v3.26.1
Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments Segments:
The Company operates in one consolidated operating and reportable segment: the manufacturing, marketing and distribution of fresh dog food, cat food, and dog treats (collectively, "fresh pet food products"). The Company's chief operating decision maker ("CODM"), who is the Company's Chief Executive Officer, reviews financial information on a consolidated basis for purposes of allocating resources and evaluating financial performance.
The segment derives revenues from the sale of fresh pet food products to retailers, through direct sales and distributor arrangements. Revenue from transactions with external customers for each of our fresh pet food products would be impracticable to disclose and management, including the CODM, does not view its business by product line. Although the CODM does not review such information on a regular basis, refer to Note 1 — Summary of Significant Accounting Policies for information about the Company's net sales by class of retailer.
The CODM measures performance for the segment primarily based on net income (loss). The CODM uses net income (loss) to evaluate operating performance and the execution of capacity expansion plans to drive greater capital efficiency.
The measure of segment assets is reported as total assets on the Consolidated Balance Sheet, and total capital expenditures for additions to long-lived assets were $57,324 and $59,932 for the six months ended June 30, 2026 and 2025, respectively.
Financial information, including segment revenue, significant segment expenses, and profit or loss for the three and six months ended June 30, 2026 and 2025 is presented in the table below:
Three Months Ended
June 30,		Six Months Ended June 30,
2026202520262025
Net sales$305,587 $264,689 $603,231 $527,938 
Input costs (a)(87,367)(76,446)(172,288)(153,533)
Quality costs (b)(7,612)(5,271)(13,865)(11,150)
Logistics costs (c)(21,004)(15,108)(39,677)(30,494)
Media costs (d)(40,806)(39,632)(87,847)(79,423)
Plant costs and other costs of goods sold (e)(61,541)(58,253)(127,730)(117,580)
Other segment selling, general and administrative items (f)(34,175)(24,860)(70,160)(70,749)
Depreciation and amortization(24,965)(20,609)(49,954)(42,436)
Share-based compensation(6,380)(6,221)(15,516)(15,037)
Loss on disposals of equipment(28)(485)(154)(1,229)
Interest and other income, net2,830 2,199 5,713 4,592 
Interest expense(3,483)(3,749)(7,069)(7,208)
Gain on equity investment4,539 — 66,552 — 
Income tax (expense) benefit
(6,107)102 (23,240)(32)
Consolidated net income
$19,488 $16,356 $67,996 $3,659 
(a) Input costs include expenses related to the procurement of raw materials and packaging materials used in the production of finished goods.
(b) Quality costs include expenses related to quality control processes in place over the production of our dog and cat food products. This includes high pressure processing costs, which is a food preservation method that uses high pressure and cold water to inactivate pathogens and extend shelf life.
(c) Logistics costs include expenses related to the transportation of finished goods from production facilities to our customers and certain warehousing costs.
(d) Media costs include expenses related to advertising through media outlets.
(e) Plant costs and other cost of goods sold items include plant employee costs and administrative expenses directly related to the cost of goods sold.
(f) Other segment selling, general and administrative items include employee costs, chiller expenses, and other administrative selling expenses.