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Investments (Tables) | 12 Months Ended
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Dec. 31, 2021
Investments [Abstract] |
Investment Balances | The following table details our investment balances at December 31, 2021 and 2020 (in thousands):
|  | December 31,
|  | 2021 |  | 2020
Joint ventures |  | $ | 593,344 |  |  | $ | 604,964 |
Available for sale debt securities |  | 246,517 |  |  | — |
Nonmarketable securities |  | 20,660 |  |  | 14,171 |
Marketable equity securities |  | 37,187 |  |  | 37,109 |
Total |  | $ | 897,708 |  |  | $ | 656,244 |
Ownership Positions in Significant Unconsolidated Investments | Our ownership positions in significant unconsolidated investments are shown below:
|  |  | December 31,
|  |  | 2021 |  | 2020 |  | 2019
* |  | Windfield Holdings Pty. Ltd. - a joint venture with Sichuan Tianqi Lithium Industries, Inc., that mines lithium ore and produces lithium concentrate | 49 | % |  | 49 | % |  | 49 | %
* |  | Nippon Aluminum Alkyls - a joint venture with Mitsui Chemicals, Inc. that produces aluminum alkyls | 50 | % |  | 50 | % |  | 50 | %
* |  | Nippon Ketjen Company Limited - a joint venture with Sumitomo Metal Mining Company Limited that produces refinery catalysts | 50 | % |  | 50 | % |  | 50 | %
* |  | Eurecat S.A. - a joint venture with Axens Group for refinery catalysts regeneration services | 50 | % |  | 50 | % |  | 50 | %
* |  | Fábrica Carioca de Catalisadores S.A. - a joint venture with Petrobras Quimica S.A. - PETROQUISA that produces catalysts and includes catalysts research and product development activities | 50 | % |  | 50 | % |  | 50 | %
Summary of Assets, Liabilities and Results of Operations for Significant Unconsolidated Joint Ventures | The following summary lists the assets, liabilities and results of operations for our significant unconsolidated joint ventures presented herein (in thousands):
|  | December 31,
|  | 2021 |  | 2020
Summary of Balance Sheet Information: |  |  |  |
Current assets |  | $ | 485,730 |  |  | $ | 449,441 |
Noncurrent assets |  | 1,590,958 |  |  | 1,590,204 |
Total assets |  | $ | 2,076,688 |  |  | $ | 2,039,645 |
Current liabilities |  | $ | 209,621 |  |  | $ | 116,136 |
Noncurrent liabilities |  | 739,599 |  |  | 769,114 |
Total liabilities |  | $ | 949,220 |  |  | $ | 885,250 |
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Summary of Statements of Income Information: |  |  |  |  |  |
Net sales |  | $ | 827,848 |  |  | $ | 597,082 |  |  | $ | 910,891 |
Gross profit |  | $ | 443,129 |  |  | $ | 266,026 |  |  | $ | 496,150 |
Income before income taxes |  | $ | 269,788 |  |  | $ | 225,436 |  |  | $ | 384,690 |
Net income |  | $ | 187,084 |  |  | $ | 157,628 |  |  | $ | 229,733 |

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