| BUSINESS SEGMENTS |
NOTE 16: 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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(Successor) |
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(Predecessor) |
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Three Months Ended
September 30, 2020 |
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From
June 26, 2020 to September 30, 2020 |
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From
January 1, 2020 to June 25, 2020
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Three Months Ended
September 30, 2019 |
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Nine Months Ended
September 30, 2019 |
| Product revenues, net |
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| Branded CPG |
$ |
41,006 |
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$ |
43,557 |
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$ |
80,749 |
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$ |
40,292 |
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$ |
123,098 |
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| Flavors & Ingredients |
25,996 |
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27,923 |
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47,579 |
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23,768 |
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80,256 |
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| Total product revenues, net |
$ |
67,002 |
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$ |
71,480 |
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$ |
128,328 |
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$ |
64,060 |
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$ |
203,354 |
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| Operating income (loss) |
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| Branded CPG |
$ |
1,499 |
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$ |
1,393 |
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$ |
(14,463) |
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$ |
3,186 |
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$ |
7,703 |
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| Flavors & Ingredients |
(435) |
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(646) |
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(23,718) |
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4,667 |
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16,476 |
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| Total operating income (loss) |
$ |
1,064 |
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$ |
747 |
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$ |
(38,181) |
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$ |
7,853 |
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$ |
24,179 |
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The following table presents revenues disaggregated by geographic operating segments (in thousands):
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(Successor) |
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(Predecessor) |
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Three Months Ended
September 30, 2020 |
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From
June 26, 2020 to September 30, 2020 |
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From
January 1, 2020 to June 25, 2020
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Three Months Ended
September 30, 2019 |
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Nine Months Ended
September 30, 2019 |
| Branded CPG: |
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| North America |
$ |
14,642 |
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$ |
15,515 |
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$ |
29,926 |
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$ |
15,203 |
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$ |
44,967 |
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| Europe, Middle East and Africa |
19,092 |
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20,197 |
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35,360 |
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17,080 |
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55,013 |
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| Asia-Pacific |
3,924 |
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4,300 |
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9,584 |
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4,835 |
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13,544 |
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| Latin America |
3,348 |
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3,545 |
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5,879 |
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3,174 |
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9,574 |
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| Flavors & Ingredients |
25,996 |
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27,923 |
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47,579 |
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23,768 |
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80,256 |
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| Total product revenues, net |
$ |
67,002 |
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$ |
71,480 |
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$ |
128,328 |
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$ |
64,060 |
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$ |
203,354 |
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