Investment in equity method investee (Tables)

3 Months Ended

Mar. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Company's distribution and earnings and selected financial data from equity investment

The following reflects the Company's distribution and earnings in the equity investment (in thousands):

	Three months ended
	March 31,
	2020			2019
Distribution received from CP&P	$	(1,600	)	$	(1,500	)
Share of earnings in CP&P	2,816			1,585
Amortization of excess fair value of investment	(18		)	(18		)

Selected financial data for CP&P on a 100% basis is as follows (in thousands):

	Three months ended
	March 31,
	2020		2019
Net sales	$	34,758	$	28,249
Gross profit	10,537		7,954
Income from operations	5,620		3,180
Net income	5,557		3,117