$MGPI
MGP INGREDIENTS INC

2022 Q4 Form 10-Q Financial Statement

#000162828022027976 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $191.0M $201.1M
YoY Change 14.47% 13.89%
Cost Of Revenue $127.8M $142.1M
YoY Change 12.0% 18.89%
Gross Profit $63.21M $59.05M
YoY Change 19.83% 3.44%
Gross Profit Margin 33.1% 29.36%
Selling, General & Admin $22.63M $17.90M
YoY Change 28.94% -3.42%
% of Gross Profit 35.8% 30.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.198M $5.333M
YoY Change -4.17% 1.72%
% of Gross Profit 8.22% 9.03%
Operating Expenses $22.63M $17.90M
YoY Change 28.94% -3.42%
Operating Profit $29.72M $33.86M
YoY Change -34.43% 2.98%
Interest Expense -$960.0K -$1.350M
YoY Change -172.23% -220.97%
% of Operating Profit -3.23% -3.99%
Other Income/Expense, Net -$981.0K -$1.353M
YoY Change 30.63% 221.38%
Pretax Income $27.77M $31.16M
YoY Change -35.76% -0.59%
Income Tax $5.263M $7.533M
% Of Pretax Income 18.95% 24.17%
Net Earnings $22.51M $23.81M
YoY Change -28.89% -0.28%
Net Earnings / Revenue 11.79% 11.84%
Basic Earnings Per Share $1.02 $1.07
Diluted Earnings Per Share $1.01 $1.06
COMMON SHARES
Basic Shares Outstanding 21.99M shares 21.99M shares
Diluted Shares Outstanding 22.23M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.89M $50.67M
YoY Change 122.04% 213.54%
Cash & Equivalents $47.89M $50.67M
Short-Term Investments
Other Short-Term Assets $2.957M $5.833M
YoY Change 95.83% 101.97%
Inventory $289.7M $275.5M
Prepaid Expenses $2.957M $5.833M
Receivables $109.3M $107.7M
Other Receivables $4.327M $1.006M
Total Short-Term Assets $454.2M $440.6M
YoY Change 23.72% 25.22%
LONG-TERM ASSETS
Property, Plant & Equipment $235.6M $220.7M
YoY Change 13.67% 11.89%
Goodwill $226.3M $226.3M
YoY Change 0.0% -0.57%
Intangibles $216.8M $217.3M
YoY Change -0.95% -0.94%
Long-Term Investments $5.534M $6.140M
YoY Change 11.93% 15.11%
Other Assets $4.779M $6.505M
YoY Change -34.86% -14.53%
Total Long-Term Assets $704.0M $691.4M
YoY Change 4.4% 3.89%
TOTAL ASSETS
Total Short-Term Assets $454.2M $440.6M
Total Long-Term Assets $704.0M $691.4M
Total Assets $1.158B $1.132B
YoY Change 11.21% 11.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.43M $64.86M
YoY Change 23.68% 75.27%
Accrued Expenses $28.72M $26.42M
YoY Change 15.47% -33.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.600M $4.800M
YoY Change 73.54% 48.74%
Total Short-Term Liabilities $105.4M $100.8M
YoY Change 18.67% 16.57%
LONG-TERM LIABILITIES
Long-Term Debt $29.51M $226.3M
YoY Change -16.32% 527.29%
Other Long-Term Liabilities $3.723M $4.047M
YoY Change -27.46% -21.62%
Total Long-Term Liabilities $33.23M $4.047M
YoY Change -17.74% -90.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.4M $100.8M
Total Long-Term Liabilities $33.23M $4.047M
Total Liabilities $412.6M $408.2M
YoY Change 3.87% 1.41%
SHAREHOLDERS EQUITY
Retained Earnings $443.1M $423.1M
YoY Change 28.71% 34.3%
Common Stock $6.715M $6.715M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.59M $21.67M
YoY Change -3.43% -3.31%
Treasury Stock Shares 1.131M shares 1.132M shares
Shareholders Equity $746.7M $724.8M
YoY Change
Total Liabilities & Shareholders Equity $1.158B $1.132B
YoY Change 11.21% 11.26%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $22.51M $23.81M
YoY Change -28.89% -0.28%
Depreciation, Depletion And Amortization $5.198M $5.333M
YoY Change -4.17% 1.72%
Cash From Operating Activities $16.68M $29.23M
YoY Change -4.55% 25.3%
INVESTING ACTIVITIES
Capital Expenditures $16.11M -$11.13M
YoY Change -258.96% -41.18%
Acquisitions
YoY Change
Other Investing Activities $57.00K -$1.150M
YoY Change -99.66% 11400.0%
Cash From Investing Activities -$16.05M -$12.28M
YoY Change -345.14% -35.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.463M -3.652M
YoY Change -81.38% -85.66%
NET CHANGE
Cash From Operating Activities 16.68M 29.23M
Cash From Investing Activities -16.05M -12.28M
Cash From Financing Activities -3.463M -3.652M
Net Change In Cash -2.829M 13.30M
YoY Change -152.11% -163.11%
FREE CASH FLOW
Cash From Operating Activities $16.68M $29.23M
Capital Expenditures $16.11M -$11.13M
Free Cash Flow $577.0K $40.36M
YoY Change -97.91% -4.47%

Facts In Submission

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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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CY2022Q3 us-gaap Sales And Excise Tax Payable Current
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4713000 usd
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
6992000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
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26420000 usd
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24869000 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
100791000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
88800000 usd
CY2022Q3 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
31105000 usd
CY2021Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
35266000 usd
CY2022Q3 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
195146000 usd
CY2021Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
194906000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11327000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6997000 usd
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4047000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
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5132000 usd
CY2022Q3 us-gaap Deferred Income Tax Liabilities Net
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65799000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
66101000 usd
CY2022Q3 us-gaap Liabilities
Liabilities
408215000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
397202000 usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2021Q4 us-gaap Commitments And Contingencies
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us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.05
CY2021 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.05
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10
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PreferredStockParOrStatedValuePerShare
10
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1000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
437 shares
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
437 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
437 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
437 shares
CY2022Q3 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
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23125166 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23125166 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21993355 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21964314 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
6715000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
6715000 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
317541000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
315802000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
423063000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
344237000 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
354000 usd
CY2022Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
1131811 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1160852 shares
CY2022Q3 us-gaap Treasury Stock Value
TreasuryStockValue
21665000 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
22357000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
724794000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
644755000 usd
CY2022Q3 us-gaap Minority Interest
MinorityInterest
-934000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
-490000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
723860000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
644265000 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1132075000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1041467000 usd
us-gaap Profit Loss
ProfitLoss
86361000 usd
us-gaap Profit Loss
ProfitLoss
59159000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16257000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13668000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3086000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5247000 usd
mgpi Increase Decrease In Deferred Tax Asset Valuation Allowance
IncreaseDecreaseInDeferredTaxAssetValuationAllowance
302000 usd
mgpi Increase Decrease In Deferred Tax Asset Valuation Allowance
IncreaseDecreaseInDeferredTaxAssetValuationAllowance
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
231000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15582000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5593000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
30599000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7588000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1165000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1206000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1006000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
2086000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
12613000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1220000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
15859000 usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
-2279000 usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
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mgpi Payments For Proceeds From Other Operating Activities
PaymentsForProceedsFromOtherOperatingActivities
143000 usd
mgpi Payments For Proceeds From Other Operating Activities
PaymentsForProceedsFromOtherOperatingActivities
682000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
72253000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
70785000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
29217000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37257000 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
149613000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2232000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
988000 usd
CY2021Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
272971000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
315000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1308000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31764000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Dividends
PaymentsOfDividends
7984000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
7362000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
714000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
767000 usd
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
0 usd
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
666000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2603000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
813000 usd
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
32300000 usd
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
0 usd
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
87509000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11301000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
112883000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-82000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29106000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5500000 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50674000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16162000 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
-232000 usd
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
CY2022Q3 us-gaap Profit Loss
ProfitLoss
23628000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-543000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2022Q3 us-gaap Dividends
Dividends
2660000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
363000 usd
CY2022Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
0 usd
CY2022Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
723860000 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
CY2021Q3 us-gaap Profit Loss
ProfitLoss
23673000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-230000 usd
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2021Q3 us-gaap Dividends
Dividends
2654000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
480000 usd
CY2021Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1000 usd
CY2021Q3 mgpi Adjustments To Additional Paid In Capital Merger Considerations
AdjustmentsToAdditionalPaidInCapitalMergerConsiderations
65000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
614911000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q3 mgpi Inventory Barreled Distillate Gross
InventoryBarreledDistillateGross
185681000 usd
CY2021Q4 mgpi Inventory Barreled Distillate Gross
InventoryBarreledDistillateGross
174080000 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 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>
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
49008000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
35362000 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
27496000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
24981000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1581000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1261000 usd
CY2022Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
10020000 usd
CY2021Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
9179000 usd
CY2022Q3 us-gaap Other Inventory
OtherInventory
1692000 usd
CY2021Q4 us-gaap Other Inventory
OtherInventory
1081000 usd
CY2022Q3 us-gaap Inventory Gross
InventoryGross
275478000 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
245944000 usd
CY2022Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
178062000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
231051000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
233399000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
201146000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
176611000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
591363000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
459873000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
518000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1553000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
517000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2070000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2070000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2070000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2070000 usd
CY2022Q3 mgpi Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
29498000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38295000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
226294000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2022Q3 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
CY2022Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
178990000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
237250000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
239853000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6199000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6454000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
231051000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
233399000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
4800000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3227000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
226251000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
230172000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7533000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26037000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.232
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7674000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18701000 usd
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.24
CY2021Q3 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
CY2022Q3 us-gaap Profit Loss
ProfitLoss
23628000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
23673000 usd
us-gaap Profit Loss
ProfitLoss
86361000 usd
us-gaap Profit Loss
ProfitLoss
59159000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-180000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-203000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-444000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-279000 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
188000 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
188000 usd
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
175000 usd
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
175000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
688000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
688000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
471000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
471000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23620000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
23620000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
23701000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23701000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
86117000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
86117000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
58967000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
58967000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
58967000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
58967000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22008381 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21981201 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22000026 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20293818 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22228814 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21981201 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22000026 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20293818 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.91
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.91
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
CY2022Q3 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
-103000 usd
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
-931000 usd
CY2021Q3 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
-15000 usd
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
261000 usd
CY2022Q3 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
2510000 usd
CY2021Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
3072000 usd
CY2021Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
617000 usd
CY2022Q3 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
617000 usd
CY2022Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
2310000 usd
CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
2981000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
201146000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
176611000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
591363000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
459873000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
59048000 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
57086000 usd
us-gaap Gross Profit
GrossProfit
190093000 usd
us-gaap Gross Profit
GrossProfit
146212000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5333000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5243000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16257000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13668000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31161000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31347000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
112398000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
77860000 usd
CY2022Q3 us-gaap Assets
Assets
1132075000 usd
CY2021Q4 us-gaap Assets
Assets
1041467000 usd

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