Operating Segments

3 Months Ended

Mar. 31, 2017

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, including premium beverage alcohol and industrial 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, 2017			March 31, 2016
Net Sales to Customers
Distillery products	$	73,950		$	63,842
Ingredient solutions	13,219			12,993
Total	87,169			76,835
Gross Profit
Distillery products	16,615			14,850
Ingredient solutions	2,426			2,196
Total	19,041			17,046
Depreciation and Amortization
Distillery products	2,046			2,518
Ingredient solutions	408			444
Corporate	284			342
Total	2,738			3,304
Income before Income Taxes
Distillery products	15,518			14,380
Ingredient solutions	1,804			1,602
Corporate	(5,790		)	(5,051		)
Total	$	11,532		$	10,931

The following table allocates assets to each segment:

	As of March 31, 2017		As of December 31, 2016
Identifiable Assets
Distillery products	$	172,712	$	161,059
Ingredient solutions	27,145		27,109
Corporate	34,716		37,168
Total	$	234,573	$	225,336