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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Sales to customers: $ 626,720 $ 395,521 $ 362,745
Cost of sales 427,755 296,715 286,213
Gross profit 198,965 98,806 76,532
Advertising and promotion expenses 16,098 2,712 2,827
Selling, general, and administrative expenses 72,829 41,853 26,463
Insurance recoveries (16,325) 0 0
Operating income 126,363 54,241 47,242
Interest expense (4,037) (2,267) (1,305)
Other income (loss), net (1,230) 627 0
Income before income taxes 121,096 52,601 45,937
Income tax expense 30,279 12,256 7,144
Net income 90,817 40,345 38,793
Net loss attributable to noncontrolling interest 490 0 0
Net income attributable to MGP Ingredients, Inc. 91,307 40,345 38,793
Income attributable to participating securities, basic (712) (261) (253)
Income attributable to participating securities, diluted (712) (261) (253)
Net income used in Earnings Per Share calculation, basic 90,595 40,084 38,540
Net income used in Earnings Per Share calculation, diluted $ 90,595 $ 40,084 $ 38,540
Weighted average common shares      
Weighted average common shares, basic (in shares) 20,719,663 16,937,125 17,012,288
Weighted average common shares, diluted (in shares) 20,982,453 16,937,125 17,012,288
Earnings Per Share      
Earnings per share, basic (in dollars per share) $ 4.37 $ 2.37 $ 2.27
Earnings per share, diluted (in dollars per share) $ 4.34 $ 2.37 $ 2.27