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EQUITY INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2020
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,
202020192018
Average exchange rate (MXN to USD)
19.91 - 23.31
19.11 - 19.42
18.71 - 19.81
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, 2020 and 2019 are as follows (in thousands):
Vasconia due to and due from balancesBalance Sheet LocationDecember 31, 2020December 31, 2019
Amounts due from VasconiaPrepaid expenses and other current assets$55 $63 
Amounts due to VasconiaAccrued expenses and Accounts payable$(91)(77)
Summarized Income Statement Information for Vasconia in USD and MXN
Summarized income statement information for the years ended December 31, 2020, 2019 and 2018, as well as summarized balance sheet information as of December 31, 2020 and 2019, for Vasconia, calculated in accordance with U.S. GAAP, in USD and MXN is as follows:
Year Ended December 31,
202020192018
(in thousands)
USDMXNUSDMXNUSDMXN
Income Statement
Net sales$156,391 $3,330,855 $159,746 $3,074,398 $179,547 $3,456,852 
Gross profit24,947 540,244 34,032 654,342 36,891 711,941 
(Loss) income from operations
(102)6,674 8,620 165,287 11,402 222,115 
Net income5,566 108,678 1,757 28,892 2,887 57,590 
Summarized Balance Sheet Information for Vasconia in USD and MXN
December 31,
20202019
(in thousands)
USDMXNUSDMXN
Balance Sheet
Current assets$94,820 $1,885,323 $94,263 $1,782,170 
Non-current assets$100,140 $1,991,116 110,908 2,096,880 
Current liabilities$69,241 $1,376,742 74,095 1,400,883 
Non-current liabilities$48,419 $962,723 50,037 946,014