Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Information

Summary of selected financial data related to our segments

	Three Months Ended March 31, 2024
			Sustainable				Total of
	Beverage		Sourcing &		Intersegment		Reportable
(Thousands)	Solutions		Traceability		Revenues		Segments
Net sales	$	158,059	$	36,320	$	(1,879)	$	192,500
Adjusted EBITDA		10,800		342		n/a		11,142
Less:
Interest expense								7,579
Income tax expense (benefit)								5,815
Depreciation and amortization								7,548
Transaction, restructuring and integration expense								2,964
Change in fair value of warrant liabilities								(41)
Equity-based compensation								2,455
Conway extract and ready-to-drink facility start-up costs								9,796
Mark-to-market adjustments								(1,640)
Loss (gain) on disposal of property, plant and equipment								2
Other								337
Net income (loss)							$	(23,673)
Total assets		917,091		66,165		n/a		983,256

	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 expense (benefit)								(4,359)
Depreciation and amortization								5,874
Transaction, 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 (gain) on disposal of property, plant and equipment								896
Other								487
Net loss							$	(4,326)
Total assets		688,403		84,898		n/a		773,301