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Equity Method Investments (Tables)
6 Months Ended
Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
Condensed financial information related to the Company’s non-consolidated equity method investment in ICP is shown below.
 
 
Quarter Ended
 
Year to Date Ended
 
 
June 30,
2017
 
June 30,
2016
 
June 30,
2017
 
June 30,
2016
ICP’s Operating results:
 
 
 
 
 
 
 
 
Net sales (a)
 
$
39,677

 
$
40,576

 
$
78,062

 
$
90,185

Cost of sales and expenses (b)
 
42,410

 
36,980

 
79,224

 
84,866

Net income
 
$
(2,733
)
 
$
3,596

 
$
(1,162
)
 
$
5,319


(a) 
Includes related party sales to MGPI of $9,015 and $6,698 for the quarters ended June 30, 2017 and 2016, respectively. Includes related party sales to MGPI of $17,672 and $12,939 for the year to date periods ended June 30, 2017 and 2016, respectively.
(b) 
Includes depreciation and amortization of $862 and $747 for the quarters ended June 30, 2017 and 2016, respectively. Includes depreciation and amortization of $1,720 and $1,482 for the year to date periods ended June 30, 2017 and 2016, respectively.

The Company’s equity method investment earnings (loss) from joint ventures, based on unaudited financial statements, is as follows:
 
 
Quarter Ended
 
Year to Date Ended
 
 
 
June 30,
2017
 
June 30,
2016
 
June 30,
2017
 
June 30,
2016
 
ICP (30% interest)
 
$
(819
)
 
$
1,079

 
$
(348
)
 
$
1,596

 
DMI (50% interest)(a)
 

 

 

 

(a) 
 
 
$
(819
)
 
$
1,079

 
$
(348
)
 
$
1,596

 

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

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


June 30,
2017

December 31,
2016
 
ICP (30% interest)

$
11,152

(a) 
$
18,934

(a) 


(a) During the year to date periods ended June 30, 2017 and 2016, the Company received cash distributions from ICP of $7,430 and $3,300, respectively. The Company's portions of the cash distributions totaling $7,430, were recorded in the Condensed Consolidated Balance Sheets as cash and returns on investment. In the Condensed Consolidated Statements of Cash Flows, $7,131 of the cash distributions received in the year to date period ended June 30, 2017 was recorded as a return on investment. The balance of $299 was recorded as a return of investment because, since the inception of the investment, total dividends received exceeded total equity earnings by this amount (see Note 10). The cash distribution of $3,300 received in the year to date period ended June 30, 2016 was a return on investment.