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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Sales $ 836,523 $ 782,358 $ 626,720
Cost of sales 531,811 529,052 427,755
Gross profit 304,712 253,306 198,965
Advertising and promotion expenses 38,213 29,714 16,098
Selling, general, and administrative expenses 91,395 74,627 72,829
Impairment of long-lived assets and other 19,391 0 0
Change in fair value of contingent consideration 7,100 0 0
Insurance recoveries 0 0 (16,325)
Operating income 148,613 148,965 126,363
Interest expense, net (6,647) (5,451) (4,037)
Other expense, net (220) (3,342) (1,230)
Income before income taxes 141,746 140,172 121,096
Income tax expense 34,616 31,300 30,279
Net income 107,130 108,872 90,817
Net loss attributable to noncontrolling interest 345 590 490
Net income attributable to MGP Ingredients, Inc. 107,475 109,462 91,307
Income attributable to participating securities, basic (1,074) (871) (712)
Income attributable to participating securities, diluted (1,074) (871) (712)
Net income used in earnings per common share calculation, basic 106,401 108,591 90,595
Net income used in earnings per common share calculation, diluted $ 106,401 $ 108,591 $ 90,595
Weighted average common shares      
Basic (in shares) 22,059,816 22,002,990 20,719,663
Diluted (in shares) 22,173,918 22,053,966 20,719,663
Earnings per common share      
Basic (in dollars per share) $ 4.82 $ 4.94 $ 4.37
Diluted (in dollars per share) $ 4.80 $ 4.92 $ 4.37