v3.26.1
Related Party Transactions
6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions
15.
Related Party Transactions

The Company often provides services to unconsolidated joint ventures and revenues include amounts related to recovering costs for these services. Revenues related to services the Company provided to unconsolidated joint ventures for the three months ended June 30, 2026 and June 30, 2025 were $46.7 million and $42.0 million, respectively and for the six months ended June 30, 2026 and June 30, 2025 were $96.3 million and $87.5 million, respectively.

For the three months ended June 30, 2026 and June 30, 2025, the Company incurred reimbursable costs of $34.9 million and $34.0 million, respectively and for the six months ended June 30, 2026 and June 30, 2025 were $67.2 million and $67.8 million, respectively.

 

Amounts included in the consolidated balance sheets related to services the Company provided to unconsolidated joint ventures are as follows (in thousands):

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Accounts receivable

 

$

49,578

 

 

$

45,116

 

Contract assets

 

 

35,701

 

 

 

29,283

 

Contract liabilities

 

 

6,351

 

 

 

7,297