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v3.19.3.a.u2

SEGMENTS. (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2019 | Dec. 31, 2018
Segment Reporting [Abstract] |  |
Schedule of financial date for operating segments | The following tables set forth certain financial data for the Company’s operating segments (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
Net Sales |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Production, recorded as gross: |  |  |  |  |  |  |  |  |  |  |  |
Ethanol/alcohol sales |  | $ | 212,897 |  |  | $ | 216,788 |  |  | $ | 586,680 |  |  | $ | 670,304 |
Co-product sales |  |  | 65,693 |  |  |  | 73,259 |  |  |  | 199,177 |  |  |  | 226,307 |
Intersegment sales |  |  | 403 |  |  |  | 518 |  |  |  | 1,187 |  |  |  | 1,531 |
Total production sales |  |  | 278,993 |  |  |  | 290,565 |  |  |  | 787,044 |  |  |  | 898,142 |
Marketing and distribution: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ethanol/alcohol sales, gross |  | $ | 86,124 |  |  | $ | 79,877 |  |  | $ | 280,032 |  |  | $ | 282,940 |
Ethanol/alcohol sales, net |  |  | 446 |  |  |  | 483 |  |  |  | 1,375 |  |  |  | 1,405 |
Intersegment sales |  |  | 2,079 |  |  |  | 2,201 |  |  |  | 5,839 |  |  |  | 6,757 |
Total marketing and distribution sales |  |  | 88,649 |  |  |  | 82,561 |  |  |  | 287,246 |  |  |  | 291,102 |
Intersegment eliminations |  |  | (2,482 | ) |  |  | (2,719 | ) |  |  | (7,026 | ) |  |  | (8,288 | )
Net sales as reported |  | $ | 365,160 |  |  | $ | 370,407 |  |  | $ | 1,067,264 |  |  | $ | 1,180,956 |
Cost of goods sold: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production |  | $ | 294,888 |  |  | $ | 295,574 |  |  | $ | 810,670 |  |  | $ | 914,638 |
Marketing and distribution |  |  | 87,976 |  |  |  | 73,784 |  |  |  | 277,545 |  |  |  | 268,917 |
Intersegment eliminations |  |  | (2,888 | ) |  |  | (2,719 | ) |  |  | (7,817 | ) |  |  | (8,456 | )
Cost of goods sold as reported |  | $ | 379,976 |  |  | $ | 366,639 |  |  | $ | 1,080,398 |  |  | $ | 1,175,099 |
Income (loss) before benefit for income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production |  | $ | (25,999 | ) |  | $ | (15,571 | ) |  | $ | (50,682 | ) |  | $ | (45,355 | )
Marketing and distribution |  |  | (998 | ) |  |  | 7,416 |  |  |  | 4,991 |  |  |  | 18,095 |
Corporate activities |  |  | (2,076 | ) |  |  | (1,149 | ) |  |  | (5,833 | ) |  |  | (6,708 | )
|  | $ | (29,073 | ) |  | $ | (9,304 | ) |  | $ | (51,524 | ) |  | $ | (33,968 | )
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production |  | $ | 11,833 |  |  | $ | 10,040 |  |  | $ | 35,390 |  |  | $ | 30,017 |
Corporate activities |  |  | 195 |  |  |  | 177 |  |  |  | 554 |  |  |  | 618 |
|  | $ | 12,028 |  |  | $ | 10,217 |  |  | $ | 35,944 |  |  | $ | 30,635 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production |  | $ | 1,969 |  |  | $ | 1,692 |  |  | $ | 5,724 |  |  | $ | 5,416 |
Marketing and distribution |  |  | 929 |  |  |  | 344 |  |  |  | 2,291 |  |  |  | 1,042 |
Corporate activities |  |  | 2,265 |  |  |  | 2,157 |  |  |  | 6,999 |  |  |  | 6,417 |
|  | $ | 5,163 |  |  | $ | 4,193 |  |  | $ | 15,014 |  |  | $ | 12,875 |
| The following tables set forth certain financial data for the Company's operating segments (in thousands):
|  | Years Ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Net Sales |  |  |  |  |  |  |  |  |
Production, recorded as gross: |  |  |  |  |  |  |  |  |
Ethanol/alcohol sales |  | $ | 859,815 |  |  | $ | 845,692 |  |  | $ | 797,363 |
Co-product sales |  |  | 296,686 |  |  |  | 257,031 |  |  |  | 248,444 |
Intersegment sales |  |  | 1,995 |  |  |  | 1,898 |  |  |  | 1,169 |
Total production sales |  |  | 1,158,496 |  |  |  | 1,104,621 |  |  |  | 1,046,976 |
Marketing and distribution: |  |  |  |  |  |  |  |  |  |  |  |
Ethanol/alcohol sales, gross |  | $ | 357,011 |  |  | $ | 527,869 |  |  | $ | 577,347 |
Ethanol/alcohol sales, net |  |  | 1,859 |  |  |  | 1,663 |  |  |  | 1,604 |
Intersegment sales |  |  | 8,773 |  |  |  | 8,464 |  |  |  | 8,029 |
Total marketing and distribution sales |  |  | 367,643 |  |  |  | 537,996 |  |  |  | 586,980 |
Intersegment eliminations |  |  | (10,768 | ) |  |  | (10,362 | ) |  |  | (9,198 | )
Net sales as reported |  | $ | 1,515,371 |  |  | $ | 1,632,255 |  |  | $ | 1,624,758 |
Cost of goods sold: |  |  |  |  |  |  |  |  |
Production |  | $ | 1,197,507 |  |  | $ | 1,101,651 |  |  | $ | 1,003,679 |
Marketing and distribution |  |  | 343,991 |  |  |  | 535,033 |  |  |  | 575,920 |
Intersegment eliminations |  |  | (10,963 | ) |  |  | (10,360 | ) |  |  | (9,199 | )
Cost of goods sold as reported |  | $ | 1,530,535 |  |  | $ | 1,626,324 |  |  | $ | 1,570,400 |
Income (loss) before benefit for income taxes: |  |  |  |  |  |  |  |  |
Production |  | $ | (77,833 | ) |  | $ | (27,457 | ) |  | $ | (6,879 | )
Marketing and distribution |  |  | 18,191 |  |  |  | (2,463 | ) |  |  | 4,517 |
Corporate activities |  |  | (8,856 | ) |  |  | (8,475 | ) |  |  | 2,907 |
|  | $ | (68,498 | ) |  | $ | (38,395 | ) |  | $ | 545 |
Depreciation: |  |  |  |  |  |  |  |  |  |  |  |
Production |  | $ | 40,099 |  |  | $ | 37,637 |  |  | $ | 34,528 |
Corporate activities |  |  | 750 |  |  |  | 1,014 |  |  |  | 913 |
|  | $ | 40,849 |  |  | $ | 38,651 |  |  | $ | 35,441 |
Interest expense: |  |  |  |  |  |  |  |  |
Production |  | $ | 7,116 |  |  | $ | 5,887 |  |  | $ | 20,794 |
Marketing and distribution |  |  | 1,388 |  |  |  | 1,271 |  |  |  | 1,404 |
Corporate activities |  |  | 8,628 |  |  |  | 5,780 |  |  |  | 208 |
|  | $ | 17,132 |  |  | $ | 12,938 |  |  | $ | 22,406 |
Schedule of assets by operating segments | The following table sets forth the Company’s total assets by operating segment (in thousands):
Total assets: |  | September 30, 2019 |  |  | December 31, 2018 |
Production |  | $ | 527,950 |  |  | $ | 532,790 |
Marketing and distribution |  |  | 108,960 |  |  |  | 112,984 |
Corporate assets |  |  | 15,950 |  |  |  | 14,117 |
|  | $ | 652,860 |  |  | $ | 659,891 |
| The following table sets forth the Company's total assets by operating segment (in thousands):
|  | December 31, 2018 |  |  | December 31, 2017 |
Total assets: |  |  |  |  |  |
Production |  | $ | 532,790 |  |  | $ | 583,696 |
Marketing and distribution |  |  | 112,984 |  |  |  | 127,242 |
Corporate assets |  |  | 14,117 |  |  |  | 9,358 |
|  | $ | 659,891 |  |  | $ | 720,296 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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