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Investments
3 Months Ended
Mar. 31, 2017
Investments [Abstract]  
Investments



(15) Investments

 

Minda Stoneridge Instruments Ltd.

 

The Company has a 49% interest in Minda Stoneridge Instruments Ltd. (“Minda”), a company based in India that manufactures electronics, instrumentation equipment and sensors primarily for the motorcycle and commercial vehicle market. The investment is accounted for under the equity method of accounting. The Company's investment in Minda, recorded as a component of investments and other long-term assets, net on the condensed consolidated balance sheets, was $8,514 and $7,952 at March 31, 2017 and December 31, 2016, respectively. Equity in earnings of Minda included in the condensed consolidated statements of operations was $180 and $143, for the three months ended March 31, 2017 and 2016, respectively.     







PST Eletrônica Ltda.

 

The Company has a 74% controlling interest in PST. Noncontrolling interest in PST increased to $14,489 at March 31, 2017 due to comprehensive income of $727 resulting from a favorable change in foreign currency translation of $757 partially offset by a proportionate share of its net loss of $30 for the three months ended March 31, 2017. Noncontrolling interest in PST increased to $13,370 at March 31, 2016 due to comprehensive income of $60 resulting from a favorable change in foreign currency translation of $1,190 partially offset by a proportionate share of its net loss of $1,130 for the three months ended March 31, 2016.



PST has dividends payable declared in previous years to noncontrolling interest of $10,842 Brazilian real ($3,472) at March 31, 2017.