XML 58 R96.htm IDEA: XBRL DOCUMENT v2.4.0.8
REDEEMABLE NONCONTROLLING INTEREST IN NUTRA SA 10Q (Details) (USD $)
3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 1 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Mar. 31, 2014
Irgovel [Member]
Dec. 31, 2013
Irgovel [Member]
Mar. 31, 2014
Nutra SA [Member]
Dec. 31, 2013
Nutra SA [Member]
Dec. 31, 2012
Nutra SA [Member]
May 15, 2014
Nutra SA [Member]
Subsequent Event [Member]
Mar. 25, 2014
Nutra SA [Member]
Subsequent Event [Member]
Mar. 31, 2014
NutraCea [Member]
Representative
Mar. 31, 2013
NutraCea [Member]
Dec. 31, 2013
NutraCea [Member]
Representative
Dec. 31, 2012
NutraCea [Member]
Mar. 31, 2014
Investors [Member]
Representative
Dec. 31, 2013
Investors [Member]
Representative
Mar. 31, 2014
Investors [Member]
Nutra SA [Member]
Mar. 31, 2013
Investors [Member]
Nutra SA [Member]
Dec. 31, 2013
Investors [Member]
Nutra SA [Member]
May 15, 2014
Investors [Member]
Nutra SA [Member]
Subsequent Event [Member]
Mar. 25, 2014
Investors [Member]
Nutra SA [Member]
Subsequent Event [Member]
Summary of carrying amounts included in consolidated balance sheets [Abstract]                                              
Cash and cash equivalents $ 4,798,000 $ 5,091,000 $ 214,000 $ 1,040,000 $ 3,329,000     $ 1,132,000 $ 1,686,000 $ 562,000                          
Other current assets (restricted $1,116 and $1,967) 1,235,000 833,000   975,000       4,521,000 4,546,000 5,675,000                          
Property, net 27,804,000 24,958,000   28,457,000       19,690,000 17,672,000 19,690,000                          
Goodwill and intangibles, net               4,865,000 4,812,000 6,215,000                          
Other noncurrent assets 397,000 532,000   385,000       38,000 27,000 54,000                          
Total assets 52,661,000 44,578,000   47,006,000       30,246,000 28,743,000 32,196,000                          
Current liabilities 21,027,000 18,961,000   15,533,000       6,982,000 6,514,000 5,141,000                          
Current portion of long-term debt (nonrecourse) 8,421,000 8,250,000   8,003,000       6,828,000 6,262,000 7,013,000                          
Long-term debt, less current portion (nonrecourse) 13,441,000 10,919,000   11,581,000       6,791,000 6,658,000 7,454,000                          
Total liabilities 40,789,000 31,565,000   33,308,000       20,601,000 19,434,000 21,479,000                          
Restricted portion of other current assets               1,116,000 1,967,000 2,505,000                          
Variable interest entity restricted portion of property, net               4,947,000 4,969,000 5,757,000                          
Summary of changes for redeemable noncontrolling interest [Roll Forward]                                              
Redeemable noncontrolling interest in Nutra SA, beginning of period 7,177,000 9,262,000                     7,177,000 9,262,000 9,262,000 9,918,000              
Investors' interest in net loss of Nutra SA                         (920,000) (485,000) (2,619,000) (1,627,000)              
Investors' interest in accumulated other comprehensive income of Nutra SA                         168,000 72,000 (666,000) (529,000)              
Redeemable noncontrolling interest in Nutra SA, end of period 6,425,000 7,177,000                     6,425,000 8,849,000 7,177,000 9,262,000              
Average ownership percentage of noncontrolling owner (in hundredths)                                     45.20% 49.10%      
Ownership percentage of noncontrolling owner (in hundredths)                     41.90% 56.70%             43.30%   45.90% 58.10% 43.30%
Yield earned beginning in January, 2014 (in hundredths)                                     4.00%   4.00%    
Accrued yield in other expense                                     100,000        
Distributable cash terms (i) first, to the Investors in an amount equal to 2.3 times the Investors’ capital contributions, less the aggregate amount of distributions paid to the Investors, (ii) second, to us in an amount equal to twice the capital contributions made by us, less the aggregate amount of distributions paid to us; and (iii) third, to us and the Investors in proportion to our respective membership interests. (i) first, to the Investors in an amount equal to a multiplier (Preference Multiple) times the Investors’ capital contributions, less the aggregate amount of distributions paid to the Investors, (ii) second, to us in an amount equal to two times the capital contributions made by us, less the aggregate amount of distributions paid to us; and (iii) third, to us and the Investors in proportion to our respective membership interests.                                          
Contributions to be made                                     1,900,000   4,900,000 1,100,000  
Terms of default A Nutra SA business plan deviation, defined as the occurrence in 2014 of a 20% unfavorable variation in two out of three of the following: (i) revenue, (ii) earnings before interest, taxes, depreciation and amortization (EBITDA) or (iii) debt, A Nutra SA EBITDA default, which is defined as the failure to achieve 85% of planned EBITDA for three consecutive quarters, A material problem, which is defined as a material problem in a facility (unrelated to changes in law, weather, etc.) likely to cause a Nutra SA business plan deviation or Nutra SA EBITDA default, which results in damages not at least 80% covered by insurance proceeds, Failure of Irgovel to meet minimum quarterly processing targets beginning in the second quarter of 2014, or Failure of Irgovel to achieve EBITDA of at least $4.0 million in any year after 2014. A Nutra SA business plan deviation, defined as the occurrence in 2014 of a 20% unfavorable variation in two out of three of the following: (i) revenue, (ii) earnings before interest, taxes, depreciation and amortization (EBITDA) or (iii) debt, A Nutra SA EBITDA default, which is defined as the failure to achieve 85% of planned EBITDA for three consecutive quarters, A material problem, which is defined as a material problem in a facility (unrelated to changes in law, weather, etc.) likely to cause a Nutra SA business plan deviation or Nutra SA EBITDA default, which results in damages not at least 80% covered by insurance proceeds, Failure of Irgovel to meet minimum quarterly processing targets beginning in the second quarter of 2014, or Failure of Irgovel to achieve EBITDA of at least $4.0 million in any year after 2014.                                          
Number of representatives in management committee                         3   3   2 2          
Number of representatives in management committee upon default                         2   2   3 3          
Threshold percentage of planned EBITDA for default calculation (in hundredths)               20.00% 85.00%                            
Threshold percentage of damages not covered by insurance proceeds for a material problem, minimum (in hundredths)               85.00% 80.00%                            
Threshold percentage of unfavorable variance for default calculation (in hundredths)               80.00% 20.00%                            
Minimum EBITDA triggering default status           4,000,000 4,000,000                                
Terms of qualifying event Any event prior to September 16, 2014, which results, or will result in, (i) a person or group of persons exercising the right to appoint members to our board of directors holding one third or more of the votes of all board members, (ii) the sale, exchange, pledge or use as guarantee of one half or more of our ownership interest in Nutra SA to a third party or (iii) the bankruptcy of RiceBran Technologies or Nutra SA. Any event prior to September 16, 2014, which results, or will result, in (i) a person or group of persons exercising the right to appoint members to our board of directors holding one third or more of the votes of all board members, (ii) the sale, exchange, pledge or use as guarantee of one half or more of our ownership interest in Nutra SA to a third party or (iii) the bankruptcy of RiceBran Technologies or Nutra SA.                                          
Drag Along Right termination amount                                     $ 50,000,000   $ 50,000,000