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Investments (Tables)
3 Months Ended
Mar. 31, 2022
Investments [Abstract]  
Schedule of investments
As of March 31, 2022WMESCASC WillisTotal
(in thousands)
Investment in joint ventures as of December 31, 2021$39,069 $16,858 $55,927 
(Loss) earnings from joint ventures(2,705)89 (2,616)
Foreign currency translation adjustment— 53 53 
Other comprehensive gain from joint ventures1,090 — 1,090 
Investment in joint ventures as of March 31, 2022$37,454 $17,000 $54,454 
Summarized financial information
Unaudited summarized financial information for 100% of WMES is presented in the following tables:
Three Months Ended March 31,
20222021
(in thousands)
Revenue$9,541 $4,761 
Expenses15,003 6,169 
WMES net loss$(5,462)$(1,408)

March 31,
2022
December 31,
2021
(in thousands)
Total assets$298,487 $310,260 
Total liabilities219,605 225,917 
Total WMES net equity$78,882 $84,343