Annual report pursuant to Section 13 and 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Disaggregation of Revenue
The following table presents the Company’s revenues disaggregated by product categories (in thousands):
Year Ended
December 31, 2023 December 31, 2022 December 31, 2021
Sweeteners and adjacencies $ 426,287  $ 422,638  $ 389,174 
Licorice products 124,626  115,634  104,799 
Total product revenues, net $ 550,913  $ 538,272  $ 493,973 
The following table presents revenues disaggregated by business and geographic region (in thousands):
Year Ended
December 31, 2023 December 31, 2022 December 31, 2021
Branded CPG:
North America $ 305,849  $ 299,871  $ 266,661 
Europe 70,405  67,962  76,392 
India, Middle East and Africa 13,854  17,828  13,363 
Asia-Pacific 21,436  22,371  20,787 
Latin America 14,743  14,606  11,971 
Flavors & Ingredients 124,626  115,634  104,799 
Total product revenues, net $ 550,913  $ 538,272  $ 493,973 
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, 2020
 $ 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
 $ 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
 $ 1,614 
2023 additions charged to revenues, costs and expenses
 2,671 
2023 deductions and other
 (2,825)
Accounts receivable allowance balance at December 31, 2023
 $ 1,460