XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Investment in Joint Venture | 3 Months Ended
--- | ---
Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract] |
Investment in Joint Venture | Note 8. Investment in Joint Venture We own a 49% investment in a joint venture located in Wuxi, China, 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.
Balance as of December 31, 2017 |  | $ | 39,822 |
Our share of cumulative earnings |  |  | 957 |
Accretion of basis difference from purchase accounting |  |  | (126 | )
Foreign currency translation gain |  |  | 1,457 |
Balance as of March 31, 2018 |  | $ | 42,110 |
We recognized sales to the JV of less than $0.2 million and approximately $0.1 million during the three-month periods ended March 31, 2018 and 2017, respectively. The following tables show selected financial data of the joint venture.
|  | March 31, 2018 |  |  | December 31, 2017 |
Current assets |  | $ | 58,517 |  |  | $ | 47,600 |
Non-current assets |  |  | 32,844 |  |  |  | 24,763 |
Total assets |  | $ | 91,361 |  |  | $ | 72,363 |
Current liabilities |  | $ | 41,504 |  |  | $ | 26,165 |
Total liabilities |  | $ | 41,504 |  |  | $ | 26,165 |
|  | Three Months Ended March 31, |
|  | 2018 |  |  | 2017 |
Net sales |  | $ | 18,003 |  |  | $ | 19,111 |
Cost of sales |  | $ | 15,147 |  |  | $ | 14,436 |
Income from operations |  | $ | 2,508 |  |  | $ | 4,411 |
Net income |  | $ | 1,952 |  |  | $ | 3,689 |

X
- References No definition available. + 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 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
Name: | us-gaap_EquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration