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Investments in affiliates and joint ventures (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of interests in various 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		%
Barrooghumba WPH Pty Ltd.						50		%
Ngaliku WPH Pty Ltd.						50		%
Dene North Site Services Partnership(i)						49		%

(i)As of January 1, 2023, 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		%
Barrooghumba WPH Pty Ltd.						50		%
Ngaliku WPH Pty Ltd.						50		%
Dene North Site Services Partnership(i)						49		%

(i)As of January 1, 2023, 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, 2023						December 31, 2022
Balance, beginning of the year						$	75,637					$	55,974
Additions arising from the acquisition of MacKellar						85						—
Share of net income						25,815						37,053
Dividends and advances received from affiliates and joint ventures						(21,543)						(12,760)
Intercompany eliminations and other						1,441						(4,630)
Balance, end of the year						$	81,435					$	75,637

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, 2023						Nuna						MNALP						Fargo						Other entities						Total
Assets
Cash						$	9,944					$	4,184					$	87,418					$	222					$	101,768
Other current assets						34,937						36,060						4,556						4,593						80,146
Non-current assets						23,884						37,103						172,818						10,434						244,239
Total assets						$	68,765					$	77,347					$	264,792					$	15,249					$	426,153
Liabilities
Contract liabilities						$	7,817					$	—					$	76,481					$	52					$	84,350
Other current liabilities (excluding current portion of long-term debt)						5,145						29,216						33,122						1,871						69,354
Long-term debt (including current portion)						9,631						36,596						132,818						6,221						185,266
Non-current liabilities						4,985						—						589						174						5,748
Total liabilities						$	27,578					$	65,812					$	243,010					$	8,318					$	344,718
Net investments in affiliates and joint ventures						$	41,187					$	11,535					$	21,782					$	6,931					$	81,435

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						39,106						1,776						3,495						126,524
Non-current assets						18,422						29,143						93,007						12,510						153,082
Total assets						$	107,128					$	69,716					$	176,109					$	16,805					$	369,758
Liabilities
Contract liabilities						$	8,788					$	—					$	66,490					$	4					$	75,282
Other current liabilities (excluding current portion of long-term debt)						21,858						38,397						11,967						1,415						73,637
Long-term debt (including current portion)						17,900						26,180						89,295						5,906						139,281
Non-current liabilities						4,778						—						612						531						5,921
Total liabilities						$	53,324					$	64,577					$	168,364					$	7,856					$	294,121
Net investments in affiliates and joint ventures						$	53,804					$	5,139					$	7,745					$	8,949					$	75,637

Statements of Operations

Year ended December 31, 2023						Nuna						MNALP						Fargo						Other entities						Total
Revenue						$	165,741					$	395,040					$	117,543					$	7,975					$	686,299
Gross profit						9,622						13,954						25,353						709						49,638
Income (loss) before taxes						1,246						10,869						15,344						(639)						26,820
Net income (loss)						$	1,098					$	10,869					$	14,522					$	(674)					$	25,815

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

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, 2023						December 31, 2022
Accounts receivable						$	41,157					$	65,294
Contract assets						12,019						—
Other assets						350						2,444
Accounts payable and accrued liabilities						15,087						13,773

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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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