XML 92 R21.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Operating Segments

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Operating Segments

OPERATING SEGMENTS

At December 31, 2019 and 2018, 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, barrel storage, and barrel retrieval services. Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins.

Operating profit for each segment is based on 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.

			Year Ended December 31,
			2019						2018						2017
Sales to customers:
Distillery Products			$	297,233					$	314,055					$	291,008
Ingredient Solutions			65,512						62,034						56,440
Total(a)			$	362,745					$	376,089					$	347,448
Gross profit:
Distillery Products			$	65,952					$	71,793					$	66,817
Ingredient Solutions			10,580						11,806						9,199
Total			$	76,532					$	83,599					$	76,016
Depreciation and amortization:
Distillery Products			$	8,974					$	8,739					$	8,490
Ingredient Solutions			1,554						1,567						1,660
Corporate			1,044						1,056						1,158
Total			$	11,572					$	11,362					$	11,308
Income (loss) before income taxes:
Distillery Products			$	59,309					$	64,791					$	60,424
Ingredient Solutions			8,051						9,336						6,613
Corporate			(21,423)						(25,147)						(14,279)
Total			$	45,937					$	48,980					$	52,758

(a)Sales revenue from foreign sources totaled $19,372, $19,782, and $22,870 for 2019, 2018, and 2017, respectively, and is largely derived from Japan, Thailand, and Canada.  The balance of total sales revenue is from domestic sources.

			December 31,
			2019						2018
Identifiable Assets
Distillery Products			$	271,766					$	223,890
Ingredient Solutions			30,802						35,147
Corporate			20,029						18,855
Total(a)			$	322,597					$	277,892

(a)The Company has no assets located in foreign countries.

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration