CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 18,388	$ 47,889
Receivables (less allowance for credit loss of $1,475 at both December 31, 2023 and 2022)	144,286	109,267
Inventory	346,853	289,722
Prepaid expenses	3,580	2,957
Refundable income taxes	1,190	4,327
Total current assets	514,297	454,162
Property, plant, and equipment, net	262,303	235,632
Operating lease right-of-use assets, net	13,975	15,042
Investment in joint venture	5,197	5,534
Intangible assets, net	271,706	216,768
Goodwill	321,544	226,294
Other assets	3,326	4,779
Total assets	1,392,348	1,158,211
Current Liabilities
Current maturities of long-term debt	6,400	5,600
Accounts payable	73,594	66,432
Federal and state excise taxes payable	2,251	4,627
Accrued expenses and other	31,861	28,716
Total current liabilities	114,106	105,375
Long-term debt, less current maturities	85,305	29,510
Convertible senior notes	195,544	195,225
Long-term operating lease liabilities	11,292	11,622
Contingent consideration	69,200	0
Other noncurrent liabilities	4,763	3,723
Deferred income taxes	63,071	67,112
Total liabilities	543,281	412,567
Commitments and Contingencies – Note 11
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, 2023 and 2022; 22,016,113 and 21,994,042 shares outstanding at December 31, 2023 and 2022, respectively	6,715	6,715
Additional paid-in capital	325,453	318,839
Retained earnings	539,883	443,061
Accumulated other comprehensive income	(397)	(304)
Treasury stock, at cost, 1,109,053 and 1,131,124 shares at December 31, 2023 and 2022, respectively	(21,166)	(21,591)
Total MGP Ingredients, Inc. stockholders equity	850,492	746,724
Noncontrolling interest	(1,425)	(1,080)
Total equity	849,067	745,644
Total liabilities and equity	$ 1,392,348	$ 1,158,211