OPERATING SEGMENTS

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

OPERATING SEGMENTS

OPERATING SEGMENTSAt December 31, 2022, the Company had three segments: Distilling Solutions, Branded Spirits and Ingredient Solutions. The Distilling Solutions 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 Distilling Solutions segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. The Branded Spirits segment consists of a portfolio of high quality branded spirits which are produced through the distilleries and bottling facilities. 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,
	2022		2021		2020
Sales to customers:
Distilling Solutions	$	428,478	$	352,504	$	313,309
Branded Spirits	237,939		183,566		4,149
Ingredient Solutions	115,941		90,650		78,063
Total(a)	$	782,358	$	626,720	$	395,521
Gross profit:
Distilling Solutions	$	126,282	$	114,106	$	75,773
Branded Spirits	95,521		62,644		2,187
Ingredient Solutions	31,503		22,215		20,846
Total	$	253,306	$	198,965	$	98,806
Depreciation and amortization:
Distilling Solutions	$	11,641	$	10,766	$	9,816
Branded Spirits	5,909		5,138		100
Ingredient Solutions	2,473		2,069		1,871
Corporate	1,432		1,119		1,174
Total	$	21,455	$	19,092	$	12,961
Income (loss) before income taxes:
Distilling Solutions	$	121,651	$	110,317	$	73,533
Branded Spirits	33,333		20,742		(2,510)
Ingredient Solutions	27,532		19,194		18,024
Corporate	(42,344)		(29,157)		(36,446)
Total	$	140,172	$	121,096	$	52,601

(a)Sales revenue from foreign sources totaled $56,719, $42,593, and $23,905 for the years ended December 31, 2022, 2021, and 2020, 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,
	2022		2021
Identifiable Assets
Distilling Solutions	$	350,068	$	314,816
Branded Spirits	698,985		658,826
Ingredient Solutions	63,943		43,009
Corporate	45,215		24,816
Total(a)	$	1,158,211	$	1,041,467

(a)As of December 31, 2022, the Company had $14,209 of assets located in Northern Ireland, $3,042 of which were long-lived assets. As of December 31, 2021, the Company had $12,758 of assets located in Northern Ireland, $2,930 of which were long-lived assets.