Reportable Segments

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Reportable Segments

REPORTABLE SEGMENTS

The Company reports its reportable segments based on products and services provided to customers, which include Biomass-based diesel, Services and Corporate and other. The Company re-assesses its reportable segments on an annual basis. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company has chosen to differentiate the reportable segments based on the products and services each segment offers.

The Biomass-based diesel segment processes waste vegetable oils, animal fats, virgin vegetable oils and other feedstocks and methanol into biomass-based diesel. The Biomass-based diesel segment also includes the Company’s purchases and resale of biomass-based diesel produced by third parties. Revenues are derived from the purchases and sales of biomass-based diesel and raw material feedstocks acquired from third parties, sales of biomass-based diesel produced under toll manufacturing arrangements with third party facilities, sales of processed biomass-based diesel from Company facilities, sales of RINs, related by-products and renewable energy government incentive payments. The Services segment offers services for managing the construction of biomass-based diesel production facilities and managing ongoing operations of internal and third party plants and collects fees related to the services provided. The Company does not allocate items that are of a non-operating nature or corporate expenses to the business segments. Intersegment revenues are reported by the Services segment, which manages the construction and operations of facilities included in the Biomass-based diesel segment. Revenues are recorded by the Services segment at cost. Corporate expenses consist of corporate office expenses including compensation, benefits, occupancy and other administrative costs, including management service expenses.

The following table represents the significant items by reportable segment:

	Three Months   Ended   September 30,   2015			Three Months   Ended   September 30,   2014			Nine Months   Ended   September 30,   2015			Nine Months   Ended   September 30,   2014
Net revenues:
Biomass-based diesel	$	394,824		$	384,126		$	999,371		$	935,997
Services	31,161			25,422			81,625			72,012
Intersegment revenues	(31,129		)	(25,290		)	(81,460		)	(71,793		)
	$	394,856		$	384,258		$	999,536		$	936,216
Income (loss) before income taxes:
Biomass-based diesel	$	873		$	22,603		$	(6,948	)	$	49,278
Services	5			112			54			152
Corporate and other (a)	(17,599		)	(18,391		)	(51,898		)	(48,484		)
	$	(16,721	)	$	4,324		$	(58,792	)	$	946
Depreciation and amortization expense, net:
Biomass-based diesel	$	5,685		$	3,509		$	16,187		$	8,934
Services	79			55			217			148
Corporate and other (a)	653			335			1,973			856
	$	6,417		$	3,899		$	18,377		$	9,938
Cash paid for purchases of property, plant and equipment:
Biomass-based diesel	$	31,953		$	9,749		$	57,498		$	40,655
Services	230			12			1,355			643
Corporate and other (a)	1,124			3,508			2,161			4,281
	$	33,307		$	13,269		$	61,014		$	45,579

	As of September 30, 2015		As of December 31, 2014
Assets:
Biomass-based diesel	$	951,207	$	899,211
Services	21,940		20,750
Corporate and other (b)	199,080		452,927
	$	1,172,227	$	1,372,888

(a) Corporate and other includes income/(expense) not associated with the reportable segments, such as corporate general and administrative expenses, shared service expenses, interest expense and interest income.

(b) Corporate and other includes cash and other assets not associated with the reportable segments, including investments.

Geographic Information:

The following geographic data include net sales attributed to the countries based on the location of the subsidiary making the sale and long-lived assets based on physical location. Long-lived assets represent the net book value of property, plant and equipment.

	Three Months   Ended   September 30,   2015		Three Months   Ended   September 30,   2014		Nine Months   Ended   September 30,   2015		Nine Months   Ended   September 30,   2014
Net revenues:
United States	$	354,079	$	384,258	$	890,685	$	936,216
Foreign	40,777		—		108,851		—
	$	394,856	$	384,258	$	999,536	$	936,216

	As of As of, September 30, 2015		As of As of, December 31, 2014
Long-lived assets:
United States	$	541,297	$	468,170
Foreign	21,775		25,026
	$	563,072	$	493,196