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Segment Information | 12 Months Ended
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Dec. 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 as well as the structure of management. The Trade business includes commodity merchandising and the operation of terminal grain elevator facilities. The Ethanol business purchases and sells ethanol, and provides risk management, origination and management services to ethanol production facilities. The Plant Nutrient business manufactures and distributes agricultural inputs, primary nutrients and specialty fertilizers, 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. Included in Other are the corporate level costs not attributed to an operating segment. In January 2020, the Company moved its Lansing Vermont DDG business from the Trade group to the Ethanol group as part of internal restructuring efforts. Prior year results have been recast to reflect this change. During the third quarter of 2020, the Company announced a change in the management structure of the business. The Trade and Ethanol Groups and the Rail and Plant Nutrient Groups were combined to be led by one Company president each. The Company considered current accounting guidance concluding that its reportable operating segments would not change under the new management structure as the aggregation criteria could not be met. 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.
| Year ended December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Revenues from external customers |  |  |  |  |
Trade | $ | 6,141,402 |  |  | $ | 6,144,526 |  |  | $ | 1,433,660 |
Ethanol | 1,260,259 |  |  | 1,211,997 |  |  | 747,009 |
Plant Nutrient | 662,959 |  |  | 646,730 |  |  | 690,536 |
Rail | 143,816 |  |  | 166,938 |  |  | 174,177 |
Total | $ | 8,208,436 |  |  | $ | 8,170,191 |  |  | $ | 3,045,382 |
| Year ended December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Interest expense (income) |  |  |  |  |
Trade | $ | 21,974 |  |  | $ | 34,843 |  |  | $ | 11,845 |
Ethanol | 7,461 |  |  | 943 |  |  | (1,890) |
Plant Nutrient | 5,805 |  |  | 7,954 |  |  | 6,499 |
Rail | 17,491 |  |  | 16,486 |  |  | 11,377 |
Other | (1,456) |  |  | (535) |  |  | 17 |
Total | $ | 51,275 |  |  | $ | 59,691 |  |  | $ | 27,848 |
| Year ended December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Equity in earnings (losses) of affiliates |  |  |  |  |
Trade | $ | 638 |  |  | $ | (6,835) |  |  | $ | 12,932 |
Ethanol | — |  |  | (524) |  |  | 14,209 |
Total | $ | 638 |  |  | $ | (7,359) |  |  | $ | 27,141 |
| Year ended December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Other income, net |  |  |  |  |
Trade | $ | 11,954 |  |  | $ | 11,142 |  |  | $ | 843 |
Ethanol | 2,795 |  |  | 913 |  |  | 2,766 |
Plant Nutrient | 1,274 |  |  | 4,903 |  |  | 2,495 |
Rail | 2,885 |  |  | 1,583 |  |  | 3,516 |
Other | 1,540 |  |  | 1,568 |  |  | 6,382 |
Total | $ | 20,448 |  |  | $ | 20,109 |  |  | $ | 16,002 |
| Year ended December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Income (loss) before income taxes attributable to the Company |  |  |  |  |
Trade | $ | 24,687 |  |  | $ | (17,328) |  |  | $ | 21,715 |
Ethanol | (25,413) |  |  | 50,907 |  |  | 27,076 |
Plant Nutrient | 16,015 |  |  | 9,159 |  |  | 12,030 |
Rail | 2,607 |  |  | 15,090 |  |  | 17,379 |
Other | (20,445) |  |  | (26,470) |  |  | (24,785) |
Income (loss) before income taxes attributable to the Company | (2,549) |  |  | 31,358 |  |  | 53,415 |
Income (loss) attributable to noncontrolling interests | (21,925) |  |  | (3,247) |  |  | (259) |
Income (loss) before income taxes | $ | (24,474) |  |  | $ | 28,111 |  |  | $ | 53,156 |
| Year ended December 31,
(in thousands) | 2020 |  | 2019
Identifiable assets |  |  |
Trade | $ | 2,486,412 |  |  | $ | 2,012,060 |
Ethanol | 666,839 |  |  | 690,548 |
Plant Nutrient | 374,653 |  |  | 383,781 |
Rail | 676,154 |  |  | 693,931 |
Other | 68,063 |  |  | 120,421 |
Total | $ | 4,272,121 |  |  | $ | 3,900,741 |
| Year ended December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Capital expenditures |  |  |  |  |
Trade | $ | 14,911 |  |  | $ | 31,173 |  |  | $ | 17,203 |
Ethanol | 39,791 |  |  | 104,023 |  |  | 101,320 |
Plant Nutrient | 16,565 |  |  | 20,413 |  |  | 15,723 |
Rail | 4,422 |  |  | 1,827 |  |  | 5,295 |
Other | 1,458 |  |  | 3,548 |  |  | 3,038 |
Total | $ | 77,147 |  |  | $ | 160,984 |  |  | $ | 142,579 |
| Year ended December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Depreciation and amortization |  |  |  |  |
Trade | $ | 44,627 |  |  | $ | 50,973 |  |  | $ | 16,062 |
Ethanol | 73,224 |  |  | 23,727 |  |  | 6,136 |
Plant Nutrient | 25,407 |  |  | 25,985 |  |  | 26,871 |
Rail | 35,573 |  |  | 34,122 |  |  | 29,164 |
Other | 9,807 |  |  | 11,359 |  |  | 12,064 |
Total | $ | 188,638 |  |  | $ | 146,166 |  |  | $ | 90,297 |
| Year ended December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Revenues from external customers by geographic region |  |  |  |  |
United States | $ | 6,315,055 |  |  | $ | 6,350,643 |  |  | $ | 2,832,007 |
Canada | 526,143 |  |  | 666,289 |  |  | 136,439 |
Mexico | 246,523 |  |  | 294,644 |  |  | 34 |
Other | 1,120,715 |  |  | 858,615 |  |  | 76,902 |
Total | $ | 8,208,436 |  |  | $ | 8,170,191 |  |  | $ | 3,045,382 |
The net book value of Trade property, plant and equipment in Canada as of December 31, 2020 and 2019 was $39.9 million and $41.2 million, respectively. The net book value of the leased railcars in Canada as of December 31, 2020 and 2019 was $20.8 million and $22.7 million, respectively.

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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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