$MGPI
MGP INGREDIENTS INC

2020 Q4 Form 10-Q Financial Statement

#000162828020015047 Filed on October 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $100.9M $103.0M $92.56M
YoY Change 9.14% 13.54% 2.28%
Cost Of Revenue $69.18M $79.80M $71.86M
YoY Change -2.42% 11.0% 1.24%
Gross Profit $31.73M $23.16M $20.70M
YoY Change 47.18% 23.27% 6.04%
Gross Profit Margin 31.44% 22.5% 22.37%
Selling, General & Admin $15.31M $8.958M $8.889M
YoY Change 188.38% 24.66% 2.79%
% of Gross Profit 48.25% 38.68% 42.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.340M $3.274M $3.220M
YoY Change 10.23% 11.55% 15.33%
% of Gross Profit 10.53% 14.14% 15.55%
Operating Expenses $15.31M $8.958M $8.889M
YoY Change 188.38% 24.66% 2.79%
Operating Profit $15.54M $13.65M $11.34M
YoY Change -4.36% 17.65% 4.27%
Interest Expense $566.0K $409.0K $298.0K
YoY Change 53.8% 12.36% -7.17%
% of Operating Profit 3.64% 3.0% 2.63%
Other Income/Expense, Net $275.0K $185.0K $330.0K
YoY Change
Pretax Income $15.25M $13.24M $11.04M
YoY Change -3.97% 17.82% 4.61%
Income Tax $3.620M $2.862M $2.550M
% Of Pretax Income 23.73% 21.61% 23.1%
Net Earnings $11.63M $10.38M $8.490M
YoY Change -10.16% 26.37% 7.32%
Net Earnings / Revenue 11.53% 10.08% 9.17%
Basic Earnings Per Share $0.69 $0.61 $0.50
Diluted Earnings Per Share $0.69 $0.61 $0.50
COMMON SHARES
Basic Shares Outstanding 16.92M shares 16.92M shares 16.90M shares
Diluted Shares Outstanding 16.92M shares 16.90M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.70M $20.00M $11.70M
YoY Change 557.58% 354.55% 431.82%
Cash & Equivalents $21.66M $19.97M $11.75M
Short-Term Investments
Other Short-Term Assets $2.600M $3.900M $4.000M
YoY Change 30.0% 143.75% 122.22%
Inventory $141.0M $142.8M $147.1M
Prepaid Expenses $2.644M $3.928M $4.021M
Receivables $56.97M $52.67M $54.16M
Other Receivables $0.00 $1.700M $0.00
Total Short-Term Assets $222.3M $221.1M $217.0M
YoY Change 20.67% 25.87% 28.42%
LONG-TERM ASSETS
Property, Plant & Equipment $132.0M $129.6M $128.6M
YoY Change 2.78% 6.13% 7.26%
Goodwill $2.738M
YoY Change
Intangibles $890.0K
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $3.521M $5.657M $5.469M
YoY Change 1.12% 57.23% 49.59%
Total Long-Term Assets $144.3M $140.7M $140.0M
YoY Change 4.26% 7.07% 7.91%
TOTAL ASSETS
Total Short-Term Assets $222.3M $221.1M $217.0M
Total Long-Term Assets $144.3M $140.7M $140.0M
Total Assets $366.6M $361.7M $357.0M
YoY Change 13.63% 17.82% 19.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.27M $29.06M $21.43M
YoY Change 2.58% 20.06% 3.47%
Accrued Expenses $20.65M $14.94M $12.63M
YoY Change 120.03% 41.89% 14.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.600M $400.0K $400.0K
YoY Change 300.0% 0.76% 1.78%
Total Short-Term Liabilities $53.33M $44.41M $39.20M
YoY Change 35.71% 26.42% 22.03%
LONG-TERM LIABILITIES
Long-Term Debt $38.27M $40.36M $40.46M
YoY Change -5.87% -1.38% -3.88%
Other Long-Term Liabilities $7.094M $4.818M $4.605M
YoY Change 70.12% 205.71% 148.78%
Total Long-Term Liabilities $45.37M $45.18M $45.07M
YoY Change 1.2% 6.3% 2.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.33M $44.41M $39.20M
Total Long-Term Liabilities $45.37M $45.18M $45.07M
Total Liabilities $104.0M $109.7M $114.3M
YoY Change 13.65% 25.28% 32.49%
SHAREHOLDERS EQUITY
Retained Earnings $262.9M $253.4M $245.0M
YoY Change 13.93% 15.4% 15.0%
Common Stock $6.715M $6.715M $6.715M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $23.13M $23.20M $23.83M
YoY Change 14.24% 14.02% 17.14%
Treasury Stock Shares 1.200M shares 1.203M shares 1.220M shares
Shareholders Equity $262.5M $252.0M $242.7M
YoY Change
Total Liabilities & Shareholders Equity $366.6M $361.7M $357.0M
YoY Change 13.63% 17.82% 19.51%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $11.63M $10.38M $8.490M
YoY Change -10.16% 26.37% 7.32%
Depreciation, Depletion And Amortization $3.340M $3.274M $3.220M
YoY Change 10.23% 11.55% 15.33%
Cash From Operating Activities $23.80M $23.47M $5.450M
YoY Change 225.58% 151.28% -20.55%
INVESTING ACTIVITIES
Capital Expenditures -$6.190M -$3.330M -$4.530M
YoY Change -2.52% -20.53% 84.9%
Acquisitions
YoY Change
Other Investing Activities $2.060M $220.0K $310.0K
YoY Change -20700.0% -2300.0% -3200.0%
Cash From Investing Activities -$4.140M -$3.100M -$4.220M
YoY Change -35.01% -26.01% 71.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.97M -12.15M -32.14M
YoY Change 785.22% 316.1% 1341.26%
NET CHANGE
Cash From Operating Activities 23.80M 23.47M 5.450M
Cash From Investing Activities -4.140M -3.100M -4.220M
Cash From Financing Activities -17.97M -12.15M -32.14M
Net Change In Cash 1.690M 8.220M -30.91M
YoY Change -255.05% 268.61% -1524.42%
FREE CASH FLOW
Cash From Operating Activities $23.80M $23.47M $5.450M
Capital Expenditures -$6.190M -$3.330M -$4.530M
Free Cash Flow $29.99M $26.80M $9.980M
YoY Change 119.55% 98.08% 7.2%

Facts In Submission

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1757000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5673000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
17424000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2032000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
326000 USD
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IncreaseDecreaseInIncomeTaxesReceivable
673000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
2138000 USD
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IncreaseDecreaseInAccountsPayable
2196000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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5647000 USD
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us-gaap Increase Decrease In Contract With Customer Liability
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-249000 USD
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us-gaap Increase Decrease In Other Operating Capital Net
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75000 USD
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us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
0 USD
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
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2750000 USD
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0 USD
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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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
5470000 USD
us-gaap Payments Of Loan Costs
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1148000 USD
us-gaap Payments Of Loan Costs
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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
300000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
288000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
54700000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
14140000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
40000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
24640000 USD
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ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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NetCashProvidedByUsedInFinancingActivities
2713000 USD
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
16657000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19966000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4397000 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
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CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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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
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
242697000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
10381000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
74000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2020Q3 us-gaap Dividends
Dividends
2043000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
258000 USD
CY2020Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
634000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
252001000 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
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 Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
660000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
212442000 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
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
219420000 USD
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates.</span><span style="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>
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1850000 USD
CY2020Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
17205000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
16654000 USD
CY2020Q3 mgpi Barreled Whiskey And Bourbon
BarreledWhiskeyAndBourbon
108406000 USD
CY2019Q4 mgpi Barreled Whiskey And Bourbon
BarreledWhiskeyAndBourbon
104249000 USD
CY2020Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
5234000 USD
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4920000 USD
CY2020Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2439000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1766000 USD
CY2020Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
8054000 USD
CY2019Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
8200000 USD
CY2020Q3 us-gaap Other Inventory
OtherInventory
1460000 USD
CY2019Q4 us-gaap Other Inventory
OtherInventory
1142000 USD
CY2020Q3 us-gaap Inventory Gross
InventoryGross
142798000 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
136931000 USD
CY2019Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
42534000 USD
CY2020Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
54508000 USD
CY2020Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
61698000 USD
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
41060000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
102964000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
90685000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
294606000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
270282000 USD
CY2020Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3589000 USD
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
1739000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
55909000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
41508000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1401000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
448000 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
54508000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
41060000 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
412000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
401000 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
54096000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
40659000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2862000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8636000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.231
CY2020Q3 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 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
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
10381000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
8215000 USD
us-gaap Net Income Loss
NetIncomeLoss
28713000 USD
us-gaap Net Income Loss
NetIncomeLoss
25846000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
69000 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
54000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
192000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
171000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10312000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8161000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28521000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25675000 USD
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16916675 shares
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17027068 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16943130 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17006226 shares
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.61
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.68
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.48
CY2020Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
20947000 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.51
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
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
CY2020Q3 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
185000 USD
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
352000 USD
CY2019Q3 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
30000 USD
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
50000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q3 mgpi Net Sales To Customers1
NetSalesToCustomers1
102964000 USD
CY2019Q3 mgpi Net Sales To Customers1
NetSalesToCustomers1
90685000 USD
mgpi Net Sales To Customers1
NetSalesToCustomers1
294606000 USD
mgpi Net Sales To Customers1
NetSalesToCustomers1
270282000 USD
CY2020Q3 us-gaap Gross Profit
GrossProfit
23162000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
18790000 USD
us-gaap Gross Profit
GrossProfit
67075000 USD
us-gaap Gross Profit
GrossProfit
54972000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3274000 USD
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2935000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9618000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8537000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13243000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11240000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
37349000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
30054000 USD
CY2020Q3 us-gaap Assets
Assets
361746000 USD
CY2019Q4 us-gaap Assets
Assets
322597000 USD

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