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Investments in and Advances to Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2019
Equity Method Investments And Joint Ventures [Abstract]  
Summary of Financial Information for Consolidated Joint Ventures

The following represents financial information for consolidated joint ventures included in the consolidated financial statements (in thousands):

 

 

 

December 31, 2018

 

 

September 30, 2019

 

Current assets

 

$

287,227

 

 

$

254,204

 

Noncurrent assets

 

 

2,689

 

 

 

2,836

 

Total assets

 

 

289,916

 

 

 

257,040

 

Current liabilities

 

 

199,833

 

 

 

198,079

 

Total liabilities

 

 

199,833

 

 

 

198,079

 

Total joint venture equity

 

$

90,083

 

 

$

58,961

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 28, 2018

 

 

September 30, 2019

 

 

September 28, 2018

 

 

September 30, 2019

 

Revenue

 

$

126,480

 

 

$

117,611

 

 

$

413,548

 

 

$

341,719

 

Costs

 

 

116,468

 

 

 

108,839

 

 

 

262,146

 

 

 

322,826

 

Net income

 

$

10,012

 

 

$

8,772

 

 

$

151,402

 

 

$

18,893

 

Net income attributable to noncontrolling interests

 

$

4,844

 

 

$

4,481

 

 

$

10,316

 

 

$

8,012

 

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):

 

 

 

December 31, 2018

 

 

September 30, 2019

 

Current assets

 

$

707,457

 

 

$

778,876

 

Noncurrent assets

 

 

876,385

 

 

 

956,367

 

Total assets

 

 

1,583,842

 

 

 

1,735,243

 

Current liabilities

 

 

560,306

 

 

 

625,949

 

Noncurrent liabilities

 

 

813,269

 

 

 

895,514

 

Total liabilities

 

 

1,373,575

 

 

 

1,521,463

 

Total joint venture equity

 

 

210,267

 

 

 

213,780

 

Investments in and advances to unconsolidated joint ventures

 

$

63,560

 

 

$

66,584

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 28, 2018

 

 

September 30, 2019

 

 

September 28, 2018

 

 

September 30, 2019

 

Revenue

 

$

482,634

 

 

$

474,600

 

 

$

1,234,946

 

 

$

1,225,284

 

Costs

 

 

462,042

 

 

 

452,001

 

 

 

1,186,184

 

 

 

1,166,008

 

Net income

 

$

20,592

 

 

$

22,599

 

 

$

48,762

 

 

$

59,276

 

Equity in earnings of unconsolidated joint ventures

 

$

12,707

 

 

$

7,274

 

 

$

25,577

 

 

$

29,305