Segments (Tables)

12 Months Ended

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