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Equity and EPS | 6 Months Ended
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Jun. 30, 2021
Equity [Abstract] |
Equity and EPS | Equity and EPS The computations of basic and diluted EPS:
|  | Quarter Ended June 30, |  | Year to Date Ended June 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Operations: |  |  |  |  |  |  |  |
Net income(a) |  | $ | 20,059 |  |  | $ | 8,490 |  |  | $ | 35,486 |  |  | $ | 18,332 |
Less: Income attributable to participating securities(b) |  | 150 |  |  | 57 |  |  | 299 |  |  | 123 |
Less: net loss attributable to noncontrolling interest |  | (76) |  |  | — |  |  | (76) |  |  | — |
Net income attributable to MGP Ingredients, Inc. |  | $ | 19,985 |  |  | $ | 8,433 |  |  | $ | 35,263 |  |  | $ | 18,209 |
Share information: |  |  |  |  |  |  |  |
Basic and diluted weighted average common shares(c) |  | 21,916,721 |  |  | 16,899,079 |  |  | 19,436,143 |  |  | 16,956,502 |
Basic and diluted EPS |  | $ | 0.91 |  |  | $ | 0.50 |  |  | $ | 1.81 |  |  | $ | 1.07 |
(a)Net income attributable to all shareholders. (b)Participating securities included 166,674 and 116,127 unvested restricted stock units (“RSUs”), at June 30, 2021 and 2020, respectively. (c)Under the two-class method, basic and diluted weighted average common shares at June 30, 2021 and 2020 exclude unvested participating securities. Share Issuance. On April 1, 2021, as part of the consideration for the Merger, the Company issued 5,007,833 shares of common stock. The shares issued represented approximately 22.8 percent of the Company’s outstanding stock immediately following the closing of the Merger. Share Repurchase. On February 25, 2019, MGP’s Board of Directors approved a $25,000 share repurchase authorization commencing February 27, 2019, through February 27, 2022. Under the share repurchase program, the Company can repurchase stock from time to time for cash in open market purchases, block transactions, and privately negotiated transactions in accordance with applicable federal securities laws. This share repurchase program may be modified, suspended, or terminated by the Company at any time without prior notice. The Company did not repurchase any shares during the year to date ended June 30, 2021 and has $20,947 remaining under the share repurchase plan. During the year to date ended June 30, 2020, the Company repurchased approximately 159,104 shares of MGP Common Stock for $4,053. The Common Stock share activity:
| Shares Outstanding
| Capital Stock Preferred |  | Common Stock
Balance, December 31, 2021 | 437 |  |  | 16,915,862 |
Issuance of Common Stock | — |  |  | 35,114 |
Repurchase of Common Stock (a) | — |  |  | (10,376) |
Balance, March 31, 2021 | 437 |  |  | 16,940,600 |
Issuance of Common Stock | — |  |  | 5,022,122 |
Repurchase of Common Stock(a) | — |  |  | (1,489) |
Balance, June 30, 2021 | 437 |  |  | 21,961,233 |
| Shares Outstanding
| Capital Stock Preferred |  | Common Stock
Balance, December 31, 2020 | 437 |  |  | 17,028,125 |
Issuance of Common Stock | — |  |  | 36,545 |
Repurchase of Common Stock(b) | — |  |  | (169,148) |
Balance, March 31, 2020 | 437 |  |  | 16,895,522 |
Issuance of Common Stock | — |  |  | — |
Repurchase of Common Stock(a) | — |  |  | — |
Balance, June 30, 2020 | 437 |  |  | 16,895,522 |
(a)The Common Stock repurchases were for tax withholding on equity based compensation (b)159,104 shares that were repurchased during the quarter ended March 31, 2020 related to the share repurchase program. The remaining shares repurchased were related to tax withholding on equity based compensation

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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