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Investments (Tables)
6 Months Ended
Jun. 30, 2020
Investments [Abstract]  
Schedule of investments
Six Months Ended June 30, 2020
 
WMES
 
CASC Willis
 
Total
 
 
(in thousands)
Investment in joint ventures as of December 31, 2019
 
$
44,134

 
$
13,802

 
$
57,936

Earnings from joint ventures
 
920

 
235

 
1,155

Foreign currency translation adjustment
 

 
(226
)
 
(226
)
Investment in joint ventures as of June 30, 2020
 
$
45,054

 
$
13,811

 
$
58,865


Summarized financial information
Unaudited summarized financial information for 100% of WMES is presented in the following tables:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
 
(in thousands)
 
(in thousands)
Revenue
$
11,804

 
$
13,594

 
$
19,915

 
$
23,137

Expenses
10,425

 
10,025

 
18,179

 
18,398

WMES net income
$
1,379

 
$
3,569

 
$
1,736

 
$
4,739

 
June 30,
2020
 
December 31,
2019
 
(in thousands)
Total assets
$
329,540

 
$
322,606

Total liabilities
232,250

 
227,052

Total WMES net equity
$
97,290

 
$
95,554