OPERATING SEGMENTS

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

OPERATING SEGMENTS

OPERATING SEGMENTSAs discussed in Note 1, the Company established a new reporting structure as a result of the Merger and prior periods have been revised to reflect the new operating segments. At December 31, 2021, the Company had three segments: Distillery Products, Branded Spirits and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed (commonly called dried distillers grain in the industry) and fuel grade alcohol. The Distillery Products segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. The Branded Spirits segment consists of producing, importing, bottling and rectifying of distilled spirits. Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins.

Operating profit for each segment is based on sales less identifiable operating expenses.  Non-direct SG&A, interest expense, and other general miscellaneous expenses are excluded from segment operations and are classified as Corporate.  Receivables, inventories, and equipment have been identified with the segments to which they relate.  All other assets are considered as Corporate.

	Year Ended December 31,
	2021		2020		2019
Sales to customers:
Distillery Products	$	352,504	$	313,309	$	294,238
Branded Spirits	183,566		4,149		2,995
Ingredient Solutions	90,650		78,063		65,512
Total(a)	$	626,720	$	395,521	$	362,745
Gross profit:
Distillery Products	$	114,106	$	75,773	$	64,416
Branded Spirits	62,644		2,187		1,536
Ingredient Solutions	22,215		20,846		10,580
Total	$	198,965	$	98,806	$	76,532
Depreciation and amortization:
Distillery Products	$	10,766	$	9,816	$	8,971
Branded Spirits	5,138		100		3
Ingredient Solutions	2,069		1,871		1,554
Corporate	1,119		1,174		1,044
Total	$	19,092	$	12,961	$	11,572
Income (loss) before income taxes:
Distillery Products	$	110,317	$	73,533	$	62,109
Branded Spirits	20,742		(2,510)		(2,800)
Ingredient Solutions	19,194		18,024		8,051
Corporate	(29,157)		(36,446)		(21,423)
Total	$	121,096	$	52,601	$	45,937

(a)Sales revenue from foreign sources totaled $42,593, $23,905, and $19,372 for 2021, 2020, and 2019, respectively, and is largely derived from the United Kingdom, Japan, Thailand, Canada, and Mexico.  The balance of total sales revenue is from domestic sources.

	December 31,
	2021		2020
Identifiable Assets
Distillery Products	$	314,816	$	281,721
Branded Spirits	658,826		6,348
Ingredient Solutions	43,009		41,276
Corporate	24,816		37,230
Total(a)	$	1,041,467	$	366,575

(a)The Company has $12,758 of assets located in Ireland.