Operating Segments

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Operating Segments

NOTE 11: OPERATING SEGMENTS

The Company’s operations were historically classified into three reportable segments:  distillery products and ingredient solutions and other. 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 are not presented as discontinued operations due to their immateriality relative to the consolidated financial statements as a whole. At December 31, 2014, the Company had two remaining segments: distillery products and ingredient solutions.

The distillery products segment consists of food grade alcohol, along with fuel grade alcohol, distillers feed, and corn oil, which are co-products of our distillery operations. Ingredient solutions consists of specialty starches and proteins, commodity starch and commodity proteins.  The other segment products were resins, 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, other special charges 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,
	2014			2013
Net sales to customers:
Distillery products	$	256,561		$	264,098
Ingredient solutions	56,842			58,967
Other(a)	—			199
Total	$	313,403		$	323,264
Gross profit:
Distillery products	$	22,332		$	14,309
Ingredient solutions	6,099			6,986
Other(a)	—			(56		)
Total	$	28,431		$	21,239
Depreciation and amortization:
Distillery products	$	8,510		$	8,209
Ingredient solutions	2,316			2,322
Other(a)	—			21
Corporate	1,499			1,457
Total	$	12,325		$	12,009
Income (loss) from continuing operations before income taxes:
Distillery products	$	28,701		$	11,987
Ingredient solutions	3,939			4,503
Other(a)	—			(90		)
Corporate	(6,700		)	(22,921		)
Total	$	25,940		$	(6,521	)

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

	December 31,
	2014		2013
Identifiable Assets
Distillery products	$	98,791	$	97,875
Ingredient solutions	23,324		24,954
Other(a)	—		—
Corporate	38,484		28,500
Total	$	160,599	$	151,329

^(a)  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,
	2014		2013
Distillery products	$	4,663	$	5,594
Ingredient solutions	358		1,110
Other (a)	—		—
Corporate	830		1,179
Total	$	5,851	$	7,883

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

Revenue from foreign sources totaled$16,306 and $12,665, for the years ended December 31, 2014 and 2013, respectively, and is largely derived from Japan and Canada.  There is an immaterial amount of assets located in foreign countries.