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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Sales $ 195,235 $ 108,323
Cost of sales 123,414 76,024
Gross profit 71,821 32,299
Advertising and promotion expenses 5,504 853
Selling, general and administrative expenses 16,266 10,946
Other operating income, net (29) 0
Operating income 50,080 20,500
Interest expense, net (1,598) (488)
Other income, net 54 30
Income before income taxes 48,536 20,042
Income tax expense 11,165 4,615
Net income 37,371 15,427
Net loss attributable to noncontrolling interest 66 0
Net income attributable to MGP Ingredients, Inc. 37,437 15,427
Income attributable to participating securities, basic (318) (146)
Income attributable to participating securities, diluted (318) (146)
Net income attributable to MGP Ingredients, Inc., basic 37,119 15,281
Net income attributable to MGP Ingredients, Inc., diluted $ 37,119 $ 15,281
Basic weighted average common shares (in shares) 21,989,100 16,928,003
Diluted weighted average common shares (in shares) 21,989,100 16,928,003
Basic Earnings Per Share (in dollars per share) $ 1.69 $ 0.90
Diluted Earnings Per Share (in dollars per share) $ 1.69 $ 0.90