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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 | 12 Months Ended
--- | --- | ---
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020
Foreign currency translation: |  |  |
Investments in foreign joint ventures | $ 12,256 |  | $ 11,897
Accumulated statutory reserves in equity method investments | 2,660 |  | 2,660
Accretion of investment | 32 | $ 43 |
Accumulated accretion | 215 |  | 183
Bomay |  |  |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract] |  |  |
Initial investment | 9,333 | 9,333 | 9,333
Undistributed earnings: |  |  |
Balance at the beginning of the period | 1,908 | 1,257 | 1,257
Equity in earnings | 421 |  | 2,705
Dividend distributions | 0 |  | (2,054)
Balance at end of period | 2,329 |  | 1,908
Foreign currency translation: |  |  |
Balance at the beginning of the period | 656 | $ (69) | (69)
Change during the period | (62) |  | 725
Balance at end of period | 594 |  | 656
Investments in foreign joint ventures | $ 12,256 |  | $ 11,897
Ownership percentage | 40.00% |  |
Basis difference | $ 1,200 |  |
Remaining life of joint venture | 8 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=121586364&loc=d3e3602-108585 + Details
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