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v3.23.2

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The segment information is summarized as follows:
Business Segment Assets |  | June 30, 2023 |  | December 31, 2022
Human Nutrition and Health |  | $ | 1,173,567 |  |  | $ | 1,170,238 |
Animal Nutrition and Health |  | 176,015 |  |  | 175,972 |
Specialty Products |  | 176,258 |  |  | 177,187 |
Other and Unallocated (1) |  | 93,391 |  |  | 101,115 |
Total |  | $ | 1,619,231 |  |  | $ | 1,624,512 |
Business Segment Net Sales |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Human Nutrition and Health |  | $ | 135,669 |  |  | $ | 131,628 |  |  | $ | 268,322 |  |  | $ | 254,073 |
Animal Nutrition and Health |  | 61,329 |  |  | 62,600 |  |  | 126,218 |  |  | 131,942 |
Specialty Products |  | 32,726 |  |  | 36,647 |  |  | 64,957 |  |  | 69,981 |
Other and Unallocated (2) |  | 1,528 |  |  | 5,818 |  |  | 4,295 |  |  | 9,564 |
Total |  | $ | 231,252 |  |  | $ | 236,693 |  |  | $ | 463,792 |  |  | $ | 465,560 |
Business Segment Earnings Before Income Taxes |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Human Nutrition and Health |  | $ | 27,499 |  |  | $ | 23,705 |  |  | $ | 45,934 |  |  | $ | 44,008 |
Animal Nutrition and Health |  | 7,662 |  |  | 7,586 |  |  | 17,160 |  |  | 18,907 |
Specialty Products |  | 9,298 |  |  | 9,919 |  |  | 17,244 |  |  | 17,680 |
Other and Unallocated (2) |  | (1,623) |  |  | (1,290) |  |  | (3,094) |  |  | (2,339) |
Interest and other expense |  | (4,436) |  |  | (662) |  |  | (9,725) |  |  | (1,368) |
Total |  | $ | 38,400 |  |  | $ | 39,258 |  |  | $ | 67,519 |  |  | $ | 76,888 |
Depreciation/Amortization |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Human Nutrition and Health |  | $ | 9,265 |  |  | $ | 7,392 |  |  | $ | 18,927 |  |  | $ | 14,747 |
Animal Nutrition and Health |  | 2,123 |  |  | 1,668 |  |  | 3,768 |  |  | 3,329 |
Specialty Products |  | 1,811 |  |  | 1,899 |  |  | 3,609 |  |  | 3,831 |
Other and Unallocated (2) |  | 229 |  |  | 974 |  |  | 770 |  |  | 1,954 |
Total |  | $ | 13,428 |  |  | $ | 11,933 |  |  | $ | 27,074 |  |  | $ | 23,861 |
Capital Expenditures |  | Six Months Ended June 30,
|  | 2023 |  | 2022
Human Nutrition and Health |  | $ | 13,785 |  |  | $ | 11,006 |
Animal Nutrition and Health |  | 2,130 |  |  | 6,559 |
Specialty Products |  | 1,447 |  |  | 2,206 |
Other and Unallocated (2) |  | 151 |  |  | 338 |
Total |  | $ | 17,513 |  |  | $ | 20,109 |
(1) Other and Unallocated assets consist of certain cash, capitalized loan issuance costs, other assets, investments, and income taxes, which the Company does not allocate to its individual business segments. It also includes assets associated with a few minor businesses which individually do not meet the quantitative thresholds for separate presentation.
(2) Other and Unallocated consists of a few minor businesses which individually do not meet the quantitative thresholds for separate presentation and corporate expenses that have not been allocated to a segment. Unallocated corporate expenses consist of: (i) Transaction and integration costs and unallocated legal fee s totaling $651 and $1,216 for th e three and six months ended June 30, 2023, respectively, and $872 and $1,176 for the three and six months ended June 30, 2022, respectively, and (ii) Unallocated amortization expense of $0 and $312 for the three and six months ended June 30, 2023, and $741 and $1,479 for the three and six months ended June 30, 2022, respectively, related to an intangible asset in connection with a company-wide ERP system implementation.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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