10-Q Filing

MGP INGREDIENTS INC CIK: 835011 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-020862`
Period End Date	20220630
Filing Date	20220804
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	mgpi-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 90 Cash Flow Statement 72 Stockholders Equity 41 Comprehensive Income 30

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$150.00K	USD	Point-in-time
Receivables, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$175.00K	USD	Point-in-time
Preferred stock, percentage non-cumulative	`PreferredStockDividendRatePercentage`	0.05	pure	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.57M	USD	Point-in-time
Preferred stock, percentage non-cumulative	`PreferredStockDividendRatePercentage`	0.05	pure	Annual
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Receivables (less allowance for credit loss, $175 and $150 at June 30, 2022, and December 31, 2021, respectively)	`AccountsReceivableNetCurrent`	$92.54M	USD	Point-in-time
Receivables (less allowance for credit loss, $175 and $150 at June 30, 2022, and December 31, 2021, respectively)	`AccountsReceivableNetCurrent`	$105.39M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Inventory	`InventoryGross`	$272.95M	USD	Point-in-time
Inventory	`InventoryGross`	$245.94M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	437.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.51M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.77M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	437.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	437.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	437.00	shares	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$5.54M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$422.52M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$367.10M	USD	Point-in-time
Property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$404.15M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$418.04M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	23.13M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	23.13M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$196.86M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$206.06M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	21.99M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$207.29M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	21.96M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$211.99M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$15.56M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$9.67M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	1.13M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	1.16M	shares	Point-in-time
Investment in joint ventures	`EquityMethodInvestments`	$4.94M	USD	Point-in-time
Investment in joint ventures	`EquityMethodInvestments`	$5.79M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$217.80M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$218.84M	USD	Point-in-time
Goodwill	`Goodwill`	$226.29M	USD	Point-in-time
Goodwill	`Goodwill`	$226.29M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.34M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.66M	USD	Point-in-time
Total assets	`Assets`	$1.11B	USD	Point-in-time
Total assets	`Assets`	$1.04B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$3.23M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$4.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.71M	USD	Point-in-time
Federal and state excise taxes payable	`SalesAndExciseTaxPayableCurrent`	$7.67M	USD	Point-in-time
Federal and state excise taxes payable	`SalesAndExciseTaxPayableCurrent`	$6.99M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$141.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$20.68M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$24.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$93.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$88.80M	USD	Point-in-time
Long-term debt, less current maturities	`OtherLongTermDebtNoncurrent`	$32.70M	USD	Point-in-time
Long-term debt, less current maturities	`OtherLongTermDebtNoncurrent`	$35.27M	USD	Point-in-time
Convertible senior notes	`ConvertibleDebtNoncurrent`	$194.91M	USD	Point-in-time
Convertible senior notes	`ConvertibleDebtNoncurrent`	$195.07M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$7.00M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$12.21M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$5.13M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$4.09M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$66.10M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$66.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$397.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$403.55M	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares	`PreferredStockValue`	$4.00K	USD	Point-in-time
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares	`PreferredStockValue`	$4.00K	USD	Point-in-time
No par value; authorized 40,000,000 shares; issued 23,125,166 shares at June 30, 2022 and December 31, 2021; and 21,992,751 and 21,964,314 shares outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$6.71M	USD	Point-in-time
No par value; authorized 40,000,000 shares; issued 23,125,166 shares at June 30, 2022 and December 31, 2021; and 21,992,751 and 21,964,314 shares outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$6.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$315.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$317.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$401.92M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$344.24M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$354.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-321.00K	USD	Point-in-time
Treasury stock, at cost, 1,132,415 and 1,160,852 shares at June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$21.73M	USD	Point-in-time
Treasury stock, at cost, 1,132,415 and 1,160,852 shares at June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$22.36M	USD	Point-in-time
Total MGP Ingredients, Inc. stockholders equity	`StockholdersEquity`	$644.75M	USD	Point-in-time
Total MGP Ingredients, Inc. stockholders equity	`StockholdersEquity`	$703.83M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-490.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-754.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$593.58M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$262.53M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$278.51M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$679.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.26M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$703.07M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.11B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.04B	USD	Point-in-time

Income Statement 90 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$194.98M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$283.26M	USD	2 Qtrs
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$174.94M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$390.22M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$259.17M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$135.76M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$194.14M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$118.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$56.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$89.13M	USD	2 Qtrs
Gross profit	`GrossProfit`	$59.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$131.04M	USD	2 Qtrs
Advertising and promotion expenses	`MarketingAndAdvertisingExpense`	$3.37M	USD	1 Quarter
Advertising and promotion expenses	`MarketingAndAdvertisingExpense`	$4.22M	USD	2 Qtrs
Advertising and promotion expenses	`MarketingAndAdvertisingExpense`	$6.07M	USD	1 Quarter
Advertising and promotion expenses	`MarketingAndAdvertisingExpense`	$11.57M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.12M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$36.74M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.86M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$25.79M	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$6.00K	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	-	USD	2 Qtrs
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$35.00K	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$27.66M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$35.31M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$48.16M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$85.39M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.59M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-3.14M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.54M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.01M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.06M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-88.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-58.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.47M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$46.51M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$81.24M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$6.41M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.03M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$18.50M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.34M	USD	1 Quarter
Net income	`ProfitLoss`	$20.06M	USD	1 Quarter
Net income	`ProfitLoss`	$35.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$25.36M	USD	1 Quarter
Net income	`ProfitLoss`	$62.73M	USD	2 Qtrs
Net income	`ProfitLoss`	$37.37M	USD	1 Quarter
Net income	`ProfitLoss`	$15.43M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-198.00K	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-76.00K	USD	2 Qtrs
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-76.00K	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-264.00K	USD	2 Qtrs
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$25.56M	USD	1 Quarter
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$35.56M	USD	2 Qtrs
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$63.00M	USD	2 Qtrs
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$20.14M	USD	1 Quarter
Income attributable to participating securities, basic	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$150.00K	USD	1 Quarter
Income attributable to participating securities, basic	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$535.00K	USD	2 Qtrs
Income attributable to participating securities, basic	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$299.00K	USD	2 Qtrs
Income attributable to participating securities, basic	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$217.00K	USD	1 Quarter
Income attributable to participating securities, diluted	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted`	$150.00K	USD	1 Quarter
Income attributable to participating securities, diluted	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted`	$535.00K	USD	2 Qtrs
Income attributable to participating securities, diluted	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted`	$299.00K	USD	2 Qtrs
Income attributable to participating securities, diluted	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted`	$217.00K	USD	1 Quarter
Net income used in Earnings Per Common Share calculation, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$25.34M	USD	1 Quarter
Net income used in Earnings Per Common Share calculation, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$62.46M	USD	2 Qtrs
Net income used in Earnings Per Common Share calculation, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$19.98M	USD	1 Quarter
Net income used in Earnings Per Common Share calculation, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$35.26M	USD	2 Qtrs
Net income used in Earnings Per Common Share calculation, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$62.46M	USD	2 Qtrs
Net income used in Earnings Per Common Share calculation, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$25.34M	USD	1 Quarter
Net income used in Earnings Per Common Share calculation, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$19.98M	USD	1 Quarter
Net income used in Earnings Per Common Share calculation, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$35.26M	USD	2 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.00M	shares	2 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.00M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.92M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.44M	shares	2 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.44M	shares	2 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.00M	shares	2 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.92M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.00M	shares	1 Quarter
Basic Earnings Per Common Share (in dollars per share)	`EarningsPerShareBasic`	$1.81	USD	2 Qtrs
Basic Earnings Per Common Share (in dollars per share)	`EarningsPerShareBasic`	$2.84	USD	2 Qtrs
Basic Earnings Per Common Share (in dollars per share)	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Basic Earnings Per Common Share (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	1 Quarter
Diluted Earnings Per Common Share (in dollars per share)	`EarningsPerShareDiluted`	$2.84	USD	2 Qtrs
Diluted Earnings Per Common Share (in dollars per share)	`EarningsPerShareDiluted`	$1.81	USD	2 Qtrs
Diluted Earnings Per Common Share (in dollars per share)	`EarningsPerShareDiluted`	$1.15	USD	1 Quarter
Diluted Earnings Per Common Share (in dollars per share)	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$20.06M	USD	1 Quarter
Net income	`ProfitLoss`	$35.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$25.36M	USD	1 Quarter
Net income	`ProfitLoss`	$62.73M	USD	2 Qtrs
Net income	`ProfitLoss`	$37.37M	USD	1 Quarter
Net income	`ProfitLoss`	$15.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.43M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.92M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$4.77M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$2.13M	USD	2 Qtrs
Deferred income taxes, including change in valuation allowance	`IncreaseDecreaseInDeferredTaxAssetValuationAllowance`	$-125.00K	USD	2 Qtrs
Deferred income taxes, including change in valuation allowance	`IncreaseDecreaseInDeferredTaxAssetValuationAllowance`	$1.57M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$69.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-82.00K	USD	2 Qtrs
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$13.14M	USD	2 Qtrs
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-7.53M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$408.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$27.51M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-266.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$897.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$141.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.02M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-13.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$11.44M	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$7.99M	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-4.79M	USD	2 Qtrs
Federal and state excise taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$716.00K	USD	2 Qtrs
Federal and state excise taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$681.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherOperatingActivities`	$2.54M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherOperatingActivities`	$61.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.45M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.02M	USD	2 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.34M	USD	2 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.09M	USD	2 Qtrs
Purchase of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$149.60M	USD	2 Qtrs
Purchase of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Contributions to equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$1.03M	USD	2 Qtrs
Contributions to equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$988.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.31M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$369.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-170.24M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.48M	USD	2 Qtrs
Payment of dividends and dividend equivalents	`PaymentsOfDividends`	$4.71M	USD	2 Qtrs
Payment of dividends and dividend equivalents	`PaymentsOfDividends`	$5.32M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$713.00K	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$765.00K	USD	2 Qtrs
Loan fees paid related to borrowings	`PaymentsOfLoanCosts`	-	USD	2 Qtrs
Loan fees paid related to borrowings	`PaymentsOfLoanCosts`	$666.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.61M	USD	2 Qtrs
Proceeds from credit agreement - revolver	`ProceedsFromLinesOfCredit`	$242.30M	USD	2 Qtrs
Proceeds from credit agreement - revolver	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Payments on credit agreement - revolver	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Payments on credit agreement - revolver	`RepaymentsOfLinesOfCredit`	$10.31M	USD	2 Qtrs
Payment on assumed debt as part of the Merger	`PaymentsOfMergerRelatedCostsFinancingActivities`	-	USD	2 Qtrs
Payment on assumed debt as part of the Merger	`PaymentsOfMergerRelatedCostsFinancingActivities`	$87.50M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.65M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$138.36M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.00K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-39.00K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$15.58M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$15.85M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.66M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.24M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.57M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.41M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.66M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.24M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.57M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.41M	USD	Point-in-time

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Dividends and dividend equivalents (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Dividends and dividend equivalents (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Dividends and dividend equivalents (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Dividends and dividend equivalents (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$593.58M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$262.53M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$278.51M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$679.40M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.26M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$703.07M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$20.06M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$35.49M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$25.36M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$62.73M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$37.37M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$15.43M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-675.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$55.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-443.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$56.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-232.00K	USD	1 Quarter
Dividends and dividend equivalents of $0.12 per common share and per restricted stock unit, net of estimated forfeitures	`Dividends`	$2.66M	USD	1 Quarter
Dividends and dividend equivalents of $0.12 per common share and per restricted stock unit, net of estimated forfeitures	`Dividends`	$2.05M	USD	1 Quarter
Dividends and dividend equivalents of $0.12 per common share and per restricted stock unit, net of estimated forfeitures	`Dividends`	$2.65M	USD	1 Quarter
Dividends and dividend equivalents of $0.12 per common share and per restricted stock unit, net of estimated forfeitures	`Dividends`	$2.66M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.37M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.23M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.54M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.41M	USD	1 Quarter
Stock shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.00K	USD	1 Quarter
Stock shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$711.00K	USD	1 Quarter
Stock shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$91.00K	USD	1 Quarter
Stock shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$674.00K	USD	1 Quarter
Equity consideration for Merger	`AdjustmentsToAdditionalPaidInCapitalMergerConsiderations`	$296.21M	USD	1 Quarter
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$593.58M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$262.53M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$278.51M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$679.40M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.26M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$703.07M	USD	Point-in-time

Comprehensive Income 30 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$25.56M	USD	1 Quarter
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$35.56M	USD	2 Qtrs
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$63.00M	USD	2 Qtrs
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$20.14M	USD	1 Quarter
Unrealized gain (loss) on foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-430.00K	USD	1 Quarter
Unrealized gain (loss) on foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-649.00K	USD	2 Qtrs
Unrealized gain (loss) on foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.00K	USD	2 Qtrs
Unrealized gain (loss) on foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.00K	USD	1 Quarter
Change in Company-sponsored post-employment benefit plan	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$26.00K	USD	2 Qtrs
Change in Company-sponsored post-employment benefit plan	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Change in Company-sponsored post-employment benefit plan	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-49.00K	USD	2 Qtrs
Change in Company-sponsored post-employment benefit plan	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$13.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-675.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$55.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-443.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$56.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-232.00K	USD	1 Quarter
Comprehensive income attributable to MGP Ingredients, Inc.	`ComprehensiveIncomeNetOfTax`	$35.62M	USD	2 Qtrs
Comprehensive income attributable to MGP Ingredients, Inc.	`ComprehensiveIncomeNetOfTax`	$20.14M	USD	1 Quarter
Comprehensive income attributable to MGP Ingredients, Inc.	`ComprehensiveIncomeNetOfTax`	$62.32M	USD	2 Qtrs
Comprehensive income attributable to MGP Ingredients, Inc.	`ComprehensiveIncomeNetOfTax`	$25.12M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-198.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-264.00K	USD	2 Qtrs
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-76.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-76.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$24.92M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$62.06M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$20.06M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$35.54M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.