Operating Segments (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Summarized Financial Information and Assets by Segment

The following tables present summarized financial information for each segment:


			Quarter Ended June 30, 2025
			Branded Spirits						Distilling Solutions						Ingredient Solutions						Corporate						Total
Sales			$	60,520					$	50,000					$	34,974					$	—					$	145,494
Cost of Goods Sold			28,536						31,188						27,383						—						87,107
Gross Profit			31,984						18,812						7,591						—						58,387
Advertising and promotion expense			6,268						285						331						29						6,913
SG&A expense			8,979						786						970						12,421						23,156

Change in fair value of contingent consideration			8,000						—						—						—						8,000
Operating income			$	8,737					$	17,741					$	6,290					$	(12,450)					$	20,318

Depreciation and amortization			$	2,145					$	2,025					$	1,307					$	353					$	5,830


			Quarter Ended June 30, 2024
			Branded Spirits						Distilling Solutions						Ingredient Solutions						Corporate						Total
Sales			$	64,041					$	93,388					$	33,376					$	—					$	190,805
Cost of Goods Sold			30,408						50,915						26,250						—						107,573
Gross Profit			33,633						42,473						$	7,126					—						83,232
Advertising and promotion expense			10,828						241						462						134						11,665
SG&A expense			10,170						683						880						11,026						22,759
Impairment of long-lived assets and other			—						21						—						—						21
Change in fair value of contingent consideration			5,400						—						—						—						5,400
Operating income			$	7,235					$	41,528					$	5,784					$	(11,160)					$	43,387

Depreciation and amortization			$	1,852					$	1,968					$	1,170					$	339					$	5,329


			Year to Date Ended June 30, 2025
			Branded Spirits						Distilling Solutions						Ingredient Solutions						Corporate						Total
Sales			$	108,747					$	96,943					$	61,457					$	—					$	267,147
Cost of Goods Sold			54,565						59,451						51,414						—						165,430
Gross Profit			54,182						37,492						10,043						—						101,717
Advertising and promotion expense			13,922						431						651						81						15,085
SG&A expense			17,969						1,438						2,094						22,860						44,361

Change in fair value of contingent consideration			22,700						—						—						—						22,700
Operating income			$	(409)					$	35,623					$	7,298					$	(22,941)					$	19,571

Depreciation and amortization			$	4,285					$	4,080					$	2,578					$	695					$	11,638


			Year to Date Ended June 30, 2024
			Branded Spirits						Distilling Solutions						Ingredient Solutions						Corporate						Total
Sales			$	114,187					$	178,240					$	68,941					$	—					$	361,368
Cost of Goods Sold			58,022						101,684						55,635						—						215,341
Gross Profit			56,165						76,556						13,306						—						146,027
Advertising and promotion expense			18,582						560						934						272						20,348
SG&A expense			19,940						1,262						1,868						20,668						43,738
Impairment of long-lived assets and other			—						137						—						—						137
Change in fair value of contingent consideration			9,500						—						—						—						9,500
Operating income			$	8,143					$	74,597					$	10,504					$	(20,940)					$	72,304

Depreciation and amortization			$	3,675					$	3,925					$	2,339					$	679					$	10,618

The following table allocates assets to each segment as of:


						June 30, 2025						December 31, 2024
Identifiable Assets
Branded Spirits						$	857,303					$	862,458
Distilling Solutions						362,760						382,432
Ingredient Solutions						134,390						132,003
Corporate						31,607						28,892
Total						$	1,386,060					$	1,405,785