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Segment Information | 3 Months Ended
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Mar. 31, 2020
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 Trade business includes commodity merchandising and the operation of terminal grain elevator facilities. The Ethanol business produces ethanol through its five co-owned and fully consolidated ethanol production facilities as well as purchases and sells ethanol and ethanol co-products. 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. The Other category 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 revenue.
| Three months ended March 31,
(in thousands) | 2020 |  | 2019
Revenues from external customers |  |  |
Trade | $ | 1,378,040 |  |  | $ | 1,537,686 |
Ethanol | 313,039 |  |  | 269,166 |
Plant Nutrient | 124,913 |  |  | 128,525 |
Rail | 37,113 |  |  | 41,415 |
Total | $ | 1,853,105 |  |  | $ | 1,976,792 |
| Three months ended March 31,
(in thousands) | 2020 |  | 2019
Inter-segment sales |  |  |
Trade | $ | 609 |  |  | $ | 181 |
Plant Nutrient | 887 |  |  | 20 |
Rail | 1,605 |  |  | 1,275 |
Total | $ | 3,101 |  |  | $ | 1,476 |
| Three months ended March 31,
(in thousands) | 2020 |  | 2019
Income (loss) before income taxes, net of noncontrolling interest |  |  |
Trade | $ | (9,983 | ) |  | $ | (17,903 | )
Ethanol | (23,976 | ) |  | 3,011 |
Plant Nutrient | (1,192 | ) |  | (3,929 | )
Rail | 1,007 |  |  | 4,312 |
Other | (4,982 | ) |  | (4,926 | )
Income (loss) before income taxes, net of noncontrolling interest | (39,126 | ) |  | (19,435 | )
Noncontrolling interests | (13,449 | ) |  | (155 | )
Income (loss) before income taxes | $ | (52,575 | ) |  | $ | (19,590 | )
(in thousands) | March 31, 2020 |  | December 31, 2019 |  | March 31, 2019
Identifiable assets |  |  |  |  |
Trade | $ | 1,878,812 |  |  | $ | 2,012,060 |  |  | $ | 2,116,254 |
Ethanol | 653,928 |  |  | 690,548 |  |  | 333,060 |
Plant Nutrient | 434,512 |  |  | 383,781 |  |  | 455,529 |
Rail | 658,271 |  |  | 693,931 |  |  | 642,596 |
Other | 127,168 |  |  | 120,421 |  |  | 112,813 |
Total | $ | 3,752,691 |  |  | $ | 3,900,741 |  |  | $ | 3,660,252 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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