Annual report pursuant to Section 13 and 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.4
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Disaggregation of Revenue
The following table presents the Company’s revenues disaggregated by product categories (in thousands):
(Successor) (Predecessor)
Year Ended December 31, 2022 Year Ended December 31, 2021 From June 26, 2020 to December 31, 2020 From January 1, 2020 to
June 25, 2020
Sweeteners and adjacencies $ 422,638  $ 389,174  $ 96,857  $ 80,749 
Licorice products 115,634  104,799  50,311  47,579 
Total product revenues, net $ 538,272  $ 493,973  $ 147,168  $ 128,328 
The following table presents revenues disaggregated by business and geographic region (in thousands):
(Successor) (Predecessor)
Year Ended December 31, 2022 Year Ended December 31, 2021 From June 26, 2020 to December 31, 2020 From January 1, 2020 to
June 25, 2020
Branded CPG:
North America $ 299,871  $ 266,661  $ 40,273  $ 29,926 
Europe 67,962  76,392  35,384  31,838 
India, Middle East and Africa 17,828  13,363  6,727  3,778 
Asia-Pacific 22,371  20,787  8,172  9,328 
Latin America 14,606  11,971  6,301  5,879 
Flavors & Ingredients 115,634  104,799  50,311  47,579 
Total product revenues, net $ 538,272  $ 493,973  $ 147,168  $ 128,328 
Accounts Receivable, Allowance for Credit Loss
A summary of the activity with respect to the accounts receivable allowances is as follows (in thousands):
Accounts receivable allowance balance at December 31, 2019 (Predecessor) $ 2,833 
January 1, 2020 to June 25, 2020 additions charged to revenues, costs and expenses 759 
January 1, 2020 to June 25, 2020 deductions and other (2,148)
Accounts receivable allowance balance at June 25, 2020 (Predecessor) $ 1,444 
June 26, 2020 to December 31, 2020 additions charged to revenues, costs and expenses 709 
June 26, 2020 to December 31, 2020 deductions and other (1,198)
Accounts receivable allowance balance at December 31, 2020 (Successor) $ 955 
2021 additions charged to revenues, costs and expenses 1,783 
2021 deductions and other (1,453)
Accounts receivable allowance balance at December 31, 2021 (Successor) $ 1,285 
2022 additions charged to revenues, costs and expenses 2,711 
2022 deductions and other (2,382)
Accounts receivable allowance balance at December 31, 2022 (Successor) $ 1,614