CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 47,889	$ 21,568
Receivables (less allowance for credit loss of $1,475 and $150 at December 31, 2022 and 2021, respectively)	109,267	92,537
Inventory	289,722	245,944
Prepaid expenses	2,957	1,510
Refundable income taxes	4,327	5,539
Total current assets	454,162	367,098
Property, plant, and equipment, net	235,632	207,286
Operating lease right-of-use assets, net	15,042	9,671
Investment in joint venture	5,534	4,944
Intangible assets, net	216,768	218,838
Goodwill	226,294	226,294
Other assets	4,779	7,336
Total assets	1,158,211	1,041,467
Current Liabilities
Current maturities of long-term debt	5,600	3,227
Accounts payable	66,432	53,712
Federal and state excise taxes payable	4,627	6,992
Accrued expenses and other	28,716	24,869
Total current liabilities	105,375	88,800
Long-term debt, less current maturities	29,510	35,266
Convertible senior notes	195,225	194,906
Long-term operating lease liabilities	11,622	6,997
Other noncurrent liabilities	3,723	5,132
Deferred income taxes	67,112	66,101
Total liabilities	412,567	397,202
Commitments and Contingencies – Note 10
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 December 31, 2022 and 2021; 21,994,042 and 21,964,314 shares outstanding at December 31, 2022 and 2021, respectively	6,715	6,715
Additional paid-in capital	318,839	315,802
Retained earnings	443,061	344,237
Accumulated other comprehensive income	(304)	354
Treasury stock, at cost, 1,131,124 and 1,160,852 shares at December 31, 2022 and 2021, respectively	(21,591)	(22,357)
Total MGP Ingredients, Inc. stockholders equity	746,724	644,755
Noncontrolling interest	(1,080)	(490)
Total equity	745,644	644,265
Total liabilities and equity	$ 1,158,211	$ 1,041,467
Common stock, issued (in shares)	23,125,166	23,125,166