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v3.22.2

Segments (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of financial data for operating segments |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus, recorded as gross: |  |  |  |  |  |  |  |  |  |  |  |
Alcohol sales |  | $ | 143,768 |  |  | $ | 132,296 |  |  | $ | 259,818 |  |  | $ | 227,380 |
Essential ingredient sales |  |  | 59,853 |  |  |  | 49,578 |  |  |  | 115,133 |  |  |  | 94,655 |
Intersegment sales |  |  | 269 |  |  |  | 316 |  |  |  | 525 |  |  |  | 628 |
Total Pekin Campus sales |  |  | 203,890 |  |  |  | 182,190 |  |  |  | 375,476 |  |  |  | 322,663 |
Marketing and distribution: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alcohol sales, gross |  | $ | 63,558 |  |  | $ | 86,299 |  |  | $ | 117,484 |  |  | $ | 143,309 |
Alcohol sales, net |  |  | 317 |  |  |  | 532 |  |  |  | 668 |  |  |  | 984 |
Intersegment sales |  |  | 3,242 |  |  |  | 2,618 |  |  |  | 6,239 |  |  |  | 4,862 |
Total marketing and distribution sales |  |  | 67,117 |  |  |  | 89,449 |  |  |  | 124,391 |  |  |  | 149,155 |
Other production, recorded as gross: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alcohol sales |  | $ | 67,184 |  |  | $ | 22,153 |  |  | $ | 126,991 |  |  | $ | 38,121 |
Essential ingredient sales |  |  | 23,372 |  |  |  | 7,252 |  |  |  | 42,309 |  |  |  | 12,395 |
Intersegment sales |  |  | — |  |  |  | 332 |  |  |  | 12 |  |  |  | 637 |
Total Other production sales |  |  | 90,556 |  |  |  | 29,737 |  |  |  | 169,312 |  |  |  | 51,153 |
Corporate and other |  |  | 4,137 |  |  |  | — |  |  |  | 7,904 |  |  |  | — |
Intersegment eliminations |  |  | (3,511 | ) |  |  | (3,266 | ) |  |  | (6,776 | ) |  |  | (6,127 | )
Net sales as reported |  | $ | 362,189 |  |  | $ | 298,110 |  |  | $ | 670,307 |  |  | $ | 516,844 |
Cost of goods sold: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus |  | $ | 195,691 |  |  | $ | 171,547 |  |  | $ | 364,573 |  |  | $ | 299,250 |
Marketing and distribution |  |  | 63,796 |  |  |  | 85,746 |  |  |  | 118,510 |  |  |  | 139,705 |
Other production |  |  | 91,606 |  |  |  | 27,325 |  |  |  | 169,851 |  |  |  | 51,442 |
Corporate and other |  |  | 3,197 |  |  |  | — |  |  |  | 6,070 |  |  |  | — |
Intersegment eliminations |  |  | (945 | ) |  |  | (1,741 | ) |  |  | (2,314 | ) |  |  | (2,623 | )
Cost of goods sold as reported |  | $ | 353,345 |  |  | $ | 282,877 |  |  | $ | 656,690 |  |  | $ | 487,774 |
Gross profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus |  | $ | 8,199 |  |  | $ | 10,643 |  |  | $ | 10,903 |  |  | $ | 23,413 |
Marketing and distribution |  |  | 3,321 |  |  |  | 3,703 |  |  |  | 5,881 |  |  |  | 9,450 |
Other production |  |  | (1,050 | ) |  |  | 2,412 |  |  |  | (539 | ) |  |  | (289 | )
Corporate and other |  |  | 940 |  |  |  | — |  |  |  | 1,834 |  |  |  | — |
Intersegment eliminations |  |  | (2,566 | ) |  |  | (1,525 | ) |  |  | (4,462 | ) |  |  | (3,504 | )
Gross profit as reported |  | $ | 8,844 |  |  | $ | 15,233 |  |  | $ | 13,617 |  |  | $ | 29,070 |
Income before provision for income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus |  | $ | 16,331 |  |  | $ | 10,726 |  |  | $ | 16,413 |  |  | $ | 20,737 |
Marketing and distribution |  |  | 1,036 |  |  |  | 1,678 |  |  |  | 1,824 |  |  |  | 5,411 |
Other production |  |  | 7,570 |  |  |  | (1,666 | ) |  |  | 6,361 |  |  |  | (7,612 | )
Corporate and other |  |  | (2,822 | ) |  |  | (2,348 | ) |  |  | (5,085 | ) |  |  | (5,468 | )
|  | $ | 22,115 |  |  | $ | 8,390 |  |  | $ | 19,513 |  |  | $ | 13,068 |
Depreciation and amortization of intangibles: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus |  | $ | 5,084 |  |  | $ | 4,326 |  |  | $ | 9,621 |  |  | $ | 8,671 |
Other production |  |  | 1,458 |  |  |  | 1,468 |  |  |  | 2,822 |  |  |  | 2,966 |
Corporate and other |  |  | 186 |  |  |  | 17 |  |  |  | 419 |  |  |  | 33 |
|  | $ | 6,728 |  |  | $ | 5,811 |  |  | $ | 12,862 |  |  | $ | 11,670 |
Interest expense, net of capitalized interest: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus |  | $ | (3 | ) |  | $ | 73 |  |  | $ | (33 | ) |  | $ | 591 |
Marketing and distribution |  |  | 336 |  |  |  | 222 |  |  |  | 573 |  |  |  | 426 |
Other production |  |  | (39 | ) |  |  | 46 |  |  |  | (54 | ) |  |  | 182 |
Corporate and other |  |  | 25 |  |  |  | 704 |  |  |  | 33 |  |  |  | 1,731 |
|  | $ | 319 |  |  | $ | 1,045 |  |  | $ | 519 |  |  | $ | 2,930 |
Schedule of assets by operating segments |
|  | June 30, 2022 |  |  | December 31, 2021 |
Total assets: |  |  |  |  |  |
Pekin Campus |  | $ | 273,688 |  |  | $ | 266,197 |
Marketing and distribution |  |  | 149,564 |  |  |  | 130,302 |
Other production |  |  | 64,467 |  |  |  | 57,046 |
Corporate and other |  |  | 43,600 |  |  |  | 31,408 |
|  | $ | 531,319 |  |  | $ | 484,953 |

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