Equity Method Investment (Tables)

9 Months Ended

Sep. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Summarized balance sheet information of our equity method investment entity is as follows: 

	September 30, 2020		December 31, 2019
Current assets	$	2,657	$	2,482
Noncurrent assets	310		395
Total assets	$	2,967	$	2,877
Current liabilities	377		321
Equity of Charah	5,095		5,078
Equity of joint venture partner	(2,505)		(2,522)
Total liabilities and members’ equity	$	2,967	$	2,877

Summarized financial performance of our equity method investment entity is as follows: 

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Revenue	$	2,353	$	2,647	$	5,377	$	7,400
Net income	1,252		1,334		2,495		3,767
Charah Solutions’ share of net income	625		667		1,247		1,884

The following table reflects our proportional ownership activity in our investment account: 

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Opening balance	$	4,851	$	5,218	$	5,078	$	5,060
Distributions	(381)		(591)		(1,230)		(1,650)
Share of net income	625		667		1,247		1,884
Closing balance	$	5,095	$	5,294	$	5,095	$	5,294