XML 31 R21.htm IDEA: XBRL DOCUMENT v3.25.3

Segments (Tables)

9 Months Ended

Sep. 30, 2025

Segments [Abstract]

Schedule of Set Forth Certain Financial Data for the Company’s Operating Segments

The following tables set forth certain financial data for the Company’s operating segments (in thousands):

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
Net Sales
Pekin Campus production, recorded as gross:
Alcohol sales		$	109,276			$	106,459			$	310,666			$	315,494
Essential ingredient sales			45,307				41,217				129,490				127,297
Intersegment sales			283				321				764				927
Total Pekin Campus sales			154,866				147,997				440,920				443,718
Marketing and distribution:
Alcohol sales, gross		$	58,595			$	54,531			$	165,695			$	179,118
Alcohol sales, net			74				71				215				169
Intersegment sales			2,497				2,862				7,338				8,002
Total marketing and distribution sales			61,166				57,464				173,248				187,289
Western production, recorded as gross:
Alcohol sales		$	17,419			$	36,395			$	50,218			$	74,084
Essential ingredient sales			8,017				10,408				24,076				24,184
Intersegment sales			513				8				1,281				(122	)
Total Western production sales			25,949				46,811				75,575				98,146
Corporate and other			2,298				2,733				5,602				8,565
Intersegment eliminations			(3,293	)			(3,191	)			(9,383	)			(8,807	)
Net sales as reported		$	240,986			$	251,814			$	685,962			$	728,911
Cost of goods sold:
Pekin Campus production		$	135,942			$	141,823			$	431,669			$	423,135
Marketing and distribution			56,738				53,553				160,904				176,676
Western production			24,447				49,079				72,719				112,762
Corporate and other			2,063				2,952				5,449				8,690
Intersegment eliminations			(1,698	)			(1,553	)			(4,529	)			(3,465	)
Cost of goods sold as reported		$	217,492			$	245,854			$	666,212			$	717,798
Gross profit (loss):
Pekin Campus production		$	18,924			$	6,174			$	9,251			$	20,583
Marketing and distribution			4,428				3,911				12,344				10,613
Western production			1,502				(2,268	)			2,856				(14,616	)
Corporate and other			235				(219	)			153				(125	)
Intersegment eliminations			(1,595	)			(1,638	)			(4,854	)			(5,342	)
Gross profit as reported		$	23,494			$	5,960			$	19,750			$	11,113
Income (loss) before provision for income taxes:
Pekin Campus production		$	14,694			$	1,997			$	(3,349	)		$	8,083
Marketing and distribution			2,105				1,626				5,468				3,733
Western production			(1,151	)			(4,119	)			(5,754	)			(21,075	)
Corporate and other			(1,440	)			(1,945	)			(4,833	)			(8,013	)
		$	14,208			$	(2,441	)		$	(8,468	)		$	(17,272	)
Depreciation and amortization expense:
Pekin Campus production		$	5,348			$	5,328			$	16,153			$	15,733
Western production			738				502				2,221				1,445
Corporate and other			171				228				514				682
		$	6,257			$	6,058			$	18,888			$	17,860
Interest expense, net of capitalized interest:
Pekin Campus production		$	623			$	496			$	1,849			$	1,083
Marketing and distribution			86				98				249				291
Western production			1,399				619				4,188				1,848
Corporate and other			692				654				2,054				1,948
		$	2,800			$	1,867			$	8,340			$	5,170

Schedule of Total Assets by Operating Segment

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

		September 30, 2025				December 31, 2024
Total assets:
Pekin Campus production		$	228,979			$	223,934
Marketing and distribution			97,855				102,895
Western production			42,975				44,992
Corporate and other			18,665				29,617
		$	388,474			$	401,438

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration