Equity Method Investments (Tables)

9 Months Ended

Sep. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

The Company’s investment in joint ventures is as follows:



	September 30, 2014		December 31, 2013
ICP (26.4% interest) (a)	$	13,845	$	6,653
DMI (50% interest)	519		470
	$	14,364	$	7,123


(a)	The cumulative effect of the change in estimate was a decrease in equity interest in ICP of $1,882, which effectively reduced the Company's investment in ICP from 30 percent to 26.4 percent at September 30, 2014.

Condensed financial information related to the Company’s non-consolidated equity method investment in ICP is shown below.



	Quarter Ended					Year to Date Ended
	September 30, 2014		September 30, 2013			September 30, 2014		September 30, 2013
ICP’s Operating results:
Net sales (a)	$	53,813	$	52,580		$	185,460	$	146,807
Cost of sales and expenses (b)	48,467		53,165			155,214		150,279
Net income (loss)	$	5,346	$	(585	)	$	30,246	$	(3,472	)


(a)	Includes related party sales to MGPI of $9,287 and $110 for the quarters ended September 30, 2014 and 2013, respectively, and $23,905 and $3,510 for the year to date periods ended September 30, 2014 and 2013, respectively.


(b)	Includes depreciation and amortization of $738 and $1,171 for the quarters ended September 30, 2014 and 2013, respectively, and $2,100 and $3,511 for the year to date periods ended September 30, 2014 and 2013, respectively.

The Company's Equity in Earnings (Loss) of Joint Ventures

The Company’s equity method investment earnings (loss) of joint ventures based on unaudited financial statements is as follows:



	Quarter Ended					Year to Date Ended
	September 30, 2014		September 30, 2013			September 30, 2014		September 30, 2013
ICP (a)	$	1,604	$	(135	)	$	7,192	$	(1,042	)
DMI (50% interest)	17		44			95		80
	$	1,621	$	(91	)	$	7,287	$	(962	)

(a)

The cumulative effect of the change in estimate for the year to date period ended September 30, 2014 was a decrease in equity method investment earnings of $1,882, which reduced the joint venture investment earnings for the same period to 23.8 percent. The joint venture investment earnings for the quarter ended September 30, 2014 was 30 percent, as well as for the quarter and year to date periods ended September 30, 2013.