XML 34 R18.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Operating Segments | 9 Months Ended
--- | ---
Sep. 30, 2022
Segment Reporting [Abstract] |
Operating Segments | Operating Segments At September 30, 2022, the Company had three segments: Distilling Solutions, Branded Spirits, and Ingredient Solutions. The Distilling Solutions segment consists of food grade alcohol and distillery co-products, such as distillers feed (commonly called dried distillers grain in the industry) and fuel grade alcohol. The Distilling Solutions segment also includes warehouse services, including barrel put away, storage, retrieval, and blending services. The Branded Spirits segment consists of producing, importing, bottling and rectifying of distilled spirits. Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. Operating profit for each segment is based on sales less identifiable operating expenses. Non-direct selling, general and administrative expenses, interest expense, other special charges, and other general miscellaneous expenses are excluded from segment operations and are classified as Corporate. Receivables, inventories, property, plant and equipment, leases, goodwill and intangible assets have been identified with the segments to which they relate. All other assets are considered as Corporate.
|  | Quarter Ended September 30, |  | Year to Date Ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Sales to Customers |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 108,644 |  |  | $ | 91,044 |  |  | $ | 327,291 |  |  | $ | 270,016 |
Branded Spirits |  | 62,761 |  |  | 61,561 |  |  | 177,078 |  |  | 122,557 |
Ingredient Solutions |  | 29,741 |  |  | 24,006 |  |  | 86,994 |  |  | 67,300 |
Total |  | $ | 201,146 |  |  | $ | 176,611 |  |  | $ | 591,363 |  |  | $ | 459,873 |
Gross Profit |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 25,917 |  |  | $ | 26,981 |  |  | $ | 94,630 |  |  | $ | 87,211 |
Branded Spirits |  | 25,067 |  |  | 23,217 |  |  | 70,809 |  |  | 41,737 |
Ingredient Solutions |  | 8,064 |  |  | 6,888 |  |  | 24,654 |  |  | 17,264 |
Total |  | $ | 59,048 |  |  | $ | 57,086 |  |  | $ | 190,093 |  |  | $ | 146,212 |
Depreciation and Amortization |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 2,929 |  |  | $ | 2,695 |  |  | $ | 8,716 |  |  | $ | 7,900 |
Branded Spirits |  | 1,434 |  |  | 1,743 |  |  | 4,618 |  |  | 3,481 |
Ingredient Solutions |  | 613 |  |  | 531 |  |  | 1,838 |  |  | 1,487 |
Corporate |  | 357 |  |  | 274 |  |  | 1,085 |  |  | 800 |
Total |  | $ | 5,333 |  |  | $ | 5,243 |  |  | $ | 16,257 |  |  | $ | 13,668 |
Income (loss) before Income Taxes |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 25,213 |  |  | $ | 26,047 |  |  | $ | 92,332 |  |  | $ | 84,225 |
Branded Spirits |  | 9,776 |  |  | 9,293 |  |  | 28,016 |  |  | 15,182 |
Ingredient Solutions |  | 6,822 |  |  | 6,214 |  |  | 21,770 |  |  | 15,121 |
Corporate |  | (10,650) |  |  | (10,207) |  |  | (29,720) |  |  | (36,668) |
Total |  | $ | 31,161 |  |  | $ | 31,347 |  |  | $ | 112,398 |  |  | $ | 77,860 |
The following table allocates assets to each segment as of:
|  | September 30, 2022 |  | December 31, 2021
Identifiable Assets |  |  |  |
Distilling Solutions |  | $ | 330,487 |  |  | $ | 314,816 |
Branded Spirits |  | 699,354 |  |  | 658,826 |
Ingredient Solutions |  | 57,061 |  |  | 43,009 |
Corporate |  | 45,173 |  |  | 24,816 |
Total |  | $ | 1,132,075 |  |  | $ | 1,041,467 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration