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Investments in and Advances to Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025				December 31, 2024
Current assets		$	497,357			$	519,450
Noncurrent assets			8,494				9,841
Total assets			505,851				529,291
Current liabilities			320,772				296,774
Noncurrent liabilities			1,944				2,203
Total liabilities			322,716				298,977
Total joint venture equity		$	183,135			$	230,314

		Three Months Ended
		March 31, 2025				March 31, 2024
Revenue		$	196,358			$	202,017
Costs			164,954				171,148
Net income		$	31,404			$	30,869
Net income attributable to noncontrolling interests		$	15,584			$	15,243

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, 2025				December 31, 2024
Current assets		$	1,445,838			$	1,477,950
Noncurrent assets			429,081				431,476
Total assets			1,874,919				1,909,426
Current liabilities			950,485				947,072
Noncurrent liabilities			457,622				469,808
Total liabilities			1,408,107				1,416,880
Total joint venture equity		$	466,812			$	492,546
Investments in and advances to unconsolidated joint ventures		$	142,248			$	138,759

		Three Months Ended
		March 31, 2025				March 31, 2024
Revenue		$	524,556			$	473,532
Costs			520,876				476,750
Net income		$	3,680			$	(3,218	)
Equity in earnings of unconsolidated joint ventures		$	(687	)		$	(2,060	)

Summary of Financial Statement Impact From Changes In Estimates on an Unconsolidated Joint Ventures

The following table presents certain financial statement impacts from changes in estimates on unconsolidated joint ventures in the Critical Infrastructure segment.

		March 31, 2025				March 31, 2024
Operating loss		$	-			$	(8,361	)
Net loss			-				(6,258	)
Diluted loss per share		$	—			$	(0.06	)

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Schedule of financial information of consolidated joint ventures.

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

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