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Equity Method Investments (Tables)
3 Months Ended
Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The Company’s investment in joint ventures is as follows:


March 31,
2016

December 31,
2015
ICP (30% interest)

$
15,396

(a) 
$
18,179

DMI (50% interest)

384


384



$
15,780


$
18,563



(a) 
During the quarter ended March 31, 2016, the Company received a $3,300 cash distribution from ICP, which reduced the Company's investment amount in ICP.
Condensed financial information related to the Company’s non-consolidated equity method investment in ICP is shown below.
 
 
Quarter Ended
 
 
March 31,
2016
 
March 31,
2015
ICP’s Operating results:
 
 
 
 
Net sales (a)
 
$
49,609

 
$
39,598

Cost of sales and expenses (b)
 
47,886

 
35,169

Net income
 
$
1,723

 
$
4,429


(a) 
Includes related party sales to MGPI of $6,241 and $8,754 for the quarters ended March 31, 2016 and 2015, respectively.
(b) 
Includes depreciation and amortization of $735 and $662 for the quarters ended March 31, 2016 and 2015, respectively.

The Company's Equity in Earnings (Loss) of Joint Ventures
The Company’s equity method investment earnings from joint ventures, based on unaudited financial statements, is as follows:
 
 
Quarter Ended
 
 
March 31,
2016
 
March 31,
2015
ICP (30% interest)
 
$
517

 
$
1,329

DMI (50% interest)
 

 
23

 
 
$
517

 
$
1,352