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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Sales $ 174,939 $ 92,560 $ 283,262 $ 191,642
Cost of sales 118,112 71,858 194,136 147,729
Gross profit 56,827 20,702 89,126 43,913
Selling, general and administrative expenses 29,164 9,364 40,963 18,867
Operating income 27,663 11,338 48,163 25,046
Interest expense, net (1,104) (628) (1,592) (1,107)
Other income (loss), net (88) 330 (58) 167
Income before income taxes 26,471 11,040 46,513 24,106
Income tax expense 6,412 2,550 11,027 5,774
Net income 20,059 8,490 35,486 18,332
Income attributable to participating securities, basic 150 57 299 123
Income attributable to participating securities, diluted 150 57 299 123
Net loss attributable to noncontrolling interest (76) 0 (76) 0
Net income attributable to MGP Ingredients, Inc., basic 19,985 8,433 35,263 18,209
Net income attributable to MGP Ingredients, Inc., diluted $ 19,985 $ 8,433 $ 35,263 $ 18,209
Basic weighted average common shares (in shares) 21,916,721 16,899,079 19,436,143 16,956,502
Diluted weighted average common shares (in shares) 21,916,721 16,899,079 19,436,143 16,956,502
Basic Earnings Per Share (in dollars per share) $ 0.91 $ 0.50 $ 1.81 $ 1.07
Diluted Earnings Per Share (in dollars per share) $ 0.91 $ 0.50 $ 1.81 $ 1.07