8.	Other Assets

	December 31,
	2016		2015
	(In thousands)
Equity in joint ventures	$	19,924	$	20,622
Deferred compensation		10,763		10,675
Long term receivables		1,061		4,215
Deferred financing costs, net		973		1,267
Other		842		659
Total other assets, net	$	33,563	$	37,438

Deferred compensation consists of assets held in a nonqualified defined contribution pension plan as of December 31, 2016 and 2015, respectively.

Equity Method Investments

In April 2014, we formed a 50/50 joint venture with Gwo Yng Enterprise Co., Ltd. (“Gwo Yng”), 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. During the years ended December 31, 2016 and 2015, we made purchases from Gwo Yng of approximately $15.4 million and $15 million, respectively.

In January 2013, we acquired an approximate 25% minority interest in Orange Electronic Co., Ltd. (“Orange”) for $6.3 million. Orange is a manufacturer of tire pressure monitoring system sensors and is located in Taiwan. As of December 31, 2016, our minority interest in Orange of 19.6% is accounted for using the equity method of accounting as we have the ability to exercise significant influence. During the years ended December 31, 2016 and 2015, we made purchases from Orange of approximately $5 million and $4.4 million, respectively.