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Investments in affiliates and joint ventures (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of variable interest entities

The following is a summary of the Company's interests in its various affiliates and joint ventures, which it accounts for using the equity method:

Affiliate or joint venture name:						Interest
Nuna Group of Companies ("Nuna")
Nuna Logistics Ltd.						49		%
North American Nuna Joint Venture						50		%
Nuna East Ltd.						37		%
Nuna Pang Contracting Ltd.						37		%
Nuna West Mining Ltd.						49		%
Mikisew North American Limited Partnership ("MNALP")						49		%
Fargo joint ventures "Fargo"
ASN Constructors ("ASN")						30		%
Red River Valley Alliance LLC ("RRVA")						15		%
NAYL Realty Inc.						49		%
BNA Remanufacturing Limited Partnership						50		%
Dene North Site Services Partnership(i)						49		%

(i)Subsequent to December 2022, the Dene North Site Services Partnership has been dissolved.

Schedule of investments in affiliates and joint ventures

The following is a summary of the Company's interests in its various affiliates and joint ventures, which it accounts for using the equity method:

Affiliate or joint venture name:						Interest
Nuna Group of Companies ("Nuna")
Nuna Logistics Ltd.						49		%
North American Nuna Joint Venture						50		%
Nuna East Ltd.						37		%
Nuna Pang Contracting Ltd.						37		%
Nuna West Mining Ltd.						49		%
Mikisew North American Limited Partnership ("MNALP")						49		%
Fargo joint ventures "Fargo"
ASN Constructors ("ASN")						30		%
Red River Valley Alliance LLC ("RRVA")						15		%
NAYL Realty Inc.						49		%
BNA Remanufacturing Limited Partnership						50		%
Dene North Site Services Partnership(i)						49		%

(i)Subsequent to December 2022, the Dene North Site Services Partnership has been dissolved.

The following table summarizes the movement in the investments in affiliates and joint ventures balance during the year:

						December 31, 2022						December 31, 2021
Balance, beginning of the year						$	55,974					$	46,263
Investments in affiliates and joint ventures						—						2,321
Share of net income						37,053						21,860
Dividends from affiliates and joint ventures						(12,760)						(11,270)
Intercompany eliminations						(4,630)						(3,200)
Balance, end of the year						$	75,637					$	55,974

The financial information for the Company's share of the investments in affiliates and joint ventures accounted for using the equity method is summarized as follows:

Balance Sheets

December 31, 2022						Nuna						MNALP						Fargo						Other entities						Total
Assets
Cash						$	6,559					$	1,467					$	81,326					$	800					$	90,152
Other current assets						82,147						41,820						1,776						3,495						129,238
Non-current assets						18,422						27,428						93,007						12,510						151,367
Total assets						$	107,128					$	70,715					$	176,109					$	16,805					$	370,757
Liabilities
Current liabilities						$	40,382					$	43,381					$	78,457					$	1,529					$	163,749
Non-current liabilities						12,942						22,195						89,907						6,327						131,371
Total liabilities						$	53,324					$	65,576					$	168,364					$	7,856					$	295,120
Net investments in affiliates and joint ventures						$	53,804					$	5,139					$	7,745					$	8,949					$	75,637

December 31, 2021						Nuna						MNALP						Fargo						Other entities						Total
Assets
Cash						$	13,992					$	2,758					$	38,688					$	734					$	56,172
Other current assets						32,363						20,032						—						3,758						56,153
Non-current assets						24,092						10,966						285						7,618						42,961
Total assets						$	70,447					$	33,756					$	38,973					$	12,110					$	155,286
Liabilities
Current liabilities						$	15,819					$	22,059					$	38,573					$	986					$	77,437
Non-current liabilities						9,586						7,356						—						4,933						21,875
Total liabilities						$	25,405					$	29,415					$	38,573					$	5,919					$	99,312
Net investments in affiliates and joint ventures						$	45,042					$	4,341					$	400					$	6,191					$	55,974

Statements of Operations

Year ended December 31, 2022						Nuna						MNALP						Fargo						Other entities						Total
Revenue						$	213,745					$	330,259					$	40,598					$	11,431					$	596,033
Gross profit						30,667						10,216						6,575						2,123						49,581
Income before taxes						21,741						8,825						7,049						1,881						39,496
Net income						$	19,298					$	8,825					$	7,049					$	1,881					$	37,053

Year ended December 31, 2021						Nuna						MNALP						Fargo						Other entities						Total
Revenue						$	147,187					$	171,425					$	6,296					$	7,532					$	332,440
Gross profit						28,357						2,762						1,079						1,443						33,641
Income before taxes						20,600						2,750						397						1,317						25,064
Net income						$	17,396					$	2,750					$	397					$	1,317					$	21,860

The following table provides the material aggregate outstanding balances with affiliates and joint ventures. Accounts payable and accrued liabilities due to joint ventures and affiliates do not bear interest, are unsecured and without fixed terms of repayment. Accounts receivable from certain joint ventures and affiliates bear interest at various rates, and all other accounts receivable amounts are non-interest bearing.

						December 31, 2022						December 31, 2021
Accounts receivable						$	65,294					$	31,050
Other assets						2,444						2,162
Accounts payable and accrued liabilities						13,773						286

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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.

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Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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