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Equity Method Investments (Tables)
3 Months Ended
Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The Company’s investment in joint ventures is as follows:


March 31,
2017

December 31,
2016
ICP (30% interest)

$
19,403


$
18,934

DMI (50% interest)(a)






$
19,403


$
18,934



(a) The Company's equity method investment in DMI ended on December 23, 2016, when it received a return of its investment.
Condensed financial information related to the Company’s non-consolidated equity method investment in ICP is shown below.
 
 
Quarter Ended
 
 
March 31,
2017
 
March 31,
2016
ICP’s Operating results:
 
 
 
 
Net sales (a)
 
$
38,385

 
$
49,609

Cost of sales and expenses (b)
 
36,814

 
47,886

Net income
 
$
1,571

 
$
1,723


(a) 
Includes related party sales to MGPI of $8,657 and $6,241 for the quarters ended March 31, 2017 and 2016, respectively.
(b) 
Includes depreciation and amortization of $858 and $735 for the quarters ended March 31, 2017 and 2016, 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,
2017
 
March 31,
2016
ICP (30% interest)
 
$
471

 
$
517

DMI (50% interest)(a)
 

 

 
 
$
471

 
$
517


(a) 
The Company's equity method investment in DMI ended on December 23, 2016, when it received a return of its investment.