$MGPI
MGP INGREDIENTS INC

2021 Q2 Form 10-Q Financial Statement

#000162828021015442 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $174.9M $92.56M
YoY Change 89.0% 2.28%
Cost Of Revenue $118.1M $71.86M
YoY Change 64.37% 1.24%
Gross Profit $56.83M $20.70M
YoY Change 174.5% 6.04%
Gross Profit Margin 32.48% 22.37%
Selling, General & Admin $25.79M $8.889M
YoY Change 190.17% 2.79%
% of Gross Profit 45.39% 42.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.115M $3.220M
YoY Change 58.85% 15.33%
% of Gross Profit 9.0% 15.55%
Operating Expenses $25.79M $8.889M
YoY Change 190.17% 2.79%
Operating Profit $27.66M $11.34M
YoY Change 143.98% 4.27%
Interest Expense -$1.104M $298.0K
YoY Change -470.47% -7.17%
% of Operating Profit -3.99% 2.63%
Other Income/Expense, Net -$88.00K $330.0K
YoY Change -126.67%
Pretax Income $26.47M $11.04M
YoY Change 139.77% 4.61%
Income Tax $6.412M $2.550M
% Of Pretax Income 24.22% 23.1%
Net Earnings $20.14M $8.490M
YoY Change 137.16% 7.32%
Net Earnings / Revenue 11.51% 9.17%
Basic Earnings Per Share $0.91 $0.50
Diluted Earnings Per Share $0.91 $0.50
COMMON SHARES
Basic Shares Outstanding 21.92M shares 16.90M shares
Diluted Shares Outstanding 21.92M shares 16.90M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.24M $11.70M
YoY Change 218.32% 431.82%
Cash & Equivalents $37.24M $11.75M
Short-Term Investments
Other Short-Term Assets $4.996M $4.000M
YoY Change 24.9% 122.22%
Inventory $232.3M $147.1M
Prepaid Expenses $4.996M $4.021M
Receivables $79.11M $54.16M
Other Receivables $0.00 $0.00
Total Short-Term Assets $353.6M $217.0M
YoY Change 62.94% 28.42%
LONG-TERM ASSETS
Property, Plant & Equipment $189.6M $128.6M
YoY Change 47.46% 7.26%
Goodwill $228.2M
YoY Change
Intangibles $219.9M
YoY Change
Long-Term Investments $5.739M
YoY Change
Other Assets $8.001M $5.469M
YoY Change 46.3% 49.59%
Total Long-Term Assets $660.7M $140.0M
YoY Change 371.98% 7.91%
TOTAL ASSETS
Total Short-Term Assets $353.6M $217.0M
Total Long-Term Assets $660.7M $140.0M
Total Assets $1.014B $357.0M
YoY Change 184.11% 19.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.43M $21.43M
YoY Change 74.69% 3.47%
Accrued Expenses $31.88M $12.63M
YoY Change 152.5% 14.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.227M $400.0K
YoY Change 706.75% 1.78%
Total Short-Term Liabilities $83.44M $39.20M
YoY Change 112.88% 22.03%
LONG-TERM LIABILITIES
Long-Term Debt $36.87M $40.46M
YoY Change -8.88% -3.88%
Other Long-Term Liabilities $5.117M $4.605M
YoY Change 11.12% 148.78%
Total Long-Term Liabilities $41.99M $45.07M
YoY Change -6.84% 2.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $83.44M $39.20M
Total Long-Term Liabilities $41.99M $45.07M
Total Liabilities $420.8M $114.3M
YoY Change 268.1% 32.49%
SHAREHOLDERS EQUITY
Retained Earnings $293.7M $245.0M
YoY Change 19.88% 15.0%
Common Stock $6.715M $6.715M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.47M $23.83M
YoY Change -5.72% 17.14%
Treasury Stock Shares 1.163M shares 1.220M shares
Shareholders Equity $593.6M $242.7M
YoY Change
Total Liabilities & Shareholders Equity $1.014B $357.0M
YoY Change 184.11% 19.51%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $20.14M $8.490M
YoY Change 137.16% 7.32%
Depreciation, Depletion And Amortization $5.115M $3.220M
YoY Change 58.85% 15.33%
Cash From Operating Activities $30.46M $5.450M
YoY Change 458.97% -20.55%
INVESTING ACTIVITIES
Capital Expenditures -$6.276M -$4.530M
YoY Change 38.54% 84.9%
Acquisitions
YoY Change
Other Investing Activities -$150.6M $310.0K
YoY Change -48686.77% -3200.0%
Cash From Investing Activities -$156.9M -$4.220M
YoY Change 3617.89% 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 141.1M -32.14M
YoY Change -538.98% 1341.26%
NET CHANGE
Cash From Operating Activities 30.46M 5.450M
Cash From Investing Activities -156.9M -4.220M
Cash From Financing Activities 141.1M -32.14M
Net Change In Cash 14.66M -30.91M
YoY Change -147.42% -1524.42%
FREE CASH FLOW
Cash From Operating Activities $30.46M $5.450M
Capital Expenditures -$6.276M -$4.530M
Free Cash Flow $36.74M $9.980M
YoY Change 268.14% 7.2%

Facts In Submission

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dei Entity Central Index Key
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dei Document Type
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dei Document Quarterly Report
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dei Entity Small Business
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dei Document Period End Date
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dei Entity Address City Or Town
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dei Entity File Number
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dei Entity Registrant Name
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MGP INGREDIENTS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
KS
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dei City Area Code
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dei Security12b Title
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MGPI
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CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000 shares
CY2021Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
437 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
437 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
437 shares
CY2021Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
437 shares
CY2021Q2 us-gaap Preferred Stock Value
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4000 USD
CY2020Q4 us-gaap Preferred Stock Value
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4000 USD
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23123793 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18115965 shares
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21961233 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
16915862 shares
CY2021Q2 us-gaap Common Stock Value
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6715000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
6715000 USD
CY2021Q2 us-gaap Additional Paid In Capital
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315062000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
15503000 USD
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
293724000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
262943000 USD
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
542000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
486000 USD
CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1162560 shares
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1200103 shares
CY2021Q2 us-gaap Treasury Stock Value
TreasuryStockValue
22469000 USD
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
23125000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
593578000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
262526000 USD
CY2021Q2 us-gaap Minority Interest
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-76000 USD
CY2020Q4 us-gaap Minority Interest
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
593502000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
262526000 USD
CY2021Q2 us-gaap Liabilities And Stockholders Equity
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1014297000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
366575000 USD
us-gaap Profit Loss
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35486000 USD
us-gaap Profit Loss
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18332000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8425000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6344000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-76000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Gain Loss On Disposition Of Assets1
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0 USD
us-gaap Gain Loss On Disposition Of Assets1
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8000 USD
us-gaap Share Based Compensation
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4767000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1801000 USD
mgpi Increase Decrease In Deferred Tax Asset Valuation Allowance
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1568000 USD
mgpi Increase Decrease In Deferred Tax Asset Valuation Allowance
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99000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-7000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
us-gaap Increase Decrease In Accounts Receivable
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-7531000 USD
us-gaap Increase Decrease In Accounts Receivable
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13174000 USD
us-gaap Increase Decrease In Inventories
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408000 USD
us-gaap Increase Decrease In Inventories
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9983000 USD
us-gaap Increase Decrease In Prepaid Expense
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897000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1973000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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1017000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
5778000 USD
us-gaap Increase Decrease In Accounts Payable Trade
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-12996000 USD
us-gaap Increase Decrease In Accounts Payable Trade
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-4218000 USD
us-gaap Increase Decrease In Accrued Liabilities
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7987000 USD
us-gaap Increase Decrease In Accrued Liabilities
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3126000 USD
us-gaap Increase Decrease In Property And Other Taxes Payable
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716000 USD
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
132000 USD
mgpi Payments For Proceeds From Other Operating Activities
PaymentsForProceedsFromOtherOperatingActivities
2537000 USD
mgpi Payments For Proceeds From Other Operating Activities
PaymentsForProceedsFromOtherOperatingActivities
72000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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47454000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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5986000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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18336000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10177000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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149599000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2750000 USD
us-gaap Payments To Acquire Equity Method Investments
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988000 USD
us-gaap Payments To Acquire Equity Method Investments
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0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
688000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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1312000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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168000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments Of Dividends
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4707000 USD
us-gaap Payments Of Dividends
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4101000 USD
us-gaap Payments For Repurchase Of Common Stock
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765000 USD
us-gaap Payments For Repurchase Of Common Stock
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4395000 USD
us-gaap Payments Of Loan Costs
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666000 USD
us-gaap Payments Of Loan Costs
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1148000 USD
us-gaap Repayments Of Long Term Debt
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0 USD
us-gaap Repayments Of Long Term Debt
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199000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
242300000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
54700000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10306000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
30000000 USD
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
87497000 USD
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
138359000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14857000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15581000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8436000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21662000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3309000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37243000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11745000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
262526000 USD
CY2021Q1 us-gaap Profit Loss
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15427000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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55000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2021Q1 us-gaap Dividends
Dividends
2052000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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3229000 USD
CY2021Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
0 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
674000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
278511000 USD
CY2021Q2 mgpi Net Income Including Portion Attributable To Noncontrolling Interest
NetIncomeIncludingPortionAttributableToNoncontrollingInterest
19983000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2021Q2 us-gaap Dividends
Dividends
2653000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1538000 USD
CY2021Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
0 USD
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
91000 USD
CY2021Q2 mgpi Adjustments To Additional Paid In Capital Merger Considerations
AdjustmentsToAdditionalPaidInCapitalMergerConsiderations
296213000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
593502000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
231044000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
9842000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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-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 Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
902000 USD
CY2020Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
237000 USD
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
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4395000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
235565000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
8490000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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 Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
662000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
242697000 USD
CY2021Q2 us-gaap Number Of Operating Segments
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3 segment
us-gaap Use Of Estimates
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<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>
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
47500000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
16414000 USD
CY2021Q2 mgpi Inventory Barreled Distillate Gross
InventoryBarreledDistillateGross
151441000 USD
CY2020Q4 mgpi Inventory Barreled Distillate Gross
InventoryBarreledDistillateGross
105445000 USD
CY2021Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
21850000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
6954000 USD
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
1533000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1805000 USD
CY2021Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
8806000 USD
CY2020Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
8634000 USD
CY2021Q2 us-gaap Other Inventory
OtherInventory
1162000 USD
CY2020Q4 us-gaap Other Inventory
OtherInventory
1759000 USD
CY2021Q2 us-gaap Inventory Gross
InventoryGross
232292000 USD
CY2020Q4 us-gaap Inventory Gross
InventoryGross
141011000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
39871000 USD
CY2021Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
276919000 USD
CY2020Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
44548000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
270391000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
174939000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92560000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
283262000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
191642000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
518000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
518000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1035000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2070000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2070000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2070000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2070000 USD
CY2021Q2 mgpi Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
31567000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
40882000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
2738000 USD
us-gaap Goodwill Acquired During Period
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225505000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
228243000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
890000 USD
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
178100000 USD
CY2021Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
178990000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
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272216000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
40000000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
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1825000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
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129000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
270391000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
39871000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3227000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1600000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
267164000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
38271000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
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6412000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11027000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2550000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.237
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
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
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q2 us-gaap Profit Loss
ProfitLoss
20059000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
8490000 USD
us-gaap Profit Loss
ProfitLoss
35486000 USD
us-gaap Profit Loss
ProfitLoss
18332000 USD
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
150000 USD
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
150000 USD
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
57000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18209000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18209000 USD
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
57000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
299000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
299000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
123000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
123000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-76000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-76000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19985000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19985000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8433000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8433000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35263000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
35263000 USD
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21916721 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21916721 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16899079 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16899079 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19436143 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19436143 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16956502 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16956502 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
25000000 USD
CY2020Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
2007000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
20947000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
159104 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4053000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
159104 shares
mgpi Share Based Compensation Arrangement By Share Based Payment Award Number Of Awards
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAwards
2 plan
CY2021Q2 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
246000 USD
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
276000 USD
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
CY2021Q2 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
3558000 USD
CY2021Q2 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
897000 USD
CY2021Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
2924000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
3140000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
174939000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92560000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
283262000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
191642000 USD
CY2021Q2 us-gaap Gross Profit
GrossProfit
56827000 USD
CY2020Q2 us-gaap Gross Profit
GrossProfit
20702000 USD
us-gaap Gross Profit
GrossProfit
89126000 USD
us-gaap Gross Profit
GrossProfit
43913000 USD
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5115000 USD
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3220000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8425000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6344000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26471000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11040000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
46513000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24106000 USD
CY2021Q2 us-gaap Assets
Assets
1014297000 USD
CY2020Q4 us-gaap Assets
Assets
366575000 USD

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