Segment Results and Concentrations

3 Months Ended

Mar. 31, 2015

Segment Results and Concentrations [Abstract]

Segment Results and Concentrations

Note 8. 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 March 31,
2015	Beer Related			Pubs			Total
Net sales	$	35,558		$	6,151		$	41,709
Gross profit	$	10,566		$	596		$	11,162
Gross margin		29.7	%		9.7	%		26.8	%
2014
Net sales	$	37,814		$	6,012		$	43,826
Gross profit	$	11,047		$	793		$	11,840
Gross margin		29.2	%		13.2	%		27.0	%

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 March 31,
2015			2014
	78.7	%		80.5	%

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

March 31, 2015			December 31, 2014
	65.1	%		66.8	%