Goodwill

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

During the first quarter the Company completed a reorganization of its structure whereby the Company moved its operations between the Trade and Ethanol segments to enhance operating decisions and assessing performance. On January 1, 2020, the Company moved its Distillers Dried Grains ("DDG") business from the Trade to Ethanol segment. The reorganization resulted in the reassignment of goodwill to the affected reporting units using a relative fair value approach. At the time of the reassignment and allocation, the Company performed an interim review of the carrying value of goodwill at the Trade and Ethanol segments for possible impairment on both a pre and post-reorganization basis. No impairment of goodwill was indicated at the pre-reorganization reporting units.

The changes in the carrying amount of goodwill by reportable segment for the six months ended June 30, 2020 are as follows:

(in thousands)	Trade		Ethanol		Plant Nutrient		Rail		Total
Balance as of January 1, 2020	$	127,781	$	2,726	$	686	$	4,167	$	135,360
Reorganization (a)	(5,714)		5,714		—		—		—
Acquisitions (b)	—		349		—		—		349
Balance as of June 30, 2020	$	122,067	$	8,789	$	686	$	4,167	$	135,709

(a) Reorganization related to move of the DDG business line from the Trade to Ethanol segment.

(b) Acquisitions represent the TAMH acquisitions finalized goodwill allocation.