|
Segment Reporting (Restated) (Tables)
|
12 Months Ended |
|
Aug. 31, 2012
|
| Segment Reporting [Abstract] |
|
| Segment Wide Reporting Information |
| Year Ended
August 31, |
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
| |
|
(As restated, see Note
2) |
|
| |
|
(Dollars in
thousands) |
|
|
Sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial
ingredients
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial
Starch
|
|
$ |
156,945 |
|
|
$ |
127,471 |
|
|
$ |
115,681 |
|
|
Ethanol
|
|
|
101,874 |
|
|
|
105,730 |
|
|
|
68,335 |
|
|
By-products
|
|
|
71,788 |
|
|
|
58,322 |
|
|
|
40,243 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
330,607 |
|
|
$ |
291,523 |
|
|
$ |
224,259 |
|
|
Food ingredients
|
|
|
102,544 |
|
|
|
82,240 |
|
|
|
70,258 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
433,151 |
|
|
$ |
373,763 |
|
|
$ |
294,517 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial
ingredients
|
|
$ |
10,879 |
|
|
$ |
10,812 |
|
|
$ |
10,850 |
|
|
Food ingredients
|
|
|
1,989 |
|
|
|
2,110 |
|
|
|
2,341 |
|
|
Corporate and
other
|
|
|
1,259 |
|
|
|
1,493 |
|
|
|
1,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
14,127 |
|
|
$ |
14,415 |
|
|
$ |
14,791 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from
continuing operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial
ingredients
|
|
$ |
(928 |
) |
|
$ |
(4,718 |
) |
|
$ |
(11,512 |
) |
|
Food ingredients
|
|
|
21,591 |
|
|
|
18,037 |
|
|
|
15,145 |
|
|
Corporate and
other
|
|
|
(10,604 |
) |
|
|
(8,874 |
) |
|
|
(8,493 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,059 |
|
|
$ |
4,445 |
|
|
$ |
(4,860 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures,
net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial
ingredients
|
|
$ |
8,700 |
|
|
$ |
6,625 |
|
|
$ |
4,713 |
|
|
Food ingredients
|
|
|
5,446 |
|
|
|
1,663 |
|
|
|
1,267 |
|
|
Corporate and
other
|
|
|
—
|
|
|
|
7 |
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
14,146 |
|
|
$ |
8,295 |
|
|
$ |
5,980 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets by Segment |
|
|
|
|
|
|
|
|
|
| |
|
August 31, |
|
| |
|
2012 |
|
|
2011 |
|
| |
|
(Dollars in
thousands) |
|
|
Total assets
|
|
|
|
|
|
|
|
|
|
Industrial
ingredients
|
|
$ |
143,039 |
|
|
$ |
138,412 |
|
|
Food ingredients
|
|
|
63,949 |
|
|
|
42,252 |
|
|
Corporate and
other
|
|
|
29,191 |
|
|
|
31,750 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
236,179 |
|
|
$ |
212,414 |
|
|
|
|
|
|
|
|
|
|
|
| Reconciliation of Income (Loss) from Operations for Segments to Income (Loss) Before Income Taxes |
Reconciliation
of income (loss) from operations for the Company’s segments
to income (loss) before income taxes as reported in the
consolidated financial statements follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended
August 31, |
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
| |
|
(Dollars in
thousands) |
|
|
Income (loss) from
operations
|
|
$ |
10,059 |
|
|
$ |
4,445 |
|
|
$ |
(4,860 |
) |
|
Interest expense
|
|
|
(8,633 |
) |
|
|
(9,364 |
) |
|
|
(7,550 |
) |
|
Other non-operating income
(expense)
|
|
|
(6,186 |
) |
|
|
115 |
|
|
|
(1,921 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing
operations before income taxes
|
|
$ |
(4,760 |
) |
|
$ |
(4,804 |
) |
|
$ |
(14,331 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales, Attributed to Area to Which Product was Shipped |
Sales,
attributed to the area to which the product was shipped, are as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended
August 31, |
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
| |
|
(As restated, see Note
2) |
|
| |
|
(Dollars in
thousands) |
|
|
United States
|
|
$ |
400,070 |
|
|
$ |
346,893 |
|
|
$ |
271,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Canada
|
|
|
5,653 |
|
|
|
4,027 |
|
|
|
3,738 |
|
|
Mexico
|
|
|
12,761 |
|
|
|
9,221 |
|
|
|
6,996 |
|
|
Columbia
|
|
|
6,678 |
|
|
|
6,802 |
|
|
|
6,227 |
|
|
Japan
|
|
|
4,380 |
|
|
|
3,434 |
|
|
|
1,173 |
|
|
Other
|
|
|
3,609 |
|
|
|
3,386 |
|
|
|
5,098 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-United
States
|
|
|
33,081 |
|
|
|
26,870 |
|
|
|
23,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
433,151 |
|
|
$ |
373,763 |
|
|
$ |
294,517 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|