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Investments (Tables)
9 Months Ended
Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Income of Unconsolidated Investments
The following table details the Company’s equity in net income of unconsolidated investments (net of tax) for the three-month and nine-month periods ended September 30, 2024 and 2023 (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Windfield$227,266 $465,931 $678,940 $1,399,173 
Other joint ventures1,792 4,375 17,496 18,372 
Total$229,058 $470,306 $696,436 $1,417,545 
Schedule Of Assets Liabilities And Results Of Operations For Unconsolidated Joint Ventures
The following table summarizes the unaudited results of operations for the Windfield joint venture, which met the significant subsidiary test for subsidiaries not consolidated or 50% or less owned persons under Rule 10-01 of Regulation S-X, for the three-month and nine-month periods ended September 30, 2024 and 2023 (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Net sales$338,844 $1,478,430 $1,070,835 $5,756,748 
Gross profit244,490 1,410,698 786,082 5,556,634 
Income before income taxes205,071 1,353,249 626,023 5,289,278 
Net income143,147 947,275 436,247 3,702,503