Investment in Non-Consolidated Joint Venture

3 Months Ended

Mar. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Investment in Non-Consolidated Joint Venture

Note 11. Investment in Non-Consolidated Joint Venture

As part of the Autocam acquisition, we own a 49% investment in a joint venture with an unrelated entity called Wuxi Weifu Autocam Precision Machinery Company, Ltd. (the “JV”), a Chinese company located in Wuxi, China. The JV is jointly controlled and managed, and is being accounted for under the equity method.

Below are the components of our JV investment balance and activity for the period ending March 31, 2017:

Balance as of December 31, 2016	$	40,694
Our share of cumulative earnings		1,807
Accretion of basis difference from purchase accounting		(114	)
Balance as of March 31, 2017	$	42,387

The following table summarizes balance sheet information for the JV:

	March 31, 2017		December 31, 2016
Current assets	$	37,441	$	31,295
Non-current assets		23,463		22,522
Total assets	$	60,904	$	53,817
Current liabilities	$	15,853	$	13,549
Total liabilities	$	15,853	$	13,549

We had sales to the JV of approximately $0.1 million during the three months ended March 31, 2017. Amounts due to us from the JV were $0.1 million as of March 31, 2017.