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Operating Segments
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Operating Segments Operating Segments
At March 31, 2023, 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. The 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 selling, general and administrative expenses, interest expense, and other general miscellaneous expenses are excluded from segment operations and are classified as Corporate.  Receivables, inventories, property, plant and equipment, leases, goodwill and intangible assets have been identified with the segments to which they relate.  All other assets are considered as Corporate.
The following table presents summarized financial information for each segment:
Quarter Ended March 31,
20232022
Sales to Customers
Distilling Solutions$113,223 $111,509 
Branded Spirits56,883 55,751 
Ingredient Solutions30,904 27,975 
Total$201,010 $195,235 
Gross Profit
Distilling Solutions$33,028 $38,933 
Branded Spirits24,593 24,782 
Ingredient Solutions12,203 8,106 
Total$69,824 $71,821 
Depreciation and Amortization
Distilling Solutions$2,851 $2,861 
Branded Spirits1,491 1,782 
Ingredient Solutions658 612 
Corporate171 366 
Total$5,171 $5,621 
Income (loss) before Income Taxes
Distilling Solutions$32,301 $37,992 
Branded Spirits9,157 10,786 
Ingredient Solutions10,846 7,471 
Corporate(11,617)(7,713)
Total$40,687 $48,536 

The following table allocates assets to each segment as of:
March 31, 2023December 31, 2022
Identifiable Assets
Distilling Solutions$369,447 $350,068 
Branded Spirits706,854 698,985 
Ingredient Solutions72,827 63,943 
Corporate35,058 45,215 
Total$1,184,186 $1,158,211