$MGPI
MGP INGREDIENTS INC

2020 Q2 Form 10-Q Financial Statement

#000162828020010923 Filed on July 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $92.56M $90.50M
YoY Change 2.28% 2.55%
Cost Of Revenue $71.86M $70.98M
YoY Change 1.24% 3.15%
Gross Profit $20.70M $19.52M
YoY Change 6.04% 0.42%
Gross Profit Margin 22.37% 21.57%
Selling, General & Admin $8.889M $8.648M
YoY Change 2.79% 4.08%
% of Gross Profit 42.94% 44.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.220M $2.792M
YoY Change 15.33% -3.62%
% of Gross Profit 15.55% 14.3%
Operating Expenses $8.889M $8.648M
YoY Change 2.79% 4.08%
Operating Profit $11.34M $10.87M
YoY Change 4.27% -2.32%
Interest Expense $298.0K $321.0K
YoY Change -7.17% 11.07%
% of Operating Profit 2.63% 2.95%
Other Income/Expense, Net $330.0K
YoY Change
Pretax Income $11.04M $10.55M
YoY Change 4.61% -2.67%
Income Tax $2.550M $2.642M
% Of Pretax Income 23.1% 25.04%
Net Earnings $8.490M $7.911M
YoY Change 7.32% 5.1%
Net Earnings / Revenue 9.17% 8.74%
Basic Earnings Per Share $0.50
Diluted Earnings Per Share $0.50 $464.7K
COMMON SHARES
Basic Shares Outstanding 16.90M shares 17.01M shares
Diluted Shares Outstanding 16.90M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.70M $2.200M
YoY Change 431.82% -4.35%
Cash & Equivalents $11.75M $2.162M
Short-Term Investments
Other Short-Term Assets $4.000M $1.800M
YoY Change 122.22% -35.71%
Inventory $147.1M $118.0M
Prepaid Expenses $4.021M $1.834M
Receivables $54.16M $41.60M
Other Receivables $0.00 $5.400M
Total Short-Term Assets $217.0M $169.0M
YoY Change 28.42% 13.54%
LONG-TERM ASSETS
Property, Plant & Equipment $128.6M $119.9M
YoY Change 7.26% 10.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.469M $3.656M
YoY Change 49.59% 48.74%
Total Long-Term Assets $140.0M $129.7M
YoY Change 7.91% 16.55%
TOTAL ASSETS
Total Short-Term Assets $217.0M $169.0M
Total Long-Term Assets $140.0M $129.7M
Total Assets $357.0M $298.7M
YoY Change 19.51% 14.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.43M $20.71M
YoY Change 3.47% -11.24%
Accrued Expenses $12.63M $11.01M
YoY Change 14.64% 38.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $393.0K
YoY Change 1.78% 3.69%
Total Short-Term Liabilities $39.20M $32.12M
YoY Change 22.03% 1.48%
LONG-TERM LIABILITIES
Long-Term Debt $40.46M $42.10M
YoY Change -3.88% 5.02%
Other Long-Term Liabilities $4.605M $1.851M
YoY Change 148.78% 239.63%
Total Long-Term Liabilities $45.07M $43.95M
YoY Change 2.55% 8.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.20M $32.12M
Total Long-Term Liabilities $45.07M $43.95M
Total Liabilities $114.3M $86.28M
YoY Change 32.49% 10.91%
SHAREHOLDERS EQUITY
Retained Earnings $245.0M $213.0M
YoY Change 15.0% 17.81%
Common Stock $6.715M $6.715M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $23.83M $20.35M
YoY Change 17.14% 4.9%
Treasury Stock Shares 1.220M shares 1.091M shares
Shareholders Equity $242.7M $212.4M
YoY Change
Total Liabilities & Shareholders Equity $357.0M $298.7M
YoY Change 19.51% 14.83%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $8.490M $7.911M
YoY Change 7.32% 5.1%
Depreciation, Depletion And Amortization $3.220M $2.792M
YoY Change 15.33% -3.62%
Cash From Operating Activities $5.450M $6.860M
YoY Change -20.55% 1805.56%
INVESTING ACTIVITIES
Capital Expenditures -$4.530M -$2.450M
YoY Change 84.9% -59.77%
Acquisitions
YoY Change
Other Investing Activities $310.0K -$10.00K
YoY Change -3200.0% -116.67%
Cash From Investing Activities -$4.220M -$2.460M
YoY Change 71.54% -59.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.14M -2.230M
YoY Change 1341.26% -132.7%
NET CHANGE
Cash From Operating Activities 5.450M 6.860M
Cash From Investing Activities -4.220M -2.460M
Cash From Financing Activities -32.14M -2.230M
Net Change In Cash -30.91M 2.170M
YoY Change -1524.42% 88.7%
FREE CASH FLOW
Cash From Operating Activities $5.450M $6.860M
Capital Expenditures -$4.530M -$2.450M
Free Cash Flow $9.980M $9.310M
YoY Change 7.2% 44.34%

Facts In Submission

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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3070000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10177000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
0 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-1177000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2750000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
688000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
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PaymentsForProceedsFromOtherInvestingActivities
168000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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PaymentsOfDividends
4101000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
3427000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4395000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5467000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
1148000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
20000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
199000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
192000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
54700000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
12625000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
30000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
22025000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-78000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14857000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1436000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8436000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2863000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3309000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5025000 USD
CY2019Q2 us-gaap Dividends
Dividends
1713000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
242697000 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 Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
94000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5467000 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
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11745000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2162000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
231044000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
9842000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2020Q1 us-gaap Dividends
Dividends
2059000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
902000 USD
CY2020Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
237000 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4395000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
235565000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
8490000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
21000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2020Q2 us-gaap Dividends
Dividends
2041000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
662000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
481000 USD
CY2019Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
660000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
212442000 USD
us-gaap Use Of Estimates
UseOfEstimates
<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;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',sans-serif;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, inclusive of the effects related to COVID-19.  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>
CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
16557000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
16654000 USD
CY2020Q2 mgpi Barreled Whiskey And Bourbon
BarreledWhiskeyAndBourbon
113139000 USD
CY2019Q4 mgpi Barreled Whiskey And Bourbon
BarreledWhiskeyAndBourbon
104249000 USD
CY2020Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
4566000 USD
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4920000 USD
CY2020Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2871000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1766000 USD
CY2020Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
8615000 USD
CY2019Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
8200000 USD
CY2020Q2 us-gaap Other Inventory
OtherInventory
1360000 USD
CY2019Q4 us-gaap Other Inventory
OtherInventory
1142000 USD
CY2020Q2 us-gaap Inventory Gross
InventoryGross
147108000 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
136931000 USD
CY2020Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
72676000 USD
CY2019Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
42534000 USD
CY2020Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
64533000 USD
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
41060000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92560000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
90501000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
191642000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
179597000 USD
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1850000 USD
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
1739000 USD
CY2020Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3589000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
66010000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
41508000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1477000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
448000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
64533000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
41060000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
408000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
401000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
64125000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
40659000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2550000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
117000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5774000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.231
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.240
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
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
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
8490000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
7911000 USD
us-gaap Net Income Loss
NetIncomeLoss
18332000 USD
us-gaap Net Income Loss
NetIncomeLoss
17631000 USD
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
57000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
51000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
123000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8433000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7860000 USD
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16899079 shares
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17021599 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18209000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17514000 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16956502 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16994864 shares
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.50
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.46
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.07
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.03
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
25000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
159104 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4053000 USD
CY2020Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
20947000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
19522000 USD
us-gaap Gross Profit
GrossProfit
43913000 USD
us-gaap Gross Profit
GrossProfit
36182000 USD
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3220000 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2792000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6344000 USD
us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2 numberOfLawsuits
mgpi Share Based Compensation Arrangement By Share Based Payment Award Number Of Awards
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAwards
2 plan
CY2020Q2 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
331000 USD
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
167000 USD
CY2019Q2 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
53000 USD
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
80000 USD
CY2020Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1938000 USD
CY2019Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1337000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q2 mgpi Net Sales To Customers1
NetSalesToCustomers1
92560000 USD
CY2019Q2 mgpi Net Sales To Customers1
NetSalesToCustomers1
90501000 USD
mgpi Net Sales To Customers1
NetSalesToCustomers1
191642000 USD
mgpi Net Sales To Customers1
NetSalesToCustomers1
179597000 USD
CY2020Q2 us-gaap Gross Profit
GrossProfit
20702000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5602000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11040000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10553000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24106000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18814000 USD
CY2020Q2 us-gaap Assets
Assets
357013000 USD
CY2019Q4 us-gaap Assets
Assets
322597000 USD

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