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Operating Segments (Tables) | 9 Months Ended
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Sep. 30, 2024
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,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Sales to Customers |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 71,919 |  |  | $ | 111,853 |  |  | $ | 250,159 |  |  | $ | 341,941 |
Branded Spirits |  | 62,624 |  |  | 66,819 |  |  | 176,811 |  |  | 181,318 |
Ingredient Solutions |  | 26,918 |  |  | 32,952 |  |  | 95,859 |  |  | 98,376 |
Total |  | $ | 161,461 |  |  | $ | 211,624 |  |  | $ | 522,829 |  |  | $ | 621,635 |
Gross Profit |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 28,644 |  |  | $ | 33,280 |  |  | $ | 105,200 |  |  | $ | 104,986 |
Branded Spirits |  | 32,446 |  |  | 29,040 |  |  | 88,611 |  |  | 79,636 |
Ingredient Solutions |  | 4,725 |  |  | 11,128 |  |  | 18,031 |  |  | 34,945 |
Total |  | $ | 65,815 |  |  | $ | 73,448 |  |  | $ | 211,842 |  |  | $ | 219,567 |
Depreciation and Amortization |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 1,975 |  |  | $ | 3,082 |  |  | $ | 5,900 |  |  | $ | 8,803 |
Branded Spirits |  | 2,192 |  |  | 1,914 |  |  | 5,867 |  |  | 5,063 |
Ingredient Solutions |  | 1,178 |  |  | 619 |  |  | 3,517 |  |  | 1,899 |
Corporate |  | 335 |  |  | 167 |  |  | 1,014 |  |  | 507 |
Total |  | $ | 5,680 |  |  | $ | 5,782 |  |  | $ | 16,298 |  |  | $ | 16,272 |
Income (loss) before Income Taxes |  |  |  |  |  |  |  |
Distilling Solutions |  | $ | 27,631 |  |  | $ | 13,930 |  |  | $ | 102,228 |  |  | $ | 84,187 |
Branded Spirits |  | 7,391 |  |  | 7,199 |  |  | 15,534 |  |  | 25,577 |
Ingredient Solutions |  | 3,277 |  |  | 9,408 |  |  | 13,781 |  |  | 30,255 |
Corporate |  | (6,883) |  |  | (13,076) |  |  | (31,156) |  |  | (39,103) |
Total |  | $ | 31,416 |  |  | $ | 17,461 |  |  | $ | 100,387 |  |  | $ | 100,916 |
Schedule of Segment Reporting Identifiable Assets | The following table allocates assets to each segment as of:
|  | September 30, 2024 |  | December 31, 2023
Identifiable Assets |  |  |  |
Distilling Solutions |  | $ | 361,553 |  |  | $ | 369,241 |
Branded Spirits |  | 921,572 |  |  | 910,633 |
Ingredient Solutions |  | 120,903 |  |  | 88,846 |
Corporate |  | 36,591 |  |  | 23,628 |
Total |  | $ | 1,440,619 |  |  | $ | 1,392,348 |

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- Definition 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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