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Advances to and Investments in Foreign Joint Ventures' Operations (Tables) | 12 Months Ended
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Dec. 31, 2017
Equity Method Investments And Joint Ventures [Abstract] |
Schedule of Financial Information of Foreign Joint Ventures | Sales to foreign joint ventures’ operations are made on an arm’s length basis and intercompany profits, if any, are eliminated in consolidation. Summary financial information of BOMAY and MIEFE in U.S. dollars was as follows at December 31, 2017 and 2016:
| BOMAY |  |  | MIEFE |
| 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total current assets | $ | 50,000 |  |  | $ | 47,700 |  |  | $ | 121 |  |  | $ | 425 |
Total non-current assets |  | 3,457 |  |  |  | 3,589 |  |  |  | 15 |  |  |  | 17 |
Total assets | $ | 53,457 |  |  | $ | 51,289 |  |  | $ | 136 |  |  | $ | 442 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total liabilities | $ | 25,598 |  |  | $ | 24,196 |  |  | $ | 198 |  |  | $ | 551 |
Total joint ventures’ equity |  | 27,859 |  |  |  | 27,093 |  |  |  | (62 | ) |  |  | (109 | )
Total liabilities and equity | $ | 53,457 |  |  | $ | 51,289 |  |  | $ | 136 |  |  | $ | 442 |
| Twelve Months Ended December 31, |
| BOMAY |  |  | MIEFE |
| 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Revenue | $ | 26,168 |  |  | $ | 33,468 |  |  | $ | 89 |  |  | $ | 1,167 |
Gross Profit | $ | 5,654 |  |  | $ | 6,687 |  |  | $ | 23 |  |  | $ | 481 |
Earnings | $ | 1,084 |  |  | $ | 2,010 |  |  | $ | 55 |  |  | $ | (631 | )
Schedule of Activity in Investment in Foreign Joint Ventures | The Company’s investments in and advances to its foreign joint ventures’ operations were as follows as of December 31, 2017 and 2016:
| 2017 |  |  | 2016 |
| BOMAY* |  |  | MIEFE |  |  | TOTAL |  |  | BOMAY* |  |  | MIEFE |  |  | TOTAL |
| (in thousands) |  |  | (in thousands) |
Investments in foreign joint ventures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of year | $ | 2,033 |  |  | $ | 14 |  |  | $ | 2,047 |  |  | $ | 2,033 |  |  | $ | 14 |  |  | $ | 2,047 |
Additional amounts invested and advanced |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Balance, end of year |  | 2,033 |  |  |  | 14 |  |  |  | 2,047 |  |  |  | 2,033 |  |  |  | 14 |  |  |  | 2,047 |
Undistributed earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of year |  | 8,313 |  |  |  | (14 | ) |  |  | 8,299 |  |  |  | 8,098 |  |  |  | (11 | ) |  |  | 8,087 |
Equity in earnings (loss) |  | 434 |  |  |  | - |  |  |  | 434 |  |  |  | 804 |  |  |  | (3 | ) |  |  | 801 |
Dividend distributions |  | (780 | ) |  |  | - |  |  |  | (780 | ) |  |  | (589 | ) |  |  | - |  |  |  | (589 | )
Balance, end of year |  | 7,967 |  |  |  | (14 | ) |  |  | 7,953 |  |  |  | 8,313 |  |  |  | (14 | ) |  |  | 8,299 |
Foreign currency translation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of year |  | 104 |  |  |  | 213 |  |  |  | 317 |  |  |  | 765 |  |  |  | 205 |  |  |  | 970 |
Change, during the year |  | 633 |  |  |  | (3 | ) |  |  | 630 |  |  |  | (661 | ) |  |  | 8 |  |  |  | (653 | )
Balance, end of year |  | 737 |  |  |  | 210 |  |  |  | 947 |  |  |  | 104 |  |  |  | 213 |  |  |  | 317 |
Investments, end of year | $ | 10,737 |  |  | $ | 210 |  |  | $ | 10,947 |  |  | $ | 10,450 |  |  | $ | 213 |  |  | $ | 10,663 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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