8.	Other Assets

	December 31,
	2014		2013
	(In thousands)
Equity in joint ventures	$	20,004	$	6,308
Deferred financing costs, net		1,570		2,275
Long term receivables		6,513		5,047
Other		10,502		9,026
Total other assets, net	$	38,589	$	22,656

Included in the above caption “Other” is $9.8 million and $8.3 million of assets held in a nonqualified defined contribution pension plan for the years ended December 31, 2014 and 2013, respectively.

Equity Method Investments

In April 2014, we formed a 50/50 joint venture with Gwo Yng Enterprise Co., Ltd., a China-based manufacturer of air conditioner accumulators, filter driers, hose assemblies and switches for the automotive aftermarket and OEM/OES markets. We acquired our 50% interest in the joint venture for $14 million. We determined that due to a lack of a voting majority and other qualitative factors, we do not control the operations of the joint venture and accordingly, our investment in the joint venture is accounted for under the equity method of accounting.

In January 2013, we acquired an approximate 25% minority interest in Orange Electronic Co., Ltd. for $6.3 million. Orange Electronic Co., Ltd. is a manufacturer of tire pressure monitoring system sensors and is located in Taiwan. Our minority interest in Orange Electronic Co., Ltd. is accounted for using the equity method of accounting.