Operating Segments

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Operating Segments

Operating Segments.

The Company’s operations are classified into two reportable 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 the Company’s food grade alcohol operations.  Ingredient solutions consists of specialty starches and proteins, commodity starch, and commodity protein.  

The following table provides operating profit for each segment 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.  The Company’s management reporting does not assign or allocate special charges to the Company’s operating segments.  Receivables, inventories and equipment have been identified with the segments to which they relate.  All other assets are considered Corporate.

	Quarter Ended						Year to Date Ended
	September 30, 2015			September 30, 2014			September 30, 2015			September 30, 2014
Net Sales to Customers
Distillery products	$	66,713		$	63,700		$	201,542		$	194,035
Ingredient solutions	13,615			13,815			44,553			43,043
Total	80,328			77,515			246,095			237,078
Depreciation and Amortization
Distillery products	2,219			2,133			6,603			6,334
Ingredient solutions	514			578			1,627			1,739
Corporate	343			382			1,030			1,129
Total	3,076			3,093			9,260			9,202
Income (Loss) before Income Taxes
Distillery products	9,992			6,547			34,492			17,963
Ingredient solutions	1,002			1,082			5,713			2,828
Corporate	(3,181		)	(2,570		)	(11,793		)	(5,681		)
Total	$	7,813		$	5,059		$	28,412		$	15,110

The following table allocates assets to each segment:

	As of September 30, 2015		As of December 31, 2014
Identifiable Assets
Distillery products	$	128,673	$	98,791
Ingredient solutions	23,571		23,324
Corporate	37,151		38,484
Total	$	189,395	$	160,599