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Segment Information | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s operations include four reportable business segments that are distinguished primarily on the basis of products and services offered. The Grain business includes grain merchandising, the operation of terminal grain elevator facilities and the investments in LTG and Thompsons Limited. The Ethanol business purchases and sells ethanol, and provides risk management, origination and management services to ethanol production facilities. These facilities are organized as limited liability companies, two are consolidated and three are investments accounted for under the equity method. The Company performs a combination of these services under various contracts for these investments. The Plant Nutrient business manufactures and distributes agricultural inputs, primarily fertilizer, to dealers and farmers, along with turf care and corncob-based products. Rail operations include the leasing, marketing and fleet management of railcars and other assets, railcar repair and metal fabrication. Prior to 2018, the Company reported the Retail operations as a fifth reportable business segment even though it did not meet the quantitative thresholds for segment disclosures. As previously disclosed, the Company closed the Retail business during 2017, and accordingly has recast the prior results for this segment within the Other category, which also includes other corporate level costs not attributable to an operating segment. The segment information below includes the allocation of expenses shared by one or more operating segments. Although management believes such allocations are reasonable, the operating information does not necessarily reflect how such data might appear if the segments were operated as separate businesses. Inter-segment sales are made at prices comparable to normal, unaffiliated customer sales. The Company does not have any customers who represent 10 percent or more of total revenues.
| Three months ended September 30, |  | Nine months ended September 30,
(in thousands) | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues from external customers |  |  |  |  |  |  |
Grain | $ | 343,430 |  |  | $ | 497,613 |  |  | $ | 986,202 |  |  | $ | 1,464,588 |
Ethanol | 194,849 |  |  | 191,531 |  |  | 568,625 |  |  | 533,515 |
Plant Nutrient | 104,188 |  |  | 103,620 |  |  | 542,911 |  |  | 514,943 |
Rail | 43,112 |  |  | 43,093 |  |  | 134,982 |  |  | 121,632 |
Other | — |  |  | 738 |  |  | — |  |  | 47,595 |
Total | $ | 685,579 |  |  | $ | 836,595 |  |  | $ | 2,232,720 |  |  | $ | 2,682,273 |
| Three months ended September 30, |  | Nine months ended September 30,
(in thousands) | 2018 |  | 2017 |  | 2018 |  | 2017
Inter-segment sales |  |  |  |  |  |  |
Grain | $ | 442 |  |  | $ | 72 |  |  | $ | 1,435 |  |  | $ | 279 |
Plant Nutrient | — |  |  | — |  |  | — |  |  | 241 |
Rail | 288 |  |  | 327 |  |  | 959 |  |  | 893 |
Total | $ | 730 |  |  | $ | 399 |  |  | $ | 2,394 |  |  | $ | 1,413 |
| Three months ended September 30, |  | Nine months ended September 30,
(in thousands) | 2018 |  | 2017 |  | 2018 |  | 2017
Income (loss) before income taxes |  |  |  |  |  |  |
Grain | $ | (8,619 | ) |  | $ | 2,641 |  |  | $ | 1,228 |  |  | $ | 4,497 |
Ethanol | 9,058 |  |  | 6,098 |  |  | 17,022 |  |  | 12,474 |
Plant Nutrient | (7,976 | ) |  | (7,920 | ) |  | 8,239 |  |  | (27,074 | )
Rail | 5,732 |  |  | 6,127 |  |  | 10,645 |  |  | 18,065 |
Other | (2,057 | ) |  | (2,024 | ) |  | (13,734 | ) |  | (27,665 | )
Noncontrolling interests | 223 |  |  | 83 |  |  | (175 | ) |  | 73 |
Total | $ | (3,639 | ) |  | $ | 5,005 |  |  | $ | 23,225 |  |  | $ | (19,630 | )
(in thousands) | September 30, 2018 |  | December 31, 2017 |  | September 30, 2017
Identifiable assets |  |  |  |  |
Grain | $ | 788,770 |  |  | $ | 948,871 |  |  | $ | 799,655 |
Ethanol | 263,949 |  |  | 180,173 |  |  | 173,545 |
Plant Nutrient | 415,314 |  |  | 379,309 |  |  | 389,396 |
Rail | 564,227 |  |  | 490,448 |  |  | 446,884 |
Other | 119,358 |  |  | 163,553 |  |  | 154,680 |
Total | $ | 2,151,618 |  |  | $ | 2,162,354 |  |  | $ | 1,964,160 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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