joint ventures | $ | 18,222 |  |  | $ | 17,506 |

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