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Investments (Tables)
6 Months Ended
Jun. 30, 2025
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 six-month periods ended June 30, 2025 and 2024 (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Windfield$71,762 $278,995 $126,748 $451,674 
Other joint ventures6,496 7,883 15,796 15,704 
Total$78,258 $286,878 $142,544 $467,378 
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 six-month periods ended June 30, 2025 and 2024 (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Net sales$296,020 $541,982 $586,439 $731,991 
Gross profit169,778 391,610 362,482 541,592 
Income before income taxes161,354 326,322 306,150 420,952 
Net income112,897 226,689 214,641 293,100