

NOTE 17:	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.

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. In December 2014, the Company negotiated a final settlement with its insurance carrier to close this claim. As part of the settlement, the Company assumed the risk of all future business interruption until permanent repairs are completed.

During 2015, 2014, and 2013, the Company received $460, $9,375, and $0 of insurance recoveries, respectively. Insurance proceeds related to business interruption for 2015, 2014, and 2013, were $460, $925, and $0, respectively, net of out-of-pocket expenses, and are reported as a net reduction to Cost of Sales of $460, $308, and $0, respectively, on the Consolidated Statements of Operations. Insurance proceeds related to property damage for 2015, 2014, and 2013, were $0, $8,450, and $0, respectively, net of the book value property loss, and are reported as Insurance recoveries of $0, $8,290, and $0, respectively, on the Consolidated Statements of Operations.

Detail of the activities related to the property and business interruption insurance claims and recoveries, and where the net impacts are recorded on the Consolidated Statement of Operations, is as follows:



	Year Ended December 31,
	2015		2014		2013
Total insurance recoveries	$	460	$	9,375	$	—
Insurance recoveries - interruption of business	$	460	$	925	$	—
Less: out-of-pocket expenses related to interruption of business in Cost of Sales	—		617		—
Net reduction to Cost of sales	$	460	$	308	$	—

Insurance recoveries - property damage	$	—	$	8,450	$	—
Less: Net book value of property loss in insurance recoveries	—		160		—
Insurance recoveries	$	—	$	8,290	$	—