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Construction Joint Ventures (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Summary of Condensed Income Statement | Summary VIE financial information is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenues | $ | 42,257 |  |  | $ | 16,719 |  |  | $ | 70,882 |  |  | $ | 25,263 |
Operating income | $ | 5,270 |  |  | $ | 1,106 |  |  | $ | 10,520 |  |  | $ | 1,682 |
Net income | $ | 5,916 |  |  | $ | 1,433 |  |  | $ | 11,688 |  |  | $ | 2,153 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenues | $ | 23,467 |  |  | $ | 19,524 |  |  | $ | 36,748 |  |  | $ | 31,777 |
Income before tax | $ | 2,495 |  |  | $ | 6,220 |  |  | $ | 4,117 |  |  | $ | 8,328 |
Sterling’s noncontrolling interest: |  |  |  |  |  |  |
Revenues | $ | 11,372 |  |  | $ | 7,883 |  |  | $ | 17,785 |  |  | $ | 12,783 |
Income before tax | $ | 1,220 |  |  | $ | 2,558 |  |  | $ | 1,967 |  |  | $ | 3,418 |
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, 2024 |  | December 31, 2023
Current assets | $ | 46,811 |  |  | $ | 51,604 |
Current liabilities | $ | (33,979) |  |  | $ | (10,081) |
Receivables from and equity in construction joint ventures | $ | 5,467 |  |  | $ | 17,506 |

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