Discontinued Operations - Disposal of Ethanol Plants (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The operating loss for the three and six months ended June 30, 2013 is summarized as follows (in thousands):

	Three Months Ended June 30, 2013		Six Months Ended June 30, 2013
Net Sales	$	91,031	$	180,072
Cost of goods sold		93,313		184,225
Gross loss		(2,282)		(4,153)
General and administrative expenses		1,682		3,393
Operating loss		(3,964)		(7,546)
Other income (expense):
Other income		2,597		4,055
Interest expense		(1,959)		(3,844)
Loss before income taxes		(3,326)		(7,335)
Income tax provision (benefit)		—		—
Loss from discontinued operations	$	(3,326)	$	(7,335)

The carrying amounts of the assets and liabilities of the ethanol plants as of December 31, 2013 are summarized as follows (in thousands):

Current assets:
Cash and cash equivalents	$	267
Prepaid expenses		1
Other current assets		164
Assets held for sale	$	432

Current liabilities:
Accounts payable	$	289
Liabilities held for sale	$	289

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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