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OPERATING SEGMENTS (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents summarized financial information for each segment:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021 |  |
Sales to customers: |  |  |  |  |  |  |
Distilling Solutions | $ | 450,854 |  |  | $ | 428,478 |  |  | $ | 352,504 |  |  |
Branded Spirits | 253,933 |  |  | 237,939 |  |  | 183,566 |  |  |
Ingredient Solutions | 131,736 |  |  | 115,941 |  |  | 90,650 |  |  |
Total(a) | $ | 836,523 |  |  | $ | 782,358 |  |  | $ | 626,720 |  |  |
Gross profit: |  |  |  |  |  |  |
Distilling Solutions | $ | 144,964 |  |  | $ | 126,282 |  |  | $ | 114,106 |  |  |
Branded Spirits | 112,781 |  |  | 95,521 |  |  | 62,644 |  |  |
Ingredient Solutions | 46,967 |  |  | 31,503 |  |  | 22,215 |  |  |
Total | $ | 304,712 |  |  | $ | 253,306 |  |  | $ | 198,965 |  |  |
Depreciation and amortization: |  |  |  |  |  |  |
Distilling Solutions | $ | 11,833 |  |  | $ | 11,641 |  |  | $ | 10,766 |  |  |
Branded Spirits | 6,952 |  |  | 5,909 |  |  | 5,138 |  |  |
Ingredient Solutions | 2,574 |  |  | 2,473 |  |  | 2,069 |  |  |
Corporate | 754 |  |  | 1,432 |  |  | 1,119 |  |  |
Total | $ | 22,113 |  |  | $ | 21,455 |  |  | $ | 19,092 |  |  |
Income (loss) before income taxes: |  |  |  |  |  |  |
Distilling Solutions | $ | 122,145 |  |  | $ | 121,651 |  |  | $ | 110,317 |  |  |
Branded Spirits | 33,829 |  |  | 33,333 |  |  | 20,742 |  |  |
Ingredient Solutions | 40,729 |  |  | 27,532 |  |  | 19,194 |  |  |
Corporate | (54,957) |  |  | (42,344) |  |  | (29,157) |  |  |
Total | $ | 141,746 |  |  | $ | 140,172 |  |  | $ | 121,096 |  |  |
(a)Sales revenue from foreign sources totaled $49,822, $56,719, and $42,593 for the years ended December 31, 2023, 2022, and 2021, respectively, and is largely derived from the United Kingdom, Japan, Canada, Mexico, and Australia. The balance of total sales revenue is from domestic sources.
Schedule of Segment Reporting Identifiable Assets |
| December 31,
| 2023 |  | 2022
Identifiable Assets |  |  |
Distilling Solutions | $ | 369,241 |  |  | $ | 350,068 |
Branded Spirits | 910,633 |  |  | 698,985 |
Ingredient Solutions | 88,846 |  |  | 63,943 |
Corporate | 23,628 |  |  | 45,215 |
Total(a) | $ | 1,392,348 |  |  | $ | 1,158,211 |
(a)As of December 31, 2023 and 2022, the Company had $3,524 and $3,042, respectively, of long-lived assets located in Northern Ireland.

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