XML 70 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Investment in Non-Consolidated Joint Venture | 9 Months Ended
--- | ---
Sep. 30, 2014
Equity Method Investments and Joint Ventures [Abstract] |
Investment in Non-Consolidated Joint Venture | Note 14. Investment in Non-Consolidated Joint Venture As part of the Autocam acquisition, we acquired a 49% investment in a joint venture with an unrelated entity called Wuxi Weifu Autocam Precision Machinery Company, Ltd. (“JV”), a Chinese company located in the city of Wuxi, China. As part of the purchase price allocation, the joint venture investment has been stated at a preliminary fair value of $35,595 determined by a market based multiple of earnings before interest, taxes, depreciation and amortization and a discounted cash flows analysis. The JV is jointly controlled and managed and is being accounted for under the equity method. Below are the components of our JV investment balance at September 30, 2014 since the date of acquisition August 29, 2014:
Beginning Balance |  | $ | 35,595 |
Dividends received |  |  | (2,538 | )
Our share of cumulative earnings |  |  | 291 |
Ending Balance |  | $ | 33,348 |
Set forth below is summarized balance sheet information for the JV:
|  | September 30, 2014 |  |  | December 31, 2013 |
Current assets |  | $ | 21,366 |  |  | $ | 21,488 |
Non-current assets |  |  | 20,176 |  |  |  | 19,106 |
Total assets |  | $ | 41,542 |  |  | $ | 40,594 |
Current liabilities |  | $ | 12,387 |  |  | $ | 13,477 |
Total liabilities |  | $ | 12,387 |  |  | $ | 13,477 |
There were no amounts due to us from the JV or sales made to the JV since the acquisition of Autocam on August 29, 2014.

X
- Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: 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=6382943&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=35687916&loc=d3e32787-111569 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=35687916&loc=d3e32847-111569 + Details
Name: | us-gaap_EquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration