v3.25.4
Related Party Transactions
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Related Party Transactions
17.
Related Party Transactions

The Company often provides services to unconsolidated joint ventures and revenues include amounts related to recovering overhead costs for these services. For the years ended December 31, 2025, December 31, 2024 and December 31, 2023, revenues included $194.7 million, $182.6 million, and $213.8 million, respectively, related to services the Company provided to unconsolidated joint ventures.

For the years ended December 31, 2025, December 31, 2024 and December 31, 2023, the Company incurred approximately $137.5 million, $143.2 million, and $153.7 million, respectively, of reimbursable costs. Amounts included in the consolidated balance sheets related to services the Company provided to unconsolidated joint ventures are as follows (in thousands):

 

 

2025

 

 

2024

 

Accounts receivable

 

$

45,116

 

 

$

38,443

 

Contract assets

 

 

29,283

 

 

 

11,540

 

Contract liabilities

 

 

7,297

 

 

 

10,776

 

Amounts presented above for comparable periods have been updated to reflect all unconsolidated joint ventures.