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Operating Segments (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents summarized financial information for each segment:
|  | Quarter Ended September 30, |  | Year to Date Ended September 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Sales to Customers |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 111,853 |  |  | $ | 108,644 |  |  | $ | 341,941 |  |  | $ | 327,291 |
Branded Spirits |  | 66,819 |  |  | 62,761 |  |  | 181,318 |  |  | 177,078 |
Ingredient Solutions |  | 32,952 |  |  | 29,741 |  |  | 98,376 |  |  | 86,994 |
Total |  | $ | 211,624 |  |  | $ | 201,146 |  |  | $ | 621,635 |  |  | $ | 591,363 |
Gross Profit |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 33,280 |  |  | $ | 25,917 |  |  | $ | 104,986 |  |  | $ | 94,630 |
Branded Spirits |  | 29,040 |  |  | 25,067 |  |  | 79,636 |  |  | 70,809 |
Ingredient Solutions |  | 11,128 |  |  | 8,064 |  |  | 34,945 |  |  | 24,654 |
Total |  | $ | 73,448 |  |  | $ | 59,048 |  |  | $ | 219,567 |  |  | $ | 190,093 |
Depreciation and Amortization |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 3,082 |  |  | $ | 2,929 |  |  | $ | 8,803 |  |  | $ | 8,716 |
Branded Spirits |  | 1,914 |  |  | 1,434 |  |  | 5,063 |  |  | 4,618 |
Ingredient Solutions |  | 619 |  |  | 613 |  |  | 1,899 |  |  | 1,838 |
Corporate |  | 167 |  |  | 357 |  |  | 507 |  |  | 1,085 |
Total |  | $ | 5,782 |  |  | $ | 5,333 |  |  | $ | 16,272 |  |  | $ | 16,257 |
Income (loss) before Income Taxes |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 13,930 |  |  | $ | 25,213 |  |  | $ | 84,187 |  |  | $ | 92,332 |
Branded Spirits |  | 7,199 |  |  | 9,776 |  |  | 25,577 |  |  | 28,016 |
Ingredient Solutions |  | 9,408 |  |  | 6,822 |  |  | 30,255 |  |  | 21,770 |
Corporate |  | (13,076) |  |  | (10,650) |  |  | (39,103) |  |  | (29,720) |
Total |  | $ | 17,461 |  |  | $ | 31,161 |  |  | $ | 100,916 |  |  | $ | 112,398 |
Schedule of Segment Reporting Identifiable Assets | The following table allocates assets to each segment as of:
|  | September 30, 2023 |  | December 31, 2022
Identifiable Assets |  |  |  |
Distilling Solutions |  | $ | 351,154 |  |  | $ | 350,068 |
Branded Spirits |  | 895,139 |  |  | 698,985 |
Ingredient Solutions |  | 79,828 |  |  | 63,943 |
Corporate |  | 40,244 |  |  | 45,215 |
Total |  | $ | 1,366,365 |  |  | $ | 1,158,211 |

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