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Operating Segments (Tables)

6 Months Ended

Jun. 30, 2024

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,
						2024						2023						2024						2023
Sales to Customers
Distilling Solutions						$	93,388					$	116,865					$	178,240					$	230,088
Branded Spirits						64,041						57,616						114,187						114,499
Ingredient Solutions						33,376						34,520						68,941						65,424
Total						$	190,805					$	209,001					$	361,368					$	410,011
Gross Profit
Distilling Solutions						$	42,473					$	38,678					$	76,556					$	71,706
Branded Spirits						33,633						26,003						56,165						50,596
Ingredient Solutions						7,126						11,614						13,306						23,817
Total						$	83,232					$	76,295					$	146,027					$	146,119
Depreciation and Amortization
Distilling Solutions						$	1,968					$	2,870					$	3,925					$	5,721
Branded Spirits						1,852						1,658						3,675						3,149
Ingredient Solutions						1,170						622						2,339						1,280
Corporate						339						169						679						340
Total						$	5,329					$	5,319					$	10,618					$	10,490
Income (loss) before Income Taxes
Distilling Solutions						$	41,528					$	37,956					$	74,597					$	70,257
Branded Spirits						7,235						9,221						8,143						18,378
Ingredient Solutions						5,784						10,001						10,504						20,847
Corporate						(12,422)						(14,410)						(24,273)						(26,027)
Total						$	42,125					$	42,768					$	68,971					$	83,455

Schedule of Segment Reporting Identifiable Assets

The following table allocates assets to each segment as of:

						June 30, 2024						December 31, 2023
Identifiable Assets
Distilling Solutions						$	374,615					$	369,241
Branded Spirits						908,532						910,633
Ingredient Solutions						117,167						88,846
Corporate						33,783						23,628
Total						$	1,434,097					$	1,392,348

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- Definition

Schedule Of Segment Reporting Identifiable Assets

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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