XML 27 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments
3 Months Ended
Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Investments
Investments

On December 23, 2016, the Company acquired a 25.0% equity interest in Ruby Sketch Pty Ltd. (“Ruby Sketch”), an Australian proprietary limited company, for $2.5 million, for which the Company accounts for its ownership interest using the equity accounting method. Ruby Sketch develops software that assists in designing residential structures, primarily used in Australia, and potentially for the North America market. The Company has no obligation to make any additional capital contributions to Ruby Sketch.

For the three months ended March 31, 2018 and 2017, the Company recorded an equity loss of $24 thousand and $28 thousand, respectively. The carrying amount of the investment as of March 31, 2018 and December 31, 2017 was $2.5 million.