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Investments in and Advances to Joint Ventures (Tables) | 6 Months Ended
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Jun. 30, 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):
|  | June 30, 2025 |  |  | December 31, 2024 |
Current assets |  | $ | 511,620 |  |  | $ | 519,450 |
Noncurrent assets |  |  | 7,245 |  |  |  | 9,841 |
Total assets |  |  | 518,865 |  |  |  | 529,291 |
Current liabilities |  |  | 306,812 |  |  |  | 296,774 |
Noncurrent liabilities |  |  | 3,063 |  |  |  | 2,203 |
Total liabilities |  |  | 309,875 |  |  |  | 298,977 |
Total joint venture equity |  | $ | 208,990 |  |  | $ | 230,314 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2025 |  |  | June 30, 2024 |  |  | June 30, 2025 |  |  | June 30, 2024 |
Revenue |  | $ | 192,795 |  |  | $ | 186,731 |  |  | $ | 389,153 |  |  | $ | 388,748 |
Costs |  |  | 162,068 |  |  |  | 163,287 |  |  |  | 327,022 |  |  |  | 334,435 |
Net income |  | $ | 30,727 |  |  | $ | 23,444 |  |  | $ | 62,131 |  |  | $ | 54,313 |
Net income attributable to noncontrolling interests |  | $ | 15,259 |  |  | $ | 11,547 |  |  | $ | 30,843 |  |  | $ | 26,790 |
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):
|  | June 30, 2025 |  |  | December 31, 2024 |
Current assets |  | $ | 1,449,797 |  |  | $ | 1,477,950 |
Noncurrent assets |  |  | 447,725 |  |  |  | 431,476 |
Total assets |  |  | 1,897,522 |  |  |  | 1,909,426 |
Current liabilities |  |  | 960,893 |  |  |  | 947,072 |
Noncurrent liabilities |  |  | 500,834 |  |  |  | 469,808 |
Total liabilities |  |  | 1,461,727 |  |  |  | 1,416,880 |
Total joint venture equity |  | $ | 435,795 |  |  | $ | 492,546 |
Investments in and advances to unconsolidated joint ventures |  | $ | 150,721 |  |  | $ | 138,759 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2025 |  |  | June 30, 2024 |  |  | June 30, 2025 |  |  | June 30, 2024 |
Revenue |  | $ | 425,795 |  |  | $ | 544,000 |  |  | $ | 950,351 |  |  | $ | 1,017,532 |
Costs |  |  | 391,301 |  |  |  | 555,971 |  |  |  | 912,177 |  |  |  | 1,032,721 |
Net income |  | $ | 34,494 |  |  | $ | (11,971 | ) |  | $ | 38,174 |  |  | $ | (15,189 | )
Equity in earnings of unconsolidated joint ventures |  | $ | (642 | ) |  | $ | (16,837 | ) |  | $ | (1,329 | ) |  | $ | (18,897 | )
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. In certain instances, revisions in estimates on unconsolidated joint ventures do not exceed the threshold in any particular quarter but exceed the threshold on a year-to-date basis (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2025 |  |  | June 30, 2024 |  |  | June 30, 2025 |  |  | June 30, 2024 |
Operating loss |  | $ | - |  |  | $ | (22,433 | ) |  | $ | (12,841 | ) |  | $ | (30,793 | )
Net loss |  |  | - |  |  |  | (22,433 | ) |  |  | (9,608 | ) |  |  | (30,793 | )
Diluted loss per share |  | $ | — |  |  | $ | (0.20 | ) |  | $ | (0.09 | ) |  | $ | (0.29 | )

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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 + Details
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