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Investment in Joint Venture (Tables)
12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Activity Related to Investment in Joint Venture
The following table shows changes in our investment in the JV.
Balance as of December 31, 2023$32,701 
Share of earnings9,571 
Dividends paid by joint venture(6,260)
Foreign currency translation loss(1,041)
Balance as of December 31, 2024$34,971 
Investment Company, Nonconsolidated Subsidiary, Summarized Financial Information
The following tables show summarized financial information of the unconsolidated JV.
Year Ended December 31,
202420232022
Net sales130,807 109,630 101,565 
Cost of sales106,166 93,609 84,654 
Income from operations22,790 14,175 15,111 
Net income19,533 11,848 13,453 
December 31,
20242023
Current assets84,409 68,508 
Noncurrent assets73,399 77,554 
Current liabilities76,859 68,665 
Noncurrent liabilities7,639 8,662