XML 33 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Equity Method Investments (Tables)
9 Months Ended
Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The Company’s investment in joint ventures is as follows:


September 30,
2016

December 31,
2015
ICP (30% interest)

$
17,134

(a) 
$
18,179

DMI (50% interest)

384


384



$
17,518


$
18,563



(a) 
During the year to date period ended September 30, 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
 
Year to Date Ended
 
 
September 30,
2016
 
September 30,
2015
 
September 30,
2016
 
September 30,
2015
ICP’s Operating results:
 
 
 
 
 
 
 
 
Net sales (a)
 
$
44,019

 
$
40,281

 
$
134,204

 
$
128,250

Cost of sales and expenses (b)
 
41,805

 
35,072

 
126,671

 
107,851

Net income
 
$
2,214

 
$
5,209

 
$
7,533

 
$
20,399


(a) 
Includes related party sales to MGPI of $6,700 and $11,123 for the quarters ended September 30, 2016 and 2015, respectively. Includes related party sales to MGPI of $19,639 and $32,332 for the year to date periods ended September 30, 2016 and 2015, respectively.
(b) 
Includes depreciation and amortization of $738 and $662 for the quarters ended September 30, 2016 and 2015, respectively. Includes depreciation and amortization of $2,221 and $1,987, and business interruption insurance proceeds of $0 and $4,112, for the year to date periods ended September 30, 2016 and 2015, respectively.

The Company's Equity in Earnings (Loss) of Joint Ventures
The Company’s equity method investment earnings (losses) from joint ventures, based on unaudited financial statements, is as follows:
 
 
Quarter Ended
 
Year to Date Ended
 
 
 
September 30,
2016
 
September 30,
2015
 
September 30,
2016
 
September 30,
2015
 
ICP (30% interest)
 
$
664

 
$
1,562

 
$
2,260

 
$
6,120

 
DMI (50% interest)
 

 

 

 
(110
)
(a) 
 
 
$
664

 
$
1,562

 
$
2,260

 
$
6,010

 

(a) Includes $81 of pre-tax foreign currency translation adjustment.