Goodwill

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

During the first quarter of 2020, the Company completed a reorganization of its structure whereby the Company moved certain of its operations between the Trade and Ethanol segments to enhance operating decisions and assessing performance. 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 and post-reorganization reporting units.

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

(in thousands)	Trade		Ethanol		Plant Nutrient		Rail		Total
Balance at December 31, 2019	$	127,781	$	2,726	$	686	$	4,167	$	135,360
Reorganization (a)	(5,714)		5,714		—		—		—
Acquisitions (b)	—		349		—		—		349
Balance at September 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 finalized goodwill allocation from the TAMH acquisition.