Note 7 - Operating Segments.

3 Months Ended

Sep. 30, 2011

Segment Reporting Disclosure [Text Block]

Note 7.  Operating Segments.

The Company’s operations are classified into three reportable segments:  distillery products, ingredient solutions and other. The distillery products segment consists of food grade alcohol, along with fuel grade alcohol, commonly known as ethanol, and distillers feed, which are co-products of our distillery operations.  Ingredient solutions consist of specialty starches and proteins, commodity starch and vital wheat gluten (commodity protein).  The other segment products are comprised of plant-based polymers and composite resins manufactured through the further processing of certain of the Company’s starch and wood particles.

Operating profit (loss) for each segment is based on net sales less identifiable operating expenses.  Non-direct selling, general and administrative, Interest expense, investment income and other general miscellaneous expenses have been excluded from segment operations and classified as Corporate.   Receivables, inventories and equipment have been identified with the segments to which they relate.  All other assets are considered as Corporate.

	Quarter Ended
	September 30, 2011			September 30, 2010
Sales to Customers
Distillery products	$	60,537		$	42,519
Ingredient solutions		15,414			14,070
Other		187			389
Total		76,138			56,978
Depreciation and amortization
Distillery products		1,055			1,087
Ingredient solutions		599			479
Other		61			61
Corporate		672			380
Total		2,387			2,007
Income (Loss) before Income Taxes
Distillery products		379			8,082
Ingredient solutions		1,592			1,420
Other		(112	)		(20	)
Corporate		(7,334	)		(4,450	)
Total	$	(5,475	)	$	5,032
	As of September 30,			As of June 30,
Identifiable Assets	2011			2011
Distillery products	$	64,157		$	56,903
Ingredient solutions		36,941			34,059
Other		1,342			1,415
Corporate		33,326			44,106
Total	$	135,766		$	136,483