2020 Q4 Form 10-K Financial Statement

#000156215121000031 Filed on April 13, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019
Revenue $20.19M $20.94M $67.14M
YoY Change -3.61% 2.49% -0.93%
Cost Of Revenue $15.26M $14.53M $42.03M
YoY Change 5.01% 26.43% 16.38%
Gross Profit $4.929M $7.494M $25.11M
YoY Change -34.23% -16.2% -20.68%
Gross Profit Margin 24.42% 35.78% 37.4%
Selling, General & Admin $6.176M $6.620M $29.75M
YoY Change -6.71% 5.99% 10.1%
% of Gross Profit 125.3% 88.34% 118.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.926M $2.122M $8.907M
YoY Change -9.24% -5.6% -0.78%
% of Gross Profit 39.07% 28.32% 35.47%
Operating Expenses $6.575M $7.054M $29.75M
YoY Change -6.79% 5.57% 10.1%
Operating Profit -$1.646M $77.00K -$7.111M
YoY Change -2237.66% -94.84% -328.43%
Interest Expense -$329.0K -$331.0K $1.061M
YoY Change -0.6% -1.49% -10.01%
% of Operating Profit -429.87%
Other Income/Expense, Net $77.00K -$9.000K -$628.0K
YoY Change -955.56% -110.71% 64.4%
Pretax Income -$3.283M -$1.343M -$7.739M
YoY Change 144.45% -208.22% -383.38%
Income Tax -$1.256M -$379.0K -$2.073M
% Of Pretax Income
Net Earnings -$2.027M -$172.0K -$5.666M
YoY Change 1078.49% -119.41% -386.45%
Net Earnings / Revenue -10.04% -0.82% -8.44%
Basic Earnings Per Share
Diluted Earnings Per Share -$87.21K -$41.27K -$241.0K
COMMON SHARES
Basic Shares Outstanding 23.24M shares 23.42M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.82M $22.99M $22.99M
YoY Change 64.5% -19.58% -19.58%
Cash & Equivalents $29.31M $12.99M $12.99M
Short-Term Investments $8.507M $10.01M $10.01M
Other Short-Term Assets $2.349M $1.904M $4.287M
YoY Change 23.37% -2.61% 65.33%
Inventory $57.55M $69.46M $69.46M
Prepaid Expenses
Receivables $7.906M $10.13M $10.13M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $106.2M $106.9M $106.9M
YoY Change -0.64% -7.66% -5.24%
LONG-TERM ASSETS
Property, Plant & Equipment $113.7M $119.1M $119.5M
YoY Change -4.56% -5.64% -5.32%
Goodwill $1.262M $1.262M
YoY Change 0.0% 0.0%
Intangibles $9.238M $10.95M
YoY Change -15.63% -7.67%
Long-Term Investments
YoY Change
Other Assets $241.0K $667.0K $260.0K
YoY Change -63.87% 130.8% -10.03%
Total Long-Term Assets $124.2M $131.3M $131.3M
YoY Change -5.44% -5.76% -5.76%
TOTAL ASSETS
Total Short-Term Assets $106.2M $106.9M $106.9M
Total Long-Term Assets $124.2M $131.3M $131.3M
Total Assets $230.4M $238.2M $238.2M
YoY Change -3.29% -6.62% -5.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.100M $5.469M $5.469M
YoY Change -25.03% -29.28% -29.28%
Accrued Expenses $5.355M $10.37M $4.899M
YoY Change -48.35% -17.68% 0.76%
Deferred Revenue $300.0K $405.0K
YoY Change -25.93% 8.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.388M $1.127M $1.127M
YoY Change 200.62% 0.18% 0.18%
Total Short-Term Liabilities $13.08M $11.90M $11.90M
YoY Change 9.89% -15.57% -15.57%
LONG-TERM LIABILITIES
Long-Term Debt $21.20M $21.05M $21.05M
YoY Change 0.7% -5.08% -5.08%
Other Long-Term Liabilities $93.00K $255.0K $255.0K
YoY Change -63.53% 1008.7% 1008.7%
Total Long-Term Liabilities $21.77M $24.40M $21.31M
YoY Change -10.77% -12.27% -4.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.08M $11.90M $11.90M
Total Long-Term Liabilities $21.77M $24.40M $21.31M
Total Liabilities $34.85M $36.30M $36.30M
YoY Change -4.0% -13.38% -11.69%
SHAREHOLDERS EQUITY
Retained Earnings -$82.28M -$75.87M
YoY Change 8.45% 17.52%
Common Stock $232.0K $232.0K
YoY Change 0.0% -2.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $195.5M $201.9M $201.9M
YoY Change
Total Liabilities & Shareholders Equity $230.4M $238.2M $238.2M
YoY Change -3.29% -6.62% -5.53%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$2.027M -$172.0K -$5.666M
YoY Change 1078.49% -119.41% -386.45%
Depreciation, Depletion And Amortization $1.926M $2.122M $8.907M
YoY Change -9.24% -5.6% -0.78%
Cash From Operating Activities $4.391M $255.0K $3.642M
YoY Change 1621.96% -91.49% -57.98%
INVESTING ACTIVITIES
Capital Expenditures -$521.0K -$1.270M $5.355M
YoY Change -58.98% -15.28% -12.03%
Acquisitions
YoY Change
Other Investing Activities $255.0K $426.0K $10.07M
YoY Change -40.14% -109.57% 1085.87%
Cash From Investing Activities -$266.0K -$844.0K $4.713M
YoY Change -68.48% -85.82% -189.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.493M
YoY Change 38.5%
Debt Paid & Issued, Net $1.140M
YoY Change 0.0%
Cash From Financing Activities -285.0K -2.053M -$4.745M
YoY Change -86.12% 155.67% 23.41%
NET CHANGE
Cash From Operating Activities 4.391M 255.0K $3.642M
Cash From Investing Activities -266.0K -844.0K $4.713M
Cash From Financing Activities -285.0K -2.053M -$4.745M
Net Change In Cash 3.840M -2.642M $3.610M
YoY Change -245.34% -29.72% -967.79%
FREE CASH FLOW
Cash From Operating Activities $4.391M $255.0K $3.642M
Capital Expenditures -$521.0K -$1.270M $5.355M
Free Cash Flow $4.912M $1.525M -$1.713M
YoY Change 222.1% -66.07% -166.4%

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CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
19250000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3820000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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3103000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5355000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1945000 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
818000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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342000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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4713000 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
CY2020 us-gaap Repayments Of Long Term Debt
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1425000 USD
CY2019 us-gaap Repayments Of Long Term Debt
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1140000 USD
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
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0 USD
CY2019 us-gaap Payment For Contingent Consideration Liability Financing Activities
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112000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
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3493000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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2395000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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-4745000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16328000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3610000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12986000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9376000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29314000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12986000 USD
CY2020 us-gaap Interest Paid Net
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1558000 USD
CY2019 us-gaap Interest Paid Net
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1313000 USD
CY2020 us-gaap Income Taxes Paid Net
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0 USD
CY2019 us-gaap Income Taxes Paid Net
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0 USD
CY2020 us-gaap Unrealized Gain Loss On Investments
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1000 USD
CY2019 us-gaap Unrealized Gain Loss On Investments
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31000 USD
CY2020 cwgl Acquisition Of Property And Equipment Accrued But Not Yet Paid
AcquisitionOfPropertyAndEquipmentAccruedButNotYetPaid
35000 USD
CY2019 cwgl Acquisition Of Property And Equipment Accrued But Not Yet Paid
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157000 USD
CY2018Q4 us-gaap Stockholders Equity
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211025000 USD
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-5666000 USD
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31000 USD
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2000 USD
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3493000 USD
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201899000 USD
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1000 USD
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28000 USD
CY2020Q4 us-gaap Stockholders Equity
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195520000 USD
CY2020 us-gaap Nature Of Operations
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Nature of Operations<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Crimson is in the business of producing and selling luxury wines (i.e., wines that retail for over $16 per 750ml bottle). Crimson is headquartered in Napa, California and through its wholly-owned subsidiaries owns seven primary wine estates and brands: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery, and Malene Wines. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pine Ridge Vineyards was acquired in 1991 and has been conducting operations since 1978. Pine Ridge Vineyards owns 154 acres, and controls through leasing arrangements an additional two acres, of estate vineyards in five Napa Valley, California appellations – Stags Leap District, Rutherford, Oakville, Carneros and Howell Mountain. Approximately 132 acres are currently planted. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Archery Summit was created by Crimson in 1993. Archery Summit owns 92 acres of estate vineyards in the Willamette Valley, Oregon. Approximately 68 acres are currently planted. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Double Canyon vineyard land was acquired in 2005 and is located in the Horse Heaven Hills of Washington’s Columbia Valley. In September 2017, Double Canyon completed construction of a 47,000 square-foot wine production facility in West Richland, Washington.</span><span style="color:#ee2724;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As part of our strategic initiatives targeted at supply chain management, Crimson completed its exit of the Double Canyon farming operations in January 2020.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Chamisal Vineyards was acquired in 2008 and has been conducting operations since 1973. Chamisal Vineyards owns 92 acres of vineyards in the Edna Valley, California, of which 66 acres are currently planted.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Seghesio Family Vineyards was acquired in 2011 and has been conducting operations since 1895. Seghesio Family Vineyards owns 311 acres of vineyards in two Sonoma County, California appellations, the Alexander Valley and Russian River Valley, of which approximately 276 acres are currently planted. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Seven Hills Winery, which has been conducting operations since 1988, was acquired in January 2016 and is located in Walla Walla, Washington. The Company also purchased land, primarily in the Walla Walla Valley. The land purchase encompassed 108 acres of vineyards and apple orchards, of which 51 acres are currently planted.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Malene Wines was created by Crimson in 2016 and owns two Airstream travel trailers, one of which serves as its home and wine experience in the Edna Valley, California. Malene wines has certain estate acres within the Chamisal Vineyards property and its wines are produced at the Chamisal winemaking facility. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Crimson’s revenue model is a combination of direct to consumer and wholesale distributor sales. The Company’s wines are available through many principal retail channels for premium table wines, including fine wine restaurants, hotels, specialty shops, supermarkets and club stores, in all states domestically and in nearly 30 countries throughout the world. References to cases of wine herein refer to nine-liter equivalent cases. In addition, Crimson’s wines are available, where legal, via Ecommerce sites and social media platforms from the wine estates and third party websites and social media platforms.</span></div>
CY2020 cwgl Price Per Bottle Low Range
PricePerBottleLowRange
16 USD
CY2020 cwgl Number Of Wineries Owned
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7 winery
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2 acre
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2 trailer
CY2020 cwgl Numberof Countries Where Wineis Available
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30 country
CY2020 us-gaap Inventory Write Down
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6400000 USD
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2000000.0 USD
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0.50
cwgl Inventory Reserve Estimated Percentage
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0.75
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-1200000 USD
CY2019 cwgl Decreasein Diluted Earningsper Share Dueto Changein Reserve Estimate
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0.05
CY2020 us-gaap Asset Impairment Charges
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1300000 USD
CY2019 us-gaap Asset Impairment Charges
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2200000 USD
CY2020 us-gaap Prior Period Reclassification Adjustment Description
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Certain reclassifications have been made to the prior period consolidated statement of cash flows to conform to the current period presentation. The reclassifications had no impact on previously reported net income, equity or cash flows.
CY2020Q4 us-gaap Short Term Investments
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0 USD
CY2019Q4 us-gaap Short Term Investments
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0 USD
CY2019 us-gaap Impairment Of Investments
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0 USD
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200000 USD
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100000 USD
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100000 USD
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100000 USD
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600000 USD
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700000 USD
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400000 USD
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200000 USD
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405000 USD
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32027000 USD
CY2020 cwgl Contract With Customer Liability Including New Contract Revenue Recognized
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32162000 USD
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270000 USD
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375000 USD
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50642000 USD
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50612000 USD
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405000 USD
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200000 USD
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100000 USD
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100000 USD
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1300000 USD
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1400000 USD
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1400000 USD
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1200000 USD
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1200000 USD
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300000 USD
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300000 USD
CY2019Q4 us-gaap Restructuring Reserve
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308000 USD
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1241000 USD
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309000 USD
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34970000 USD
CY2019Q4 us-gaap Inventory Finished Goods
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38694000 USD
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21498000 USD
CY2019Q4 us-gaap Inventory Work In Process
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30102000 USD
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1086000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
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668000 USD
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300000 USD
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69868000 USD
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CY2020 cwgl Depreciation Capitalized Into Inventory
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CY2019 cwgl Depreciation Capitalized Into Inventory
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1840000 USD
CY2020 us-gaap Depreciation And Amortization
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500000 USD
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1900000 USD
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1100000 USD
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600000 USD
CY2020 cwgl Investment Maturity Period
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P2Y
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100000 USD
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29000000.0 USD
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24700000 USD
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23050000 USD
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14053000 USD
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23050000 USD
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12767000 USD
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241000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
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10950000 USD
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1286000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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1287000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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1286000 USD
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1286000 USD
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1286000 USD
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1286000 USD
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1168000 USD
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2685000 USD
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8997000 USD
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1349000 USD
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2753000 USD
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575000 USD
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302000 USD
CY2020Q4 cwgl Accrued Acquisition Costs Of Property And Equipment
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0 USD
CY2019Q4 cwgl Accrued Acquisition Costs Of Property And Equipment
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34000 USD
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813000 USD
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1188000 USD
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26000 USD
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297000 USD
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75000 USD
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161000 USD
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171000 USD
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542000 USD
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454000 USD
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3401000 USD
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2414000 USD
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1140000 USD
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1140000 USD
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1140000 USD
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15475000 USD
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24710000 USD
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15000000 shares
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0 shares
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0 USD
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1000000 shares
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89000 shares
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P5Y
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P7Y
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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6.87
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141000 USD
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0.22
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P5Y
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0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.016
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89000 shares
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6.87
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0 shares
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0
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0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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0 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
89000 shares
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.87
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
17800 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.87
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
28000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
2000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
28000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
0 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
47000 USD
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y11M1D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y11M4D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y11M1D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y11M1D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y11M1D
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
113000 USD
CY2017 us-gaap Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense Benefit
TaxCutsAndJobsActOf2017ChangeInTaxRateIncomeTaxExpenseBenefit
-2700000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
51000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-27000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-671000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-514000 USD
CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-620000 USD
CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-541000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-525000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-328000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1942000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1204000 USD
CY2020 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-2467000 USD
CY2019 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-1532000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3087000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2073000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
2127000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
1243000 USD
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
-121000 USD
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1727000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
4373000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
1538000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
153000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
167000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Severance Payments
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsSeverancePayments
62000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Severance Payments
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsSeverancePayments
120000 USD
CY2020Q4 cwgl Deferred Tax Assets Tax Credit Carryforwards State Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsStateAlternativeMinimumTax
107000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
38000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7110000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4940000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
6244000 USD
CY2019Q4 cwgl Deferred Tax Assets Tax Credit Carryforwards State Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsStateAlternativeMinimumTax
107000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
409000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
6889000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
1246000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
1032000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
97000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
109000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
7587000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
8030000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
477000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3090000 USD
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000 USD
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1994000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1625000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-631000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-446000 USD
CY2020 cwgl Effective Income Tax Rate Reconciliation Nol Carryback Cares Act Amount
EffectiveIncomeTaxRateReconciliationNOLCarrybackCARESActAmount
-182000 USD
CY2019 cwgl Effective Income Tax Rate Reconciliation Nol Carryback Cares Act Amount
EffectiveIncomeTaxRateReconciliationNOLCarrybackCARESActAmount
0 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
-239000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
0 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-41000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3087000 USD
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.25
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2073000 USD
CY2020 us-gaap Number Of Operating Segments
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2 segment
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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64108000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
67135000 USD
CY2020 us-gaap Cost Of Goods And Services Sold
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44416000 USD
CY2019 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
42026000 USD
CY2020 us-gaap Gross Profit
GrossProfit
19692000 USD
CY2019 us-gaap Gross Profit
GrossProfit
25109000 USD
CY2020 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14250000 USD
CY2019 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
17956000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11369000 USD
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-175000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-203000 USD
CY2020 us-gaap Restructuring Costs
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1424000 USD
CY2019 us-gaap Restructuring Costs
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76000 USD
CY2019 us-gaap General And Administrative Expense
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11792000 USD
CY2020 us-gaap Selling General And Administrative Expense
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25619000 USD
CY2019 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29748000 USD
CY2020 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1347000 USD
CY2019 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2193000 USD
CY2020 us-gaap Operating Income Loss
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-8873000 USD
CY2019 us-gaap Operating Income Loss
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-7111000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
407000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
161000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
171000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
94000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
255000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
255000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
426000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0522
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0546
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
161000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
94000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
255000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
200000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
300000 USD
CY2020 cwgl Rent Expense Relatedto Lease Liability
RentExpenseRelatedtoLeaseLiability
200000 USD
CY2019 cwgl Rent Expense Relatedto Lease Liability
RentExpenseRelatedtoLeaseLiability
200000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
200000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
300000 USD
CY2020 cwgl Long Term Purchase Commitment Expense
LongTermPurchaseCommitmentExpense
4700000 USD
CY2019 cwgl Long Term Purchase Commitment Expense
LongTermPurchaseCommitmentExpense
7600000 USD
CY2017Q4 cwgl Numberof Properies Affectedby Wildfires
NumberofProperiesAffectedbyWildfires
2 winery

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