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Investment in Joint Venture
 12 Months Ended
Dec. 31, 2022
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., 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, 2022$31,802 
Share of earnings5,806 
Dividends paid by joint venture(3,938)
Foreign currency translation loss(969)
Balance as of December 31, 2023$32,701 
The following tables show summarized financial information of the unconsolidated JV.
Year Ended December 31,
202320222021
Net sales109,630 101,565 94,846 
Cost of sales93,609 84,654 77,620 
Income from operations14,175 15,111 15,429 
Net income11,848 13,453 12,777 
December 31,
20232022
Current assets68,508 63,141 
Noncurrent assets77,554 79,473 
Current liabilities68,665 66,960 
Noncurrent liabilities8,662 8,695 
We recognized sales to the JV of $0, $0.1 million, and $0.4 million during the years ended December 31, 2023, 2022, and 2021, respectively.