v3.25.4
Equity Method Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Combined Balance Sheet Information
The following tables summarize combined balance sheet and income statement information for investments accounted for under the equity method:
 December 31,
 20252024
 (In thousands)
Current assets$691,481 $567,185 
Noncurrent assets66 1,302 
Total Assets$691,547 $568,487 
Total Liabilities$389,212 $285,225 
Owners' equity302,335 283,262 
Total Liabilities and Owners' Equity$691,547 $568,487 
Summary of Combined Income Statement Information
 Year Ended December 31,
 202520242023
 (In thousands)
Revenues$6,564,442 $5,864,628 $5,334,822 
Gross profit$231,036 $198,616 $185,345 
Net income$231,036 $195,256 $181,981 
Reconciliation of Net Income to Equity in Income
Reconciliations of net income per combined income statement information of our investees to equity in income of investees per our consolidated statements of income are as follows:
 Year Ended December 31,
 202520242023
 (In thousands)
Equity income based on stated ownership percentages
$67,148 $55,967 $50,595 
GAAP and other adjustments7,763 (36)212 
Equity in income of investees
$74,911 $55,931 $50,807 
Schedule of Transactions with Unconsolidated Affiliates
Our transactions with unconsolidated affiliates were as follows:
 Year Ended December 31,
 202520242023
 (In thousands)
Sales to$21,951 $23,068 $18,530 
Dividends received$94,265 $45,333 $61,937 
Capital contributions, net of returns$29,677 $197 $—