The following table is a summary of the Company’s equity method investment with WHP: | | | | | | | | | | | | | % of Ownership | Balance Sheet Location | July 29, 2023 | | | | (in thousands) | | EXP Topco, LLC | 40% | Equity Method Investment | $ | 166,210 | | |
Summarized financial information related to the Company's equity method investment on a one-month lag is reflected below: | | | | | | | | | | | | | Thirteen Weeks Ended July 29, 20231 | | Twenty-Six Weeks Ended July 29, 20231 | | (in thousands) | | Revenue | $ | 15,842 | | | $ | 27,723 | | | Gross profit | 15,842 | | | 27,723 | | | Operating expenses | 7,478 | | | 12,390 | | | Interest income | (14) | | | (14) | | | Income before taxes | 8,378 | | | 15,347 | | | Net income | $ | 8,040 | | | $ | 14,733 | | | Income attributable to the equity method investment | $ | 6,193 | | | $ | 10,633 | |
1.Reflects a one-month lag | | | | | | | July 29, 20231 | | (in thousands) | | Current assets | $ | 9,094 | | | Non-current assets | 412,207 | | | Total assets | $ | 421,301 | | | Current liabilities | 35,167 | | | Non-current liabilities | — | | | Total liabilities | $ | 35,167 | | | Equity method investment | $ | 166,210 | |
1.Reflects a one-month lag
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