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Segment Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Information  
Summary of selected financial data related to our segments

Year Ended December 31, 2022

    

    

Sustainable

    

    

Total of

Beverage

Sourcing &

Intersegment

Reportable

(Thousands)

Solutions

Traceability

Revenues

Segments

Net sales

$

685,303

$

207,579

$

(25,010)

$

867,872

Adjusted EBITDA

53,951

6,102

n/a

60,053

Less:

Interest expense, net

35,497

Income tax expense

111

Depreciation and amortization

24,210

Acquisition, restructuring and integration expense

13,169

Change in fair value of warrants

29,675

Management and consulting fees (S&D acquisition)

3,868

Equity-based compensation

2,631

Mark-to-market adjustments

3,502

Loss (gain) on disposal of property, plant and equipment

935

Other

1,916

Net loss

$

(55,461)

Capital expenditures

$

63,158

$

103

n/a

$

63,261

Total assets

658,814

87,399

n/a

746,213

Year Ended December 31, 2021

    

    

Sustainable

    

    

Total of

Beverage

Sourcing &

Intersegment

Reportable

(Thousands)

Solutions

Traceability

Revenues

Segments

Net sales

$

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 (S&D acquisition)

6,382

Equity-based compensation

1,223

Mark-to-market adjustments

(3,585)

Loss (gain) on disposal of property, plant and equipment

243

Other

702

Net loss

$

(21,308)

Capital expenditures

$

24,501

$

614

n/a

$

25,115

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

Net sales

$

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 (S&D acquisition)

5,317

Equity-based compensation

1,553

Impairment charges

82,083

Inventory write-offs

5,432

Mark-to-market adjustments

(217)

Loss (gain) on disposal of property, plant and equipment

7,750

Other

6,665

Net loss

$

(128,865)

Capital expenditures

$

18,944

$

528

n/a

$

19,472

Total assets

488,577

59,563

n/a

548,140