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Operating Segments
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Operating Segments
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 and distillers feed, which are co-products of the Company’s 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 proteins and starches and wood. As further discussed in Note 9. Sale of Bioplastics Manufacturing Business, on February 8, 2013, the Company sold this business through a sale of assets included in the other segment.

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
 
Year to Date Ended
 
 
June 30,
2013
 
June 30,
2012
 
June 30, 2013
 
June 30, 2012
Net Sales to Customers
 
 
 
 
 
 
 
 
Distillery products
 
$
63,912

 
$
71,196

 
$
134,716

 
$
143,681

Ingredient solutions
 
15,483

 
14,090

 
30,885

 
27,668

Other
 

 
248

 
198

 
529

Total
 
79,395

 
85,534

 
165,799

 
171,878

Depreciation and Amortization
 
 
 
 
 


 
 
Distillery products
 
2,037

 
1,812

 
4,038

 
3,624

Ingredient solutions
 
585

 
650

 
1,170

 
1,304

Other
 

 
62

 
20

 
123

Corporate
 
361

 
384

 
723

 
792

Total
 
2,983

 
2,908

 
5,951

 
5,843

Income (Loss) from Continuing Operations before Income Taxes
 
 
 
 
 
 
 
 
Distillery products
 
3,136

 
3,762

 
7,483

 
6,448

Ingredient solutions
 
875

 
987

 
2,665

 
2,624

Other
 

 
(150
)
 
(90
)
 
(246
)
Corporate
 
(3,706
)
 
(5,517
)
 
(9,682
)
 
(11,803
)
Gain on sale of assets and joint venture interest(i)
 

 

 

 
4,055

Total
 
$
305

 
$
(918
)
 
$
376

 
$
1,078


(i)
The Company’s management reporting does not assign or allocate special charges to the Company’s operating segments.   For purposes of comparative analysis, the gain on sale of joint venture interest for the year to date period ended June 30, 2012 has been excluded from the Company’s segments.

 
 
As of June 30, 2013
 
As of December 31, 2012
Identifiable Assets
 
 
 
 
Distillery products
 
$
105,855

 
$
107,140

Ingredient solutions
 
27,211

 
27,038

Other
 
22

 
1,247

Corporate
 
25,432

 
27,746

Total
 
$
158,520

 
$
163,171