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Operating Segments (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Summarized Financial Information and Assets by Segment

The following tables present summarized financial information for each segment:

			Quarter Ended September 30, 2025
			Branded Spirits						Distilling Solutions						Ingredient Solutions						Corporate						Total
Sales			$	60,748					$	40,881					$	29,283					$	—					$	130,912
Cost of Goods Sold			28,528						26,681						26,270						—						81,479
Gross Profit			32,220						14,200						3,013						—						49,433
Advertising and promotion expense			6,249						185						241						16						6,691
SG&A expense			8,420						711						963						8,832						18,926
Change in fair value of contingent consideration			2,800						—						—						—						2,800
Operating income			$	14,751					$	13,304					$	1,809					$	(8,848)					$	21,016
Depreciation and amortization			$	2,157					$	2,041					$	1,635					$	353					$	6,186

			Quarter Ended September 30, 2024
			Branded Spirits						Distilling Solutions						Ingredient Solutions						Corporate						Total
Sales			$	62,624					$	71,919					$	26,918					$	—					$	161,461
Cost of Goods Sold			30,178						43,275						22,193						—						95,646
Gross Profit			32,446						28,644						$	4,725					$	—					65,815
Advertising and promotion expense			8,704						395						410						138						9,647
SG&A expense			9,951						618						1,038						5,597						17,204
Change in fair value of contingent consideration			6,400						—						—						—						6,400
Operating income			$	7,391					$	27,631					$	3,277					$	(5,735)					$	32,564
Depreciation and amortization			$	2,192					$	1,975					$	1,178					$	335					$	5,680

			Year to Date Ended September 30, 2025
			Branded Spirits						Distilling Solutions						Ingredient Solutions						Corporate						Total
Sales			$	169,495					$	137,824					$	90,740					$	—					$	398,059
Cost of Goods Sold			83,093						86,132						77,684						—						246,909
Gross Profit			86,402						51,692						13,056						—						151,150
Advertising and promotion expense			20,171						616						892						97						21,776
SG&A expense			26,389						2,149						3,057						31,692						63,287
Change in fair value of contingent consideration			25,500						—						—						—						25,500
Operating income			$	14,342					$	48,927					$	9,107					$	(31,789)					$	40,587
Depreciation and amortization			$	6,442					$	6,121					$	4,213					$	1,048					$	17,824

			Year to Date Ended September 30, 2024
			Branded Spirits						Distilling Solutions						Ingredient Solutions						Corporate						Total
Sales			$	176,811					$	250,159					$	95,859					$	—					$	522,829
Cost of Goods Sold			88,200						144,959						77,828						—						310,987
Gross Profit			88,611						105,200						18,031						—						211,842
Advertising and promotion expense			27,286						955						1,344						410						29,995
SG&A expense			29,891						1,880						2,906						26,265						60,942
Impairment of long-lived assets and other			—						137						—						—						137
Change in fair value of contingent consideration			15,900						—						—						—						15,900
Operating income			$	15,534					$	102,228					$	13,781					$	(26,675)					$	104,868
Depreciation and amortization			$	5,867					$	5,900					$	3,517					$	1,014					$	16,298

The following table allocates assets to each segment as of:

						September 30, 2025						December 31, 2024
Identifiable Assets
Branded Spirits						$	874,688					$	862,458
Distilling Solutions						342,092						382,432
Ingredient Solutions						132,844						132,003
Corporate						27,409						28,892
Total						$	1,377,033					$	1,405,785

X

- 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

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- References

No definition available.

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