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Operating Segments | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Operating Segments | Operating Segments At September 30, 2018 and 2017, the Company had two 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) and fuel grade alcohol. The distillery products segment also includes warehouse services, including barrel put away, storage, retrieval, and blending services. Ingredient solutions consists of specialty starches and proteins and commodity starches and proteins. Operating profit for each segment is based on net sales less identifiable operating expenses. Non-direct SG&A, interest expense, earnings from the Company's equity method investments until sold on July 3, 2017, other special charges, and other general miscellaneous expenses are excluded from segment operations and are 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
|  | September 30, 2018 |  | September 30, 2017 |  | September 30, 2018 |  | September 30, 2017
Net Sales to Customers |  |  |  |  |  |  |  |
Distillery products |  | $ | 78,336 |  |  | $ | 72,335 |  |  | $ | 225,365 |  |  | $ | 216,984 |
Ingredient solutions |  | 16,695 |  |  | 13,998 |  |  | 45,874 |  |  | 42,271 |
Total |  | 95,031 |  |  | 86,333 |  |  | 271,239 |  |  | 259,255 |
Gross Profit |  |  |  |  |  |  |  |
Distillery products |  | 16,269 |  |  | 16,501 |  |  | 48,819 |  |  | 49,069 |
Ingredient solutions |  | 3,330 |  |  | 2,124 |  |  | 9,172 |  |  | 7,422 |
Total |  | 19,599 |  |  | 18,625 |  |  | 57,991 |  |  | 56,491 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |
Distillery products |  | 2,067 |  |  | 2,128 |  |  | 6,565 |  |  | 6,300 |
Ingredient solutions |  | 369 |  |  | 419 |  |  | 1,182 |  |  | 1,242 |
Corporate |  | 267 |  |  | 340 |  |  | 782 |  |  | 899 |
Total |  | 2,703 |  |  | 2,887 |  |  | 8,529 |  |  | 8,441 |
Income (loss) before Income Taxes |  |  |  |  |  |  |  |
Distillery products |  | 14,344 |  |  | 14,836 |  |  | 43,298 |  |  | 44,485 |
Ingredient solutions |  | 2,671 |  |  | 1,518 |  |  | 7,236 |  |  | 5,592 |
Corporate |  | (5,334 | ) |  | 5,274 |  |  | (17,828 | ) |  | (7,601 | )
Total |  | $ | 11,681 |  |  | $ | 21,628 |  |  | $ | 32,706 |  |  | $ | 42,476 |
The following table allocates assets to each segment as of:
|  | September 30, 2018 |  | December 31, 2017
Identifiable Assets |  |  |  |
Distillery products |  | $ | 219,587 |  |  | $191,321
Ingredient solutions |  | 38,139 |  |  | 28,950
Corporate |  | 15,854 |  |  | 20,057
Total |  | $ | 273,580 |  |  | $240,328

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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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