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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 21,568 $ 21,662
Receivables (less allowance for credit loss at $150 and $24 at December 31, 2021 and 2020, respectively) 92,537 56,966
Inventory 245,944 141,011
Prepaid expenses 1,510 2,644
Refundable income taxes 5,539 0
Total current assets 367,098 222,283
Property, plant, and equipment, net 207,286 131,992
Operating lease right-of-use assets, net 9,671 5,151
Investment in joint venture 4,944 0
Intangible assets, net 218,838 890
Goodwill 226,294 2,738
Other assets 7,336 3,521
Total assets 1,041,467 366,575
Current Liabilities    
Current maturities of long-term debt 3,227 1,600
Accounts payable 53,712 30,273
Federal and state excise taxes payable 6,992 107
Income taxes payable 0 704
Accrued expenses and other 24,869 20,645
Total current liabilities 88,800 53,329
Long-term debt, less current maturities 35,266 38,271
Convertible senior notes 194,906 0
Long-term operating lease liabilities 6,997 3,057
Other noncurrent liabilities 5,132 7,094
Deferred income taxes 66,101 2,298
Total liabilities 397,202 104,049
Commitments and Contingencies – Note 10
Capital stock    
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares 4 4
Common stock    
No par value; authorized 40,000,000 shares; issued 23,125,166 and 18,115,965 shares at December 31, 2021 and 2020, respectively; 21,964,314 and 16,915,862 shares outstanding at December 31, 2021 and 2020, respectively 6,715 6,715
Additional paid-in capital 315,802 15,503
Retained earnings 344,237 262,943
Accumulated other comprehensive income 354 486
Treasury stock, at cost, 1,160,852 and 1,200,103 shares at December 31, 2021 and 2020, respectively (22,357) (23,125)
Total MGP Ingredients, Inc. stockholders equity 644,755 262,526
Noncontrolling interest (490) 0
Total equity 644,265 262,526
Total liabilities and equity $ 1,041,467 $ 366,575