Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Information

Summary of selected financial data related to our segments

	Three Months Ended March 31, 2023
			Sustainable				Total of
	Beverage		Sourcing &		Intersegment		Reportable
(Thousands)	Solutions		Traceability		Revenues		Segments
Net sales	$	181,209	$	25,391	$	(1,158)	$	205,442
Adjusted EBITDA		8,421		32		n/a		8,453
Less:
Interest expense								6,029
Income tax benefit								(4,359)
Depreciation and amortization								5,874
Acquisition, restructuring and integration expense								6,644
Change in fair value of warrant liabilities								(5,529)
Management and consulting fees (S&D Coffee, Inc. acquisition)								556
Equity-based compensation								1,548
Conway extract and ready-to-drink facility start-up costs								1,869
Mark-to-market adjustments								(1,236)
Loss on disposal of property, plant and equipment								896
Other								487
Net loss							$	(4,326)
Total assets		688,403		84,898		n/a		773,301

	Three Months Ended March 31, 2022
			Sustainable				Total of
	Beverage		Sourcing &		Intersegment		Reportable
(Thousands)	Solutions		Traceability		Revenues		Segments
Net sales	$	148,362	$	47,772	$	(9,706)	$	186,428
Adjusted EBITDA		10,420		974		n/a		11,394
Less:
Interest expense								8,048
Income tax benefit								(1,584)
Depreciation and amortization								6,014
Acquisition, restructuring and integration expense								2,483
Management and consulting fees (S&D Coffee, Inc. acquisition)								1,335
Equity-based compensation								171
Mark-to-market adjustments								(1,145)
Loss on disposal of property, plant and equipment								105
Other								672
Net loss							$	(4,705)
Total assets		532,035		113,329		n/a		645,364