2019 Q4 Form 10-Q Financial Statement

#000162828019012903 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $92.46M $90.69M $104.9M
YoY Change -11.81% -4.57% 18.89%
Cost Of Revenue $70.90M $71.90M $79.24M
YoY Change -10.52% -4.69% 15.4%
Gross Profit $21.56M $18.79M $25.61M
YoY Change -15.81% -4.13% 31.15%
Gross Profit Margin 23.32% 20.72% 24.42%
Selling, General & Admin $5.309M $7.186M $8.996M
YoY Change -40.98% -5.25% 0.03%
% of Gross Profit 24.62% 38.24% 35.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.030M $2.935M $2.830M
YoY Change 7.07% 8.58% -1.39%
% of Gross Profit 14.05% 15.62% 11.05%
Operating Expenses $5.309M $7.186M $8.996M
YoY Change -40.98% -5.25% 0.03%
Operating Profit $16.25M $11.60M $16.61M
YoY Change -2.17% -3.42% 57.73%
Interest Expense $368.0K $364.0K $338.0K
YoY Change 8.88% 8.98% 35.2%
% of Operating Profit 2.26% 3.14% 2.03%
Other Income/Expense, Net
YoY Change
Pretax Income $15.88M $11.24M $16.27M
YoY Change -2.4% -3.78% 58.28%
Income Tax $2.936M $3.025M $4.452M
% Of Pretax Income 18.49% 26.91% 27.36%
Net Earnings $12.95M $8.215M $11.82M
YoY Change 9.52% -8.8% -6.46%
Net Earnings / Revenue 14.0% 9.06% 11.28%
Basic Earnings Per Share
Diluted Earnings Per Share $758.8K $482.4K $698.2K
COMMON SHARES
Basic Shares Outstanding 17.03M shares 17.02M shares 16.86M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.300M $4.400M $5.000M
YoY Change -34.0% 61.29%
Cash & Equivalents $3.309M $4.397M $5.025M
Short-Term Investments
Other Short-Term Assets $2.000M $1.600M $1.300M
YoY Change 53.85% -15.79% -40.91%
Inventory $136.9M $126.2M $108.8M
Prepaid Expenses $2.048M $1.646M $1.320M
Receivables $40.93M $40.60M $38.80M
Other Receivables $1.000M $2.800M $700.0K
Total Short-Term Assets $184.2M $175.6M $154.6M
YoY Change 19.13% 8.94% 14.75%
LONG-TERM ASSETS
Property, Plant & Equipment $128.4M $122.2M $120.8M
YoY Change 6.32% 11.12% 17.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $3.482M $3.598M $2.481M
YoY Change 40.35% 48.68% -2.13%
Total Long-Term Assets $138.4M $131.4M $123.3M
YoY Change 12.27% 16.94% 16.75%
TOTAL ASSETS
Total Short-Term Assets $184.2M $175.6M $154.6M
Total Long-Term Assets $138.4M $131.4M $123.3M
Total Assets $322.6M $307.0M $277.9M
YoY Change 16.09% 12.22% 15.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.51M $24.20M $25.36M
YoY Change 16.35% 5.65% -15.56%
Accrued Expenses $9.383M $10.53M $11.71M
YoY Change -19.9% 23.21% 4.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $397.0K $386.0K
YoY Change 3.63% 3.93% 3.76%
Total Short-Term Liabilities $39.30M $35.13M $37.46M
YoY Change 4.89% 10.34% -9.9%
LONG-TERM LIABILITIES
Long-Term Debt $40.66M $40.93M $21.04M
YoY Change 93.24% -8.51% -1.71%
Other Long-Term Liabilities $4.170M $1.576M $4.118M
YoY Change 1.26% 41.73% 662.59%
Total Long-Term Liabilities $44.83M $42.51M $25.16M
YoY Change 78.19% -7.3% 14.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.30M $35.13M $37.46M
Total Long-Term Liabilities $44.83M $42.51M $25.16M
Total Liabilities $91.55M $87.60M $76.45M
YoY Change 19.75% 5.27% 6.78%
SHAREHOLDERS EQUITY
Retained Earnings $230.8M $219.6M $198.9M
YoY Change 16.02% 16.49% 19.02%
Common Stock $6.715M $6.715M $6.715M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.24M $20.35M $19.40M
YoY Change 4.32% 4.64% 3.65%
Treasury Stock Shares 1.088M shares 1.091M shares 1.260M shares
Shareholders Equity $231.0M $219.4M $201.4M
YoY Change
Total Liabilities & Shareholders Equity $322.6M $307.0M $277.9M
YoY Change 16.09% 12.22% 15.63%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income $12.95M $8.215M $11.82M
YoY Change 9.52% -8.8% -6.46%
Depreciation, Depletion And Amortization $3.030M $2.935M $2.830M
YoY Change 7.07% 8.58% -1.39%
Cash From Operating Activities $7.310M $9.340M $31.82M
YoY Change -77.03% 2123.81% 86.96%
INVESTING ACTIVITIES
Capital Expenditures -$6.350M -$4.190M -$12.18M
YoY Change -47.87% -27.76% 63.93%
Acquisitions
YoY Change
Other Investing Activities -$10.00K -$10.00K $0.00
YoY Change -100.0%
Cash From Investing Activities -$6.370M -$4.190M -$12.18M
YoY Change -47.7% -27.76% 63.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.030M -2.920M -14.62M
YoY Change -86.11% -193.89% 7.42%
NET CHANGE
Cash From Operating Activities 7.310M 9.340M 31.82M
Cash From Investing Activities -6.370M -4.190M -12.18M
Cash From Financing Activities -2.030M -2.920M -14.62M
Net Change In Cash -1.090M 2.230M 5.020M
YoY Change -121.71% -198.24% -224.57%
FREE CASH FLOW
Cash From Operating Activities $7.310M $9.340M $31.82M
Capital Expenditures -$6.350M -$4.190M -$12.18M
Free Cash Flow $13.66M $13.53M $44.00M
YoY Change -68.95% 117.52% 79.96%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Registrant Name
EntityRegistrantName
MGP INGREDIENTS INC
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Amendment Flag
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dei Entity Central Index Key
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dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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dei Document Quarterly Report
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dei Document Period End Date
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2019-09-30
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dei Entity Incorporation State Country Code
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KS
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100 Commercial Street
dei Entity Address City Or Town
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Atchison
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dei City Area Code
CityAreaCode
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dei Local Phone Number
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367-1480
dei Security12b Title
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Common Stock, no par value
dei Trading Symbol
TradingSymbol
MGPI
dei Security Exchange Name
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NASDAQ
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us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1757000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
15644000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
17424000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14197000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
326000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-297000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
2138000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
31000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-331000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3453000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3236000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2623000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-249000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-464000 USD
mgpi Accrued Retirement Health And Life Insurance Benefits And Other Noncurrent Liabilities
AccruedRetirementHealthAndLifeInsuranceBenefitsAndOtherNoncurrentLiabilities
96000 USD
mgpi Accrued Retirement Health And Life Insurance Benefits And Other Noncurrent Liabilities
AccruedRetirementHealthAndLifeInsuranceBenefitsAndOtherNoncurrentLiabilities
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us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-21000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12413000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1659000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10375000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18870000 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-1189000 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11564000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Dividends
PaymentsOfDividends
5141000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
4125000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5470000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2215000 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
288000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
279000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
14140000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
22766000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
24640000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2020000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-78000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3084000 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
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4397000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 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 Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
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
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
219420000 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 Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
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
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 Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2018Q2 us-gaap Dividends
Dividends
1374000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
496000 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
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
182360000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
9008000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14000 USD
CY2018Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2018Q3 us-gaap Dividends
Dividends
1374000 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 Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
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
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
8215000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
8215000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2019Q3 us-gaap Dividends
Dividends
1713000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
484000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
142000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
190362000 USD
us-gaap Use Of Estimates
UseOfEstimates
<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:700;line-height:120%;">Use of Estimates.</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">  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>
CY2019Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
42350000 USD
CY2018Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
32018000 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
41326000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
32014000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
90685000 USD
CY2019Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
16200000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
17296000 USD
CY2019Q3 mgpi Barreled Whiskey And Bourbon
BarreledWhiskeyAndBourbon
95164000 USD
CY2018Q4 mgpi Barreled Whiskey And Bourbon
BarreledWhiskeyAndBourbon
76374000 USD
CY2019Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
3720000 USD
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4906000 USD
CY2019Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1697000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1550000 USD
CY2019Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
8007000 USD
CY2018Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
7541000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
95031000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
270282000 USD
CY2019Q3 us-gaap Other Inventory
OtherInventory
1405000 USD
CY2018Q4 us-gaap Other Inventory
OtherInventory
1102000 USD
CY2019Q3 us-gaap Inventory Gross
InventoryGross
126193000 USD
CY2018Q4 us-gaap Inventory Gross
InventoryGross
108769000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
271239000 USD
CY2019Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
41806000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
32594000 USD
CY2019Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
480000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
580000 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
41326000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
32014000 USD
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
397000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
386000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
40929000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
31628000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3025000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4208000 USD
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.269
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.140
CY2019Q3 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
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2673000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7244000 USD
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.229
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.221
CY2018Q3 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
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
8215000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
9008000 USD
us-gaap Net Income Loss
NetIncomeLoss
25846000 USD
us-gaap Net Income Loss
NetIncomeLoss
25462000 USD
us-gaap Net Income Loss
NetIncomeLoss
25462000 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
54000 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
174000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
171000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
491000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8161000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8834000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25675000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24971000 USD
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17027068 shares
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16872091 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17006226 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16861700 shares
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.48
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.52
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.52
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.51
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.48
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2224000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5628000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5628000 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2077000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3598000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5675000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
620000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1778000 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
169000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
722000 USD
CY2019Q3 us-gaap Sublease Income
SubleaseIncome
99000 USD
us-gaap Sublease Income
SubleaseIncome
147000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
690000 USD
us-gaap Lease Cost
LeaseCost
2353000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1757000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
576000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0588
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
596000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2278000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1684000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1079000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
496000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
57000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6190000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
515000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5675000 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
CY2019Q3 mgpi Operating Leases Non Cancellable Annual Commitments For Next Five Years
OperatingLeasesNonCancellableAnnualCommitmentsForNextFiveYears
6897000 USD
CY2019Q3 mgpi Operating Lease Non Cancellable Annual Commitments Due Thereafter
OperatingLeaseNonCancellableAnnualCommitmentsDueThereafter
55000 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
mgpi Share Based Compensation Arrangement By Share Based Payment Award Number Of Awards
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAwards
2 plan
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2018Q3 mgpi Net Sales To Customers1
NetSalesToCustomers1
95031000 USD
mgpi Net Sales To Customers1
NetSalesToCustomers1
270282000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2019Q3 mgpi Net Sales To Customers1
NetSalesToCustomers1
90685000 USD
mgpi Net Sales To Customers1
NetSalesToCustomers1
271239000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
18790000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
19599000 USD
us-gaap Gross Profit
GrossProfit
54972000 USD
us-gaap Gross Profit
GrossProfit
57991000 USD
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2935000 USD
CY2018Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2703000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8537000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8529000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11240000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11681000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
30054000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
32706000 USD
CY2019Q3 us-gaap Assets
Assets
307020000 USD
CY2018Q4 us-gaap Assets
Assets
277892000 USD

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