Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Information

Summary of selected financial data related to our segments

	Three Months Ended September 30, 2022
			Sustainable				Total of
	Beverage		Sourcing &		Intersegment		Reportable
(Thousands)	Solutions		Traceability		Revenues		Segments
Net sales	$	173,486	$	62,809	$	(5,987)	$	230,308
Adjusted EBITDA		15,885		2,028		n/a		17,913
Less:
Interest expense								13,404
Income tax benefit								(428)
Depreciation and amortization								5,816
Acquisition, restructuring and integration expense								3,959
Change in fair value of warrants								5,215
Management and consulting fees (S&D Coffee, Inc. acquisition)								834
Equity-based compensation								705
Mark-to-market adjustments								543
Loss on disposal of property, plant and equipment								459
Other								424
Net loss							$	(13,018)
Total assets		638,160		111,928		n/a		750,088

	Three Months Ended September 30, 2021
			Sustainable				Total of
	Beverage		Sourcing &		Intersegment		Reportable
(Thousands)	Solutions		Traceability		Revenues		Segments
Net sales	$	138,838	$	47,529	$	(5,090)	$	181,277
Adjusted EBITDA		11,462		2,017		n/a		13,479
Less:
Interest expense								8,614
Income tax benefit								(796)
Depreciation and amortization								6,072
Acquisition, restructuring and integration expense								1,829
Management and consulting fees (S&D Coffee, Inc. acquisition)								1,591
Equity-based compensation								306
Mark-to-market adjustments								(4)
Gain on disposal of property, plant and equipment								(390)
Other								147
Net loss							$	(3,890)
Total assets		497,219		85,275		n/a		582,494

	Nine Months Ended September 30, 2022
			Sustainable				Total of
	Beverage		Sourcing &		Intersegment		Reportable
(Thousands)	Solutions		Traceability		Revenues		Segments
Net sales	$	492,712	$	169,041	$	(21,604)	$	640,149
Adjusted EBITDA		38,776		3,824		n/a		42,600
Less:
Interest expense, net								30,265
Income tax benefit								(3,511)
Depreciation and amortization								17,782
Acquisition, restructuring and integration expense								8,746
Change in fair value of warrants								5,215
Management and consulting fees (S&D Coffee, Inc. acquisition)								3,035
Equity-based compensation								1,184
Mark-to-market adjustments								793
Loss on disposal of property, plant and equipment								748
Other								1,885
Net loss							$	(23,542)
Total assets		638,160		111,928		n/a		750,088

	Nine Months Ended September 30, 2021
			Sustainable				Total of
	Beverage		Sourcing &		Intersegment		Reportable
(Thousands)	Solutions		Traceability		Revenues		Segments
Net sales	$	400,506	$	121,550	$	(14,304)	$	507,752
Adjusted EBITDA		29,924		3,047		n/a		32,971
Less:
Interest expense, net								24,283
Income tax benefit								(2,239)
Depreciation and amortization								18,386
Acquisition, restructuring and integration expense								3,772
Management and consulting fees (S&D Coffee, Inc. acquisition)								4,791
Equity-based compensation								918
Mark-to-market adjustments								(1,979)
Gain on disposal of property, plant and equipment								(147)
Other								1,268
Net loss							$	(16,082)
Total assets		497,219		85,275		n/a		582,494

Summary of net sales information by geographic area

	Three Months Ended September 30,				Nine Months Ended September 30,
(Thousands)	2022		2021		2022		2021
United States	$	181,789	$	146,642	$	515,742	$	423,524
All other countries		48,519		34,635		124,407		84,228
Net sales	$	230,308	$	181,277	$	640,149	$	507,752