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Investment in Joint Venture
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Joint Venture Investment in Joint Venture
We own a 49% investment in Wuxi Weifu Autocam Precision Machinery Company, Ltd. (the “JV”), a joint venture located in Wuxi, China. The JV is jointly controlled and managed, and we account for it under the equity method, with the share of net income from the joint venture recorded in the Mobile Solutions segment.
The following table shows changes in our investment in the JV.
Balance as of December 31, 2021$34,045 
Share of earnings6,592 
Dividends paid by joint venture(6,245)
Foreign currency translation loss(2,590)
Balance as of December 31, 2022$31,802 
The following tables show summarized financial information of the unconsolidated JV.
Year Ended December 31,
202220212020
Net sales101,565 94,846 68,216 
Cost of sales84,654 77,620 56,669 
Income from operations15,111 15,429 10,202 
Net income13,453 12,777 7,401 
December 31,
20222021
Current assets63,141 65,465 
Noncurrent assets79,473 75,222 
Current liabilities66,960 67,206 
Noncurrent liabilities8,695 10,006 
We recognized sales to the JV of $0.1 million, $0.4 million, and $0.1 million during the years ended December 31, 2022, 2021, and 2020, respectively. Amounts due to us from the JV as of December 31, 2022 were $0.1 million.