Operating Segments

3 Months Ended

Mar. 31, 2019

At March 31, 2019 and 2018, 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) and fuel grade alcohol. The distillery products segment also includes warehouse services, including barrel put away, storage, retrieval, and blending services. Ingredient solutions consists of specialty starches and proteins and commodity starches and proteins.

Operating profit for each segment is based on sales less identifiable operating expenses. Non-direct SG&A, interest expense, other special charges, and other general miscellaneous expenses are excluded from segment operations and are 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,
	2019			2018
Sales to Customers
Distillery products	$	74,577		$	74,377
Ingredient solutions	14,519			13,579
Total	89,096			87,956
Gross Profit
Distillery products	15,239			15,870
Ingredient solutions	1,421			3,081
Total	16,660			18,951
Depreciation and Amortization
Distillery products	2,169			2,241
Ingredient solutions	372			434
Corporate	269			254
Total	2,810			2,929
Income (loss) before Income Taxes
Distillery products	13,435			14,177
Ingredient solutions	775			2,424
Corporate	(5,949		)	(6,419		)
Total	$	8,261		$	10,182

The following table allocates assets to each segment as of:



	March 31, 2019		December 31, 2018
Identifiable Assets
Distillery products	$	235,306	$	223,890
Ingredient solutions	36,003		35,147
Corporate	18,791		18,855
Total	$	290,100	$	277,892