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Operating Segments | 6 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Operating Segments | Operating Segments. The Company has two reportable segments: distillery products and ingredient solutions. The distillery products segment consists of food grade alcohol and distillery co-products, such as distillers feed (commonly called dried distillers grain in the industry), fuel grade alcohol, and corn oil. The distillery products segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. Ingredient solutions consists of specialty starches and proteins, commodity starches and commodity proteins. Operating profit for each segment is based on net sales less identifiable operating expenses. Non-direct selling, general and administrative expenses, interest expense, earnings from our equity method investments, other special charges and other general miscellaneous expenses have been excluded from segment operations and classified as Corporate. Receivables, inventories and equipment have been identified with the segments to which they relate. All other assets are considered as Corporate.
|  | Quarter Ended |  | Year to Date Ended
|  | June 30, 2016 |  | June 30, 2015 |  | June 30, 2016 |  | June 30, 2015
Net Sales to Customers |  |  |  |  |  |  |  |
Distillery products |  | $ | 66,740 |  |  | $ | 68,967 |  |  | $ | 130,582 |  |  | $ | 134,829 |
Ingredient solutions |  | 13,652 |  |  | 16,387 |  |  | 26,645 |  |  | 30,938 |
Total |  | 80,392 |  |  | 85,354 |  |  | 157,227 |  |  | 165,767 |
Gross Profit |  |  |  |  |  |  |  |
Distillery products |  | 13,663 |  |  | 13,647 |  |  | 28,515 |  |  | 25,134 |
Ingredient solutions |  | 1,868 |  |  | 3,881 |  |  | 4,062 |  |  | 5,782 |
Total |  | 15,531 |  |  | 17,528 |  |  | 32,577 |  |  | 30,916 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |
Distillery products |  | 1,957 |  |  | 2,212 |  |  | 4,475 |  |  | 4,383 |
Ingredient solutions |  | 411 |  |  | 538 |  |  | 855 |  |  | 1,113 |
Corporate |  | 310 |  |  | 342 |  |  | 653 |  |  | 688 |
Total |  | 2,678 |  |  | 3,092 |  |  | 5,983 |  |  | 6,184 |
Income before Income Taxes |  |  |  |  |  |  |  |
Distillery products |  | 12,900 |  |  | 13,362 |  |  | 27,283 |  |  | 24,500 |
Ingredient solutions |  | 1,148 |  |  | 3,378 |  |  | 2,750 |  |  | 4,711 |
Corporate |  | (4,170 | ) |  | (4,270 | ) |  | (9,224 | ) |  | (8,612 | )
Total |  | $ | 9,878 |  |  | $ | 12,470 |  |  | $ | 20,809 |  |  | $ | 20,599 |
The following table allocates assets to each segment:
|  | As of June 30, 2016 |  | As of December 31, 2015
Identifiable Assets |  |  |  |
Distillery products |  | $ | 159,708 |  |  | $ | 138,355 |
Ingredient solutions |  | 21,834 |  |  | 24,023 |
Corporate |  | 30,157 |  |  | 31,932 |
Total |  | $ | 211,699 |  |  | $ | 194,310 |

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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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