Property and Business Interruption Insurance Claims and Recoveries

During October 2014, the Company experienced a fire at its Atchison facility. Certain equipment in the facility's feed drying operations was damaged, but repairable, and the Company experienced a seven-day temporary loss of production. The Company reached final settlement with its insurance carrier to close this claim during the quarter ended March 31, 2015, and received $460 of insurance proceeds reflected as a net reduction to Cost of Sales on the Condensed Consolidated Statements of Comprehensive Income for the year to date period ended September 30, 2015.

During January 2014, the Company experienced a fire at its Lawrenceburg facility. The fire damaged certain equipment in the feed dryer house and caused a temporary loss of production. The fire did not impact the Company's own or customer-owned warehoused inventory. By the end of February the plant was at pre-fire production levels. During the quarter and year to date period ended September 30, 2014, the Company received $2,058 and $2,308 of insurance proceeds, respectively. Insurance proceeds related to business interruption for the quarter and year to date period ended September 30, 2014 of $765 and $925, respectively, net of out-of-pocket expenses of $118 and $328, respectively, are reported as a net reduction to Cost of Sales of $647 and $597, respectively, on the Condensed Consolidated Statements of Comprehensive Income. Insurance proceeds related to property damage for the quarter and year to date period of $1,293 and $1,383, respectively, net of the book value property loss of $0 and $160, respectively, are reported as Insurance recoveries of $1,293 and $1,223, respectively, on the Condensed Consolidated Statements of Comprehensive Income.

Detail of the activities related to the property and business interruption insurance claims and recoveries and where the net impacts are recorded on the Condensed Consolidated Statements of Comprehensive Income is as follows:



	Quarter Ended				Year to Date Ended
	September 30, 2015		September 30, 2014		September 30, 2015		September 30, 2014
Total insurance recoveries	$	—	$	2,058	$	460	$	2,308
Insurance recoveries - interruption of business	$	—	$	765	$	460	$	925
Less: out-of-pocket expenses related to interruption of business in Cost of Sales	—		118		—		328
Net reduction to Cost of sales	$	—	$	647	$	460	$	597

Insurance recoveries - property damage	$	—	$	1,293	$	—	$	1,383
Less: Net book value of property loss in insurance recoveries	—		—		—		160
Insurance recoveries	$	—	$	1,293	$	—	$	1,223