| Schedule of Selected Financial Information Relating to the Business' Reportable Segments |
The following table presents selected financial information relating to the Company’s business segments (in thousands):
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Three Months Ended |
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Six Months Ended |
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June 30, 2023 |
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June 30, 2022 |
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June 30, 2023 |
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June 30, 2022 |
| Product revenues, net |
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| Branded CPG |
$ |
102,301 |
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|
$ |
104,073 |
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|
$ |
204,311 |
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|
$ |
207,834 |
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| Flavors & Ingredients |
30,601 |
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|
29,430 |
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|
61,008 |
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|
56,261 |
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| Total product revenues, net |
$ |
132,902 |
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|
$ |
133,503 |
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|
$ |
265,319 |
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|
$ |
264,095 |
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| Operating income |
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| Branded CPG |
$ |
1,461 |
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|
$ |
5,577 |
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|
$ |
618 |
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|
$ |
12,037 |
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| Flavors & Ingredients |
9,005 |
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|
9,023 |
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|
18,541 |
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|
16,850 |
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|
10,466 |
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|
14,600 |
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|
19,159 |
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|
28,887 |
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| Corporate |
(7,417) |
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|
(6,910) |
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|
(13,109) |
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|
(14,132) |
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| Total operating income |
$ |
3,049 |
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|
$ |
7,690 |
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$ |
6,050 |
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$ |
14,755 |
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| Summary of Disaggregated Revenue Information |
The following table presents disaggregated revenue information for the Company (in thousands):
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|
Three Months Ended |
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Six Months Ended |
|
June 30, 2023 |
|
June 30, 2022 |
|
June 30, 2023 |
|
June 30, 2022 |
| Branded CPG: |
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| North America |
$ |
69,307 |
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|
$ |
71,168 |
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|
$ |
143,361 |
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$ |
144,248 |
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| Europe |
19,691 |
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|
18,248 |
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|
35,660 |
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|
36,256 |
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| India, Middle East and Africa |
3,986 |
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|
4,902 |
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|
7,139 |
|
|
8,481 |
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| Asia-Pacific |
5,497 |
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|
5,981 |
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|
11,312 |
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|
12,043 |
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| Latin America |
3,820 |
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|
3,774 |
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|
6,839 |
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|
6,806 |
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| Flavors & Ingredients |
30,601 |
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|
29,430 |
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|
61,008 |
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|
56,261 |
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| Total product revenues, net |
$ |
132,902 |
|
|
$ |
133,503 |
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|
$ |
265,319 |
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$ |
264,095 |
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