Annual report pursuant to Section 13 and 15(d)

BUSINESS SEGMENTS (Tables)

v3.22.0.1
BUSINESS SEGMENTS (Tables)
12 Months Ended
Dec. 31, 2021
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):
(Successor) (Predecessor)
Year Ended December 31, 2021 From June 26, 2020 to December 31, 2020 From January 1, 2020 to
June 25, 2020
Year Ended December 31, 2019
Product revenues, net
Branded CPG $ 389,174  $ 96,857  $ 80,749  $ 165,863 
Flavors & Ingredients 104,799  50,311  47,579  106,260 
Total product revenues, net $ 493,973  $ 147,168  $ 128,328  $ 272,123 
Operating income (loss)
Branded CPG $ 34,918  $ 13,463  $ (5,055) $ 19,800 
Flavors & Ingredients 21,860  (2,645) (23,718) 19,396 
56,778  10,818  (28,773) 39,196 
Corporate (33,962) (16,924) (9,408) (9,520)
Total operating income (loss) $ 22,816  $ (6,106) $ (38,181) $ 29,676 
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):
(Successor) (Predecessor)
Year Ended December 31, 2021 From June 26, 2020 to December 31, 2020 From January 1, 2020 to
June 25, 2020
Year Ended December 31, 2019
North America $ 318,958  $ 63,386  $ 54,253  $ 104,788 
Europe 96,013  45,608  42,776  93,508 
India, Middle East and Africa 14,801  6,996  3,959  12,888 
Asia-Pacific 51,598  24,350  20,834  46,845 
Latin America 12,603  6,828  6,506  14,094 
Total product revenues, net $ 493,973  $ 147,168  $ 128,328  $ 272,123 
Summary of Long-Lived Assets Disaggregated by Geographic Operating Segments Long-lived assets are as follows (in thousands):
December 31, 2021 December 31, 2020
Long-Lived Assets*
United States $ 24,327  $ 14,798 
China 15,620  14,207 
Czech Republic 6,074  6,070 
France 11,353  11,076 
Other Foreign Countries 1,129  1,134 
Total $ 58,503  $ 47,285 
*Long-lived assets consist of property, plant and equipment, net