XML 31 R12.htm IDEA: XBRL DOCUMENT v3.24.0.1
REVENUE
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The Company generates revenue from the Distilling Solutions segment by the sale of products and by providing warehouse services related to the storage and aging of customer products. The Company generates revenue from the Branded Spirits segment by the sale of products and by providing contract bottling services. The Company generates revenue from the Ingredient Solutions segment by the sale of products. Revenue related to sales of products is recognized at a point in time whereas revenue generated from warehouse services and contract bottling services are recognized over time. Contracts with customers include a single performance obligation (either the sale of products or the provision of warehouse services and contract bottling service).
Disaggregation of Sales. The following table presents the Company’s sales disaggregated by segment and major products and services.
Year Ended December 31,
202320222021
Distilling Solutions
Brown Goods$289,191 $229,523 $162,074 
White Goods58,645 74,510 75,818 
Premium beverage alcohol347,836 304,033 237,892 
Industrial alcohol38,010 46,812 62,628 
Food grade alcohol385,846 350,845 300,520 
Fuel grade alcohol7,798 13,681 14,916 
Distillers feed and related co-products28,578 40,354 19,545 
Warehouse services28,632 23,598 17,523 
Total Distilling Solutions450,854 428,478 352,504 
Branded Spirits
Ultra premium63,748 48,245 27,722 
Super premium13,424 12,274 8,937 
Premium28,293 24,211 17,626 
Premium plus105,465 84,730 54,285 
Mid 75,676 82,530 71,292 
Value47,907 47,395 38,520 
Other24,885 23,284 19,469 
Total Branded Spirits 253,933 237,939 183,566 
Ingredient Solutions
Specialty wheat starches66,050 62,567 47,758 
Specialty wheat proteins48,291 39,313 31,485 
Commodity wheat starch16,413 14,023 10,014 
Commodity wheat protein982 38 1,393 
Total Ingredient Solutions131,736 115,941 90,650 
Total Sales
$836,523 $782,358 $626,720