$MGPI
MGP INGREDIENTS INC

2014 Q1 Form 10-Q Financial Statement

#000144530514002018 Filed on May 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $84.58M $88.72M
YoY Change -4.66% 2.8%
Cost Of Revenue $72.20M $79.18M
YoY Change -8.82% -1.91%
Gross Profit $6.801M $7.229M
YoY Change -5.92% 28.47%
Gross Profit Margin 8.04% 8.15%
Selling, General & Admin $5.072M $5.875M
YoY Change -13.67% -24.17%
% of Gross Profit 74.58% 81.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.042M $2.968M
YoY Change 2.49% 0.95%
% of Gross Profit 44.73% 41.06%
Operating Expenses $5.072M $5.875M
YoY Change -13.67% -24.17%
Operating Profit $1.729M $1.296M
YoY Change 33.41% -157.78%
Interest Expense $198.0K $283.0K
YoY Change -30.04% 10.98%
% of Operating Profit 11.45% 21.84%
Other Income/Expense, Net
YoY Change
Pretax Income $4.866M $71.00K
YoY Change 6753.52% -96.44%
Income Tax $81.00K $0.00
% Of Pretax Income 1.66% 0.0%
Net Earnings $4.785M $1.477M
YoY Change 223.97% -21.27%
Net Earnings / Revenue 5.66% 1.66%
Basic Earnings Per Share $0.26 $0.08
Diluted Earnings Per Share $0.26 $0.08
COMMON SHARES
Basic Shares Outstanding 17.25M shares 17.00M shares
Diluted Shares Outstanding 17.25M shares 17.00M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $6.200M $6.400M
YoY Change -3.13% -55.56%
Inventory $30.90M $39.00M
Prepaid Expenses $2.035M
Receivables $31.90M $34.30M
Other Receivables $200.0K $300.0K
Total Short-Term Assets $69.20M $80.00M
YoY Change -13.5% -5.77%
LONG-TERM ASSETS
Property, Plant & Equipment $68.26M $1.344M
YoY Change 4978.72% -98.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.46M $6.300M
YoY Change 66.0% -21.25%
Other Assets $1.985M $2.300M
YoY Change -13.7% 27.78%
Total Long-Term Assets $80.70M $81.20M
YoY Change -0.61% -4.13%
TOTAL ASSETS
Total Short-Term Assets $69.20M $80.00M
Total Long-Term Assets $80.70M $81.20M
Total Assets $149.9M $161.2M
YoY Change -7.01% -4.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.55M $23.00M
YoY Change -19.34% 9.52%
Accrued Expenses $7.239M $6.700M
YoY Change 8.04% 15.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.600M $1.600M
YoY Change 0.0% -93.19%
Total Short-Term Liabilities $29.93M $32.00M
YoY Change -6.48% -45.02%
LONG-TERM LIABILITIES
Long-Term Debt $21.70M $26.50M
YoY Change -18.11% 314.06%
Other Long-Term Liabilities $662.0K $10.00M
YoY Change -93.38% -18.03%
Total Long-Term Liabilities $662.0K $36.50M
YoY Change -98.19% 96.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.93M $32.00M
Total Long-Term Liabilities $662.0K $36.50M
Total Liabilities $64.55M $73.60M
YoY Change -12.29% -12.07%
SHAREHOLDERS EQUITY
Retained Earnings $70.56M
YoY Change
Common Stock $6.715M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $511.0K
YoY Change
Treasury Stock Shares 398.8K shares
Shareholders Equity $85.35M $87.60M
YoY Change
Total Liabilities & Shareholders Equity $149.9M $161.2M
YoY Change -7.01% -4.95%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $4.785M $1.477M
YoY Change 223.97% -21.27%
Depreciation, Depletion And Amortization $3.042M $2.968M
YoY Change 2.49% 0.95%
Cash From Operating Activities -$642.0K $2.554M
YoY Change -125.14% -123.28%
INVESTING ACTIVITIES
Capital Expenditures $2.182M $798.0K
YoY Change 173.43% -266.25%
Acquisitions
YoY Change
Other Investing Activities $0.00 $2.800M
YoY Change -100.0% -74.17%
Cash From Investing Activities -$2.182M $1.999M
YoY Change -209.15% -80.69%
FINANCING ACTIVITIES
Cash Dividend Paid $907.0K
YoY Change
Common Stock Issuance & Retirement, Net $104.0K $0.00
YoY Change
Debt Paid & Issued, Net $384.0K $426.0K
YoY Change -9.86%
Cash From Financing Activities -$33.00K -$4.553M
YoY Change -99.28% -1997.08%
NET CHANGE
Cash From Operating Activities -$642.0K $2.554M
Cash From Investing Activities -$2.182M $1.999M
Cash From Financing Activities -$33.00K -$4.553M
Net Change In Cash -$2.857M $0.00
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$642.0K $2.554M
Capital Expenditures $2.182M $798.0K
Free Cash Flow -$2.824M $1.756M
YoY Change -260.82% -116.74%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
23107000 USD
CY2014Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
18552000 USD
CY2013Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
1204000 USD
CY2014Q1 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
2564000 USD
CY2014Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7239000 USD
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
8282000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
124443000 USD
CY2014Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
127409000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4000 USD
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-179000 USD
CY2014Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
8758000 USD
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
8728000 USD
CY2014Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
149000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
18000 USD
CY2014Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
18000 USD
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20000 shares
CY2014Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10000 shares
CY2014Q1 us-gaap Assets
Assets
149902000 USD
CY2013Q4 us-gaap Assets
Assets
151329000 USD
CY2014Q1 us-gaap Assets Current
AssetsCurrent
69201000 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
71886000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2857000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 USD
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 USD
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
0 USD
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2857000 USD
CY2014Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2013Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2014Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18115965 shares
CY2014Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18115965 shares
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
6715000 USD
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17750421 shares
CY2014Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17717186 shares
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
6715000 USD
CY2014Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4610000 USD
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1328000 USD
CY2013Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
79175000 USD
CY2014Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
72195000 USD
CY2014Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
23239000 USD
CY2013Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
23168000 USD
CY2014Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
23275000 USD
CY2013Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
23300000 USD
CY2013Q4 us-gaap Deferred Revenue And Credits Noncurrent
DeferredRevenueAndCreditsNoncurrent
3925000 USD
CY2014Q1 us-gaap Deferred Revenue And Credits Noncurrent
DeferredRevenueAndCreditsNoncurrent
3770000 USD
CY2014Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
4162000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
4977000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4977000 USD
CY2014Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4162000 USD
CY2014Q1 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0 USD
CY2014Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3042000 USD
CY2013Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2968000 USD
CY2014Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
CY2013Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
1453000 USD
CY2013Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
47000 USD
CY2014Q1 us-gaap Dividends
Dividends
907000 USD
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2013Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.08
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.26
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2014Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.017
CY2013Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.031
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
7123000 USD
CY2014Q1 us-gaap Equity Method Investments
EquityMethodInvestments
10458000 USD
CY2013Q1 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
63000 USD
CY2014Q1 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
0 USD
CY2013Q1 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
1406000 USD
CY2013Q1 us-gaap Gross Profit
GrossProfit
7229000 USD
CY2014Q1 us-gaap Gross Profit
GrossProfit
6801000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4785000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
71000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
71000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4866000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.26
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.00
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.00
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.26
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.26
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.00
CY2014Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
258000 USD
CY2013Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
466000 USD
CY2014Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3352000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1406000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.08
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.08
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.08
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-942000 USD
CY2014Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3334000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
81000 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3603000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-3287000 USD
CY2014Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
1360000 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
529000 USD
CY2014Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1951000 USD
CY2014Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-155000 USD
CY2013Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-97000 USD
CY2014Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-208000 USD
CY2013Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
38000 USD
CY2013Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2539000 USD
CY2014Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-4042000 USD
CY2014Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
230000 USD
CY2013Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
0 USD
CY2014Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
942000 USD
CY2013Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
654000 USD
CY2014Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
4050000 USD
CY2013Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-980000 USD
CY2014Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2013Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-12000 USD
CY2013Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2014Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2014Q1 us-gaap Interest Expense
InterestExpense
197000 USD
CY2013Q1 us-gaap Interest Expense
InterestExpense
283000 USD
CY2014Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
9203000 USD
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
11355000 USD
CY2013Q4 us-gaap Inventory Gross
InventoryGross
34917000 USD
CY2014Q1 us-gaap Inventory Gross
InventoryGross
30875000 USD
CY2013Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
5183000 USD
CY2014Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
4842000 USD
CY2014Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
2046000 USD
CY2013Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2737000 USD
CY2013Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
7123000 USD
CY2014Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
10458000 USD
CY2014Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2000000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
69726000 USD
CY2014Q1 us-gaap Liabilities
Liabilities
64551000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
151329000 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
149902000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
34150000 USD
CY2014Q1 us-gaap Liabilities Current
LiabilitiesCurrent
29925000 USD
CY2014Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
20936000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3611000 USD
CY2014Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3214000 USD
CY2014Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1570000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1557000 USD
CY2014Q1 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
18455000 USD
CY2013Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
18000000 USD
CY2014Q1 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
40892000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4553000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-33000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2182000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1999000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-642000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2554000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
4785000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
1477000 USD
CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
942000 USD
CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3334000 USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4528000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
66000 USD
CY2013Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1729000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1296000 USD
CY2014Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1985000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2076000 USD
CY2013Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
58000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-175000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-149000 USD
CY2014Q1 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
-5000 USD
CY2013Q1 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
-17000 USD
CY2014Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 USD
CY2014Q1 us-gaap Other Inventory
OtherInventory
714000 USD
CY2013Q4 us-gaap Other Inventory
OtherInventory
566000 USD
CY2014Q1 us-gaap Other Inventory Supplies
OtherInventorySupplies
4894000 USD
CY2013Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
4766000 USD
CY2014Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
662000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
640000 USD
CY2013Q4 us-gaap Other Postretirement Benefits Payable Current And Noncurrent
OtherPostretirementBenefitsPayableCurrentAndNoncurrent
4423000 USD
CY2014Q1 us-gaap Other Postretirement Benefits Payable Current And Noncurrent
OtherPostretirementBenefitsPayableCurrentAndNoncurrent
4363000 USD
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
104000 USD
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2013Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
916000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2182000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
798000 USD
CY2014Q1 us-gaap Pension Contributions
PensionContributions
411000 USD
CY2013 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.05
CY2014Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0500
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
10
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
10
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000 shares
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
437 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
437 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
437 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
437 shares
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
4000 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
4000 USD
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
848000 USD
CY2014Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2035000 USD
CY2014Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2013Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
2797000 USD
CY2014Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
14776000 USD
CY2013Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
28850000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2797000 USD
CY2014Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
195667000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
194687000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
70244000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
68258000 USD
CY2013Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
32977000 USD
CY2014Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
14321000 USD
CY2014Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
31871000 USD
CY2013Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
27821000 USD
CY2014Q1 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
7132000 USD
CY2013Q1 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
3491000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
66686000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
70564000 USD
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
426000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
384000 USD
CY2014Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
84582000 USD
CY2013Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
88718000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5072000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5875000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
353000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
149000 USD
CY2013Q1 us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
2980000 USD
CY2014Q1 us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
3490000 USD
CY2006Q4 us-gaap Special Assessment Bond
SpecialAssessmentBond
7000000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
85351000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
81603000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
365544 shares
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
398779 shares
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
511000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
526000 USD
CY2014Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
104000 USD
CY2014Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period.&#160;&#160;Actual results could differ from those estimates.</font></div></div>
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17246251 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16999146 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17246251 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16999146 shares
CY2014Q1 mgpi Accrued Retirement Health And Life Insurance Benefits And Other Noncurrent Liabilities
AccruedRetirementHealthAndLifeInsuranceBenefitsAndOtherNoncurrentLiabilities
214000 USD
CY2013Q1 mgpi Accrued Retirement Health And Life Insurance Benefits And Other Noncurrent Liabilities
AccruedRetirementHealthAndLifeInsuranceBenefitsAndOtherNoncurrentLiabilities
242000 USD
CY2014Q1 mgpi Barreled Whiskey And Bourbon
BarreledWhiskeyAndBourbon
9176000 USD
CY2013Q4 mgpi Barreled Whiskey And Bourbon
BarreledWhiskeyAndBourbon
10310000 USD
CY2014Q1 mgpi Capital Leases End Of Lease Bargain Purchsae Price
CapitalLeasesEndOfLeaseBargainPurchsaePrice
100000 USD
CY2013Q1 mgpi Excise Taxes
ExciseTaxes
2314000 USD
CY2014Q1 mgpi Excise Taxes
ExciseTaxes
5586000 USD
CY2013Q1 mgpi Income From Discontinued Operations Attributable To Common Shareholders
IncomeFromDiscontinuedOperationsAttributableToCommonShareholders
1303000 USD
CY2014Q1 mgpi Income From Discontinued Operations Attributable To Common Shareholders
IncomeFromDiscontinuedOperationsAttributableToCommonShareholders
0 USD
CY2014Q1 mgpi Industrial Revenue Bonds Balloon Payment
IndustrialRevenueBondsBalloonPayment
7000000 USD
CY2014Q1 mgpi Municipal Administrative Fee
MunicipalAdministrativeFee
50000 USD
CY2013Q1 mgpi Net Income From Continuing Operations Attributable To Shareholders
NetIncomeFromContinuingOperationsAttributableToShareholders
71000 USD
CY2014Q1 mgpi Net Income From Continuing Operations Attributable To Shareholders
NetIncomeFromContinuingOperationsAttributableToShareholders
4785000 USD
CY2014Q1 mgpi Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Adjustment Netof Tax Portion Attributableto Parent Pension Plan
OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansAdjustmentNetofTaxPortionAttributabletoParentPensionPlan
21000 USD
CY2014Q1 mgpi Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Adjustment Netof Tax Portion Attributableto Parent Postemployement Obligations
OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansAdjustmentNetofTaxPortionAttributabletoParentPostemployementObligations
155000 USD
CY2013Q1 mgpi Other Comprehensive Income Loss Reclassification Of Defined Benefit Plan Prior Service Cost And Net Actuarial Loss
OtherComprehensiveIncomeLossReclassificationOfDefinedBenefitPlanPriorServiceCostAndNetActuarialLoss
159000 USD
CY2014Q1 mgpi Other Comprehensive Income Loss Reclassification Of Defined Benefit Plan Prior Service Cost And Net Actuarial Loss
OtherComprehensiveIncomeLossReclassificationOfDefinedBenefitPlanPriorServiceCostAndNetActuarialLoss
-155000 USD
CY2006Q4 mgpi Real Property Tax Abatement Period
RealPropertyTaxAbatementPeriod
P10Y
CY2013Q1 mgpi Sales Revenu Net
SalesRevenuNet
86404000 USD
CY2014Q1 mgpi Sales Revenu Net
SalesRevenuNet
78996000 USD
CY2014Q1 mgpi Sharebased Compensation Arrangementby Sharebased Payment Award Numberof Shares Grantedand Availablefor Grant
SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofSharesGrantedandAvailableforGrant
1193787 shares
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000835011
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
17688434 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
MGP INGREDIENTS INC

Files In Submission

Name View Source Status
0001445305-14-002018-index-headers.html Edgar Link pending
0001445305-14-002018-index.html Edgar Link pending
0001445305-14-002018.txt Edgar Link pending
0001445305-14-002018-xbrl.zip Edgar Link pending
exh101.htm Edgar Link pending
exh311.htm Edgar Link pending
exh312.htm Edgar Link pending
exh313.htm Edgar Link pending
exh321.htm Edgar Link pending
exh322.htm Edgar Link pending
exh323.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mgpi-20140331.xml Edgar Link completed
mgpi-20140331.xsd Edgar Link pending
mgpi-20140331_cal.xml Edgar Link unprocessable
mgpi-20140331_def.xml Edgar Link unprocessable
mgpi-20140331_lab.xml Edgar Link unprocessable
mgpi-20140331_pre.xml Edgar Link unprocessable
mgpi331201410q.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending