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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Sales to customers: $ 782,358 $ 626,720 $ 395,521
Cost of sales 529,052 427,755 296,715
Gross profit 253,306 198,965 98,806
Advertising and promotion expenses 29,714 16,098 2,712
Selling, general, and administrative expenses 74,627 72,829 41,853
Insurance recoveries 0 (16,325) 0
Operating income 148,965 126,363 54,241
Interest expense, net (5,451) (4,037) (2,267)
Other income (loss), net (3,342) (1,230) 627
Income before income taxes 140,172 121,096 52,601
Income tax expense 31,300 30,279 12,256
Net income 108,872 90,817 40,345
Net loss attributable to noncontrolling interest 590 490 0
Net income attributable to MGP Ingredients, Inc. 109,462 91,307 40,345
Income attributable to participating securities, basic (871) (712) (261)
Income attributable to participating securities, diluted (871) (712) (261)
Net income used in Earnings Per Share calculation, basic 108,591 90,595 40,084
Net income used in Earnings Per Share calculation, diluted $ 108,591 $ 90,595 $ 40,084
Weighted average common shares      
Weighted average common shares, basic (in shares) 22,002,990 20,719,663 16,937,125
Weighted average common shares, diluted (in shares) 22,053,966 20,719,663 16,937,125
Earnings per common share      
Earnings per share, basic (in USD per share) $ 4.94 $ 4.37 $ 2.37
Earnings per share, diluted (in USD per share) $ 4.92 $ 4.37 $ 2.37