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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Sales $ 201,010 $ 195,235
Cost of sales 131,186 123,414
Gross profit 69,824 71,821
Advertising and promotion expenses 7,733 5,504
Selling, general, and administrative expenses 20,532 16,237
Operating income 41,559 50,080
Interest expense, net (995) (1,598)
Other income (expense), net 123 54
Income before income taxes 40,687 48,536
Income tax expense 9,655 11,165
Net income 31,032 37,371
Net loss attributable to noncontrolling interest 39 66
Net income attributable to MGP Ingredients, Inc. 31,071 37,437
Income attributable to participating securities, basic (311) (318)
Income attributable to participating securities, diluted (311) (318)
Net income used in earnings per common share calculation, basic 30,760 37,119
Net income used in earnings per common share calculation, diluted $ 30,760 $ 37,119
Weighted average common shares    
Basic (in shares) 22,040,224 21,989,100
Diluted (in shares) 22,072,271 21,989,100
Earnings per common share    
Basic (in dollars per share) $ 1.40 $ 1.69
Diluted (in dollars per share) $ 1.39 $ 1.69