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Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Summary of Combined Balance Sheet Information

The following tables summarize combined balance sheet and income statement information for investments accounted for under the equity method:


	December 31,
	2020		2019
	(In thousands)
Current assets	$	492,025	$	442,253
Noncurrent assets	970		1,285
Total Assets	$	492,995	$	443,538
Current liabilities	$	270,536	$	219,702
Owners' equity	222,459		223,836
Total Liabilities and Owners' Equity	$	492,995	$	443,538

Summary of Combined Income Statement Information


	Year Ended December 31,
	2020		2019		2018
	(In thousands)
Revenues	$	3,980,066	$	3,716,548	$	5,685,015
Gross profit	$	142,709	$	133,170	$	172,673
Net income	$	139,988	$	130,949	$	162,095

Reconciliation of Net Income to Equity in Income

Reconciliations of net income per combined income statement information of our investees to equity in income of investees per our consolidated statements of income are as follows:


	Year Ended December 31,
	2020		2019		2018
	(In thousands)
Equity income based on stated ownership percentages	$	27,266	$	28,272	$	30,787
Timing of GAAP and other adjustments	(114)		652		(444)
Equity in income of investees	$	27,152	$	28,924	$	30,343

Schedule of Transactions with Unconsolidated Affiliates

Our transactions with unconsolidated affiliates were as follows:


	Year Ended December 31,
	2020		2019		2018
	(In thousands)
Sales to	$	12,186	$	14,668	$	18,454
Dividends received	$	25,005	$	20,955	$	22,237
Capital contributions, net of returns	$	(88)	$	(255)	$	9,059