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Investments in Foreign Joint Ventures - Schedule of Activity in Investment in Foreign Joint Ventures (Details) - USD ($) $ in Thousands | 3 Months Ended | 8 Months Ended |
--- | --- | --- | ---
Mar. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019
Foreign currency translation: |  |  |
Investments in foreign joint ventures | $ 10,120 | $ 10,120 | $ 10,521
Accumulated statutory reserves in equity method investments | 2,710 | 2,710 |
Accretion of investment | 43 |  |
Accumulated accretion | 97 | 97 |
Bomay |  |  |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract] |  |  |
Balance at the beginning of the year |  | 9,333 |
Undistributed earnings: |  |  |
Balance at the beginning of the year |  | 1,257 |
Equity in earnings |  | (114) |
Dividend distributions |  | 0 |
Balance at end of period | 1,143 | 1,143 |
Foreign currency translation: |  |  |
Balance at the beginning of the year |  | (69) |
Change during the period |  | (287) |
Balance at end of period | (356) | (356) |
Investments in foreign joint ventures | $ 10,120 | $ 10,120 |
Ownership percentage | 40.00% | 40.00% |
Basis difference | $ 1,000 | $ 1,000 |
Remaining life of joint venture | 9 years |  |

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- Definition The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585 + Details
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