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Segments (Tables)

12 Months Ended

Dec. 31, 2024

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		2024				2023				2022
Pekin Campus production, recorded as gross:
Alcohol sales		$	415,710			$	502,217			$	521,273
Essential ingredient sales			169,308				217,702				225,871
Intersegment sales			1,243				1,427				1,212
Total Pekin Campus sales			586,261				721,346				748,356
Marketing and distribution:
Alcohol sales, gross		$	216,295			$	262,587			$	227,626
Alcohol sales, net			229				365				1,225
Intersegment sales			10,833				11,654				12,459
Total marketing and distribution sales			227,357				274,606				241,310
Western Production, recorded as gross:
Alcohol sales		$	115,389			$	166,971			$	253,605
Essential ingredient sales			36,953				57,264				90,209
Intersegment sales			(122	)			134				22
Total Western production sales			152,220				224,369				343,836
Corporate and other			11,374				15,834				15,812
Intersegment eliminations			(11,954	)			(13,215	)			(13,693	)
Net sales as reported		$	965,258			$	1,222,940			$	1,335,621
Cost of goods sold:
Pekin Campus production		$	563,033			$	710,088			$	772,755
Marketing and distribution			213,023				259,234				229,288
Western production			172,209				230,445				353,775
Corporate and other			12,285				12,122				12,167
Intersegment eliminations			(5,014	)			(4,602	)			(4,814	)
Cost of goods sold as reported		$	955,536			$	1,207,287			$	1,363,171
Gross profit (loss):
Pekin Campus production		$	23,228			$	11,258			$	(24,399	)
Marketing and distribution			14,334				15,372				12,022
Western production			(19,989	)			(6,076	)			(9,939	)
Corporate and other			(911	)			3,712				3,645
Intersegment eliminations			(6,940	)			(8,613	)			(8,879	)
		$	9,722			$	15,653			$	(27,550	)
Income (loss) before provision for income taxes:
Pekin Campus production		$	6,308			$	(1,560	)		$	(27,376	)
Marketing and distribution			5,261				7,644				3,748
Western production			(51,086	)			(13,506	)			(7,209	)
Corporate and other			(19,294	)			(20,486	)			(8,835	)
		$	(58,811	)		$	(27,908	)		$	(39,672	)
Asset impairments:
Western production		$	21,389			$	—			$	—
Corporate and other			3,401				6,544				—
		$	24,790			$	6,544			$	—
Depreciation and amortization expense:
Pekin Campus production		$	21,017			$	19,789			$	19,136
Western production			2,409				2,381				5,085
Corporate and other			982				910				874
		$	24,408			$	23,080			$	25,095
Interest expense, net of capitalized interest:
Pekin Campus production		$	1,765			$	(207	)		$	(381	)
Marketing and distribution			389				822				1,658
Western production			2,829				1,164				(339	)
Corporate and other			2,661				5,646				889
		$	7,644			$	7,425			$	1,827

Schedule of Total Assets by Operating Segment

The following table sets forth the Company’s total assets by operating segment (in thousands): 

		December 31,
		2024				2023
Total assets:
Pekin Campus production		$	223,934				251,048
Marketing and distribution			102,895				101,196
Western production			44,992				57,533
Corporate and other			29,617				44,464
		$	401,438			$	454,241

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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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
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