CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 27,295	$ 21,568
Receivables (less allowance for credit loss, $175 and $150 at March 31, 2022, and December 31, 2021, respectively)	102,062	92,537
Inventory	259,517	245,944
Prepaid expenses	6,391	1,510
Refundable income taxes	0	5,539
Total current assets	395,265	367,098
Property, plant, and equipment	433,017	428,249
Less accumulated depreciation and amortization	(225,651)	(220,963)
Property, plant, and equipment, net	207,366	207,286
Operating lease right-of-use assets, net	15,981	9,671
Investment in joint ventures	6,366	4,944
Intangible assets, net	218,320	218,838
Goodwill	226,294	226,294
Other assets	7,227	7,336
Total assets	1,076,819	1,041,467
Current Liabilities
Current maturities of long-term debt	3,228	3,227
Accounts payable	52,763	53,712
Federal and state excise taxes payable	6,476	6,992
Income taxes payable	5,437	0
Accrued expenses and other	16,559	24,869
Total current liabilities	84,463	88,800
Long-term debt, less current maturities	34,463	35,266
Convertible senior notes	194,986	194,906
Long-term operating lease liabilities	12,595	6,997
Other noncurrent liabilities	4,513	5,132
Deferred income taxes	66,394	66,101
Total liabilities	397,414	397,202
Commitments and Contingencies
Capital stock
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares	4	4
Common stock
No par value; authorized 40,000,000 shares; issued 23,125,166 shares at March 31, 2022 and December 31, 2021; and 21,985,100 and 21,964,314 shares outstanding at March 31, 2022 and December 31, 2021, respectively	6,715	6,715
Additional paid-in capital	316,571	315,802
Retained earnings	379,013	344,237
Accumulated other comprehensive income	122	354
Treasury stock, at cost, 1,140,066 and 1,160,852 shares at March 31, 2022 and December 31, 2021, respectively	(22,464)	(22,357)
Total MGP Ingredients, Inc. stockholders’ equity	679,961	644,755
Noncontrolling interest	(556)	(490)
Total equity	679,405	644,265
Total liabilities and equity	$ 1,076,819	$ 1,041,467