Operating Segments

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Operating Segments

Operating Segments.

The Company has two reportable 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 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.

	Quarter Ended
	March 31, 2016			March 31, 2015
Net Sales to Customers
Distillery products	$	63,842		$	65,862
Ingredient solutions	12,993			14,551
Total	76,835			80,413
Gross Profit
Distillery products	14,850			11,487
Ingredient solutions	2,196			1,901
Total	17,046			13,388
Depreciation and Amortization
Distillery products	2,518			2,171
Ingredient solutions	444			575
Corporate	342			345
Total	3,304			3,091
Income before Income Taxes
Distillery products	14,380			11,138
Ingredient solutions	1,602			1,333
Corporate	(5,051		)	(4,342		)
Total	$	10,931		$	8,129

The following table allocates assets to each segment:

	As of March 31, 2016		As of December 31, 2015
Identifiable Assets
Distillery products	$	155,928	$	138,355
Ingredient solutions	22,332		24,023
Corporate	22,847		31,932
Total	$	201,107	$	194,310