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50% OWNED SUBSIDIARY
 9 Months Ended
Sep. 30, 2026
Noncontrolling Interest [Abstract]  
50% OWNED SUBSIDIARY
5.50% OWNED SUBSIDIARY
The Company holds a 50% ownership interest in Road and Highway Builders, LLC (“RHB”). The Company uses the equity method of accounting for its ownership interest, reporting its portion of RHB’s income as a single line item within “Other operating income, net” in the Condensed Consolidated Statements of Operations and reporting its interest in RHB as a single line item (“Investment in unconsolidated subsidiaries”) in the Condensed Consolidated Balance Sheets.
Financial amounts of RHB and the Company’s share of such amounts are shown below:
(In thousands)September 30, 2026December 31, 2025
Current assets - RHB’s Balance Sheets$124,718 $118,101 
Current liabilities - RHB’s Balance Sheets$132,321 $123,940 
Investment in unconsolidated RHB subsidiary - Sterling’s Balance Sheets (1)
$98,485 $105,813 
(1) Includes a basis difference of $85.5 million and $91.9 million at September 30, 2026 and December 31, 2025, respectively.
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands)2026202520262025
RHB’s Statements of Operations
Revenues$57,632 $63,560 $164,956 $168,327 
Income before tax$12,219 $15,102 $32,885 $35,042 
Sterling’s Statements of Operations
Revenues$— $— $— $— 
Income before tax (1)
$3,963 $5,405 $10,003 $11,082 
(1) For each of the three and nine months ended September 30, 2026 and 2025, Sterling’s portion of income before tax includes approximately $1.9 million and $5.6 million, respectively, of intangible asset amortization and approximately $275 thousand and $825 thousand, respectively, of depreciation expense related to the basis difference recognized in the deconsolidation of RHB on December 31, 2024.