Crimson Wine (CWGL) 10-Q 7 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 07, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'
Entity Registrant Name	'Crimson Wine Group, Ltd	'
Entity Central Index Key	'0001562151	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	24,458,368

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$17,530	$13,269
Investments available for sale	14,479	10,470
Accounts receivable, net	4,965	5,144
Inventory	52,071	44,293
Other current assets	1,074	1,055
Deferred tax asset, current	1,852	3,000
Total current assets	91,971	77,231
Property and equipment, net	106,584	109,036
Goodwill	1,053	1,053
Intangible assets and other non-current assets	17,684	18,820
Total assets	217,292	206,140
Current liabilities:	'	'
Accounts payable	7,609	3,896
Accrued compensation related expenses	2,225	2,061
Other accrued expenses	1,892	1,226
Customer deposits	1,563	328
Total current liabilities	13,289	7,511
Deferred rent, non-current	80	'
Deferred tax liability, non-current	1,852	500
Total non-current liabilities	1,932	500
Total liabilities	15,221	8,011
EQUITY	'	'
Common shares, par value $0.01 per share, authorized 150,000,000 shares; 24,458,368 issued and outstanding	245	245
Additional paid-in capital	277,520	277,520
Accumulated other comprehensive loss	-21	-30
Accumulated deficit	-75,673	-79,606
Total equity	202,071	198,129
Total liabilities and equity	$217,292	$206,140

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Condensed Consolidated Balance Sheets [Abstract]	'	'
Common shares, par value	$0.01	$0.01
Common shares, authorized	150,000,000	150,000,000
Common shares, shares issued	24,458,368	24,458,368
Common shares, shares outstanding	24,458,368	24,458,368

Condensed_Consolidated_Income_

Condensed Consolidated Income Statements (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Condensed Consolidated Statements Of Operations [Abstract]	'	'	'	'
Net sales	$12,844	$12,486	$40,412	$39,713
Cost of sales	5,904	6,419	18,273	20,915
Gross profit	6,940	6,067	22,139	18,798
Operating expenses:	'	'	'	'
Sales and marketing	3,188	3,434	9,780	9,040
General and administrative	2,231	2,152	7,020	6,998
Administrative service fees paid to Leucadia National Corporation	0	24	9	84
Total operating expenses	5,419	5,610	16,809	16,122
Net gain on disposals of property and equipment	-44	-23	-1,864	-688
Income from operations	1,565	480	7,194	3,364
Other income (expense):	'	'	'	'
Interest expense	-38	-39	-114	-863
Other income (expense), net	-219	4	-376	232
Total other income (expense), net	-257	-35	-490	-631
Income before income taxes	1,308	445	6,704	2,733
Income tax provision	609	38	2,771	114
Net income	$699	$407	$3,933	$2,619
Basic and fully diluted weighted-average shares outstanding	24,458	24,458	24,458	24,458
Basic and fully diluted earnings per share	$0.03	$0.02	$0.16	$0.11

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Condensed Consolidated Statements Of Comprehensive Income [Abstract]	'	'	'	'
Net income	$699	$407	$3,933	$2,619
Other comprehensive income (loss):	'	'	'	'
Net unrealized holding gains (losses) on investments arising during the period, net of tax	-23	'	9	-44
Comprehensive income	$676	$407	$3,942	$2,575

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Net cash flows from operating activities:	'	'
Net income	$3,933	$2,619
Adjustments to reconcile net income to net cash provided by operations:	'	'
Depreciation and amortization of property and equipment	4,072	3,999
Amortization of intangible assets	1,136	1,136
Leucadia National Corporation and its affiliates interest expense added to principal	'	572
Loss on write-down of inventory	169	'
Net gain related to disposals of property and equipment	-1,864	-688
Deferred rent	80	'
Provision for deferred income taxes	2,500	'
Net change in:	'	'
Accounts receivable	179	-26
Inventory	-7,947	-2,588
Other current assets	-19	21
Other non-current assets	'	-315
Accounts payable and expense accruals	4,543	3,362
Customer deposits	1,235	1,475
Net cash provided by operating activities	8,017	9,567
Net cash flows from investing activities:	'	'
Purchase of investments available for sale	-7,000	-8,750
Redemptions of investments available for sale	3,000	'
Acquisition of property and equipment	-3,744	-5,324
Proceeds from disposals of property and equipment	3,988	1,788
Net cash used for investing activities	-3,756	-12,286
Net cash flows from financing activities:	'	'
Reduction of debt	'	-1,700
Capital contribution by Leucadia National Corporation	'	14,175
Net cash provided by financing activities	'	12,475
Net increase in cash and cash equivalents	4,261	9,756
Cash and cash equivalents at January 1	13,269	5,704
Cash and cash equivalents at September 30	17,530	15,460
Supplemental disclosure of cash flow information:	'	'
Interest	114	202
Income taxes	328	129
Non-cash financing activity:	'	'
Conversion of accrued interest to long-term debt	'	572
Conversion of due to Leucadia National Corporation to equity	'	151,043
Unrealized holding gains (losses) on investments	$9	($44)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Changes In Equity (USD $)	Common Shares $0.01 Par Value [Member]	Additional Paid-In-Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Total
In Thousands
Balance, at Dec. 31, 2012	$245	$112,302	'	($86,714)	$25,833
Net income	'	'	'	2,619	2,619
Other comprehensive income (loss)	'	'	-44	'	-44
Cash capital contribution upon spin-off	'	14,175	'	'	14,175
Debt conversion to equity upon spin-off	'	151,043	'	'	151,043
Balance, at Sep. 30, 2013	245	277,520	-44	-84,095	193,626
Balance, at Dec. 31, 2013	245	277,520	-30	-79,606	198,129
Net income	'	'	'	3,933	3,933
Other comprehensive income (loss)	'	'	9	'	9
Balance, at Sep. 30, 2014	$245	$277,520	($21)	($75,673)	$202,071

Explanatory_Note

Explanatory Note	9 Months Ended
	Sep. 30, 2014
Explanatory Note [Abstract]	'
Explanatory Note	'
	1.Explanatory Note:
	Crimson Wine Group, Ltd. (“Crimson”) is a Delaware company that has been operating since 1991.  As used herein, the term “Company” refers to Crimson and its wholly-owned subsidiaries, except as the context may otherwise require.  Prior to February 25, 2013, Crimson was a wholly-owned subsidiary of Leucadia National Corporation (“Leucadia”).  On February 1, 2013, Leucadia declared a pro rata dividend to Leucadia’s common shareholders of all of the outstanding shares of Crimson’s common stock in a manner that was structured to qualify as a tax-free spin-off for U.S. federal income tax purposes (the “Distribution”).  Leucadia’s common shareholders received one share of Crimson common stock for every ten common shares of Leucadia (24,458,368 Crimson common shares in the aggregate), with cash in lieu of fractional shares, on February 25, 2013.    The consolidated financial statements and notes thereto give retroactive effect to the Distribution for the nine months ended September 30, 2013.
	Crimson qualifies as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act (the “JOBS Act”).  An emerging growth company is defined as a company with total annual gross revenues of less than $1 billion in its most recently completed fiscal year.  An emerging growth company will retain such status until the earliest of: (1) the last day of the fiscal year of the emerging growth company following the fifth anniversary of the date it first sold common equity securities pursuant to an effective registration statement under the Securities Act of 1933, as amended; (2) the last day of the fiscal year in which the emerging growth company first had total annual gross revenues of $1 billion or more (indexed pursuant to the JOBS Act); (3) the date on which the emerging growth company is deemed to be a “large accelerated filer” as defined in Rule 12b-2 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), (i.e., an SEC registered company with a public float of at least $700 million that satisfies other tests); or (4) the date on which the emerging growth company has, within the previous three years, issued more than $1 billion of nonconvertible debt.  Crimson has elected to opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act.  This election is irrevocable.

Significant_Accounting_Policie

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Significant Accounting Policies [Abstract]	'
Significant Accounting Policies	'
	2.Significant Accounting Policies:
	The unaudited interim condensed consolidated financial statements, which reflect all adjustments (consisting of normal recurring items or items discussed herein) that management believes necessary to fairly state results of interim operations, should be read in conjunction with the Notes to Consolidated Financial Statements (including the Significant Accounting Policies) included in the Company’s audited consolidated financial statements for the year ended December 31, 2013, as filed with the Securities and Exchange Commission (the “SEC”) on Form 10-K (the “2013 Report”).  Results of operations for interim periods are not necessarily indicative of annual results of operations.  The condensed consolidated balance sheet at December 31, 2013 was extracted from the audited annual financial statements and does not include all disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for annual financial statements.
	Net gain on the disposal of property and equipment previously reported was reclassified as a component of income from operations to conform with current year's presentation.  The reclassification has no impact on previously reported net income, cash flow or equity.
	Effective January 1, 2013, the Company adopted amended Financial Accounting Standards Board (the “FASB”) guidance for indefinite lived intangible asset impairment testing. The amended guidance allows an entity to assess qualitative factors to determine whether the existence of events and circumstances indicate that it is more likely than not that an indefinite lived intangible asset is impaired. If an entity concludes it is not more likely than not that an indefinite lived intangible asset is impaired, the entity is not required to take further action. If an entity concludes otherwise, then the entity would be required to determine the fair value of the indefinite lived intangible asset and compare the fair value with the carrying amount of the indefinite lived intangible asset. The Company adopted this amended guidance for its annual and interim periods beginning January 1, 2013. The adoption of this amended guidance did not have a significant impact on the Company's consolidated financial statements.
	In April 2014, the FASB issued changes to reporting discontinued operations and disclosure of disposals of components of an entity.  These changes require a disposal of a component to meet a higher threshold in order to be reported as a discontinued operation in an entity’s financial statements.  The threshold is defined as a strategic shift that has, or will have, a major effect on an entity’s operations and financial results such as a disposal of a major geographical area or a major line of business.  Additionally, the following two criteria have been removed from consideration of whether a component meets the requirements for discontinued operations presentation: (i) the operations and cash flows of a disposal component have been or will be eliminated from the ongoing operations of an entity as a result of the disposal transaction, and (ii) an entity will not have any significant continuing involvement in the operations of the disposal component after the disposal transaction. Furthermore, equity method investments now may qualify for discontinued operations presentation. These changes also require expanded disclosures for all disposals of components of an entity, whether or not the threshold for reporting as a discontinued operation is met, related to profit or loss information and/or asset and liability information of the component. These changes become effective for the Company on January 1, 2015. Management has determined that the adoption of these changes will not have an immediate impact on the Company’s consolidated financial statements.
	In May 2014, the FASB issued changes to the recognition of revenue for contracts with customers.  These changes created a comprehensive framework for all entities in all industries to apply in the determination of when to recognize revenue, and, therefore, supersede virtually all existing revenue recognition requirements and guidance. This framework is expected to result in less complex guidance in application while providing a consistent and comparable methodology for revenue recognition. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract(s), (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract(s), and (v) recognize revenue when, or as, the entity satisfies a performance obligation. These changes become effective for the Company on January 1, 2017. Management is currently evaluating the potential impact of these changes on the Company’s consolidated financial statements.
	In August 2014, the FASB issued guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if “conditions or events raise substantial doubt about [the] entity’s ability to continue as a going concern.” These changes apply to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted.  Management has determined that the adoption of these changes will  not have a significant impact on the Company’s consolidated financial statements.

Inventory

Inventory	9 Months Ended
	Sep. 30, 2014
Inventory [Abstract]	'
Inventory	'
	3.Inventory:
	A summary of inventory at September 30, 2014 and December 31, 2013 is as follows (in thousands):
		2014		2013
		(Unaudited)
	Case wine	$	29,794	$	21,667
	Bulk wine		22,040		22,280
	Packaging and bottling supplies		237		346
		$	52,071	$	44,293
	Bulk wine inventory includes cost of growing grapes not yet harvested as of September 30, 2014, all of which will be harvested as of the end of the fiscal year.

Property_And_Equipment

Property And Equipment	9 Months Ended
	Sep. 30, 2014
Property And Equipment [Abstract]	'
Property And Equipment	'
	4.Property and Equipment:
	A summary of property and equipment at September 30, 2014 and December 31, 2013 is as follows (in thousands):
		Depreciable Lives	2014		2013
		(in years)	(Unaudited)
	Land and improvements	N/A	$	39,497	$	41,580
	Buildings and improvements	20-40		44,550		44,446
	Vineyards and improvements	25-Jul		35,692		35,178
	Winery and vineyard equipment	25-Mar		24,152		24,270
	Caves	20-40		5,638		5,638
	Vineyards under development	N/A		1,744		1,338
	Construction in progress	N/A		2,363		311
				153,636		152,761
	Accumulated depreciation and amortization			-47,052		-43,725
			$	106,584	$	109,036
	For the nine months ended September 30, 2014 and 2013, depreciation expense was $4,072,000 and $3,999,000, respectively, with $3,418,000 and $3,369,000, respectively, capitalized into inventory and $654,000 and $630,000, respectively, charged to the consolidated income statements.
	For the three months ended September 30, 2014 and 2013, depreciation expense was $1,344,000 and $1,301,000, respectively, with $1,125,000 and $1,089,000, respectively, capitalized into inventory and $219,000 and $212,000, respectively, charged to the consolidated income statements.

Financial_Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2014
Financial Instruments [Abstract]	'
Financial Instruments	'
	5.Financial Instruments:
	The Company’s material financial instruments include cash and cash equivalents and investments classified as available for sale; investments classified as available for sale are the only assets or liabilities that are measured at fair value on a recurring basis.  All of the Company’s investments mature within three years or less.  The par value, amortized cost, gross unrealized gains and losses and estimated fair value of investments classified as available for sale as of September 30, 2014 and December 31, 2013 are as follows (in thousands):
		Par Value		Amortized Cost		Gross Unrealized Losses		Quoted Prices in Active Markets for Identical Assets		Total Fair Value Measurements
								(Level 1)
	30-Sep-14
	Certificates of Deposit	$	14,500	$	14,500	$	-21	$	14,479	$	14,479
	31-Dec-13
	Certificates of Deposit	$	10,500	$	10,500	$	-30	$	10,470	$	10,470
	As of September 30, 2014 and December 31, 2013, the Company did not have any assets or liabilities measured at fair value on a nonrecurring basis.
	For cash and cash equivalents, the carrying amounts of such financial instruments approximate their fair values.
	The Company does not invest in any derivatives or engage in any hedging activities.

Intangible_Assets_And_Other_No

Intangible Assets And Other Non-Current Assets	9 Months Ended
	Sep. 30, 2014
Intangible Assets And Other Non-Current Assets [Abstract]	'
Intangible Assets And Other Non-Current Assets	'
	6.Intangible and Other Non-Current Assets:
	A summary of intangible and other non-current assets at September 30, 2014 and December 31, 2013 is as follows (in thousands):
		2014		2013
		(Unaudited)
	Brand, net of accumulated amortization of $3,431 and $2,659	$	14,069	$	14,841
	Distributor relationships, net of accumulated amortization of $619 and $480		1,981		2,120
	Customer relationships, net of accumulated amortization of $905 and $700		995		1,200
	Legacy permits, net of accumulated amortization of $60 and $46		190		204
	Other, net of accumulated amortization of $60 and $54		449		455
		$	17,684	$	18,820
	Amortization expense on intangible assets was $1,136,000 and $379,000 for each of the nine and three month periods ended September 30,  2014 and 2013, respectively.  The estimated aggregate future amortization expense for the intangible assets is $378,000 for the remainder of 2014 and $1,514,000 for each of the four years after 2014.

Due_To_Leucadia_And_Its_Affili

Due To Leucadia And Its Affiliates	9 Months Ended
	Sep. 30, 2014
Due To Leucadia And Its Affiliates [Abstract]	'
Due To Leucadia And Its Affiliates	'
	7.Due to Leucadia and its Affiliates:
	On February 25, 2013, the remaining balance of $151,043,000 due to Leucadia and its affiliates was contributed by Leucadia to the capital of the Company.  Interest expense related to Leucadia and its affiliates was zero and $783,000 for the nine months ended September 30, 2014 and 2013, respectively.
	Effective March 1, 2013, the Company entered into an administrative service agreement with Leucadia.  Pursuant to this agreement, Leucadia provided certain administrative, SEC, tax filing and accounting services, including providing the services of the Company’s Corporate Secretary, for a monthly fee of $15,000.
	Effective August 1, 2013, Leucadia and the Company agreed to amend the administrative service agreement to reduce the administrative services provided to the Company by Leucadia and correspondingly reduce the monthly fee from $15,000 to $4,500.  The amendment also provided that the administrative services agreement would terminate in full in February 2014, which it did.  Administrative services fees expense was $9,000 and $84,000 for the nine month periods ended September 30, 2014 and 2013, respectively, and zero and $24,000 for the three month periods ended September 30, 2014 and 2013, respectively.
	In March 2013, pursuant to the separation agreement entered into with Leucadia, Leucadia paid $14,175,000 to Crimson as a capital contribution.  No additional capital contributions from Leucadia are required or anticipated to be made.

Debt

Debt	9 Months Ended
	Sep. 30, 2014
Debt [Abstract]	'
Debt	'
	8. Debt:
	In March 2013, Crimson entered into a $60,000,000 revolving credit facility with American AgCredit, FLCA, as agent for the lenders identified in the revolving credit facility, comprised of a revolving loan facility and a term revolving loan facility, which together is secured by substantially all of Crimson’s assets.  The revolving credit facility is for up to $10,000,000 of availability in the aggregate for a five year term, and the term revolving credit facility is for up to $50,000,000 in the aggregate.  All obligations of Crimson under the revolving credit facility are collateralized by certain real property, including vineyards and certain winery facilities of Crimson, accounts receivable, inventory and intangible assets.  Covenants include the maintenance of specified debt and equity ratios, limitations on the incurrence of additional indebtedness, limitations on dividends and other distributions to shareholders and restrictions on certain mergers, consolidations and sales of assets.  In addition to unused line fees ranging from 0.25% to 0.375%, rates for the borrowings are priced based on a performance grid tied to certain financial ratios and the London Interbank Offered Rate, and would have been 1.657% to 1.955% at September 30, 2014.  The revolving credit facility can be used to fund acquisitions, capital projects and other general corporate purposes.  No amounts have been borrowed under the facility to date.

Stockholders_Equity

Stockholderbs Equity	9 Months Ended
	Sep. 30, 2014
Stockholderbs Equity [Abstract]	'
Stockholderbs Equity	'
	9. Stockholders’ Equity:
	In March 2014, the Board of Directors of Crimson authorized a share repurchase program that provides for the repurchase of up to $2,000,000 of outstanding common stock.  At September 30, 2014, no stock had been repurchased.

Revenues_And_Gross_Profit

Revenues And Gross Profit	9 Months Ended
	Sep. 30, 2014
Revenues And Gross Profit [Abstract]	'
Revenues And Gross Profit	'
	10.Revenues and Gross Profit:
	The Company generates revenues from sales of wine to wholesalers and direct to consumers, sales of bulk wine and grapes, special event fees, tasting fees and retail sales.  Revenues and gross profit for the three and nine months ended September 30, 2014 and 2013 are as follows (in thousands):
		Three months ended				Nine months ended
		September 30,				September 30,
		2014		2013		2014		2013
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
	Revenues:
	Wholesalers	$	7,450	$	7,513	$	24,228	$	24,178
	Direct to consumers		4,280		3,795		13,728		12,916
	Bulk wine and grape sales, event fees and retail sales		1,114		1,178		2,456		2,619
		$	12,844	$	12,486	$	40,412	$	39,713
	Gross profit:
	Wholesalers	$	3,725	$	3,323	$	12,016	$	10,682
	Direct to consumers		3,087		2,409		9,585		7,980
	Bulk wine and grape sales, event fees and retail sales		297		335		707		136
	Inventory write-down		-169		-		-169		-
		$	6,940	$	6,067	$	22,139	$	18,798
	Excise taxes of $220,000 and $225,000 for the three months ended September 30, 2014 and 2013, respectively, and $748,000 and $731,000 for the nine months ended September 30, 2014 and 2013, respectively, were recognized as a reduction to wine sales.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	11.Income Taxes:
	The Company does not have any amounts in its consolidated balance sheet for unrecognized tax benefits related to uncertain tax positions at September 30, 2014 and December 31, 2013.  As discussed in the 2013 Report, the Company will not be required to reimburse Leucadia for any payments made by Leucadia for adjustments to taxable periods prior to the Distribution, nor will the Company be entitled to any refunds for adjustments to taxable periods prior to the Distribution.  The Company is responsible for any adjustments or liabilities related to its California state income tax return for all periods, and its Federal income tax return for all periods subsequent to the Distribution.  The statute of limitations with respect to California state income tax returns has expired for all years through 2008.

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2014
Subsequent Event [Abstract]	'
Subsequent Event	'
	12.Subsequent Event:
	During the third quarter of 2014, the Company entered into an agreement to purchase approximately 24 gross acres of land, with approximately 20 acres of plantable land, with vineyards, improvements and a home located in Sonoma County, California for a price of $2,600,000.00 payable in cash.  Included in the plantable acres is approximately 13 acres of land planted in or about 1916 that has produced fruit historically bottled in high value “Old Vine” Zinfandel programs.  The transaction closed subsequent to September 30, 2014 and prior to the issuance of the third quarter financial statements.
	Subsequent to September 30, 2014, the Company announced the resignation of the President and Chief Executive Officer and a Severance Agreement and General Release of All Claims in which the Company agreed to pay severance in an amount equal to $750,000 in exchange for a customary general release.  The agreement was entered into prior to the issuance of the third quarter financial statements.

Significant_Accounting_Policie1

Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 30, 2014
Significant Accounting Policies [Abstract]	'
Critical Accounting Estimates	'
	The unaudited interim condensed consolidated financial statements, which reflect all adjustments (consisting of normal recurring items or items discussed herein) that management believes necessary to fairly state results of interim operations, should be read in conjunction with the Notes to Consolidated Financial Statements (including the Significant Accounting Policies) included in the Company’s audited consolidated financial statements for the year ended December 31, 2013, as filed with the Securities and Exchange Commission (the “SEC”) on Form 10-K (the “2013 Report”).  Results of operations for interim periods are not necessarily indicative of annual results of operations.  The condensed consolidated balance sheet at December 31, 2013 was extracted from the audited annual financial statements and does not include all disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for annual financial statements.
	Net gain on the disposal of property and equipment previously reported was reclassified as a component of income from operations to conform with current year's presentation.  The reclassification has no impact on previously reported net income, cash flow or equity.
Indefinite Lived Intangible Asset Impairment Testing	'
	Effective January 1, 2013, the Company adopted amended Financial Accounting Standards Board (the “FASB”) guidance for indefinite lived intangible asset impairment testing. The amended guidance allows an entity to assess qualitative factors to determine whether the existence of events and circumstances indicate that it is more likely than not that an indefinite lived intangible asset is impaired. If an entity concludes it is not more likely than not that an indefinite lived intangible asset is impaired, the entity is not required to take further action. If an entity concludes otherwise, then the entity would be required to determine the fair value of the indefinite lived intangible asset and compare the fair value with the carrying amount of the indefinite lived intangible asset. The Company adopted this amended guidance for its annual and interim periods beginning January 1, 2013. The adoption of this amended guidance did not have a significant impact on the Company's consolidated financial statements.
Discontinued Operations	'
	In April 2014, the FASB issued changes to reporting discontinued operations and disclosure of disposals of components of an entity.  These changes require a disposal of a component to meet a higher threshold in order to be reported as a discontinued operation in an entity’s financial statements.  The threshold is defined as a strategic shift that has, or will have, a major effect on an entity’s operations and financial results such as a disposal of a major geographical area or a major line of business.  Additionally, the following two criteria have been removed from consideration of whether a component meets the requirements for discontinued operations presentation: (i) the operations and cash flows of a disposal component have been or will be eliminated from the ongoing operations of an entity as a result of the disposal transaction, and (ii) an entity will not have any significant continuing involvement in the operations of the disposal component after the disposal transaction. Furthermore, equity method investments now may qualify for discontinued operations presentation. These changes also require expanded disclosures for all disposals of components of an entity, whether or not the threshold for reporting as a discontinued operation is met, related to profit or loss information and/or asset and liability information of the component. These changes become effective for the Company on January 1, 2015. Management has determined that the adoption of these changes will not have an immediate impact on the Company’s consolidated financial statements.
Revenue Recognition	'
	In May 2014, the FASB issued changes to the recognition of revenue for contracts with customers.  These changes created a comprehensive framework for all entities in all industries to apply in the determination of when to recognize revenue, and, therefore, supersede virtually all existing revenue recognition requirements and guidance. This framework is expected to result in less complex guidance in application while providing a consistent and comparable methodology for revenue recognition. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract(s), (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract(s), and (v) recognize revenue when, or as, the entity satisfies a performance obligation. These changes become effective for the Company on January 1, 2017. Management is currently evaluating the potential impact of these changes on the Company’s consolidated financial statements.
Recent Accounting Pronouncements	'
	In August 2014, the FASB issued guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if “conditions or events raise substantial doubt about [the] entity’s ability to continue as a going concern.” These changes apply to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted.  Management has determined that the adoption of these changes will  not have a significant impact on the Company’s consolidated financial statements.

Inventory_Tables

Inventory (Tables)	9 Months Ended
	Sep. 30, 2014
Inventory [Abstract]	'
Summary Of Inventory	'
		2014		2013
		(Unaudited)
	Case wine	$	29,794	$	21,667
	Bulk wine		22,040		22,280
	Packaging and bottling supplies		237		346
		$	52,071	$	44,293

Property_And_Equipment_Tables

Property And Equipment (Tables)	9 Months Ended
	Sep. 30, 2014
Property And Equipment [Abstract]	'
Summary Of Property And Equipment	'
		Depreciable Lives	2014		2013
		(in years)	(Unaudited)
	Land and improvements	N/A	$	39,497	$	41,580
	Buildings and improvements	20-40		44,550		44,446
	Vineyards and improvements	25-Jul		35,692		35,178
	Winery and vineyard equipment	25-Mar		24,152		24,270
	Caves	20-40		5,638		5,638
	Vineyards under development	N/A		1,744		1,338
	Construction in progress	N/A		2,363		311
				153,636		152,761
	Accumulated depreciation and amortization			-47,052		-43,725
			$	106,584	$	109,036

Financial_Instruments_Tables

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Financial Instruments [Abstract]	'
Schedule Of Available For Sale Securities	'
		Par Value		Amortized Cost		Gross Unrealized Losses		Quoted Prices in Active Markets for Identical Assets		Total Fair Value Measurements
								(Level 1)
	30-Sep-14
	Certificates of Deposit	$	14,500	$	14,500	$	-21	$	14,479	$	14,479
	31-Dec-13
	Certificates of Deposit	$	10,500	$	10,500	$	-30	$	10,470	$	10,470

Intangible_Assets_And_Other_No1

Intangible Assets And Other Non-Current Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Intangible Assets And Other Non-Current Assets [Abstract]	'
Summary Of Intangible Assets	'
		2014		2013
		(Unaudited)
	Brand, net of accumulated amortization of $3,431 and $2,659	$	14,069	$	14,841
	Distributor relationships, net of accumulated amortization of $619 and $480		1,981		2,120
	Customer relationships, net of accumulated amortization of $905 and $700		995		1,200
	Legacy permits, net of accumulated amortization of $60 and $46		190		204
	Other, net of accumulated amortization of $60 and $54		449		455
		$	17,684	$	18,820

Revenues_And_Gross_Profit_Tabl

Revenues And Gross Profit (Tables)	9 Months Ended
	Sep. 30, 2014
Revenues And Gross Profit [Abstract]	'
Summary Of Revenues And Gross Profit	'
		Three months ended				Nine months ended
		September 30,				September 30,
		2014		2013		2014		2013
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
	Revenues:
	Wholesalers	$	7,450	$	7,513	$	24,228	$	24,178
	Direct to consumers		4,280		3,795		13,728		12,916
	Bulk wine and grape sales, event fees and retail sales		1,114		1,178		2,456		2,619
		$	12,844	$	12,486	$	40,412	$	39,713
	Gross profit:
	Wholesalers	$	3,725	$	3,323	$	12,016	$	10,682
	Direct to consumers		3,087		2,409		9,585		7,980
	Bulk wine and grape sales, event fees and retail sales		297		335		707		136
	Inventory write-down		-169		-		-169		-
		$	6,940	$	6,067	$	22,139	$	18,798

Explanatory_Note_Details

Explanatory Note (Details)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2014	Dec. 31, 2013
Explanatory Note [Abstract]	'	'	'
Number of shares exchanged per one share issued	10	'	'
Shares outstanding	24,458,368	24,458,368	24,458,368

Inventory_Details

Inventory (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory [Line Items]	'	'
Inventory	$52,071	$44,293
Case Wine [Member]	'	'
Inventory [Line Items]	'	'
Inventory	29,794	21,667
Bulk Wine [Member]	'	'
Inventory [Line Items]	'	'
Inventory	22,040	22,280
Packaging And Bottling Supplies [Member]	'	'
Inventory [Line Items]	'	'
Inventory	$237	$346

Property_And_Equipment_Narrati

Property And Equipment (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Property And Equipment [Abstract]	'	'	'	'
Depreciation expense	$1,344	$1,301	$4,072	$3,999
Depreciation capitalized into inventory	1,125	1,089	3,418	3,369
Depreciation charged to Statement of Operations	$219	$212	$654	$630

Property_And_Equipment_Summary

Property And Equipment (Summary Of Property And Equipment) (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	153,636	152,761
Accumulated depreciation and amortization	-47,052	-43,725
Property and equipment, net	106,584	109,036
Land And Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	39,497	41,580
Buildings And Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	44,550	44,446
Vineyards And Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	35,692	35,178
Winery And Vineyard Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	24,152	24,270
Caves [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	5,638	5,638
Vineyards Under Development [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	1,744	1,338
Construction In Progress [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	2,363	311
Minimum [Member] | Buildings And Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable Lives	'20 years	'20 years
Minimum [Member] | Vineyards And Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable Lives	'7 years	'7 years
Minimum [Member] | Winery And Vineyard Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable Lives	'3 years	'3 years
Minimum [Member] | Caves [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable Lives	'20 years	'20 years
Maximum [Member] | Buildings And Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable Lives	'40 years	'40 years
Maximum [Member] | Vineyards And Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable Lives	'25 years	'25 years
Maximum [Member] | Winery And Vineyard Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable Lives	'25 years	'25 years
Maximum [Member] | Caves [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciable Lives	'40 years	'40 years

Financial_Instruments_Narrativ

Financial Instruments (Narrative) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014
In Thousands, unless otherwise specified	Nonrecurring Basis [Member]	Nonrecurring Basis [Member]	Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'
Investment maturity period	'	'	'3 years
Assets measured at fair value	$0	$0	'
Liabilities measured at fair value	$0	$0	'

Financial_Instruments_Schedule

Financial Instruments (Schedule Of Available For Sale Securities) (Details) (Certificates Of Deposit [Member], USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Par Value	$14,500	$10,500
Amortized Cost	14,500	10,500
Gross Unrealized Losses	-21	-30
Fair Value Measurements	14,479	10,470
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fair Value Measurements	$14,479	$10,470

Intangible_Assets_And_Other_No2

Intangible Assets And Other Non-Current Assets (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Intangible Assets And Other Non-Current Assets [Abstract]	'	'	'	'
Amortization expense on intangible assets	$379	$379	$1,136	$1,136
Future amortization expense, remainder of 2014	378	'	378	'
Future amortization expense, 2015	1,514	'	1,514	'
Future amortization expense, 2016	1,514	'	1,514	'
Future amortization expense, 2017	1,514	'	1,514	'
Future amortization expense, 2018	$1,514	'	$1,514	'

Intangible_Assets_And_Other_No3

Intangible Assets And Other Non-Current Assets (Summary Of Intangible Assets) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible assets	$17,684	$18,820
Brand [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible assets	14,069	14,841
Accumulated amortization	3,431	2,659
Distribution Relationships [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible assets	1,981	2,120
Accumulated amortization	619	480
Customer Relationships [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible assets	995	1,200
Accumulated amortization	905	700
Legacy Permits [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible assets	190	204
Accumulated amortization	60	46
Other [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible assets	449	455
Accumulated amortization	$60	$54

Due_To_Leucadia_And_Its_Affili1

Due To Leucadia And Its Affiliates (Details) (USD $)	1 Months Ended		3 Months Ended		5 Months Ended	9 Months Ended
	Aug. 31, 2013	Mar. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Jul. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Feb. 25, 2013
Due To Leucadia And Its Affiliates [Abstract]	'	'	'	'	'	'	'	'
Leucadia debt connected with acquisition	'	'	'	'	'	'	'	$151,043,000
Administrative service fees paid to Leucadia National Corporation	'	'	0	24,000	'	9,000	84,000	'
Monthly administrative services fees to Leucadia National Corporation	4,500	'	'	'	15,000	'	'	'
Interest expense related to Leucadia and its affiliates	'	'	'	'	'	0	783,000	'
Capital contribution by Leucadia National Corporation	'	$14,175,000	'	'	'	'	$14,175,000	'

Debt_Details

Debt (Details) (USD $)	9 Months Ended		1 Months Ended		9 Months Ended
	Sep. 30, 2014	Mar. 31, 2013	Mar. 31, 2013	Mar. 31, 2013	Sep. 30, 2014	Sep. 30, 2014
			Revolving Credit Facility A [Member]	Revolving Credit Facility B [Member]	Minimum [Member]	Maximum [Member]
Line of Credit Facility [Line Items]	'	'	'	'	'	'
Credit facility borrowing capacity	'	$60,000,000	$10,000,000	$50,000,000	'	'
Credit facility term	'	'	'5 years	'	'	'
Commitment fees percentage	'	'	'	'	0.25%	0.38%
Lower interest rate if there were outstanding amounts	1.66%	'	'	'	'	'
Higher interest rate if there were outstanding amounts	1.96%	'	'	'	'	'
Amounts borrowed	$0	'	'	'	'	'

Stockholders_Equity_Details

Stockholderbs Equity (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2014
In Millions, unless otherwise specified
Stockholderbs Equity [Abstract]	'	'
Share repurchase program amount authorized	'	$2
Shares repurchased	0	'

Revenues_And_Gross_Profit_Deta

Revenues And Gross Profit (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues And Gross Profit [Line Items]	'	'	'	'
Revenues	$12,844	$12,486	$40,412	$39,713
Inventory write-down	-169	'	-169	'
Gross profit	6,940	6,067	22,139	18,798
Excise taxes	220	225	748	731
Wholesalers [Member]	'	'	'	'
Revenues And Gross Profit [Line Items]	'	'	'	'
Revenues	7,450	7,513	24,228	24,178
Gross profit	3,725	3,323	12,016	10,682
Direct to Consumers [Member]	'	'	'	'
Revenues And Gross Profit [Line Items]	'	'	'	'
Revenues	4,280	3,795	13,728	12,916
Gross profit	3,087	2,409	9,585	7,980
Bulk Wine And Grape Sales, Event Fees And Retail Sales [Member]	'	'	'	'
Revenues And Gross Profit [Line Items]	'	'	'	'
Revenues	1,114	1,178	2,456	2,619
Gross profit	$297	$335	$707	$136

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	9 Months Ended		1 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Nov. 07, 2014
			Subsequent Event [Member]
			acre
Subsequent Event [Line Items]	'	'	'
Gross acres of land	'	'	24
Acreage of plantable land	'	'	20
Acquisition of property and equipment	$3,744	$5,324	$2,600
Acreage currently planted	'	'	13
Severance	'	'	$750