Quarterly report pursuant to Section 13 or 15(d)

BUSINESS SEGMENTS

v3.22.2
BUSINESS SEGMENTS
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
NOTE 15: BUSINESS SEGMENTS
The Company has two reportable segments: Branded CPG and Flavors & Ingredients. In addition, the Company’s corporate office functions are reported and included under Corporate. Corporate is not a reportable or operating segment but is included for reconciliation purposes and includes the costs for the corporate office administrative activities as well as transaction-related and other costs. The Company does not present assets by reportable segments as they are not reviewed by the Chief Operating Decision Maker for purposes of assessing segment performance and allocating resources.
The following table presents selected financial information relating to the Company’s business segments (in thousands):
Three Months Ended Six Months Ended
June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021
Product revenues, net
Branded CPG $ 104,073  $ 99,095  $ 207,834  $ 180,892 
Flavors & Ingredients 29,430  27,398  56,261  51,426 
Total product revenues, net $ 133,503  $ 126,493  $ 264,095  $ 232,318 
Operating income (loss)
Branded CPG $ 5,577  $ 10,258  $ 12,037  $ 20,417 
Flavors & Ingredients 9,023  3,738  16,850  4,710 
14,600  13,996  28,887  25,127 
Corporate (6,910) (8,021) (14,132) (22,216)
Total operating income (loss) $ 7,690  $ 5,975  $ 14,755  $ 2,911 
The following table presents disaggregated revenue information for the Company (in thousands):
Three Months Ended Six Months Ended
June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021
Branded CPG:
North America $ 71,168  $ 66,444  $ 144,248  $ 118,414 
Europe 18,248  20,524  36,256  39,938 
India, Middle East and Africa 4,902  3,612  8,481  6,255 
Asia-Pacific 5,981  5,594  12,043  10,820 
Latin America 3,774  2,921  6,806  5,465 
Flavors & Ingredients 29,430  27,398  56,261  51,426 
Total product revenues, net $ 133,503  $ 126,493  $ 264,095  $ 232,318