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Investment in Joint Venture | 9 Months Ended
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Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract] |
Investment in Joint Venture | Note 12. Investment in Joint Venture We own a 49% investment in a joint venture located in Wuxi, China, with an unrelated entity called Wuxi Weifu Autocam Precision Machinery Company, Ltd. (the “JV”). The JV is jointly controlled and managed, and we account for it under the equity method. The following table summarizes activity related to our investment in the JV for the nine months ended September 30, 2017.
Balance as of December 31, 2016 |  | $ | 36,008 |
Our share of cumulative earnings |  |  | 4,481 |
Dividends declared and paid by joint venture |  |  | (4,156 | )
Accretion of basis difference from purchase accounting |  |  | (342 | )
Foreign currency translation gain |  |  | 1,748 |
Balance as of September 30, 2017 |  | $ | 37,739 |
The following table summarizes balance sheet information of the JV itself.
|  | September 30, 2017 |  |  | December 31, 2016 |
Current assets |  | $ | 41,367 |  |  | $ | 31,295 |
Non-current assets |  |  | 29,176 |  |  |  | 22,522 |
Total assets |  | $ | 70,543 |  |  | $ | 53,817 |
Current liabilities |  | $ | 26,746 |  |  | $ | 13,549 |
Total liabilities |  | $ | 26,746 |  |  | $ | 13,549 |
We recognized sales to the JV of less than $0.1 million and approximately $0.2 million during the three-month and nine-month periods ended September 30, 2017. Amounts due to us from the JV were less than $0.1 million as of September 30, 2017, and are included in accounts receivable.

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- 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 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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