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Segment Information (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2021

Segment Information

Summary of selected financial data related to our segments


		Three Months Ended September 30, 2022
					Sustainable						Total of
		Beverage			Sourcing &			Intersegment			Reportable
(Thousands)		Solutions			Traceability			Revenues			Segments
Net sales		$	173,486		$	62,809		$	(5,987)		$	230,308

Adjusted EBITDA			15,885			2,028			n/a			17,913
Less:
Interest expense												13,404
Income tax benefit												(428)
Depreciation and amortization												5,816
Acquisition, restructuring and integration expense												3,959
Change in fair value of warrants												5,215
Management and consulting fees (S&D Coffee, Inc. acquisition)												834
Equity-based compensation												705
Mark-to-market adjustments												543
Loss on disposal of property, plant and equipment												459
Other												424
Net loss											$	(13,018)

Total assets			638,160			111,928			n/a			750,088


		Three Months Ended September 30, 2021
					Sustainable						Total of
		Beverage			Sourcing &			Intersegment			Reportable
(Thousands)		Solutions			Traceability			Revenues			Segments
Net sales		$	138,838		$	47,529		$	(5,090)		$	181,277

Adjusted EBITDA			11,462			2,017			n/a			13,479
Less:
Interest expense												8,614
Income tax benefit												(796)
Depreciation and amortization												6,072
Acquisition, restructuring and integration expense												1,829
Management and consulting fees (S&D Coffee, Inc. acquisition)												1,591
Equity-based compensation												306
Mark-to-market adjustments												(4)
Gain on disposal of property, plant and equipment												(390)
Other												147
Net loss											$	(3,890)

Total assets			497,219			85,275			n/a			582,494


		Nine Months Ended September 30, 2022
					Sustainable						Total of
		Beverage			Sourcing &			Intersegment			Reportable
(Thousands)		Solutions			Traceability			Revenues			Segments
Net sales		$	492,712		$	169,041		$	(21,604)		$	640,149

Adjusted EBITDA			38,776			3,824			n/a			42,600
Less:
Interest expense												30,265
Income tax benefit												(3,511)
Depreciation and amortization												17,782
Acquisition, restructuring and integration expense												8,746
Change in fair value of warrants												5,215
Management and consulting fees (S&D Coffee, Inc. acquisition)												3,035
Equity-based compensation												1,184
Mark-to-market adjustments												793
Loss on disposal of property, plant and equipment												748
Other												1,885
Net loss											$	(23,542)

Total assets			638,160			111,928			n/a			750,088


		Nine Months Ended September 30, 2021
					Sustainable						Total of
		Beverage			Sourcing &			Intersegment			Reportable
(Thousands)		Solutions			Traceability			Revenues			Segments
Net sales		$	400,506		$	121,550		$	(14,304)		$	507,752

Adjusted EBITDA			29,924			3,047			n/a			32,971
Less:
Interest expense												24,283
Income tax benefit												(2,239)
Depreciation and amortization												18,386
Acquisition, restructuring and integration expense												3,772
Management and consulting fees (S&D Coffee, Inc. acquisition)												4,791
Equity-based compensation												918
Mark-to-market adjustments												(1,979)
Gain on disposal of property, plant and equipment												(147)
Other												1,268
Net loss											$	(16,082)

Total assets			497,219			85,275			n/a			582,494


		Year Ended December 31, 2021
					Sustainable						Total of
		Beverage			Sourcing &			Intersegment			Reportable
(Thousands)		Solutions			Traceability			Revenues			Segments
Revenues		$	551,013		$	170,035		$	(22,904)		$	698,144

Adjusted EBITDA			41,468			5,706			n/a			47,174
Less:
Interest expense, net												32,549
Income tax benefit												(3,368)
Depreciation and amortization												25,501
Acquisition, restructuring and integration expense												8,835
Management and consulting fees												6,382
Equity-based compensation												1,223
Mark-to-market adjustments												(3,585)
Loss on disposal of property, plant and equipment												243
Other												702
Net loss											$	(21,308)

Capital expenditures		$	22,665		$	614			n/a		$	23,279
Total assets			510,751			82,269			n/a			593,020


		Year Ended December 31, 2020
					Sustainable						Total of
		Beverage			Sourcing &			Intersegment			Reportable
(Thousands)		Solutions			Traceability			Revenues			Segments
Revenues		$	424,906		$	150,577		$	(24,637)		$	550,846

Adjusted EBITDA			28,802			4,793			n/a			33,595
Less:
Interest expense, net												25,229
Income tax benefit												(17,545)
Depreciation and amortization												23,838
Acquisition, restructuring and integration expense												22,355
Management and consulting fees												5,317
Equity-based compensation												1,553
Impairment charges												82,083
Inventory write-offs												5,432
Mark-to-market adjustments												(217)
Loss on disposal of property, plant and equipment												7,750
Other												6,665
Net loss											$	(128,865)

Capital expenditures		$	19,019		$	528			n/a		$	19,547
Total assets			488,577			59,563			n/a			548,140

Summary of net sales information by geographic area


		Three Months Ended September 30,						Nine Months Ended September 30,
(Thousands)		2022			2021			2022			2021
United States		$	181,789		$	146,642		$	515,742		$	423,524
All other countries			48,519			34,635			124,407			84,228
Net sales		$	230,308		$	181,277		$	640,149		$	507,752


		Year Ended December 31,
(Thousands)		2021			2020
Revenues:⁽¹⁾
United States		$	583,011		$	445,210
All other countries			115,133			105,636
Total		$	698,144		$	550,846

(1)	Revenues are attributed to countries based on the invoice location of the customer.