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Segments (Tables) | 12 Months Ended
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Dec. 31, 2023
Segments [Abstract] |
Schedule of Financial Data for Operating Segments | The following tables set forth certain financial data for the Company’s operating segments (in thousands):
|  | Years Ended December 31, |
Net Sales: |  | 2023 |  |  | 2022 |  |  | 2021 |
Pekin Campus production, recorded as gross: |  |  |  |  |  |  |  |  |
Alcohol sales |  | $ | 502,217 |  |  | $ | 521,273 |  |  | $ | 498,195 |
Essential ingredient sales |  |  | 217,702 |  |  |  | 225,871 |  |  |  | 189,535 |
Intersegment sales |  |  | 1,427 |  |  |  | 1,212 |  |  |  | 1,193 |
Total Pekin Campus sales |  |  | 721,346 |  |  |  | 748,356 |  |  |  | 688,923 |
Marketing and distribution: |  |  |  |  |  |  |  |  |  |  |  |
Alcohol sales, gross |  | $ | 262,587 |  |  | $ | 227,626 |  |  | $ | 379,422 |
Alcohol sales, net |  |  | 365 |  |  |  | 1,225 |  |  |  | 1,753 |
Intersegment sales |  |  | 11,654 |  |  |  | 12,459 |  |  |  | 10,061 |
Total marketing and distribution sales |  |  | 274,606 |  |  |  | 241,310 |  |  |  | 391,236 |
Western Production, recorded as gross: |  |  |  |  |  |  |  |  |  |  |  |
Alcohol sales |  | $ | 166,971 |  |  | $ | 253,605 |  |  | $ | 107,931 |
Essential ingredient sales |  |  | 57,264 |  |  |  | 90,209 |  |  |  | 31,056 |
Intersegment sales |  |  | 134 |  |  |  | 22 |  |  |  | 964 |
Total Western production sales |  |  | 224,369 |  |  |  | 343,836 |  |  |  | 139,951 |
Corporate and other |  |  | 15,834 |  |  |  | 15,812 |  |  |  | — |
Intersegment eliminations |  |  | (13,215 | ) |  |  | (13,693 | ) |  |  | (12,218 | )
Net sales as reported |  | $ | 1,222,940 |  |  | $ | 1,335,621 |  |  | $ | 1,207,892 |
Cost of goods sold: |  |  |  |  |  |  |  |  |
Pekin Campus production |  | $ | 710,088 |  |  | $ | 772,755 |  |  | $ | 638,371 |
Marketing and distribution |  |  | 259,234 |  |  |  | 229,288 |  |  |  | 371,371 |
Western production |  |  | 230,445 |  |  |  | 353,775 |  |  |  | 136,401 |
Corporate and other |  |  | 12,122 |  |  |  | 12,167 |  |  |  | — |
Intersegment eliminations |  |  | (4,602 | ) |  |  | (4,814 | ) |  |  | (6,035 | )
Cost of goods sold as reported |  | $ | 1,207,287 |  |  | $ | 1,363,171 |  |  | $ | 1,140,108 |
Income (loss) before provision for income taxes: |  |  |  |  |  |  |  |  |
Pekin Campus production |  | $ | (1,560 | ) |  | $ | (27,376 | ) |  | $ | 41,622 |
Marketing and distribution |  |  | 7,644 |  |  |  | 3,748 |  |  |  | 11,756 |
Western production |  |  | (13,506 | ) |  |  | (7,209 | ) |  |  | (3,762 | )
Corporate and other |  |  | (20,486 | ) |  |  | (8,835 | ) |  |  | (2,065 | )
|  | $ | (27,908 | ) |  | $ | (39,672 | ) |  | $ | 47,551 |
Depreciation and amortization expense: |  |  |  |  |  |  |  |  |  |  |  |
Pekin Campus production |  | $ | 19,789 |  |  | $ | 19,136 |  |  | $ | 17,352 |
Western production |  |  | 2,381 |  |  |  | 5,085 |  |  |  | 5,890 |
Corporate and other |  |  | 910 |  |  |  | 874 |  |  |  | 50 |
|  | $ | 23,080 |  |  | $ | 25,095 |  |  | $ | 23,292 |
Interest expense, net of capitalized interest: |  |  |  |  |  |  |  |  |
Pekin Campus production |  | $ | (207 | ) |  | $ | (381 | ) |  | $ | 756 |
Marketing and distribution |  |  | 822 |  |  |  | 1,658 |  |  |  | 963 |
Western production |  |  | 1,164 |  |  |  | (339 | ) |  |  | 167 |
Corporate and other |  |  | 5,646 |  |  |  | 889 |  |  |  | 1,701 |
|  | $ | 7,425 |  |  | $ | 1,827 |  |  | $ | 3,587 |
Schedule of Assets by Operating Segments | The following table sets forth the Company’s total assets by operating segment (in thousands):
|  | December 31, 2023 |  |  | December 31, 2022 |
Total assets: |  |  |  |  |  |
Pekin Campus production |  | $ | 251,048 |  |  |  | 257,089 |
Marketing and distribution |  |  | 101,196 |  |  |  | 114,755 |
Western production |  |  | 57,533 |  |  |  | 51,886 |
Corporate and other |  |  | 44,464 |  |  |  | 54,591 |
|  | $ | 454,241 |  |  | $ | 478,321 |

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