XML 20 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 37,243 $ 21,662
Receivables (less allowance for credit losses, $100 and $24 at June 30, 2021, and December 31, 2020, respectively) 79,110 56,966
Inventory 232,292 141,011
Prepaid expenses 4,996 2,644
Total current assets 353,641 222,283
Property, plant, and equipment 378,962 313,730
Less accumulated depreciation and amortization (189,330) (181,738)
Property, plant, and equipment, net 189,632 131,992
Operating lease right-of-use assets, net 9,169 5,151
Investment in joint ventures 5,739 0
Intangible assets, net 219,872 890
Goodwill 228,243 2,738
Other assets 8,001 3,521
Total assets 1,014,297 366,575
Current Liabilities    
Current maturities of long-term debt 3,227 1,600
Accounts payable 37,434 30,273
Federal and state liquor taxes payable 9,175 107
Income taxes payable 1,721 704
Accrued expenses and other 31,881 20,645
Total current liabilities 83,438 53,329
Long-term debt, less current maturities 36,870 38,271
Credit agreement - revolver 230,294 0
Long-term operating lease liabilities 6,626 3,057
Other noncurrent liabilities 5,117 7,094
Deferred income taxes 58,450 2,298
Total liabilities 420,795 104,049
Commitments and Contingencies (Note 8)
Capital stock    
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares 4 4
Common stock    
Common Stock, value, issued (in US dollars per share) 6,715 6,715
Additional paid-in capital 315,062 15,503
Retained earnings 293,724 262,943
Accumulated other comprehensive income 542 486
Treasury stock, at cost, 1,162,560 and 1,200,103 shares at June 30, 2021 and December 31, 2020, respectively (22,469) (23,125)
Total MGP Ingredients, Inc. stockholders’ equity 593,578 262,526
Noncontrolling interest (76) 0
Total equity 593,502 262,526
Total liabilities and equity $ 1,014,297 $ 366,575