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Equity Method Investments (Tables)
9 Months Ended
Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
Condensed financial information related to the Company’s non-consolidated equity method investment in ICP is shown below.
 
 
Quarter Ended
 
Year to Date Ended
 
 
September 30,
2015
 
September 30,
2014
 
September 30,
2015
 
September 30,
2014
ICP’s Operating results:
 
 
 
 
 
 
 
 
Net sales (a)
 
$
40,281

 
$
53,813

 
$
128,250

 
$
185,460

Cost of sales and expenses (b)
 
35,072

 
48,467

 
107,851

 
155,214

Net income
 
$
5,209

 
$
5,346

 
$
20,399

(c) 
$
30,246


(a) 
Includes related party sales to MGPI of $8,680 and $9,287 for the quarters ended September 30, 2015 and 2014, respectively, and $27,195 and $23,905 for the year to date periods ended September 30, 2015 and 2014, respectively.
(b) 
Includes depreciation and amortization of $662 and $738 for the quarters ended September 30, 2015 and 2014, respectively, and depreciation and amortization of $1,987 and $2,100.
(c) 
Includes business interruption insurance proceeds of $4,112 for the year to date period ended September 30, 2015.

The Company’s investment in joint ventures is as follows:


September 30,
2015

December 31,
2014
 
ICP (30% interest)

$
18,043

(a) 
$
11,924

 
DMI (50% interest)

384

(b) 
449

 


$
18,427


$
12,373

 


(a) 
Includes effect of business interruption insurance proceeds on ICP earnings of $1,230 ($4,112 x 30% interest) for the year to date period ended September 30, 2015.
(b) 
Includes effect of $81 pre-tax foreign currency translation adjustment on DMI loss for the year to date period ended September 30, 2015 discussed above in Realizability of DMI Investment.
The Company's Equity in Earnings (Loss) of Joint Ventures
The Company’s equity method investment earnings (loss) from joint ventures, based on unaudited financial statements, is as follows:
 
 
Quarter Ended
 
Year to Date Ended
 
 
September 30,
2015
 
September 30,
2014
 
September 30,
2015
 
September 30,
2014
ICP (30% interest)
 
$
1,562

 
$
1,604

 
$
6,120

(a) 
$
7,192

DMI (50% interest)
 

 
17

 
(110
)
(b) 
95

 
 
$
1,562

 
$
1,621

 
$
6,010

 
$
7,287


(a) 
Earnings include business interruption insurance proceeds of $1,230 ($4,112 x 30% interest) for the year to date period ended September 30, 2015.
(b) 
Loss includes $81 pre-tax foreign currency translation adjustment for the year to date period ended September 30, 2015 discussed above in Realizability of DMI Investment.