Revenue

12 Months Ended

Dec. 31, 2019

Revenue Recognition and Deferred Revenue [Abstract]

Revenue

REVENUE

Adoption of Topic 606, Revenue From Contracts with Customers. On January 1, 2018, the Company adopted Topic 606, using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Financial results for the years ended December 31, 2019 and 2018 are presented under Topic 606, while financial results for the year ended December 31, 2017 are not adjusted and continue to be reported in accordance with the Company’s historic accounting under ASC 605, Revenue Recognition. There was no adjustment to opening retained earnings during the year ended December 31, 2018 and no differences to disclosure to reconcile financial statement activity as reported under Topic 606 to ASC 605 for the year ended December 31, 2018.

Disaggregation of Sales.

The following table presents the Company's sales disaggregated by segment and major products and services.

	Year Ended December 31,
	2019		2018		2017(a)
Distillery Products
Brown Goods	$	107,190	$	125,857	$	113,413
White Goods	62,862		62,574		64,585
Premium beverage alcohol	170,052		188,431		177,998
Industrial alcohol	79,833		80,650		76,636
Food grade alcohol	249,885		269,081		254,634
Fuel grade alcohol	5,949		6,347		6,368
Distillers feed and related co-products	26,743		25,698		19,332
Warehouse services	14,656		12,929		10,674
Total Distillery Products	297,233		314,055		291,008
Ingredient Solutions
Specialty wheat starches	30,816		28,594		28,092
Specialty wheat proteins	22,359		21,098		19,458
Commodity wheat starch	9,628		9,223		8,288
Commodity wheat protein	2,709		3,119		602
Total Ingredient Solutions	65,512		62,034		56,440
Total sales	$	362,745	$	376,089	$	347,448

(a) Prior year amounts were not adjusted upon adoption of Topic 606.

The Company generates revenues from the Distillery Products segment by the sale of products and by providing warehouse services related to the storage and aging of customer products. The Company generates revenues from the Ingredient Solutions segment by the sale of products. Revenue related to sales of products is recognized at a point in time whereas revenue generated from warehouse services is recognized over time. Contracts with customers in both segments include a single performance obligation (either the sale of products or the provision of warehouse services).