XML 37 R28.htm IDEA: XBRL DOCUMENT v3.22.1
INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Exchange Rate Translation from MXN to USD The Company’s proportionate share of Vasconia’s net income (loss) has been translated from MXN to USD using the following exchange rates:
Three Months Ended
March 31,
20222021
Average exchange rate (USD to MXN)
20.50
20.33
Summarized Income Statement Information for Vasconia in USD and MXN Summarized income statement information for the three months ended March 31, 2022 and 2021 for Vasconia in USD and MXN is as follows (in thousands):
Three Months Ended
March 31,
20222021
USDMXNUSDMXN
Net sales$64,318 $1,318,513 $53,606 $1,089,817 
Gross profit
14,420 295,618 11,958 243,103 
Income from operations
4,685 96,040 3,784 76,933 
Net income (loss)
1,731 35,479 (770)(15,661)
Schedule of Amounts Due to and Due from Related Parties Current Included within the Company's unaudited condensed consolidated balance sheets were the following amounts due to and due from Vasconia (in thousands):
Vasconia due to and due from balancesBalance Sheet LocationMarch 31, 2022December 31, 2021
Amounts due from VasconiaPrepaid expenses and other current assets$57 $80 
Amounts due to VasconiaAccrued expenses and Accounts payable(105)(146)