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Equity Method Investments (Tables)

6 Months Ended

Jun. 30, 2016

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The Company’s investment in joint ventures is as follows:

		June 30, 2016				December 31, 2015
ICP (30% interest)		$	16,472		(a)	$	18,179
DMI (50% interest)		384				384
		$	16,856			$	18,563

^(a)  During the year to date period ended June 30, 2016, the Company received a $3,300 cash distribution from ICP, which reduced the Company's investment amount in ICP.

Condensed financial information related to the Company’s non-consolidated equity method investment in ICP is shown below.

		Quarter Ended								Year to Date Ended
		June 30, 2016				June 30, 2015				June 30, 2016				June 30, 2015
ICP’s Operating results:
Net sales (a)		$	40,576			$	48,371			$	90,185			$	87,969
Cost of sales and expenses (b)		36,980				37,609				84,866				72,779
Net income		$	3,596			$	10,762			$	5,319			$	15,190

^(a)  Includes related party sales to MGPI of $6,698 and $11,803 for the quarters ended June 30, 2016 and 2015, respectively. Includes related party sales to MGPI of $12,939 and $22,442 for the year to date periods ended June 30, 2016 and 2015, respectively.

^(b)  Includes depreciation and amortization of $747 and $662, and business interruption insurance proceeds of $0 and $4,112, for the quarters ended June 30, 2016 and 2015, respectively. Includes depreciation and amortization of $1,482 and $1,325, and business interruption insurance proceeds of $0 and $4,112, for the year to date periods ended June 30, 2016 and 2015, respectively.

The Company's Equity in Earnings (Loss) of Joint Ventures

The Company’s equity method investment earnings (losses) from joint ventures, based on unaudited financial statements, is as follows:

		Quarter Ended								Year to Date Ended
		June 30, 2016				June 30, 2015				June 30, 2016				June 30, 2015
ICP (30% interest)		$	1,079			$	3,229			$	1,596			$	4,558
DMI (50% interest)		—				(133		)	(a)	—				(110		)	(a)
		$	1,079			$	3,096			$	1,596			$	4,448

^(a) Includes $81 of pre-tax foreign currency translation adjustment.

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571

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