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v3.19.3.a.u2

Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Schedule of investments in affiliates and joint ventures | The purchase price at the date of acquisition is allocated to net assets acquired as follows:
Assets |  |
Cash |  | $ | 10,939 |
Accounts receivable, net |  | 13,234 |
Contract assets |  | 3,089 |
Inventories |  | 3,926 |
Prepaid expenses and deposits |  | 304 |
|  | 31,492 |
Property, plant and equipment |  | 15,962 |
Other assets |  | 1,375 |
Investment in affiliates and joint ventures |  | 11,728 |
Total Assets |  | 60,557 |
Liabilities |  |
Accounts payable |  | 10,604 |
Accrued liabilities |  | 1,136 |
Contract liabilities |  | 360 |
|  | 12,100 |
Long-term debt (including current portion) |  | 3,127 |
Finance lease obligation (formally capital lease obligation, including current portion) |  | 542 |
Deferred tax liabilities |  | 1,938 |
Total Liabilities |  | 17,707 |
Net assets acquired |  | $ | 42,850 |
The following table summarizes the investments of the NL Partnership, including the NL Partnership’s ownership interest therein:
|  | NL Partnership Interest(iii) |
Equity method investments: |  |
Kivalliq Services Ltd.(i) |  | 33.33 | %
HRN Contracting Ltd.(ii) |  | 33.33 | %
Proportionately consolidated investments: |  |
Amik Nuna Forestry Services |  | 50.00 | %
Aroland Nuna |  | 49.00 | %
Fond Du Lac Nuna |  | 49.00 | %
Mahiikanuk Nuna |  | 49.00 | %
Met Nuna |  | 75.00 | %
Nuna Bauer |  | 50.00 | %
EDC Nuna Contracting |  | 70.00 | %
Attawapiskat Nuna |  | 75.00 | %
Consolidated investments: |  |
Deton Cho Nuna |  | 60.00 | %
Nuna Deton Cho Winter Road Services |  | 75.00 | %
Nuna Deton Cho Contracting |  | 100.00 | %
(i)Includes investment in MTKSL Contracting Joint Venture. (ii)Includes investment in TDIC/HRN Contracting Joint Venture. (iii)Subsequent to the change in presentation of the NL Partnership on November 1, 2019, the investments of the NL Partnership and the results of these investments are recognized through the Company’s equity method investment in the NL Partnership. The following table summarizes the movement in the investments in affiliates and joint ventures balance during the year:
|  | December 31, 2019 |  |  | December 31, 2018 |
Balance, beginning of the year |  | $ | 11,788 |  |  | $ | — |
Additions arising on acquisition |  | — |  |  | 11,728 |
Additions due to change in presentation of NL Partnership |  | 37,025 |  |  | — |
Dividends, repayments of loans and other adjustments |  | (8,685 | ) |  | — |
Share of net income |  | 2,780 |  |  | 60 |
Balance, end of the year |  | $ | 42,908 |  |  | $ | 11,788 |
The financial information for the investments in affiliates and joint ventures accounted for using the equity method is summarized as follows: Balance Sheets
|  | December 31, 2019 |  |  | December 31, 2018 |
Assets |  |  |  |
Current assets |  | $ | 33,734 |  |  | $ | 9,769 |
Non-current assets |  | 21,370 |  |  | 2,392 |
Total assets |  | $ | 55,104 |  |  | $ | 12,161 |
Liabilities |  |  |  |
Current liabilities |  | $ | 10,590 |  |  | $ | 4,013 |
Non-current liabilities |  | 2,614 |  |  | 3,032 |
Total liabilities |  | $ | 13,204 |  |  | $ | 7,045 |
Statement of Operations and Comprehensive Income
Year ended December 31, |  | 2019 |  |  | 2018 |
Revenues |  | $ | 24,689 |  |  | $ | 1,771 |
Gross profit |  | 5,148 |  |  | 152 |
Income before taxes |  | 3,782 |  |  | 98 |
Net income and comprehensive income |  | 2,780 |  |  | 60 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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