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EQUITY INVESTMENTS (Tables) - Grupo Vasconia S.A.B.

12 Months Ended

Dec. 31, 2015

Summarized Income Statement Information for Vasconia in USD and MXN

Summarized income statement information for the years ended December 31, 2015, 2014, and 2013, as well as summarized balance sheet information as of December 31, 2015 and 2014, for Vasconia in USD and MXN is as follows:

		Year Ended December 31,
		2015								2014								2013
		(in thousands)
Income Statement		USD				MXN				USD				MXN				USD				MXN
Net Sales		$	178,832			$	2,824,399			$	188,863			$	2,514,294			$	159,574			$	2,038,200
Gross Profit			33,982				534,285				35,592				474,482				28,775				367,944
Income from operations			10,551				165,507				7,790				103,658				5,438				70,430
Net Income			7,353				117,194				5,328				71,732				4,315				55,077
Adjustments(1)			—				—				1,131				15,679				(1,205	)			(15,630	)
Net Income as reported by Vasconia(2)			7,353				117,194				6,459				87,411				3,110				39,447

(1) Certain adjustments were identified and not recorded in Vasconia’s consolidated financial statements for the year ended December 31, 2013 and were subsequently recorded by Vasconia in the year ended December 31, 2014. The Company recorded its proportionate share of the adjustments, approximately $0.3 million, net of tax, in the correct period in connection with its equity method accounting for its investment in Vasconia.

(2) Vasconia’s consolidated financial statements for the years ended December 31, 2014 and 2013 were included as Exhibit 99.1 to Amendment 1 to the Company’s fiscal year 2014 Form 10-K.

Summarized Balance Sheet Information for Vasconia in USD and MXN

		December 31,
		2015								2014
		(in thousands)
Balance Sheet		USD				MXN				USD				MXN
Current assets		$	100,482			$	1,745,922			$	110,865			$	1,634,154
Non-current assets			87,118				1,513,724				86,888				1,280,723
Current liabilities			38,983				677,355				37,032				545,852
Non-current liabilities			56,339				978,910				58,753				866,022

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Tabular disclosure of summarized financial information for unconsolidated subsidiaries and 50 percent-or-less owned entities accounted for using the equity method of accounting. If investments in common stock of corporate joint ventures or other investments accounted for under the equity method are, in the aggregate, material in relation to the financial position or results of operations of an investor, it may be necessary to present summarized information as to assets of the investee, or group of investments for which combined disclosure is appropriate, either by individual financial statement caption or in groups, as appropriate.

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