v3.26.3
Related Party Transactions
9 Months Ended
Sep. 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 September 30, 2026 and September 30, 2025 were $44.8 million and $56.9 million, respectively and for the nine months ended September 30, 2026 and September 30, 2025 were $141.1 million and $144.3 million, respectively.

For the three months ended September 30, 2026 and September 30, 2025, the Company incurred reimbursable costs of $33.5 million and $36.4 million, respectively and for the nine months ended September 30, 2026 and September 30, 2025 were $100.8 million and $104.2 million, respectively.

 

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

 

 

 

September 30, 2026

 

 

December 31, 2025

 

Accounts receivable

 

$

48,045

 

 

$

45,116

 

Contract assets

 

 

22,111

 

 

 

29,283

 

Contract liabilities

 

 

6,160

 

 

 

7,297