v3.26.1
Investments (Tables)
6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Income of Unconsolidated Investments
The following table details the Company’s equity in net income of unconsolidated investments (net of tax) for the three-month and six-month periods ended June 30, 2026 and 2025 (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Windfield$165,835 $71,762 $259,127 $126,748 
Other joint ventures(14,271)6,496 (11,270)15,796 
Total$151,564 $78,258 $247,857 $142,544 
Schedule Of Assets Liabilities And Results Of Operations For Unconsolidated Joint Ventures
The following table summarizes the unaudited results of operations for the Windfield joint venture, which met the significant subsidiary test for subsidiaries not consolidated or 50% or less owned persons under Rule 10-01 of Regulation S-X, for the three-month and six-month periods ended June 30, 2026 and 2025 (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Net sales$889,113 $296,020 $1,470,170 $586,439 
Gross profit767,295 169,778 1,220,598 362,482 
Income before income taxes658,794 161,354 1,065,456 306,150 
Net income461,155 112,897 745,819 214,641