XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.22.4

OPERATING SEGMENTS | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment Reporting [Abstract] |
OPERATING SEGMENTS | OPERATING SEGMENTSAt December 31, 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, barrel storage, and barrel retrieval services. The Branded Spirits segment consists of a portfolio of high quality branded spirits which are produced through the distilleries and bottling facilities. 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 SG&A, interest expense, and other general miscellaneous expenses are excluded from segment operations and are classified as Corporate. Receivables, inventories, and equipment have been identified with the segments to which they relate. All other assets are considered as Corporate.
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020 |  |
Sales to customers: |  |  |  |  |  |  |
Distilling Solutions | $ | 428,478 |  |  | $ | 352,504 |  |  | $ | 313,309 |  |  |
Branded Spirits | 237,939 |  |  | 183,566 |  |  | 4,149 |  |  |
Ingredient Solutions | 115,941 |  |  | 90,650 |  |  | 78,063 |  |  |
Total(a) | $ | 782,358 |  |  | $ | 626,720 |  |  | $ | 395,521 |  |  |
Gross profit: |  |  |  |  |  |  |
Distilling Solutions | $ | 126,282 |  |  | $ | 114,106 |  |  | $ | 75,773 |  |  |
Branded Spirits | 95,521 |  |  | 62,644 |  |  | 2,187 |  |  |
Ingredient Solutions | 31,503 |  |  | 22,215 |  |  | 20,846 |  |  |
Total | $ | 253,306 |  |  | $ | 198,965 |  |  | $ | 98,806 |  |  |
Depreciation and amortization: |  |  |  |  |  |  |
Distilling Solutions | $ | 11,641 |  |  | $ | 10,766 |  |  | $ | 9,816 |  |  |
Branded Spirits | 5,909 |  |  | 5,138 |  |  | 100 |  |  |
Ingredient Solutions | 2,473 |  |  | 2,069 |  |  | 1,871 |  |  |
Corporate | 1,432 |  |  | 1,119 |  |  | 1,174 |  |  |
Total | $ | 21,455 |  |  | $ | 19,092 |  |  | $ | 12,961 |  |  |
Income (loss) before income taxes: |  |  |  |  |  |  |
Distilling Solutions | $ | 121,651 |  |  | $ | 110,317 |  |  | $ | 73,533 |  |  |
Branded Spirits | 33,333 |  |  | 20,742 |  |  | (2,510) |  |  |
Ingredient Solutions | 27,532 |  |  | 19,194 |  |  | 18,024 |  |  |
Corporate | (42,344) |  |  | (29,157) |  |  | (36,446) |  |  |
Total | $ | 140,172 |  |  | $ | 121,096 |  |  | $ | 52,601 |  |  |
(a)Sales revenue from foreign sources totaled $56,719, $42,593, and $23,905 for the years ended December 31, 2022, 2021, and 2020, respectively, and is largely derived from the United Kingdom, Japan, Thailand, Canada, and Mexico. The balance of total sales revenue is from domestic sources.
| December 31,
| 2022 |  | 2021
Identifiable Assets |  |  |
Distilling Solutions | $ | 350,068 |  |  | $ | 314,816 |
Branded Spirits | 698,985 |  |  | 658,826 |
Ingredient Solutions | 63,943 |  |  | 43,009 |
Corporate | 45,215 |  |  | 24,816 |
Total(a) | $ | 1,158,211 |  |  | $ | 1,041,467 |
(a)As of December 31, 2022, the Company had $14,209 of assets located in Northern Ireland, $3,042 of which were long-lived assets. As of December 31, 2021, the Company had $12,758 of assets located in Northern Ireland, $2,930 of which were long-lived assets.

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