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Investments in and Advances to Joint Ventures (Tables)
3 Months Ended
Mar. 31, 2021
Equity Method Investments And Joint Ventures [Abstract]  
Schedule of Financial Information of Consolidated Joint Ventures

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

 

 

 

March 31, 2021

 

 

December 31, 2020

 

Current assets

 

$

299,764

 

 

$

292,407

 

Noncurrent assets

 

 

2,888

 

 

 

2,990

 

Total assets

 

 

302,652

 

 

 

295,397

 

Current liabilities

 

 

214,015

 

 

 

201,270

 

Total liabilities

 

 

214,015

 

 

 

201,270

 

Total joint venture equity

 

$

88,637

 

 

$

94,127

 

 

 

 

Three Months Ended

 

 

 

March 31, 2021

 

 

March 31, 2020

 

Revenue

 

$

96,624

 

 

$

100,278

 

Costs

 

 

86,306

 

 

 

97,150

 

Net income

 

$

10,318

 

 

$

3,128

 

Net income attributable to noncontrolling interests

 

$

4,975

 

 

$

1,398

 

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):

 

 

 

March 31, 2021

 

 

December 31, 2020

 

Current assets

 

$

740,595

 

 

$

774,646

 

Noncurrent assets

 

 

580,224

 

 

 

585,802

 

Total assets

 

 

1,320,819

 

 

 

1,360,448

 

Current liabilities

 

 

673,872

 

 

 

703,287

 

Noncurrent liabilities

 

 

528,168

 

 

 

517,697

 

Total liabilities

 

 

1,202,040

 

 

 

1,220,984

 

Total joint venture equity

 

$

118,779

 

 

$

139,464

 

Investments in and advances to unconsolidated joint ventures

 

$

76,017

 

 

$

68,975

 

 

 

 

Three Months Ended

 

 

 

March 31, 2021

 

 

March 31, 2020

 

Revenue

 

$

236,517

 

 

$

238,188

 

Costs

 

 

210,847

 

 

 

223,686

 

Net income

 

$

25,670

 

 

$

14,502

 

Equity in earnings of unconsolidated joint ventures

 

$

7,530

 

 

$

6,114