$MGPI
MGP INGREDIENTS INC

2022 Q3 Form 10-Q Financial Statement

#000162828022020862 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $201.1M $195.0M $195.2M
YoY Change 13.89% 11.46% 80.23%
Cost Of Revenue $142.1M $135.8M $123.4M
YoY Change 18.89% 14.94% 62.34%
Gross Profit $59.05M $59.22M $71.82M
YoY Change 3.44% 4.22% 122.36%
Gross Profit Margin 29.36% 30.37% 36.79%
Selling, General & Admin $17.90M $17.86M $16.27M
YoY Change -3.42% -30.76% 48.6%
% of Gross Profit 30.32% 30.16% 22.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.333M $5.303M $5.621M
YoY Change 1.72% 3.68% 69.77%
% of Gross Profit 9.03% 8.95% 7.83%
Operating Expenses $17.90M $17.86M $16.27M
YoY Change -3.42% -30.76% 48.6%
Operating Profit $33.86M $35.31M $50.08M
YoY Change 2.98% 27.63% 144.29%
Interest Expense -$1.350M -$1.543M -$1.598M
YoY Change -220.97% 39.76% 227.46%
% of Operating Profit -3.99% -4.37% -3.19%
Other Income/Expense, Net -$1.353M -$1.062M $54.00K
YoY Change 221.38% 1106.82% 80.0%
Pretax Income $31.16M $32.70M $48.54M
YoY Change -0.59% 23.54% 142.17%
Income Tax $7.533M $7.339M $11.17M
% Of Pretax Income 24.17% 22.44% 23.0%
Net Earnings $23.81M $25.56M $37.44M
YoY Change -0.28% 26.94% 142.67%
Net Earnings / Revenue 11.84% 13.11% 19.18%
Basic Earnings Per Share $1.07 $1.15 $1.69
Diluted Earnings Per Share $1.06 $1.15 $1.69
COMMON SHARES
Basic Shares Outstanding 21.99M shares 22.00M shares 21.99M shares
Diluted Shares Outstanding 22.23M shares 22.00M shares 21.99M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.67M $37.42M $27.30M
YoY Change 213.54% 0.46% 20.77%
Cash & Equivalents $50.67M $37.42M $27.30M
Short-Term Investments
Other Short-Term Assets $5.833M $6.768M $6.391M
YoY Change 101.97% 35.47% 72.73%
Inventory $275.5M $272.9M $259.5M
Prepaid Expenses $5.833M $6.768M $6.391M
Receivables $107.7M $105.4M $102.1M
Other Receivables $1.006M $0.00 $0.00
Total Short-Term Assets $440.6M $422.5M $395.3M
YoY Change 25.22% 19.48% 72.19%
LONG-TERM ASSETS
Property, Plant & Equipment $220.7M $212.0M $207.4M
YoY Change 11.89% 11.79% 49.59%
Goodwill $226.3M $226.3M $226.3M
YoY Change -0.57% -0.85%
Intangibles $217.3M $217.8M $218.3M
YoY Change -0.94% -0.94%
Long-Term Investments $6.140M $5.792M $6.366M
YoY Change 15.11% 0.92%
Other Assets $6.505M $6.663M $7.227M
YoY Change -14.53% -16.72% -13.23%
Total Long-Term Assets $691.4M $684.1M $681.6M
YoY Change 3.89% 3.55% 349.71%
TOTAL ASSETS
Total Short-Term Assets $440.6M $422.5M $395.3M
Total Long-Term Assets $691.4M $684.1M $681.6M
Total Assets $1.132B $1.107B $1.077B
YoY Change 11.26% 9.1% 182.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $64.86M $60.57M $52.76M
YoY Change 75.27% 61.81% 84.84%
Accrued Expenses $26.42M $20.68M $16.56M
YoY Change -33.51% -35.13% -8.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.800M $4.189M $3.228M
YoY Change 48.74% 29.81% 34.5%
Total Short-Term Liabilities $100.8M $93.26M $84.46M
YoY Change 16.57% 11.77% 53.56%
LONG-TERM LIABILITIES
Long-Term Debt $226.3M $227.8M $229.4M
YoY Change 527.29% 517.75% 512.26%
Other Long-Term Liabilities $4.047M $4.095M $4.513M
YoY Change -21.62% -19.97% 0.85%
Total Long-Term Liabilities $4.047M $4.095M $4.513M
YoY Change -90.18% -90.25% -89.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.8M $93.26M $84.46M
Total Long-Term Liabilities $4.047M $4.095M $4.513M
Total Liabilities $408.2M $403.5M $397.4M
YoY Change 1.41% -4.1% 287.38%
SHAREHOLDERS EQUITY
Retained Earnings $423.1M $401.9M $379.0M
YoY Change 34.3% 36.83% 37.17%
Common Stock $6.715M $6.715M $6.715M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.67M $21.73M $22.46M
YoY Change -3.31% -3.31% -2.68%
Treasury Stock Shares 1.132M shares 1.132M shares 1.140M shares
Shareholders Equity $724.8M $703.8M $680.0M
YoY Change
Total Liabilities & Shareholders Equity $1.132B $1.107B $1.077B
YoY Change 11.26% 9.1% 182.55%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $23.81M $25.56M $37.44M
YoY Change -0.28% 26.94% 142.67%
Depreciation, Depletion And Amortization $5.333M $5.303M $5.621M
YoY Change 1.72% 3.68% 69.77%
Cash From Operating Activities $29.23M $20.79M $22.23M
YoY Change 25.3% -31.76% 30.84%
INVESTING ACTIVITIES
Capital Expenditures -$11.13M -$7.445M $10.64M
YoY Change -41.18% 18.63% -11.75%
Acquisitions
YoY Change
Other Investing Activities -$1.150M -$6.000K $363.0K
YoY Change 11400.0% -100.0% -71.66%
Cash From Investing Activities -$12.28M -$7.451M -$12.03M
YoY Change -35.13% -95.25% -9.8%
FINANCING ACTIVITIES
Cash Dividend Paid $2.661M
YoY Change 29.68%
Common Stock Issuance & Retirement, Net $714.0K
YoY Change 5.93%
Debt Paid & Issued, Net $807.0K
YoY Change
Cash From Financing Activities -3.652M -3.467M -$4.182M
YoY Change -85.66% -102.46% 53.41%
NET CHANGE
Cash From Operating Activities 29.23M 20.79M $22.23M
Cash From Investing Activities -12.28M -7.451M -$12.03M
Cash From Financing Activities -3.652M -3.467M -$4.182M
Net Change In Cash 13.30M 9.871M $5.727M
YoY Change -163.11% -32.66% 519.81%
FREE CASH FLOW
Cash From Operating Activities $29.23M $20.79M $22.23M
Capital Expenditures -$11.13M -$7.445M $10.64M
Free Cash Flow $40.36M $28.23M $11.59M
YoY Change -4.47% -23.15% 135.0%

Facts In Submission

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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 Type
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dei Document Quarterly Report
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dei Document Period End Date
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dei Document Transition Report
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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
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dei Entity Tax Identification Number
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dei Security12b Title
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dei Trading Symbol
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dei Security Exchange Name
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
196863000 usd
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211985000 usd
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207286000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
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15559000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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9671000 usd
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5792000 usd
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4944000 usd
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217803000 usd
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218838000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
226294000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
226294000 usd
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6663000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
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7336000 usd
CY2022Q2 us-gaap Assets
Assets
1106620000 usd
CY2021Q4 us-gaap Assets
Assets
1041467000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
4189000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3227000 usd
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60572000 usd
CY2021Q4 us-gaap Accounts Payable Current
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53712000 usd
CY2022Q2 us-gaap Sales And Excise Tax Payable Current
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7673000 usd
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
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6992000 usd
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141000 usd
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20681000 usd
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24869000 usd
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32698000 usd
CY2021Q4 us-gaap Other Long Term Debt Noncurrent
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35266000 usd
CY2022Q2 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
195066000 usd
CY2021Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
194906000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12206000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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6997000 usd
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4095000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
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5132000 usd
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66226000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
66101000 usd
CY2022Q2 us-gaap Liabilities
Liabilities
403547000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
397202000 usd
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CY2021Q4 us-gaap Commitments And Contingencies
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us-gaap Preferred Stock Dividend Rate Percentage
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0.05
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0.05
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PreferredStockParOrStatedValuePerShare
10
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PreferredStockParOrStatedValuePerShare
10
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1000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000 shares
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PreferredStockSharesIssued
437 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
437 shares
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
437 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
437 shares
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
4000 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
4000 usd
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23125166 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23125166 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21992751 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q2 us-gaap Common Stock Value
CommonStockValue
6715000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
6715000 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
317240000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
315802000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
401915000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
344237000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-321000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
354000 usd
CY2022Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1132415 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1160852 shares
CY2022Q2 us-gaap Treasury Stock Value
TreasuryStockValue
21726000 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
22357000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.237
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
703827000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Minority Interest
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-754000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
703073000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
644265000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1106620000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1041467000 usd
us-gaap Profit Loss
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62733000 usd
us-gaap Profit Loss
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35486000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10924000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8425000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2131000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4767000 usd
mgpi Increase Decrease In Deferred Tax Asset Valuation Allowance
IncreaseDecreaseInDeferredTaxAssetValuationAllowance
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mgpi Increase Decrease In Deferred Tax Asset Valuation Allowance
IncreaseDecreaseInDeferredTaxAssetValuationAllowance
1568000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
69000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13142000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7531000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
27508000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
408000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
897000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
141000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1017000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
11438000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7987000 usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
681000 usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
716000 usd
mgpi Payments For Proceeds From Other Operating Activities
PaymentsForProceedsFromOtherOperatingActivities
61000 usd
mgpi Payments For Proceeds From Other Operating Activities
PaymentsForProceedsFromOtherOperatingActivities
2537000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
43019000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
47454000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18087000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18336000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
149599000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1028000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
988000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
369000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1312000 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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us-gaap Payments Of Dividends
PaymentsOfDividends
5322000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
4707000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
713000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
765000 usd
us-gaap Payments Of Loan Costs
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0 usd
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
666000 usd
us-gaap Repayments Of Long Term Debt
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1614000 usd
us-gaap Repayments Of Long Term Debt
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
242300000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10306000 usd
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
0 usd
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
87497000 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
138359000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-39000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15847000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15581000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11027000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21568000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21662000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37415000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37243000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
644265000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
37371000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2022Q1 us-gaap Dividends
Dividends
2661000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1373000 usd
CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
711000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
679405000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
25362000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-443000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2022Q2 us-gaap Dividends
Dividends
2658000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1409000 usd
CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
703073000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
262526000 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
15427000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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
StockIssuedDuringPeriodValueShareBasedCompensation
3229000 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 us-gaap Profit Loss
ProfitLoss
20059000 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 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
593578000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
us-gaap Goodwill Acquired During Period
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0 usd
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 the COVID-19 pandemic.  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>
CY2022Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
9614000 usd
CY2021Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
9179000 usd
CY2022Q2 us-gaap Other Inventory
OtherInventory
1249000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38813000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
46859000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
35362000 usd
CY2022Q2 mgpi Inventory Barreled Distillate Gross
InventoryBarreledDistillateGross
184926000 usd
CY2021Q4 mgpi Inventory Barreled Distillate Gross
InventoryBarreledDistillateGross
174080000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
28176000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
24981000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2124000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1261000 usd
CY2021Q4 us-gaap Other Inventory
OtherInventory
1081000 usd
CY2022Q2 us-gaap Inventory Gross
InventoryGross
272948000 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
245944000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
174939000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
226294000 usd
CY2022Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
212654000 usd
CY2021Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
272971000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
231953000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
233399000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
194982000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
390217000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
283262000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
517000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1035000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
518000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
518000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1035000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2070000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2070000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2070000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2070000 usd
CY2022Q2 mgpi Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
29498000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
226294000 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
178990000 usd
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
0 usd
CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
178990000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
238239000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
239853000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6412000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6286000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6454000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
231953000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
233399000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
4189000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3227000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
227764000 usd
CY2022Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
2280000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
230172000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7339000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18504000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.224
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
CY2022Q2 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
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q2 us-gaap Profit Loss
ProfitLoss
25362000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
20059000 usd
us-gaap Profit Loss
ProfitLoss
62733000 usd
us-gaap Profit Loss
ProfitLoss
35486000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-198000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-76000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-264000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-76000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
217000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
217000 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
150000 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
150000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
535000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
535000 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
299000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25343000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
25343000 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
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
62462000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
62462000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
35263000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35263000 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
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22002385 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22002385 shares
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
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21995779 shares
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
-828000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21995779 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19436143 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19436143 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.15
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.81
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
25000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 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
CY2022Q2 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
2598000 usd
CY2021Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
3072000 usd
CY2021Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
617000 usd
CY2022Q2 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
617000 usd
CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
2981000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
194982000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
174939000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
390217000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
283262000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
59224000 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
56827000 usd
us-gaap Gross Profit
GrossProfit
131045000 usd
us-gaap Gross Profit
GrossProfit
89126000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5303000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5115000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10924000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8425000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
32701000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26471000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
81237000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
46513000 usd
CY2022Q2 us-gaap Assets
Assets
1106620000 usd
CY2021Q4 us-gaap Assets
Assets
1041467000 usd

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