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BUSINESS SEGMENTS
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
NOTE 15: BUSINESS SEGMENTS
The Company has two reportable segments: Branded CPG and Flavors & Ingredients. In addition, the Company’s corporate office functions are reported and included under Corporate. Corporate is not a reportable or operating segment but is included for reconciliation purposes and includes the costs for the corporate office administrative activities as well as transaction-related and other costs. The Company does not present assets by reportable segments as they are not reviewed by the Chief Operating Decision Maker for purposes of assessing segment performance and allocating resources.
The following table presents selected financial information relating to the Company’s business segments (in thousands):
Three Months EndedNine Months Ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Product revenues, net
Branded CPG$105,373 $102,693 $313,207 $283,585 
Flavors & Ingredients29,907 26,248 86,168 77,674 
Total product revenues, net$135,280 $128,941 $399,375 $361,259 
Operating income
Branded CPG$5,518 $10,090 $17,555 $30,507 
Flavors & Ingredients7,287 9,520 24,137 14,230 
12,805 19,610 41,692 44,737 
Corporate(5,983)(6,094)(20,115)(28,310)
Total operating income$6,822 $13,516 $21,577 $16,427 
The following table presents disaggregated revenue information for the Company (in thousands):
Three Months EndedNine Months Ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Branded CPG:
North America$75,823 $72,285 $220,071 $190,699 
Europe15,223 18,197 51,479 58,135 
India, Middle East and Africa4,526 3,267 13,007 9,522 
Asia-Pacific5,607 5,732 17,650 16,552 
Latin America4,194 3,212 11,000 8,677 
Flavors & Ingredients29,907 26,248 86,168 77,674 
Total product revenues, net$135,280 $128,941 $399,375 $361,259