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EQUITY INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Summary of Exchange Rate Translation
The Company's proportionate share of Vasconia's net income (loss) has been translated from MXN to USD using the following exchange rates:
Year Ended December 31, 2019
201920182017
Average exchange rate (MXN to USD)
19.11 - 19.42
18.71 - 19.81
17.81 - 20.30
Equity Method Investments Schedule of Amounts Due to and Due from Related Parties Current
The amounts due to and due from Vasconia as of December 31, 2019 and 2018 are as follows (in thousands):
Vasconia due to and due from balancesBalance Sheet LocationDecember 31, 2019December 31, 2018
Amounts due from VasconiaPrepaid expenses and other current assets$63  $95  
Amounts due to VasconiaAccrued expenses and Accounts payable(77) —  
Summarized Income Statement Information for Vasconia in USD and MXN
Summarized income statement information for the years ended December 31, 2019, 2018 and 2017, as well as summarized balance sheet information as of December 31, 2019 and 2018, for Vasconia, calculated in accordance with U.S. GAAP, in USD and MXN is as follows:
Year Ended December 31,
201920182017
(in thousands)
USDMXNUSDMXNUSDMXN
Income Statement
Net sales$159,746  $3,074,398  $179,547  $3,456,852  $167,283  $3,157,671  
Gross profit34,032  654,342  36,891  711,941  34,626  655,186  
Income from operations8,620  165,287  11,402  222,115  10,475  199,170  
Net income1,757  28,892  2,887  57,590  1,164  23,983  
Summarized Balance Sheet Information for Vasconia in USD and MXN
December 31,
20192018
(in thousands)
USDMXNUSDMXN
Balance Sheet
Current assets$94,263  $1,782,170  $96,135  $1,888,602  
Non-current assets110,908  2,096,880  86,279  1,694,969  
Current liabilities74,095  1,400,883  64,831  1,273,619  
Non-current liabilities50,037  946,014  32,261  633,772