BUSINESS SEGMENTS |
NOTE 14: BUSINESS SEGMENTS
The Company has two reportable segments: Branded CPG and Flavors & Ingredients. The Branded CPG and Flavors & Ingredients segments are managed and organized through the Company’s indirect and wholly-owned subsidiaries Merisant and Mafco Worldwide, respectively. The Company does not present assets by reportable segments as they are not reviewed by the Chief Operating Decision Maker for purposes of assessing segment performance and allocating resources.
The following table presents selected financial information relating to the Company’s business segments (in thousands):
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From
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From
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From
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Three Months
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Six Months
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June 26, 2020
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April 1, 2020
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January 1, 2020
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Ended
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Ended
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to June 30, 2020
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to June 25, 2020
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to June 25, 2020
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June 30, 2019
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June 30, 2019
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(Successor)
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(Predecessor)
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Product revenues, net
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Branded CPG
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$
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2,551
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$
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40,530
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$
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80,749
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$
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41,323
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$
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82,806
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Flavors & Ingredients
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1,927
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21,826
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47,579
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27,670
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56,488
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Total Product revenues, net
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4,478
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62,356
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128,328
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68,993
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139,294
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Operating (loss) income
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Branded CPG
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(106)
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(5,151)
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(14,463)
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737
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4,517
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Flavors & Ingredients
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(211)
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292
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(23,718)
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5,208
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11,809
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Total operating (loss) income
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$
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(317)
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$
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(4,859)
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$
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(38,181)
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$
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5,945
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$
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16,326
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The following table presents revenues disaggregated by geographic operating segments (in thousands):
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From
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From
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From
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Three Months
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Six Months
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June 26, 2020
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April 1, 2020
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January 1, 2020
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Ended
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Ended
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to June 30, 2020
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to June 25, 2020
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to June 25, 2020
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June 30, 2019
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June 30, 2019
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(Successor)
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(Predecessor)
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Branded CPG:
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North America
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$
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873
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$
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14,678
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$
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29,926
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$
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14,603
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$
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29,751
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Europe, Middle East and Africa
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1,105
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17,389
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35,360
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19,513
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37,946
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Asia-Pacific
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376
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5,357
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9,584
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3,979
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8,709
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Latin America
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197
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3,106
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5,879
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3,228
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6,400
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Flavors & Ingredients
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1,927
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21,826
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47,579
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27,670
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56,488
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Total product revenues, net
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$
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4,478
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$
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62,356
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$
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128,328
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$
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68,993
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$
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139,294
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