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Construction Joint Ventures (Tables)
6 Months Ended
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,
2024202320242023
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,
2024202320242023
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, 2024December 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