Related Parties (Tables)

9 Months Ended

Sep. 30, 2020

The following table sets forth the related party transactions entered into for the time periods presented:


	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2020		2019		2020		2019
Sales revenues	$	44,789	$	52,875	$	129,143	$	171,897
Service fee revenues (a)	—		2,852		—		11,015
Purchases of product and capital assets	16,641		174,420		38,637		520,091
Lease income (b)	142		1,887		440		5,195
Labor and benefits reimbursement (c)	—		3,513		—		10,973

(a)Prior period service fee revenues include management fees, corn origination fees, ethanol and distillers dried grains ("DDG") marketing fees, and other commissions. In the current period these revenues are now eliminated in consolidation as a result of the TAMH merger.

(b)Prior period lease income includes certain railcars leased to related parties and the lease of the Company’s Albion, Michigan and Clymers, Indiana grain facilities. This income is now eliminated in consolidation as a result of the TAMH merger.

(c)Prior period labor and benefits reimbursement includes all operations labor to the unconsolidated ethanol LLCs. This reimbursement is now eliminated in consolidation as a result of the TAMH merger.


(in thousands)	September 30, 2020		December 31, 2019		September 30, 2019
Accounts receivable (d)	$	7,184	$	10,603	$	23,394
Accounts payable (e)	3,058		12,303		21,201

(d)Accounts receivable represents amounts due from related parties for the sale of ethanol and other various items.

(e)Accounts payable represents amounts due to related parties for purchases of ethanol equipment and other various items.