Segments (Tables)

3 Months Ended

Mar. 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):

	Three Months Ended March 31,
	2024			2023
Net Sales
Pekin Campus production, recorded as gross:
Alcohol sales	$	108,350		$	132,381
Essential ingredient sales		46,709			63,631
Intersegment sales		321			313
Total Pekin Campus sales		155,380			196,325
Marketing and distribution:
Alcohol sales, gross	$	54,431		$	84,381
Alcohol sales, net		34			114
Intersegment sales		2,752			2,843
Total marketing and distribution sales		57,217			87,338
Western production, recorded as gross:
Alcohol sales	$	20,231		$	20,932
Essential ingredient sales		7,826			8,353
Intersegment sales		—			1
Total Western production sales		28,057			29,286
Corporate and other		3,048			4,099
Intersegment eliminations		(3,073	)		(3,157	)
Net sales as reported	$	240,629		$	313,891
Cost of goods sold:
Pekin Campus production	$	151,112		$	198,178
Marketing and distribution		53,685			83,126
Western production		36,517			33,982
Corporate and other		2,794			2,369
Intersegment eliminations		(1,079	)		(600	)
Cost of goods sold as reported	$	243,029		$	317,055
Gross profit (loss):
Pekin Campus production	$	4,268		$	(1,853	)
Marketing and distribution		3,532			4,212
Western production		(8,460	)		(4,696	)
Corporate and other		254			1,730
Intersegment eliminations		(1,994	)		(2,557	)
Gross loss as reported	$	(2,400	)	$	(3,164	)
Loss before provision for income taxes:
Pekin Campus production	$	108		$	(5,117	)
Marketing and distribution		1,305			2,010
Western production		(10,976	)		(5,698	)
Corporate and other		(2,162	)		(4,361	)
	$	(11,725	)	$	(13,166	)
Depreciation and amortization expense:
Pekin Campus production	$	5,035		$	4,819
Western production		465			1,009
Corporate and other		228			227
	$	5,728		$	6,055
Interest expense, net of capitalized interest:
Pekin Campus production	$	261		$	(485	)
Marketing and distribution		96			494
Western production		630			(354	)
Corporate and other		647			1,910
	$	1,634		$	1,565

Schedule of Assets by Operating Segments

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

	March 31, 2024		December 31, 2023
Total assets:
Pekin Campus production	$	250,773	$	251,048
Marketing and distribution		92,747		101,196
Western production		52,755		57,533
Corporate and other		38,360		44,464
	$	434,635	$	454,241