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Investments (Tables)
12 Months Ended
Dec. 31, 2015
Investments [Abstract]  
Schedule of investments

 

 

 

 

 

 

 

 

 

 

 

Years Ending December 31, 2015 and 2014 (in thousands)

 

WMES

 

CASC
Willis

    

Total

 

Investment in joint ventures as of December 31, 2013

 

$

23,485

 

$

 —

 

$

23,485

 

Investment

 

 

2,623

 

 

15,000

 

 

17,623

 

Earnings (losses) from joint ventures

 

 

1,303

 

 

(82)

 

 

1,221

 

Amortization of deferred gain

 

 

108

 

 

 —

 

 

108

 

Distribution

 

 

(847)

 

 

 —

 

 

(847)

 

Investment in joint ventures as of December 31, 2014

 

$

26,672

 

$

14,918

 

$

41,590

 

Investment

 

 

630

 

 

 —

 

 

630

 

Earnings (losses) from joint ventures

 

 

1,167

 

 

(99)

 

 

1,068

 

Amortization of deferred gain

 

 

107

 

 

 —

 

 

107

 

Distribution

 

 

(1,304)

 

 

 —

 

 

(1,304)

 

Foreign Currency Translation Adjustment

 

 

 —

 

 

(796)

 

 

(796)

 

Investment in joint ventures as of December 31, 2015

 

$

27,272

 

$

14,023

 

$

41,295

 

 

Summarized financial information

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

    

2015

    

2014

    

2013

 

 

(in thousands)

Revenue

 

$

26,909

 

$

25,757

 

$

16,312

Expenses

 

 

24,574

 

 

23,150

 

 

15,538

WMES net income

 

$

2,335

 

$

2,607

 

$

774

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

    

December 31,

 

 

 

 

 

 

2015

 

2014

 

 

 

 

 

(in thousands)

Total assets

 

 

 

 

$

256,126

 

$

268,924

Total liabilities

 

 

 

 

 

195,258

 

 

209,044

Total WMES net equity

 

 

 

 

$

60,868

 

$

59,880