XML 121 R52.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Related party transactions entered into for the time periods presented        
Sales revenues $ 359,759 $ 259,264 $ 669,464 $ 476,076
Service fee revenues 5,814 [1] 5,393 [1] 11,615 [1] 10,872 [1]
Purchases of product 183,105 145,569 345,060 294,419
Lease income 1,518 [2] 1,855 [2] 3,070 [2] 3,733 [2]
Labor and benefits reimbursement 2,623 [3] 3,010 [3] 5,266 [3] 5,751 [3]
Other expenses 395 [4] 298 [4] 753 [4] 503 [4]
Accounts receivable at June 30 24,149 [5] 22,111 [5] 24,149 [5] 22,111 [5]
Accounts payable at June 30 $ 27,936 [6] $ 20,478 [6] $ 27,936 [6] $ 20,478 [6]
[1] Service fee revenues include management fee, corn origination fee, ethanol and DDG marketing fees, and other commissions.
[2] Lease income includes the lease of the Company’s Albion, Michigan and Clymers, Indiana grain facilities as well as certain railcars to the various ethanol LLCs and IANR.
[3] The Company provides all operational labor to the unconsolidated ethanol LLCs and charges them an amount equal to the Company’s costs of the related services.
[4] Other expenses include payments to IANR for repair facility rent and use of their railroad reporting mark, payment to LTG for the lease of railcars and other various expenses.
[5] Accounts receivable represents amounts due from related parties for sales of corn, leasing revenue and service fees.
[6] Accounts payable represents amounts due to related parties for purchases of ethanol.