Construction Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

Condensed Balance Sheet

Condensed 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, 2020		December 31, 2019
Current assets	$	136,284	$	92,710
Current liabilities	$	(142,553)	$	(86,705)
Sterling’s receivables from and equity in construction joint ventures	$	12,396	$	9,196

Condensed Income Statement

Summary financial information for Myers is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Revenues	$	54,364	$	59,664	$	98,726	$	102,078
Operating income	$	1,049	$	2,004	$	1,204	$	2,281
Net income	$	1,051	$	2,009	$	1,209	$	2,291

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Revenues	$	43,466	$	55,306	$	70,312	$	86,690
Income before tax	$	4,516	$	8,844	$	6,673	$	10,813
Sterling’s noncontrolling interest:
Revenues	$	19,377	$	25,971	$	32,459	$	41,655
Income before tax	$	1,968	$	3,116	$	3,017	$	4,100

Summary financial information for SEMA is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Revenues	$	3,404	$	1,027	$	7,468	$	1,629
Operating income	$	375	$	75	$	671	$	113
Net income	$	376	$	75	$	675	$	113