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EQUITY INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Equity in Earnings, Net of Taxes [Table Text Block]
The Company’s equity in earnings, net of tax, for 2023, 2022 and 2021 are as follows:
Year Ended December 31,
202320222021
(in thousands)
Vasconia equity in earnings, net of taxes $(5,831)$(3,300)$1,769 
Net loss on dilution in Vasconia ownership — — (297)
Net loss on partial sale of Vasconia ownership, net of taxes— — (510)
Impairment on investment in Vasconia(6,834)(6,167)— 
Equity in (losses) earnings, net of taxes
$(12,665)$(9,467)$962 
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,
202320222021
Average exchange rate (MXN to USD)
17.06 - 18.66
19.67 - 20.50
20.01 - 20.74
Summarized Income Statement Information for Vasconia in USD and MXN Summarized income statement information for the years ended December 31, 2023, 2022 and 2021, as well as summarized balance sheet information as of December 31, 2023 and 2022, for Vasconia, calculated in accordance with U.S. GAAP, in USD and MXN is as follows:
Year Ended December 31,
202320222021
(in thousands)
USDMXNUSDMXNUSDMXN
Income Statement
Net sales$173,104 $3,069,162 $240,910 $4,846,328 $240,186 $4,871,845 
Gross profit35,158 622,451 39,874 802,496 52,574 1,064,557 
Loss (income) from operations
(10,944)(192,551)(1,596)(30,323)15,536 313,156 
Net income(23,591)(416,505)(13,207)(262,251)7,017 141,972 
Summarized Balance Sheet Information for Vasconia in USD and MXN
December 31,
20232022
(in thousands)
USDMXNUSDMXN
Balance Sheet
Current assets$117,382 $1,991,347 $129,449 $2,519,905 
Non-current assets152,708 2,590,649 144,356 2,810,082 
Current liabilities186,134 3,157,716 93,112 1,812,546 
Non-current liabilities13,927 236,269 95,065 1,850,568