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Investment in Joint Venture (Tables)
 12 Months Ended
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Activity Related to Investment in Joint Venture
The following table summarizes activity related to our investment in the JV.
Balance as of December 31, 2017
$
39,822

Share of earnings
2,543

Dividends declared and paid by joint venture
(2,842
)
Accretion of basis difference from purchase accounting
(343
)
Foreign currency translation loss
(2,227
)
Impairment
(16,589
)
Balance as of December 31, 2018
$
20,364
Summarized Income Statement Information of Unconsolidated Joint Venture
The following tables show selected financial data of the JV.
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
Net sales
 
$
69,901

 
$
74,805

 
$
65,756

Cost of sales
 
57,596

 
57,514

 
44,530

Income from operations
 
6,853

 
13,659

 
16,268

Net income
 
4,646

 
11,442

 
13,702