XML 37 R27.htm IDEA: XBRL DOCUMENT v3.21.2
INVESTMENTS (Tables)
6 Months Ended
Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Summarized Exchange Rate Translation from MXN to USD The Company's proportionate share of Vasconia's net income (loss) has been translated from MXN to USD using the following exchange rates:
Three Months Ended
June 30,
Six Months Ended
June 30,
2021202020212020
Average exchange rate (USD to MXN)
20.02
23.31
20.02 - 20.33
19.91 - 23.31
Summarized Income Statement Information for Vasconia in USD and MXN Summarized income statement information for the three and six months ended June 30, 2021 and 2020 for Vasconia in USD and MXN is as follows (in thousands):
Three Months Ended
June 30,
20212020
USDMXNUSDMXN
Net sales$59,079 $1,182,752 $28,572 $666,012 
Gross profit
15,921 318,737 6,062 141,304 
Income from operations
6,499 130,110 1,414 32,948 
Net income (loss)
2,380 47,661 (1,994)(46,459)
Six Months Ended
June 30,
20212020
USDMXNUSDMXN
Net sales$112,685 $2,272,569 $60,367 $1,299,048 
Gross profit
27,879 561,840 11,469 248,961 
Income from operations
10,283 207,043 864 22,000 
Net income (loss)
1,610 32,000 (572)(18,156)
Schedule of Amounts Due to and Due from Related Parties Current Included within the Company's unaudited condensed consolidated balance sheets were the following amounts due to and due from Vasconia (in thousands):
Vasconia due to and due from balancesBalance Sheet
Location
June 30, 2021December 31, 2020
Amounts due from VasconiaPrepaid expenses and other current assets$87 $55 
Amounts due to VasconiaAccrued expenses and Accounts payable(298)(91)