Operating Segments

6 Months Ended

Jun. 30, 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						Year to Date Ended
	June 30, 2016			June 30, 2015			June 30, 2016			June 30, 2015
Net Sales to Customers
Distillery products	$	66,740		$	68,967		$	130,582		$	134,829
Ingredient solutions	13,652			16,387			26,645			30,938
Total	80,392			85,354			157,227			165,767
Gross Profit
Distillery products	13,663			13,647			28,515			25,134
Ingredient solutions	1,868			3,881			4,062			5,782
Total	15,531			17,528			32,577			30,916
Depreciation and Amortization
Distillery products	1,957			2,212			4,475			4,383
Ingredient solutions	411			538			855			1,113
Corporate	310			342			653			688
Total	2,678			3,092			5,983			6,184
Income before Income Taxes
Distillery products	12,900			13,362			27,283			24,500
Ingredient solutions	1,148			3,378			2,750			4,711
Corporate	(4,170		)	(4,270		)	(9,224		)	(8,612		)
Total	$	9,878		$	12,470		$	20,809		$	20,599

The following table allocates assets to each segment:

	As of June 30, 2016		As of December 31, 2015
Identifiable Assets
Distillery products	$	159,708	$	138,355
Ingredient solutions	21,834		24,023
Corporate	30,157		31,932
Total	$	211,699	$	194,310