OPERATING SEGMENTS

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

OPERATING SEGMENTS

OPERATING SEGMENTS

At December 31, 2020 and 2019, 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, barrel storage, and barrel retrieval services. Ingredient Solutions segment 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, 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.

	Year Ended December 31,
	2020		2019		2018
Sales to customers:
Distillery Products	$	317,458	$	297,233	$	314,055
Ingredient Solutions	78,063		65,512		62,034
Total(a)	$	395,521	$	362,745	$	376,089
Gross profit:
Distillery Products	$	77,960	$	65,952	$	71,793
Ingredient Solutions	20,846		10,580		11,806
Total	$	98,806	$	76,532	$	83,599
Depreciation and amortization:
Distillery Products	$	9,916	$	8,974	$	8,739
Ingredient Solutions	1,871		1,554		1,567
Corporate	1,174		1,044		1,056
Total	$	12,961	$	11,572	$	11,362
Income (loss) before income taxes:
Distillery Products	$	71,023	$	59,309	$	64,791
Ingredient Solutions	18,024		8,051		9,336
Corporate	(36,446)		(21,423)		(25,147)
Total	$	52,601	$	45,937	$	48,980

(a)Sales revenue from foreign sources totaled $23,905, $19,372, and $19,782 for 2020, 2019, and 2018, respectively, and is largely derived from Japan, Thailand, Mexico, and Canada.  The balance of total sales revenue is from domestic sources.

	December 31,
	2020		2019
Identifiable Assets
Distillery Products	$	288,069	$	271,766
Ingredient Solutions	41,276		30,802
Corporate	37,230		20,029
Total(a)	$	366,575	$	322,597

(a)The Company has no assets located in foreign countries.