Investments in Foreign Joint Ventures (Tables)

9 Months Ended

Sep. 30, 2014

Equity Method Investments And Joint Ventures [Abstract]

Summary of Financial Information of Foreign Joint Ventures

Summary (unaudited) financial information of our foreign joint ventures in U.S. dollars was as follows at September 30, 2014 and December 31, 2013 and the three months and nine months ended September 30, 2014 and 2013 (in thousands):

	BOMAY				MIEFE				AAG
	2014		2013		2014		2013		2014*		2013
Assets:
Total current assets	$	77,458	$	94,220	$	3,932	$	3,855	$	-	$	2,572
Total non-current assets		4,788		5,122		126		114		-		1,550
Total assets	$	82,246	$	99,342	$	4,058	$	3,969	$	-	$	4,122
Liabilities and equity:
Total liabilities	$	53,749	$	72,644	$	2,533	$	1,197	$	-	$	1,291
Total joint ventures’ equity		28,497		26,698		1,525		2,772		-		2,831
Total liabilities and equity	$	82,246	$	99,342	$	4,058	$	3,969	$	-	$	4,122

*As of April 30, 2014, the Company withdrew from the AAG Joint Venture.

	Three Months Ended September 30,
	BOMAY				MIEFE					AAG
	2014		2013		2014		2013			2014*		2013

Revenue	$	9,995	$	17,995	$	1,359	$	1,530		$	-	$	1,434
Gross Profit	$	2,353	$	2,853	$	567	$	372		$	-	$	259
Earnings	$	712	$	1,187	$	158	$	(29	)	$	-	$	(59	)

*As of April 30, 2014, the Company withdrew from the AAG Joint Venture.

	Nine Months Ended September 30,
	BOMAY				MIEFE					AAG
	2014		2013		2014		2013			2014*		2013

Revenue	$	67,209	$	82,986	$	4,571	$	7,021		$	1,078	$	9,433
Gross Profit	$	9,812	$	10,451	$	1,686	$	1,659		$	154	$	3,691
Earnings	$	4,483	$	5,308	$	339	$	356		$	4	$	1,777

Summary of Activity in AEIT's Investment in Foreign Joint Ventures

The following is a summary of activity in investments in foreign joint ventures for the nine months ended September 30, 2014 (unaudited):

	September 30, 2014
	BOMAY**			MIEFE			AAG			TOTAL
	(in thousands)
Investments in foreign joint ventures:
Balance at December 31, 2013	$	10,609		$	1,138		$	1,286		$	13,033
Equity in earnings (loss) in 2014		1,793			139			2			1,934
Dividend distributions in 2014		(1,042	)		(650	)		(830	)		(2,522	)
Foreign currency translation adjustment		(77	)		(98	)		178			3
Withdrawal from joint venture*		-			-			(636	)		(636	)
Investments, end of period	$	11,283		$	529		$	-		$	11,812

Components of investments in foreign joint ventures:
Investment in joint ventures	$	2,033		$	15		$	-		$	2,048
Undistributed earnings		7,896			358			-			8,254
Foreign currency translation		1,354			156			-			1,510
Investments, end of period	$	11,283		$	529		$	-		$	11,812