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OPERATING SEGMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Operating Profit (Loss) Per Segment | The following tables present summarized financial information for each segment:
| Year Ended December 31, 2024
| Distilling Solutions |  | Branded Spirits |  | Ingredient Solutions |  | Corporate |  | Total
Sales(a) | $ | 332,204 |  |  | $ | 240,816 |  |  | $ | 130,605 |  |  | $ | — |  |  | $ | 703,625 |
Cost of Goods Sold | 190,277 |  |  | 122,620 |  |  | 104,411 |  |  | — |  |  | 417,308 |
Gross Profit | 141,927 |  |  | 118,196 |  |  | 26,194 |  |  | — |  |  | 286,317 |
Advertising and promotion expense | 1,352 |  |  | 36,909 |  |  | 1,714 |  |  | 533 |  |  | 40,508 |
SG&A expense | 2,970 |  |  | 39,711 |  |  | 3,949 |  |  | 34,761 |  |  | 81,391 |
Impairment of long-lived assets and other | 137 |  |  | — |  |  | — |  |  | — |  |  | 137 |
Goodwill impairment | — |  |  | 73,755 |  |  | — |  |  | — |  |  | 73,755 |
Change in fair value of contingent consideration | — |  |  | 16,100 |  |  | — |  |  | — |  |  | 16,100 |
Operating income | $ | 137,468 |  |  | $ | (48,279) |  |  | $ | 20,531 |  |  | $ | (35,294) |  |  | $ | 74,426 |
Depreciation and amortization | $ | 7,893 |  |  | $ | 8,035 |  |  | $ | 4,711 |  |  | $ | 1,350 |  |  | $ | 21,989 |
| Year Ended December 31, 2023
| Distilling Solutions |  | Branded Spirits |  | Ingredient Solutions |  | Corporate |  | Total
Sales(a) | $ | 450,854 |  |  | $ | 253,933 |  |  | $ | 131,736 |  |  | $ | — |  |  | $ | 836,523 |
Cost of Goods Sold | 305,890 |  |  | 141,152 |  |  | 84,769 |  |  | — |  |  | 531,811 |
Gross Profit | 144,964 |  |  | 112,781 |  |  | 46,967 |  |  | — |  |  | 304,712 |
Advertising and promotion expense | 1,127 |  |  | 34,463 |  |  | 2,400 |  |  | 223 |  |  | 38,213 |
SG&A expense | 2,301 |  |  | 37,389 |  |  | 3,838 |  |  | 47,867 |  |  | 91,395 |
Impairment of long-lived assets and other | 19,391 |  |  | — |  |  | — |  |  | — |  |  | 19,391 |
Change in fair value of contingent consideration | — |  |  | 7,100 |  |  | — |  |  | — |  |  | 7,100 |
Operating income | $ | 122,145 |  |  | $ | 33,829 |  |  | $ | 40,729 |  |  | $ | (48,090) |  |  | $ | 148,613 |
Depreciation and amortization | $ | 11,833 |  |  | $ | 6,952 |  |  | $ | 2,574 |  |  | $ | 754 |  |  | $ | 22,113 |
| Year Ended December 31, 2022
| Distilling Solutions |  | Branded Spirits |  | Ingredient Solutions |  | Corporate |  | Total
Sales(a) | $ | 428,478 |  |  | $ | 237,939 |  |  | $ | 115,941 |  |  | $ | — |  |  | $ | 782,358 |
Cost of Goods Sold | 302,196 |  |  | 142,418 |  |  | 84,438 |  |  | — |  |  | 529,052 |
Gross Profit | 126,282 |  |  | 95,521 |  |  | 31,503 |  |  | — |  |  | 253,306 |
Advertising and promotion expense | 959 |  |  | 27,341 |  |  | 1,180 |  |  | 234 |  |  | 29,714 |
SG&A expense | 3,672 |  |  | 34,847 |  |  | 2,791 |  |  | 33,317 |  |  | 74,627 |
Operating income | $ | 121,651 |  |  | $ | 33,333 |  |  | $ | 27,532 |  |  | $ | (33,551) |  |  | $ | 148,965 |
Depreciation and amortization | $ | 11,641 |  |  | $ | 5,909 |  |  | $ | 2,473 |  |  | $ | 1,432 |  |  | $ | 21,455 |
(a)Sales from foreign sources totaled $36,240, $49,822, and $56,719 for the years ended December 31, 2024, 2023, and 2022, respectively, and is largely derived from the United Kingdom, Japan, Canada, Mexico, and Australia. The balance of total sales is from domestic sources.
Schedule of Identifiable Assets by Segment | The following table allocates assets to each segment as of:
| December 31,
| 2024 |  | 2023
Identifiable Assets |  |  |
Distilling Solutions | $ | 382,432 |  |  | $ | 369,241 |
Branded Spirits | 862,458 |  |  | 910,633 |
Ingredient Solutions | 132,003 |  |  | 88,846 |
Corporate | 28,892 |  |  | 23,628 |
Total(a) | $ | 1,405,785 |  |  | $ | 1,392,348 |
(a)As of December 31, 2024 and 2023, the Company had $4,042 and $3,524, respectively, of long-lived assets located in Northern Ireland.

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