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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Sales $ 176,611 $ 102,964 $ 459,873 $ 294,606
Cost of sales 119,525 79,802 313,661 227,531
Gross profit 57,086 23,162 146,212 67,075
Selling, general and administrative expenses 24,202 9,510 65,165 28,377
Operating income 32,884 13,652 81,047 38,698
Interest expense, net (1,116) (594) (2,708) (1,701)
Other income (loss), net (421) 185 (479) 352
Income before income taxes 31,347 13,243 77,860 37,349
Income tax expense 7,674 2,862 18,701 8,636
Net income 23,673 10,381 59,159 28,713
Net loss attributable to noncontrolling interest 203 0 279 0
Net income attributable to MGP Ingredients, Inc. 23,876 10,381 59,438 28,713
Income attributable to participating securities, basic (175) (69) (471) (192)
Income attributable to participating securities, diluted (175) (69) (471) (192)
Net income attributable to MGP Ingredients, Inc., basic 23,701 10,312 58,967 28,521
Net income attributable to MGP Ingredients, Inc., diluted $ 23,701 $ 10,312 $ 58,967 $ 28,521
Basic weighted average common shares (in shares) 21,981,201 16,916,675 20,293,818 16,943,130
Diluted weighted average common shares (in shares) 21,981,201 16,916,675 20,293,818 16,943,130
Basic Earnings Per Share (in dollars per share) $ 1.08 $ 0.61 $ 2.91 $ 1.68
Diluted Earnings Per Share (in dollars per share) $ 1.08 $ 0.61 $ 2.91 $ 1.68