Investments in and Advances to Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Financial Information of Consolidated Joint Ventures

The following represents financial information for consolidated joint ventures included in the consolidated financial statements (in thousands):

	June 30, 2024		December 31, 2023
Current assets	$	464,312	$	426,633
Noncurrent assets		11,670		14,295
Total assets		475,982		440,928
Current liabilities		276,649		260,286
Noncurrent liabilities		3,299		5,132
Total liabilities		279,948		265,418
Total joint venture equity	$	196,034	$	175,510

	Three Months Ended				Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Revenue	$	186,731	$	167,253	$	388,748	$	328,737
Costs		163,287		143,808		334,435		285,406
Net income	$	23,444	$	23,445	$	54,313	$	43,331
Net income attributable to noncontrolling interests	$	11,547	$	11,530	$	26,790	$	21,253

Summary of Financial Information for Unconsolidated Joint Ventures

The following represents the financial information of the Company’s unconsolidated joint ventures as presented in their unaudited financial statements (in thousands):

	June 30, 2024		December 31, 2023
Current assets	$	1,617,486	$	1,607,953
Noncurrent assets		462,319		483,693
Total assets		2,079,805		2,091,646
Current liabilities		970,590		1,057,113
Noncurrent liabilities		498,239		518,647
Total liabilities		1,468,829		1,575,760
Total joint venture equity	$	610,976	$	515,886
Investments in and advances to unconsolidated joint ventures	$	157,243	$	128,204

	Three Months Ended						Six Months Ended
	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Revenue	$	544,000		$	530,467		$	1,017,532		$	879,624
Costs		555,971			534,555			1,032,721			893,950
Net income (loss)	$	(11,971	)	$	(4,088	)	$	(15,189	)	$	(14,326	)
Equity in losses of unconsolidated joint ventures	$	(16,837	)	$	75		$	(18,897	)	$	(5,765	)

Summary of Financial Statement Impact From Changes In Estimates on an Unconsolidated Joint Ventures

The following table presents certain financial statement impacts from changes in estimates on unconsolidated joint ventures in the Critical Infrastructure segment (in thousands):

	Three Months Ended						Six Months Ended
	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Operating income (loss)	$	(22,433	)	$	(6,987	)	$	(30,793	)	$	(16,974	)
Net income (loss)		(22,433	)		(5,198	)		(30,793	)		(12,629	)
Diluted income (loss) per share	$	(0.20	)	$	(0.05	)	$	(0.29	)	$	(0.11	)