XML 61 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Construction Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Condensed Income Statement
Summary VIE financial information is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Revenues$56,491 $8,964 $127,373 $34,227 
Operating income$7,953 $599 $18,473 $2,281 
Net income$8,824 $966 $20,512 $3,119 
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Revenues$23,137 $17,296 $59,885 $49,073 
Income before tax$2,303 $7,876 $6,420 $16,204 
Sterling’s noncontrolling interest:
Revenues$11,266 $6,891 $29,051 $19,674 
Income before tax$1,146 $3,187 $3,113 $6,605 
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, 2024December 31, 2023
Current assets$53,158 $51,604 
Current liabilities$(35,023)$(10,081)
Receivables from and equity in construction joint ventures$7,814 $17,506