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