Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s operations include five reportable business segments that are distinguished primarily on the basis of products and services offered. The Grain business includes grain merchandising, the operation of terminal grain elevator facilities and the investments in LTG and Thompsons Limited. The Ethanol business purchases and sells ethanol and also manages the ethanol production facilities organized as limited liability companies, one is consolidated and three are investments accounted for under the equity method. There are various service contracts for these investments. Rail operations include the leasing, marketing and fleet management of railcars and other assets, railcar repair and metal fabrication. The Plant Nutrient business manufactures and distributes agricultural inputs, primarily fertilizer, to dealers and farmers, along with turf care and corncob-based products. The Retail business operates large retail stores, a specialty food market, a distribution center and a lawn and garden equipment sales and service facility. Included in “Other” are the corporate level costs not attributed to an operating segment.

The segment information below includes the allocation of expenses shared by one or more operating segments. Although management believes such allocations are reasonable, the operating information does not necessarily reflect how such data might appear if the segments were operated as separate businesses. Inter-segment sales are made at prices comparable to normal, unaffiliated customer sales. The Company does not have any customers who represent 10 percent or more of total revenues.

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015
Revenues from external customers
Grain	$	522,989	$	601,397	$	1,061,803	$	1,160,073
Ethanol	142,520		142,564		257,213		275,365
Plant Nutrient	320,036		357,186		487,027		511,137
Rail	40,342		45,523		79,951		89,739
Retail	38,357		41,034		66,129		69,615
Total	$	1,064,244	$	1,187,704	$	1,952,123	$	2,105,929

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2016		2015		2016		2015
Inter-segment sales
Grain	$	174	$	440	$	1,625	$	2,129
Plant Nutrient	114		148		361		465
Rail	355		243		734		424
Total	$	643	$	831	$	2,720	$	3,018

	Three months ended June 30,						Six months ended June 30,
(in thousands)	2016			2015			2016			2015
Income (loss) before income taxes
Grain	$	(13,037	)	$	3,149		$	(30,442	)	$	3,892
Ethanol	6,187			9,667			3,507			14,946
Plant Nutrient	23,535			18,873			25,239			19,297
Rail	6,569			21,689			15,944			32,002
Retail	1,010			1,469			(1,066		)	(714		)
Other	(2,173		)	(5,786		)	(13,073		)	(15,173		)
Noncontrolling interests	1,018			1,306			92			1,155
Total	$	23,109		$	50,367		$	201		$	55,405

(in thousands)	June 30, 2016		December 31, 2015		June 30, 2015
Identifiable assets
Grain	$	879,055	$	1,010,810	$	867,655
Ethanol	192,470		183,080		194,359
Plant Nutrient	448,225		531,753		517,586
Rail	388,456		405,702		395,798
Retail	43,878		44,135		45,194
Other	155,331		183,621		131,773
Total	$	2,107,415	$	2,359,101	$	2,152,365