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Equity Method Investments (Tables)
 9 Months Ended
Sep. 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
 
 
September 30,
2017
 
September 30,
2016
 
September 30,
2017
 
September 30,
2016
ICP’s Operating results:
 
 
 
 
 
 
 
 
Net sales (a)
 
$
—

 
$
44,019

 
$
78,062

 
$
134,204

Cost of sales and expenses (b)
 
—

 
41,805

 
79,224

 
126,671

Net income (loss)
 
$
—

(c) 
$
2,214

 
$
(1,162
)
(c) 
$
7,533


(a) 
Includes related party sales to MGPI of $0 and $6,700 for the quarters ended September 30, 2017 and 2016, respectively. Includes related party sales to MGPI of $17,672 and $19,639 for the year to date periods ended September 30, 2017 and 2016, respectively.
(b) 
Includes depreciation and amortization of $0 and $738 for the quarters ended September 30, 2017 and 2016, respectively. Includes depreciation and amortization of $1,720 and $2,221 for the year to date periods ended September 30, 2017 and 2016, respectively.
(c) 
The Company's equity method investment in ICP ended on July 3, 2017, when it completed the sale of its 30 percent equity ownership interest.

The Company’s equity method investment earnings (loss) and gain on sale of equity method investment, based on unaudited financial statements, was as follows:
 
 
Quarter Ended
 
Year to Date Ended
 
 
 
September 30,
2017
 
September 30,
2016
 
September 30,
2017
 
September 30,
2016
 
Gain on sale of equity method investment
 
$
11,381

(a) 
$
—

 
$
11,381

(a) 
$
—

 
ICP (30% interest)
 
—

 
664

 
(348
)
 
2,260

 
 
 
$
11,381

 
$
664

 
$
11,033

 
$
2,260

 

(a) 
The Company's equity method investment in ICP ended on July 3, 2017, when it completed the sale of its 30 percent equity ownership interest.

The Company’s equity method investment was as follows:


September 30,
2017

December 31,
2016
 
ICP (30% interest)(a)

$
—


$
18,934

 


(a) The Company's equity method investment in ICP ended on July 3, 2017, when it completed the sale of its 30 percent equity ownership interest.