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Investments in and Advances to Joint Ventures (Tables)
6 Months Ended
Jun. 30, 2021
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, 2021

 

 

December 31, 2020

 

Current assets

 

$

263,051

 

 

$

292,407

 

Noncurrent assets

 

 

2,641

 

 

 

2,990

 

Total assets

 

 

265,692

 

 

 

295,397

 

Current liabilities

 

 

191,223

 

 

 

201,270

 

Total liabilities

 

 

191,223

 

 

 

201,270

 

Total joint venture equity

 

$

74,469

 

 

$

94,127

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2021

 

 

June 30, 2020

 

 

June 30, 2021

 

 

June 30, 2020

 

Revenue

 

$

98,245

 

 

$

117,889

 

 

$

194,869

 

 

$

218,167

 

Costs

 

 

87,097

 

 

 

101,935

 

 

 

173,403

 

 

 

199,085

 

Net income

 

$

11,148

 

 

$

15,954

 

 

$

21,466

 

 

$

19,082

 

Net income attributable to noncontrolling interests

 

$

5,325

 

 

$

7,826

 

 

$

10,300

 

 

$

9,224

 

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, 2021

 

 

December 31, 2020

 

Current assets

 

$

1,042,978

 

 

$

774,646

 

Noncurrent assets

 

 

614,916

 

 

 

585,802

 

Total assets

 

 

1,657,894

 

 

 

1,360,448

 

Current liabilities

 

 

805,616

 

 

 

703,287

 

Noncurrent liabilities

 

 

565,249

 

 

 

517,697

 

Total liabilities

 

 

1,370,865

 

 

 

1,220,984

 

Total joint venture equity

 

$

287,029

 

 

$

139,464

 

Investments in and advances to unconsolidated joint ventures

 

$

86,045

 

 

$

68,975

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2021

 

 

June 30, 2020

 

 

June 30, 2021

 

 

June 30, 2020

 

Revenue

 

$

736,284

 

 

$

238,188

 

 

$

972,801

 

 

$

691,447

 

Costs

 

 

696,198

 

 

 

223,686

 

 

 

907,045

 

 

 

650,691

 

Net income

 

$

40,086

 

 

$

14,502

 

 

$

65,756

 

 

$

40,756

 

Equity in earnings of unconsolidated joint ventures

 

$

9,428

 

 

$

3,769

 

 

$

16,958

 

 

$

9,883