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Segment Information | 3 Months Ended
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Mar. 31, 2017
Segment Information [Abstract] |
Segment Information | 4. SEGMENT INFORMATION ﻿ As a result of acquisitions during 2016, the company implemented organizational segment changes during the fourth quarter of 2016, whereby the company management now reports the financial and operating performance in the following four operating segments: (1) ethanol production, which includes the production of ethanol, distillers grains and corn oil, (2) agribusiness and energy services, which includes grain handling and storage and marketing and merchant trading for company-produced and third-party ethanol, distillers grains, corn oil and other commodities, (3) food and ingredients, which includes the cattle feedlot, vinegar production and food-grade corn oil operations and (4) partnership, which includes fuel storage and transportation services. Prior periods have been reclassified to conform to the revised segment presentation. ﻿ Corporate activities include selling, general and administrative expenses, consisting primarily of compensation, professional fees and overhead costs not directly related to a specific operating segment. ﻿ During the normal course of business, the operating segments conduct business with each other. For example, the agribusiness and energy services segment procures grain and natural gas and sells products, including ethanol, distillers grains and corn oil for the ethanol production segment. The partnership segment provides fuel storage and transportation services for the agribusiness and energy services segment. These intersegment activities are treated like third-party transactions with origination, marketing and storage fees charged at estimated market values. Consequently, these transactions affect segment performance; however, they do not impact the company’s consolidated results since the revenues and corresponding costs are eliminated. ﻿ The following tables set forth certain financial data for the company’s operating segments (in thousands): ﻿
﻿ |  |  |  |  |
﻿ | Three Months Ended March 31,
﻿ | 2017 |  | 2016
﻿Revenues: |  |  |  |  |
﻿Ethanol production: |  |  |  |  |
﻿Revenues from external customers | $ | 619,879 |  | $ | 528,328
﻿Intersegment revenues |  | 1,496 |  |  | -
﻿Total segment revenues |  | 621,375 |  |  | 528,328
﻿Agribusiness and energy services: |  |  |  |  |
﻿Revenues from external customers |  | 168,311 |  |  | 160,144
﻿Intersegment revenues |  | 9,492 |  |  | 7,409
﻿Total segment revenues |  | 177,803 |  |  | 167,553
﻿Food and ingredients: |  |  |  |  |
﻿Revenues from external customers |  | 98,022 |  |  | 58,711
﻿Intersegment revenues |  | 38 |  |  | 37
﻿Total segment revenues |  | 98,060 |  |  | 58,748
﻿Partnership: |  |  |  |  |
﻿Revenues from external customers |  | 1,472 |  |  | 2,021
﻿Intersegment revenues |  | 25,757 |  |  | 21,768
﻿Total segment revenues |  | 27,229 |  |  | 23,789
﻿Revenues including intersegment activity |  | 924,467 |  |  | 778,418
﻿Intersegment eliminations |  | (36,783) |  |  | (29,214)
﻿Revenues as reported | $ | 887,684 |  | $ | 749,204
﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |
﻿ | Three Months Ended March 31,
﻿ | 2017 |  | 2016
﻿Cost of goods sold: |  |  |  |  |
﻿Ethanol production | $ | 599,138 |  | $ | 534,498
﻿Agribusiness and energy services |  | 166,394 |  |  | 159,415
﻿Food and ingredients |  | 83,035 |  |  | 59,254
﻿Partnership |  | - |  |  | -
﻿Intersegment eliminations |  | (36,671) |  |  | (28,480)
﻿ | $ | 811,896 |  | $ | 724,687
﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |
﻿ | Three Months Ended March 31,
﻿ | 2017 |  | 2016
﻿Operating income (loss): |  |  |  |  |
﻿Ethanol production | $ | (6,598) |  | $ | (29,565)
﻿Agribusiness and energy services |  | 6,369 |  |  | 3,737
﻿Food and ingredients |  | 9,626 |  |  | (1,363)
﻿Partnership |  | 16,619 |  |  | 13,071
﻿Intersegment eliminations |  | (75) |  |  | (698)
﻿Corporate activities |  | (8,549) |  |  | (7,828)
﻿ | $ | 17,392 |  | $ | (22,646)
﻿ ﻿
﻿ |  |  |  |  |
﻿ | Three Months Ended March 31,
﻿ | 2017 |  | 2016
﻿Depreciation and amortization: |  |  |  |  |
﻿Ethanol production | $ | 20,342 |  | $ | 15,780
﻿Agribusiness and energy services |  | 660 |  |  | 306
﻿Food and ingredients |  | 2,880 |  |  | 271
﻿Partnership |  | 1,254 |  |  | 1,217
﻿Corporate activities |  | 947 |  |  | 571
﻿ | $ | 26,083 |  | $ | 18,145
﻿ The following table sets forth third-party revenues by product line (in thousands): ﻿ ﻿
﻿ |  |  |  |  |
﻿ | Three Months Ended March 31,
﻿ | 2017 |  | 2016
﻿Revenues: |  |  |  |  |
﻿Ethanol | $ | 597,407 |  | $ | 499,050
﻿Distillers grains |  | 118,696 |  |  | 112,218
﻿Corn oil |  | 40,697 |  |  | 20,875
﻿Grain |  | 26,024 |  |  | 51,055
﻿Food and ingredients |  | 90,485 |  |  | 56,232
﻿Service revenues |  | 1,472 |  |  | 2,021
﻿Other |  | 12,903 |  |  | 7,753
﻿ | $ | 887,684 |  | $ | 749,204
﻿ The following table sets forth total assets by operating segment (in thousands): ﻿
﻿ |  |  |  |  |
﻿ | March 31, |  | December 31,
﻿ | 2017 |  | 2016
﻿Total assets (1): |  |  |  |  |
﻿Ethanol production | $ | 1,161,730 |  | $ | 1,206,155
﻿Agribusiness and energy services |  | 527,974 |  |  | 579,977
﻿Food and ingredients |  | 415,790 |  |  | 406,429
﻿Partnership |  | 74,149 |  |  | 74,999
﻿Corporate assets |  | 258,654 |  |  | 257,652
﻿Intersegment eliminations |  | (17,151) |  |  | (18,720)
﻿ | $ | 2,421,146 |  | $ | 2,506,492
﻿
| (1) |  | Asset balances by segment exclude intercompany receivable balances.

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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 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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