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Operating Segments (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents summarized financial information for each segment:
|  | Quarter Ended June 30, |  | Year to Date Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Sales to Customers |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 116,865 |  |  | $ | 107,138 |  |  | $ | 230,088 |  |  | $ | 218,647 |
Branded Spirits |  | 57,616 |  |  | 58,566 |  |  | 114,499 |  |  | 114,317 |
Ingredient Solutions |  | 34,520 |  |  | 29,278 |  |  | 65,424 |  |  | 57,253 |
Total |  | $ | 209,001 |  |  | $ | 194,982 |  |  | $ | 410,011 |  |  | $ | 390,217 |
Gross Profit |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 38,678 |  |  | $ | 29,780 |  |  | $ | 71,706 |  |  | $ | 68,713 |
Branded Spirits |  | 26,003 |  |  | 20,960 |  |  | 50,596 |  |  | 45,742 |
Ingredient Solutions |  | 11,614 |  |  | 8,484 |  |  | 23,817 |  |  | 16,590 |
Total |  | $ | 76,295 |  |  | $ | 59,224 |  |  | $ | 146,119 |  |  | $ | 131,045 |
Depreciation and Amortization |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 2,870 |  |  | $ | 2,926 |  |  | $ | 5,721 |  |  | $ | 5,787 |
Branded Spirits |  | 1,658 |  |  | 1,402 |  |  | 3,149 |  |  | 3,184 |
Ingredient Solutions |  | 622 |  |  | 613 |  |  | 1,280 |  |  | 1,225 |
Corporate |  | 169 |  |  | 362 |  |  | 340 |  |  | 728 |
Total |  | $ | 5,319 |  |  | $ | 5,303 |  |  | $ | 10,490 |  |  | $ | 10,924 |
Income (loss) before Income Taxes |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 37,956 |  |  | $ | 29,127 |  |  | $ | 70,257 |  |  | $ | 67,119 |
Branded Spirits |  | 9,221 |  |  | 7,454 |  |  | 18,378 |  |  | 18,240 |
Ingredient Solutions |  | 10,001 |  |  | 7,477 |  |  | 20,847 |  |  | 14,948 |
Corporate |  | (14,410) |  |  | (11,357) |  |  | (26,027) |  |  | (19,070) |
Total |  | $ | 42,768 |  |  | $ | 32,701 |  |  | $ | 83,455 |  |  | $ | 81,237 |
Schedule of Segment Reporting Identifiable Assets | The following table allocates assets to each segment as of:
|  | June 30, 2023 |  | December 31, 2022
Identifiable Assets |  |  |  |
Distilling Solutions |  | $ | 396,306 |  |  | $ | 350,068 |
Branded Spirits |  | 894,117 |  |  | 698,985 |
Ingredient Solutions |  | 76,369 |  |  | 63,943 |
Corporate |  | 28,337 |  |  | 45,215 |
Total |  | $ | 1,395,129 |  |  | $ | 1,158,211 |

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