Operating Segments

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Operating Segments

NOTE 11: OPERATING SEGMENTS

As of December 31, 2013, the Company’s operations were classified into three reportable segments:  distillery products, ingredient solutions and other. On February 8, 2013, the Company sold all of the assets included in its other segment, or its bioplastics manufacturing business, including all of the Company’s assets at its bioplastics manufacturing facility in Onaga, Kansas and certain assets of the Company’s extruder bio-resin laboratory located in Atchison, Kansas.  The sale was initiated by the buyer and, up until near the time of close, there was uncertainty that the buyer would obtain financing.  The sales price totaled $2,797 and resulted in a gain, net of tax, of approximately $878 that was recognized as a gain on sale of discontinued operations for the year ended December 31, 2013. The remaining income statement activity for the year ended December 31, 2013 and 2012 are not presented as discontinued operations due to their immateriality relative to the consolidated financial statements as a whole.

The distillery products segment consists of food grade alcohol, along with fuel grade alcohol and distillers feed, which are by-products of our distillery operations. Ingredient solutions consists of specialty starches and proteins, commodity starch and vital wheat gluten (commodity protein).  The other segment products were comprised of resins and plant-based polymers and composites manufactured through the further processing of certain of our proteins and starches and wood.

Operating profit (loss) for each segment is based on net sales less identifiable operating expenses.  Non-direct selling, general and administrative expenses, interest expense, earnings from our equity method investments 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.

	Year Ended December 31,
	2013			2012
Net sales to customers:
Distillery products	$	264,098		$	276,690
Ingredient solutions	58,967			56,488
Other(i)	199			1,157
Total	$	323,264		$	334,335
Depreciation and amortization:
Distillery products	$	8,209		$	5,662
Ingredient solutions	2,322			2,427
Other(i)	21			244
Corporate	1,457			3,235
Total	$	12,009		$	11,568
Income (loss) from continuing operations before income taxes:
Distillery products	$	11,987		$	14,874
Ingredient solutions	4,503			5,217
Other(i)	(90		)	(429		)
Corporate	(22,921		)	(21,775		)
Gain on sale of joint venture interest (ii)	—			4,055
Total	$	(6,521	)	$	1,942

⁽ⁱ⁾  Assets from this segment were sold February 8, 2013 as previously described.

⁽ⁱⁱ⁾  The Company’s management reporting does not assign or allocate special charges to the Company’s operating segments.  For purposes of comparative analysis, gain on sale of joint venture interest for the year ended December 31, 2012 has been excluded from the Company’s segments.

	December 31,
	2013		2012
Identifiable Assets
Distillery products	$	97,875	$	107,140
Ingredient solutions	24,954		27,038
Other(i)	—		1,247
Corporate	28,500		27,746
Total	$	151,329	$	163,171

⁽ⁱ⁾Assets from this segment were sold February 8, 2013 as previously described.

Information about the Company's capital expenditures, by segment, is as follows:

	Year Ended December 31,
	2013		2012
Distillery products	$	5,594	$	7,422
Ingredient solutions	1,110		1,078
Other (i)	—		20
Corporate	1,179		1,187
Total	$	7,883	$	9,707

⁽ⁱ⁾ Significant assets from this segment were sold February 8, 2013 as previously described.

Revenue from foreign sources totaled $12,665 and $18,957, for the years ended December 31, 2013 and 2012, respectively, and is largely derived from Japan and Canada.  There is an immaterial amount of assets located in foreign countries.