Annual report pursuant to Section 13 and 15(d)

BUSINESS SEGMENTS (Tables)

v3.24.0.1
BUSINESS SEGMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
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):
Year Ended
December 31, 2023 December 31, 2022 December 31, 2021
Product revenues, net
Branded CPG $ 426,287  $ 422,638  $ 389,174 
Flavors & Ingredients 124,626  115,634  104,799 
Total product revenues, net $ 550,913  $ 538,272  $ 493,973 
Operating income (loss)
Branded CPG $ 8,167  $ (30,182) $ 34,918 
Flavors & Ingredients 35,681  32,505  21,860 
43,848  2,323  56,778 
Corporate (28,453) (26,969) (33,962)
Total operating income (loss)
$ 15,395  $ (24,646) $ 22,816 
Summary of Revenues Disaggregated by Geographic Operating Segments
The following table presents geographic information based upon revenues of the Company’s major geographic markets (in thousands):
Year Ended
December 31, 2023 December 31, 2022 December 31, 2021
North America $ 366,207  $ 357,175  $ 318,958 
Europe 95,095  92,272  96,013 
India, Middle East and Africa 16,201  19,940  14,801 
Asia-Pacific 57,731  53,300  51,598 
Latin America 15,679  15,585  12,603 
Total product revenues, net $ 550,913  $ 538,272  $ 493,973 
Summary of Long-Lived Assets Disaggregated by Geographic Operating Segments
Long-lived assets are as follows (in thousands):
December 31, 2023 December 31, 2022
Long-Lived Assets*
United States $ 20,990  $ 24,516 
China 14,421  14,805 
Czech Republic 6,355  6,451 
France 12,079  10,960 
Other Foreign Countries 1,092  1,360 
Total $ 54,937  $ 58,092 
*Long-lived assets consist of property, plant and equipment, net