$MGPI
MGP INGREDIENTS INC

2019 Q3 Form 10-Q Financial Statement

#000162828019009332 Filed on July 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q2
Revenue $90.69M $90.50M $88.25M
YoY Change -4.57% 2.55% 2.91%
Cost Of Revenue $71.90M $70.98M $68.81M
YoY Change -4.69% 3.15% 2.81%
Gross Profit $18.79M $19.52M $19.44M
YoY Change -4.13% 0.42% 3.27%
Gross Profit Margin 20.72% 21.57% 22.03%
Selling, General & Admin $7.186M $8.648M $8.309M
YoY Change -5.25% 4.08% -0.02%
% of Gross Profit 38.24% 44.3% 42.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.935M $2.792M $2.897M
YoY Change 8.58% -3.62% 2.88%
% of Gross Profit 15.62% 14.3% 14.9%
Operating Expenses $7.186M $8.648M $8.309M
YoY Change -5.25% 4.08% -0.02%
Operating Profit $11.60M $10.87M $11.13M
YoY Change -3.42% -2.32% 5.88%
Interest Expense $364.0K $321.0K $289.0K
YoY Change 8.98% 11.07% -23.75%
% of Operating Profit 3.14% 2.95% 2.6%
Other Income/Expense, Net
YoY Change
Pretax Income $11.24M $10.55M $10.84M
YoY Change -3.78% -2.67% 16.39%
Income Tax $3.025M $2.642M $3.316M
% Of Pretax Income 26.91% 25.04% 30.58%
Net Earnings $8.215M $7.911M $7.527M
YoY Change -8.8% 5.1% 18.18%
Net Earnings / Revenue 9.06% 8.74% 8.53%
Basic Earnings Per Share
Diluted Earnings Per Share $482.4K $464.7K $438.6K
COMMON SHARES
Basic Shares Outstanding 17.02M shares 17.01M shares 16.84M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.400M $2.200M $2.300M
YoY Change -4.35% -70.89%
Cash & Equivalents $4.397M $2.162M $2.280M
Short-Term Investments
Other Short-Term Assets $1.600M $1.800M $2.800M
YoY Change -15.79% -35.71% 0.0%
Inventory $126.2M $118.0M $106.5M
Prepaid Expenses $1.646M $1.834M $2.802M
Receivables $40.60M $41.60M $35.80M
Other Receivables $2.800M $5.400M $1.500M
Total Short-Term Assets $175.6M $169.0M $148.9M
YoY Change 8.94% 13.54% 10.8%
LONG-TERM ASSETS
Property, Plant & Equipment $122.2M $119.9M $108.8M
YoY Change 11.12% 10.16% 16.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.598M $3.656M $2.458M
YoY Change 48.68% 48.74% -7.77%
Total Long-Term Assets $131.4M $129.7M $111.3M
YoY Change 16.94% 16.55% 3.44%
TOTAL ASSETS
Total Short-Term Assets $175.6M $169.0M $148.9M
Total Long-Term Assets $131.4M $129.7M $111.3M
Total Assets $307.0M $298.7M $260.2M
YoY Change 12.22% 14.83% 7.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.20M $20.71M $23.33M
YoY Change 5.65% -11.24% 44.57%
Accrued Expenses $10.53M $11.01M $7.937M
YoY Change 23.21% 38.77% -0.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $397.0K $393.0K $379.0K
YoY Change 3.93% 3.69% -91.32%
Total Short-Term Liabilities $35.13M $32.12M $31.65M
YoY Change 10.34% 1.48% -0.15%
LONG-TERM LIABILITIES
Long-Term Debt $40.93M $42.10M $40.08M
YoY Change -8.51% 5.02% 1.82%
Other Long-Term Liabilities $1.576M $1.851M $545.0K
YoY Change 41.73% 239.63% 35.57%
Total Long-Term Liabilities $42.51M $43.95M $40.63M
YoY Change -7.3% 8.17% 2.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.13M $32.12M $31.65M
Total Long-Term Liabilities $42.51M $43.95M $40.63M
Total Liabilities $87.60M $86.28M $77.80M
YoY Change 5.27% 10.91% -4.49%
SHAREHOLDERS EQUITY
Retained Earnings $219.6M $213.0M $180.8M
YoY Change 16.49% 17.81% 15.68%
Common Stock $6.715M $6.715M $6.715M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.35M $20.35M $19.40M
YoY Change 4.64% 4.9% 15.29%
Treasury Stock Shares 1.091M shares 1.091M shares 1.268M shares
Shareholders Equity $219.4M $212.4M $182.4M
YoY Change
Total Liabilities & Shareholders Equity $307.0M $298.7M $260.2M
YoY Change 12.22% 14.83% 7.53%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $8.215M $7.911M $7.527M
YoY Change -8.8% 5.1% 18.18%
Depreciation, Depletion And Amortization $2.935M $2.792M $2.897M
YoY Change 8.58% -3.62% 2.88%
Cash From Operating Activities $9.340M $6.860M $360.0K
YoY Change 2123.81% 1805.56% -96.94%
INVESTING ACTIVITIES
Capital Expenditures -$4.190M -$2.450M -$6.090M
YoY Change -27.76% -59.77% 75.0%
Acquisitions
YoY Change
Other Investing Activities -$10.00K -$10.00K $60.00K
YoY Change -116.67% -80.0%
Cash From Investing Activities -$4.190M -$2.460M -$6.030M
YoY Change -27.76% -59.2% 89.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.920M -2.230M 6.820M
YoY Change -193.89% -132.7% -1074.29%
NET CHANGE
Cash From Operating Activities 9.340M 6.860M 360.0K
Cash From Investing Activities -4.190M -2.460M -6.030M
Cash From Financing Activities -2.920M -2.230M 6.820M
Net Change In Cash 2.230M 2.170M 1.150M
YoY Change -198.24% 88.7% -85.44%
FREE CASH FLOW
Cash From Operating Activities $9.340M $6.860M $360.0K
Capital Expenditures -$4.190M -$2.450M -$6.090M
Free Cash Flow $13.53M $9.310M $6.450M
YoY Change 117.52% 44.34% -57.73%

Facts In Submission

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us-gaap Share Based Compensation
ShareBasedCompensation
2267000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1968000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
547000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
729000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2807000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1411000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9238000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13338000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
514000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
620000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
4692000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-446000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2883000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5106000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2750000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3232000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-166000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-362000 USD
mgpi Accrued Retirement Health And Life Insurance Benefits And Other Noncurrent Liabilities
AccruedRetirementHealthAndLifeInsuranceBenefitsAndOtherNoncurrentLiabilities
-211000 USD
mgpi Accrued Retirement Health And Life Insurance Benefits And Other Noncurrent Liabilities
AccruedRetirementHealthAndLifeInsuranceBenefitsAndOtherNoncurrentLiabilities
111000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3070000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1243000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6192000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13065000 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-1177000 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7369000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13065000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
3427000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
2750000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5467000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2073000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
20000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
192000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
185000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
12625000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
16946000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
22025000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
920000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-78000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1436000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11018000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2863000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-804000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5025000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3084000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2162000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2280000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
201441000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
9720000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14000 USD
CY2019Q1 us-gaap Dividends
Dividends
1714000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1031000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
94000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5467000 USD
CY2018Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
0 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
205119000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
7911000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-16000 USD
CY2019Q2 us-gaap Dividends
Dividends
1713000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
481000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
660000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
212442000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
168730000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
8927000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-13000 USD
CY2018Q1 us-gaap Dividends
Dividends
1374000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1052000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
139000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2073000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
501000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
277000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
175388000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
7527000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
41000 USD
CY2018Q2 us-gaap Dividends
Dividends
1374000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
182360000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates.</span><span style="font-family:inherit;font-size:10pt;">  The financial reporting policies of the Company conform to GAAP.  The preparation of unaudited condensed consolidated financial statements in conformity with GAAP 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 financial statements, and the reported amounts of revenues and expenses during the reporting period.  The application of certain of these policies places demands on management’s judgment, with financial reporting results relying on estimation about the effects of matters that are inherently uncertain.  For all of these policies, management cautions that future events rarely develop as forecast, and estimates routinely require adjustment and may require material adjustment.</span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2019Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
16972000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
17296000 USD
CY2019Q2 mgpi Barreled Whiskey And Bourbon
BarreledWhiskeyAndBourbon
85462000 USD
CY2018Q4 mgpi Barreled Whiskey And Bourbon
BarreledWhiskeyAndBourbon
76374000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
90501000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
88252000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
179597000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
176208000 USD
CY2019Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
4954000 USD
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4906000 USD
CY2019Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
1567000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1550000 USD
CY2019Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
7871000 USD
CY2018Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
7541000 USD
CY2019Q2 us-gaap Other Inventory
OtherInventory
1181000 USD
CY2018Q4 us-gaap Other Inventory
OtherInventory
1102000 USD
CY2019Q2 us-gaap Inventory Gross
InventoryGross
118007000 USD
CY2018Q4 us-gaap Inventory Gross
InventoryGross
108769000 USD
CY2019Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
42374000 USD
CY2018Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
32018000 USD
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
42489000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
32014000 USD
CY2019Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
43003000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
32594000 USD
CY2019Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
514000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
580000 USD
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
42489000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
32014000 USD
CY2019Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
393000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
386000 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
42096000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
31628000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2642000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1183000 USD
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.250
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.063
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3316000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4571000 USD
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.306
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.217
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
7911000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
7527000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
496000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
51000 USD
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
148000 USD
us-gaap Net Income Loss
NetIncomeLoss
17631000 USD
us-gaap Net Income Loss
NetIncomeLoss
16454000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
117000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
323000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7860000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7379000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17514000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16131000 USD
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17021599 shares
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16869481 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16994864 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16856423 shares
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.46
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.44
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.03
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.96
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6163000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6163000 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2073000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4112000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6185000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
569000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1158000 USD
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
250000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
553000 USD
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
24000 USD
us-gaap Sublease Income
SubleaseIncome
48000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
795000 USD
us-gaap Lease Cost
LeaseCost
1663000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1161000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
576000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0588
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1192000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2278000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1684000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1079000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
57000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6786000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
601000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6185000 USD
CY2018 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2081000 USD
CY2017 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2372000 USD
CY2016 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2561000 USD
CY2018Q4 mgpi Operating Leases Non Cancellable Annual Commitments For Next Five Years
OperatingLeasesNonCancellableAnnualCommitmentsForNextFiveYears
6897000 USD
CY2018Q4 mgpi Operating Lease Non Cancellable Annual Commitments Due Thereafter
OperatingLeaseNonCancellableAnnualCommitmentsDueThereafter
55000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2224000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1858000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1357000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
977000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
481000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2224000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1858000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1357000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
977000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
481000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
55000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
6952000 USD
CY2017Q2 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
138000 USD
CY2017Q2 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
75000 USD
CY2017Q3 mgpi Loss Contingency Insurance Deductible
LossContingencyInsuranceDeductible
250000 USD
CY2019Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
1500000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2017Q3 mgpi Loss Contingency Insurance Deductible
LossContingencyInsuranceDeductible
250000 USD
mgpi Sharebased Compensation Arrangementby Sharebased Payment Award Numberof Awards
SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofAwards
2 plan
CY2019Q2 mgpi Net Salesto Customers
NetSalestoCustomers
90501000 USD
CY2018Q2 mgpi Net Salesto Customers
NetSalestoCustomers
88252000 USD
mgpi Net Salesto Customers
NetSalestoCustomers
179597000 USD
mgpi Net Salesto Customers
NetSalestoCustomers
176208000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
19522000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
19441000 USD
us-gaap Gross Profit
GrossProfit
36182000 USD
us-gaap Gross Profit
GrossProfit
38392000 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2792000 USD
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2897000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5602000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5826000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10553000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10843000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18814000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21025000 USD
CY2019Q2 us-gaap Assets
Assets
298724000 USD
CY2018Q4 us-gaap Assets
Assets
277892000 USD

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