10-Q Filing

MGP INGREDIENTS INC CIK: 835011 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-027007`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	mgpi-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 86 Cash Flow Statement 68 Stockholders Equity 42 Comprehensive Income 30

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.48M	USD	Point-in-time
Receivables, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.89M	USD	Point-in-time
Preferred stock, percentage non-cumulative	`PreferredStockDividendRatePercentage`	0.05	pure	Annual
Preferred stock, percentage non-cumulative	`PreferredStockDividendRatePercentage`	0.05	pure	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.96M	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, $1,475 at both June 30, 2023, and December 31, 2022)	`AccountsReceivableNetCurrent`	$147.57M	USD	Point-in-time
Receivables (less allowance for credit loss, $1,475 at both June 30, 2023, and December 31, 2022)	`AccountsReceivableNetCurrent`	$109.27M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Inventory	`InventoryGross`	$289.72M	USD	Point-in-time
Inventory	`InventoryGross`	$343.83M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	437.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.18M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	437.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.96M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$2.32M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$4.33M	USD	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$520.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$454.16M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$475.47M	USD	Point-in-time
Property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$450.80M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$215.17M	USD	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`	$224.82M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	22.01M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$235.63M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	21.99M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$250.65M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$15.04M	USD	Point-in-time
Treasury stock, common (in shares)	`TreasuryStockCommonShares`	1.11M	shares	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$17.12M	USD	Point-in-time
Treasury stock, common (in shares)	`TreasuryStockCommonShares`	1.13M	shares	Point-in-time
Investment in joint ventures	`EquityMethodInvestments`	$4.96M	USD	Point-in-time
Investment in joint ventures	`EquityMethodInvestments`	$5.53M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$271.44M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$216.77M	USD	Point-in-time
Goodwill	`Goodwill`	$325.71M	USD	Point-in-time
Goodwill	`Goodwill`	$226.29M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.78M	USD	Point-in-time
Total assets	`Assets`	$1.16B	USD	Point-in-time
Total assets	`Assets`	$1.40B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$5.60M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$84.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.43M	USD	Point-in-time
Federal and state excise taxes payable	`SalesAndExciseTaxPayableCurrent`	$4.63M	USD	Point-in-time
Federal and state excise taxes payable	`SalesAndExciseTaxPayableCurrent`	$5.95M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$28.72M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$21.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$118.65M	USD	Point-in-time
Long-term debt, less current maturities	`OtherLongTermDebtNoncurrent`	$123.32M	USD	Point-in-time
Long-term debt, less current maturities	`OtherLongTermDebtNoncurrent`	$29.51M	USD	Point-in-time
Convertible senior notes	`ConvertibleDebtNoncurrent`	$195.38M	USD	Point-in-time
Convertible senior notes	`ConvertibleDebtNoncurrent`	$195.22M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$13.57M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$11.62M	USD	Point-in-time
Contingent consideration	`BusinessCombinationContingentConsiderationLiability`	-	USD	Point-in-time
Contingent consideration	`BusinessCombinationContingentConsiderationLiability`	$63.90M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$3.72M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$3.94M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$69.24M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$67.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$412.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$588.01M	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, 2023 and December 31, 2022; and 22,014,374 and 21,994,042 shares outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$6.71M	USD	Point-in-time
No par value; authorized 40,000,000 shares; issued 23,125,166 shares at June 30, 2023 and December 31, 2022; and 22,014,374 and 21,994,042 shares outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$6.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$318.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$322.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$443.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$500.93M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-304.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-169.00K	USD	Point-in-time
Treasury stock, at cost, 1,110,792 and 1,131,124 shares at June 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$21.59M	USD	Point-in-time
Treasury stock, at cost, 1,110,792 and 1,131,124 shares at June 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$21.35M	USD	Point-in-time
Total MGP Ingredients, Inc. stockholders equity	`StockholdersEquity`	$808.40M	USD	Point-in-time
Total MGP Ingredients, Inc. stockholders equity	`StockholdersEquity`	$746.72M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-1.28M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-1.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$679.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$745.64M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.26M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$775.95M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$703.07M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$807.12M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.40B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.16B	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$194.98M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$390.22M	USD	2 Qtrs
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$209.00M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$410.01M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$259.17M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$263.89M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$135.76M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$132.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$131.04M	USD	2 Qtrs
Gross profit	`GrossProfit`	$76.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$146.12M	USD	2 Qtrs
Advertising and promotion expenses	`MarketingAndAdvertisingExpense`	$6.07M	USD	1 Quarter
Advertising and promotion expenses	`MarketingAndAdvertisingExpense`	$8.64M	USD	1 Quarter
Advertising and promotion expenses	`MarketingAndAdvertisingExpense`	$11.57M	USD	2 Qtrs
Advertising and promotion expenses	`MarketingAndAdvertisingExpense`	$16.37M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.85M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$23.51M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.09M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$44.05M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$85.70M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$35.31M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$44.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$85.39M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.28M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.54M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.28M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-3.14M	USD	2 Qtrs
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`	$-93.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$30.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$83.45M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$81.24M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.77M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$10.80M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$18.50M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.46M	USD	2 Qtrs
Net income	`ProfitLoss`	$37.37M	USD	1 Quarter
Net income	`ProfitLoss`	$62.73M	USD	2 Qtrs
Net income	`ProfitLoss`	$63.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$31.03M	USD	1 Quarter
Net income	`ProfitLoss`	$25.36M	USD	1 Quarter
Net income	`ProfitLoss`	$31.96M	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-201.00K	USD	2 Qtrs
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-162.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-264.00K	USD	2 Qtrs
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-198.00K	USD	1 Quarter
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$32.13M	USD	1 Quarter
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$63.00M	USD	2 Qtrs
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$25.56M	USD	1 Quarter
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$63.20M	USD	2 Qtrs
Income attributable to participating securities, basic	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$535.00K	USD	2 Qtrs
Income attributable to participating securities, basic	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$217.00K	USD	1 Quarter
Income attributable to participating securities, basic	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$324.00K	USD	1 Quarter
Income attributable to participating securities, basic	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$633.00K	USD	2 Qtrs
Income attributable to participating securities, diluted	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted`	$535.00K	USD	2 Qtrs
Income attributable to participating securities, diluted	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted`	$633.00K	USD	2 Qtrs
Income attributable to participating securities, diluted	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted`	$217.00K	USD	1 Quarter
Income attributable to participating securities, diluted	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted`	$324.00K	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`	$31.80M	USD	1 Quarter
Net income used in earnings per common share calculation, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$62.56M	USD	2 Qtrs
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, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$25.34M	USD	1 Quarter
Net income used in earnings per common share calculation, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$62.56M	USD	2 Qtrs
Net income used in earnings per common share calculation, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$31.80M	USD	1 Quarter
Net income used in earnings per common share calculation, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$62.46M	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.00M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.05M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.14M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.11M	shares	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.44	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.84	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.84	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.44	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.83	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.84	USD	2 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$37.37M	USD	1 Quarter
Net income	`ProfitLoss`	$62.73M	USD	2 Qtrs
Net income	`ProfitLoss`	$63.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$31.03M	USD	1 Quarter
Net income	`ProfitLoss`	$25.36M	USD	1 Quarter
Net income	`ProfitLoss`	$31.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.49M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.32M	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`	$2.13M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$3.64M	USD	2 Qtrs
Equity method investment loss	`IncomeLossFromEquityMethodInvestments`	$-180.00K	USD	2 Qtrs
Equity method investment loss	`IncomeLossFromEquityMethodInvestments`	$-579.00K	USD	2 Qtrs
Deferred income taxes, including change in valuation allowance	`IncreaseDecreaseInDeferredTaxAssetValuationAllowance`	$-2.13M	USD	2 Qtrs
Deferred income taxes, including change in valuation allowance	`IncreaseDecreaseInDeferredTaxAssetValuationAllowance`	$-125.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-206.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$98.00K	USD	2 Qtrs
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$13.14M	USD	2 Qtrs
Receivables, net	`IncreaseDecreaseInAccountsReceivable`	$35.83M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$27.51M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$41.02M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-266.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.08M	USD	2 Qtrs
Income taxes payable (refundable)	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.01M	USD	2 Qtrs
Income taxes payable (refundable)	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$141.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$11.44M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$22.33M	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-4.79M	USD	2 Qtrs
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-7.05M	USD	2 Qtrs
Federal and state excise taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$681.00K	USD	2 Qtrs
Federal and state excise taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$1.32M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherOperatingActivities`	$-439.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherOperatingActivities`	$61.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.02M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.16M	USD	2 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.05M	USD	2 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.09M	USD	2 Qtrs
Purchase of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$104.40M	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`	-	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.14M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$369.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-135.59M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.48M	USD	2 Qtrs
Payment of dividends and dividend equivalents	`PaymentsOfDividends`	$5.32M	USD	2 Qtrs
Payment of dividends and dividend equivalents	`PaymentsOfDividends`	$5.34M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$713.00K	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$801.00K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$105.00M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.61M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$9.40M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$89.46M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.65M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-39.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$15.85M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-25.93M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.41M	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`	$47.89M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.96M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.41M	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`	$47.89M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$21.96M	USD	Point-in-time

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Dividends and dividend equivalents (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	2 Qtrs
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`	$679.40M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$745.64M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.26M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$775.95M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$703.07M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$807.12M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$37.37M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$62.73M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$63.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$31.03M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$25.36M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$31.96M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$68.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-443.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$135.00K	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-675.00K	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$67.00K	USD	1 Quarter
Other comprehensive income	`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`	$2.66M	USD	1 Quarter
Dividends and dividend equivalents of $0.12 per common share and per restricted stock unit, net of estimated forfeitures	`Dividends`	$2.66M	USD	1 Quarter
Dividends and dividend equivalents of $0.12 per common share and per restricted stock unit, net of estimated forfeitures	`Dividends`	$2.66M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.41M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.37M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.81M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.67M	USD	1 Quarter
Stock shares awarded, forfeited or vested	`StockGrantedDuringPeriodValueSharebasedCompensation`	-	USD	1 Quarter
Stock shares awarded, forfeited or vested	`StockGrantedDuringPeriodValueSharebasedCompensation`	-	USD	1 Quarter
Stock shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$711.00K	USD	1 Quarter
Stock shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	1 Quarter
Stock shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.00K	USD	1 Quarter
Stock shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$801.00K	USD	1 Quarter
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$679.40M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$745.64M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$644.26M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$775.95M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$703.07M	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$807.12M	USD	Point-in-time

Comprehensive Income 30 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$32.13M	USD	1 Quarter
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$63.00M	USD	2 Qtrs
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$25.56M	USD	1 Quarter
Net income attributable to MGP Ingredients, Inc.	`NetIncomeLoss`	$63.20M	USD	2 Qtrs
Unrealized gain (loss) on foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-430.00K	USD	1 Quarter
Unrealized gain (loss) on foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$311.00K	USD	2 Qtrs
Unrealized gain (loss) on foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$136.00K	USD	1 Quarter
Unrealized gain (loss) on foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-649.00K	USD	2 Qtrs
Change in Company-sponsored post-employment benefit plan	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$13.00K	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`	$176.00K	USD	2 Qtrs
Change in Company-sponsored post-employment benefit plan	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$69.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$68.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-443.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$135.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-675.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$67.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-232.00K	USD	1 Quarter
Comprehensive income attributable to MGP Ingredients, Inc.	`ComprehensiveIncomeNetOfTax`	$63.33M	USD	2 Qtrs
Comprehensive income attributable to MGP Ingredients, Inc.	`ComprehensiveIncomeNetOfTax`	$25.12M	USD	1 Quarter
Comprehensive income attributable to MGP Ingredients, Inc.	`ComprehensiveIncomeNetOfTax`	$32.19M	USD	1 Quarter
Comprehensive income attributable to MGP Ingredients, Inc.	`ComprehensiveIncomeNetOfTax`	$62.32M	USD	2 Qtrs
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-162.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-264.00K	USD	2 Qtrs
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-198.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-201.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$62.06M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$63.13M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$32.03M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$24.92M	USD	1 Quarter

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