Segment Results and Concentrations

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Results and Concentrations

Segment Results and Concentrations

Our chief operating decision maker monitors Net sales and gross margins of our Beer Related operations and our Pubs operations. Beer Related operations include the brewing operations and related beer sales of our Widmer Brothers, Redhook, Kona and Omission beer brands, as well as our Square Mile cider brand. Pubs operations primarily include our pubs, some of which are located adjacent to our Beer Related operations. We do not track operating results beyond the gross margin level or our assets on a segment level.

Net sales, Gross profit and gross margin information by segment was as follows (dollars in thousands):

	Three Months Ended September 30,
2015	Beer Related			Pubs			Total
Net sales	$	46,940		$	7,749		$	54,689
Gross profit	$	15,633		$	1,226		$	16,859
Gross margin	33.3		%	15.8		%	30.8		%
2014
Net sales	$	44,663		$	7,410		$	52,073
Gross profit	$	13,447		$	1,198		$	14,645
Gross margin	30.1		%	16.2		%	28.1		%
	Nine Months Ended September 30,
2015	Beer Related			Pubs			Total
Net sales	$	133,727		$	21,202		$	154,929
Gross profit	$	43,914		$	2,797		$	46,711
Gross margin	32.8		%	13.2		%	30.1		%
2014
Net sales	$	132,520		$	20,065		$	152,585
Gross profit	$	42,153		$	2,906		$	45,059
Gross margin	31.8		%	14.5		%	29.5		%

The segments use many of the same assets. For internal reporting purposes, we do not allocate assets by segment and, therefore, no asset by segment information is provided to our chief operating decision maker.

In preparing this financial information, certain expenses were allocated between the segments based on management estimates, while others were based on specific factors such as headcount. These factors can have a significant impact on the amount of Gross profit for each segment. While we believe we have applied a reasonable methodology, assignment of other reasonable cost allocations to each segment could result in materially different segment Gross profit.

Sales to wholesalers through the A-B Distributor Agreement represented the following percentage of our Sales:

Three Months Ended September 30,				Nine Months Ended September 30,
2015		2014		2015		2014
80.8	%	81.0	%	80.8	%	82.0	%

Receivables from A-B represented the following percentage of our Accounts receivable balance:

September 30, 2015		December 31, 2014
69.2	%	66.8	%