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Investments in and Advances to Joint Ventures (Tables)
3 Months Ended
Mar. 31, 2020
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):

 

 

 

March 31, 2020

 

 

December 31, 2019

 

Current assets

 

$

284,357

 

 

$

255,167

 

Noncurrent assets

 

 

2,441

 

 

 

2,860

 

Total assets

 

 

286,798

 

 

 

258,027

 

Current liabilities

 

 

219,880

 

 

 

193,583

 

Total liabilities

 

 

219,880

 

 

 

193,583

 

Total joint venture equity

 

$

66,918

 

 

$

64,444

 

 

 

 

Three Months Ended

 

 

 

March 31, 2020

 

 

March 31, 2019

 

Revenue

 

$

100,278

 

 

$

115,104

 

Costs

 

 

97,150

 

 

 

107,206

 

Net income

 

$

3,128

 

 

$

7,898

 

Net income attributable to noncontrolling interests

 

$

1,398

 

 

$

3,645

 

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):

 

 

 

March 31, 2020

 

 

December 31, 2019

 

Current assets

 

$

735,279

 

 

$

801,335

 

Noncurrent assets

 

 

527,529

 

 

 

564,160

 

Total assets

 

 

1,262,808

 

 

 

1,365,495

 

Current liabilities

 

 

663,622

 

 

 

655,495

 

Noncurrent liabilities

 

 

475,463

 

 

 

507,131

 

Total liabilities

 

 

1,139,085

 

 

 

1,162,626

 

Total joint venture equity

 

 

123,723

 

 

 

202,869

 

Investments in and advances to unconsolidated joint ventures

 

$

65,716

 

 

$

68,620

 

 

 

 

Three Months Ended

 

 

 

March 31, 2020

 

 

March 31, 2019

 

Revenue

 

$

238,188

 

 

$

229,466

 

Costs

 

 

223,686

 

 

 

216,780

 

Net income

 

$

14,502

 

 

$

12,686

 

Equity in earnings of unconsolidated joint ventures

 

$

6,114

 

 

$

10,397