Operating Segments

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Operating Segments

NOTE 11: OPERATING SEGMENTS

The Company’s operations were historically 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, which was its bioplastics manufacturing business, including all of the assets at its bioplastics manufacturing facility in Onaga, Kansas and certain assets of its extruder bio-resin laboratory located in Atchison, Kansas.  The sale price was $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 is not presented as discontinued operations due to the immateriality relative to the consolidated financial statements as a whole. At December 31, 2014 and 2015, the Company had two segments: distillery products and ingredient solutions. The distillery products segment consists of food grade alcohol and distillery co-products, such as distillers feed (commonly called dried distillers grain in the industry), fuel grade alcohol, and corn oil. The distillery products segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. Ingredient solutions consists of specialty starches and proteins, commodity starches and commodity proteins.

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,
	2015			2014			2013
Net sales to customers:
Distillery products	$	270,225		$	256,561		$	264,098
Ingredient solutions	57,379			56,842			58,967
Other(a)	—			—			199
Total	$	327,604		$	313,403		$	323,264
Gross profit:
Distillery products	50,662			$	22,332		$	14,309
Ingredient solutions	7,871			6,099			6,986
Other(a)	—			—			(56		)
Total	$	58,533		$	28,431		$	21,239
Depreciation and amortization:
Distillery products	$	8,900		$	8,510		$	8,209
Ingredient solutions	2,111			2,316			2,322
Other(a)	—			—			21
Corporate	1,371			1,499			1,457
Total	$	12,382		$	12,325		$	12,009
Income (loss) from continuing operations before income taxes:
Distillery products	$	49,097		$	28,701		$	11,987
Ingredient solutions	5,636			3,939			4,503
Other(a)	—			—			(90		)
Corporate	(16,315		)	(6,700		)	(22,921		)
Total	$	38,418		$	25,940		$	(6,521	)

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

	December 31,
	2015		2014
Identifiable Assets
Distillery products	$	131,963	$	98,791
Ingredient solutions	24,023		23,324
Corporate	38,324		38,100
Total	$	194,310	$	160,215

Revenue from foreign sources totaled $18,772,$16,306 and $12,665, for 2015, 2014, and 2013, respectively, and is largely derived from Japan and Canada.  There is an immaterial amount of assets located in foreign countries.