OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Operating Profit (Loss) Per Segment

The following tables present summarized financial information for each segment:


	Year Ended December 31, 2024
	Distilling Solutions		Branded Spirits		Ingredient Solutions		Corporate		Total
Sales(a)	$	332,204	$	240,816	$	130,605	$	—	$	703,625
Cost of Goods Sold	190,277		122,620		104,411		—		417,308
Gross Profit	141,927		118,196		26,194		—		286,317
Advertising and promotion expense	1,352		36,909		1,714		533		40,508
SG&A expense	2,970		39,711		3,949		34,761		81,391
Impairment of long-lived assets and other	137		—		—		—		137
Goodwill impairment	—		73,755		—		—		73,755
Change in fair value of contingent consideration	—		16,100		—		—		16,100
Operating income	$	137,468	$	(48,279)	$	20,531	$	(35,294)	$	74,426

Depreciation and amortization	$	7,893	$	8,035	$	4,711	$	1,350	$	21,989


	Year Ended December 31, 2023
	Distilling Solutions		Branded Spirits		Ingredient Solutions		Corporate		Total
Sales(a)	$	450,854	$	253,933	$	131,736	$	—	$	836,523
Cost of Goods Sold	305,890		141,152		84,769		—		531,811
Gross Profit	144,964		112,781		46,967		—		304,712
Advertising and promotion expense	1,127		34,463		2,400		223		38,213
SG&A expense	2,301		37,389		3,838		47,867		91,395
Impairment of long-lived assets and other	19,391		—		—		—		19,391
Change in fair value of contingent consideration	—		7,100		—		—		7,100
Operating income	$	122,145	$	33,829	$	40,729	$	(48,090)	$	148,613

Depreciation and amortization	$	11,833	$	6,952	$	2,574	$	754	$	22,113


	Year Ended December 31, 2022
	Distilling Solutions		Branded Spirits		Ingredient Solutions		Corporate		Total
Sales(a)	$	428,478	$	237,939	$	115,941	$	—	$	782,358
Cost of Goods Sold	302,196		142,418		84,438		—		529,052
Gross Profit	126,282		95,521		31,503		—		253,306
Advertising and promotion expense	959		27,341		1,180		234		29,714
SG&A expense	3,672		34,847		2,791		33,317		74,627


Operating income	$	121,651	$	33,333	$	27,532	$	(33,551)	$	148,965

Depreciation and amortization	$	11,641	$	5,909	$	2,473	$	1,432	$	21,455

(a)Sales from foreign sources totaled $36,240, $49,822, and $56,719 for the years ended December 31, 2024, 2023, and 2022, respectively, and is largely derived from the United Kingdom, Japan, Canada, Mexico, and Australia. The balance of total sales is from domestic sources.

Schedule of Identifiable Assets by Segment

The following table allocates assets to each segment as of:


	December 31,
	2024		2023
Identifiable Assets
Distilling Solutions	$	382,432	$	369,241
Branded Spirits	862,458		910,633
Ingredient Solutions	132,003		88,846
Corporate	28,892		23,628
Total(a)	$	1,405,785	$	1,392,348

(a)As of December 31, 2024 and 2023, the Company had $4,042 and $3,524, respectively, of long-lived assets located in Northern Ireland.