CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 21,959	$ 47,889
Receivables (less allowance for credit loss, $1,475 at both June 30, 2023, and December 31, 2022)	147,570	109,267
Inventory	343,826	289,722
Prepaid expenses	5,177	2,957
Refundable income taxes	2,317	4,327
Total current assets	520,849	454,162
Property, plant, and equipment	475,472	450,800
Less accumulated depreciation and amortization	(224,823)	(215,168)
Property, plant, and equipment, net	250,649	235,632
Operating lease right-of-use assets, net	17,122	15,042
Investment in joint ventures	4,955	5,534
Intangible assets, net	271,440	216,768
Goodwill	325,713	226,294
Other assets	4,401	4,779
Total assets	1,395,129	1,158,211
Current Liabilities
Current maturities of long-term debt	6,400	5,600
Accounts payable	84,921	66,432
Federal and state excise taxes payable	5,946	4,627
Accrued expenses and other	21,384	28,716
Total current liabilities	118,651	105,375
Long-term debt, less current maturities	123,319	29,510
Convertible senior notes	195,385	195,225
Long-term operating lease liabilities	13,568	11,622
Contingent consideration	63,900	0
Other noncurrent liabilities	3,943	3,723
Deferred income taxes	69,241	67,112
Total liabilities	588,007	412,567
Commitments and Contingencies (Note 8)
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 June 30, 2023 and December 31, 2022; and 22,014,374 and 21,994,042 shares outstanding at June 30, 2023 and December 31, 2022, respectively	6,715	6,715
Additional paid-in capital	322,267	318,839
Retained earnings	500,933	443,061
Accumulated other comprehensive income (loss)	(169)	(304)
Treasury stock, at cost, 1,110,792 and 1,131,124 shares at June 30, 2023 and December 31, 2022, respectively	(21,347)	(21,591)
Total MGP Ingredients, Inc. stockholders’ equity	808,403	746,724
Noncontrolling interest	(1,281)	(1,080)
Total equity	807,122	745,644
Total liabilities and equity	$ 1,395,129	$ 1,158,211