Crimson Wine (CWGL) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 05, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016
Entity Registrant Name	Crimson Wine Group, Ltd
Entity Central Index Key	1,562,151
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		24,093,064

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 10,164	$ 18,333
Investments available for sale	23,861	25,423
Accounts receivable, net	4,456	6,121
Inventory	57,724	55,636
Other current assets	1,400	1,851
Total current assets	97,605	107,364
Property and equipment, net	117,319	111,635
Goodwill	1,196	1,053
Intangible assets and other non-current assets	15,569	15,894
Total non-current assets	134,084	128,582
Total assets	231,689	235,946
Current liabilities:
Accounts payable	1,202	3,936
Accrued compensation related expenses	1,903	2,504
Other accrued expenses	2,162	2,584
Customer deposits	547	385
Current portion of long-term debt, net of unamortized loan fees	633	633
Total current liabilities	6,447	10,042
Long-term debt, net of current portion and unamortized loan fees	14,965	15,282
Deferred rent, non-current	107	120
Deferred tax liability	4,039	3,642
Total non-current liabilities	19,111	19,044
Total liabilities	25,558	29,086
Equity
Common shares, par value $0.01 per share, authorized 150,000,000 shares; 24,115,807 and 24,4306,556 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	241	243
Additional paid-in capital	277,520	277,520
Accumulated other comprehensive income (loss)	75	(47)
Accumulated deficit	(71,705)	(70,856)
Total equity	206,131	206,860
Total liabilities and equity	$ 231,689	$ 235,946

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Condensed Consolidated Balance Sheets [Abstract]
Common shares, par value	$ 0.01	$ 0.01
Common shares, shares authorized	150,000,000	150,000,000
Common shares, shares issued	24,115,807	24,306,556
Common shares, shares outstanding	24,115,807	24,306,556

Condensed Consolidated Income S

Condensed Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Consolidated Statements Of Operations [Abstract]
Net sales	$ 15,235	$ 14,791	$ 30,789	$ 28,508
Cost of sales	7,669	6,702	15,568	12,738
Gross profit	7,566	8,089	15,221	15,770
Operating expenses:
Sales and marketing	3,878	3,398	7,835	6,573
General and administrative	2,624	2,618	5,795	5,191
Total operating expenses	6,502	6,016	13,630	11,764
Net loss (gain) on disposal of property and equipment	28	(83)	22	(100)
Income from operations	1,036	2,156	1,569	4,106
Other income (expense):
Interest expense	(214)	(38)	(446)	(76)
Other income, net	101	181	171	194
Total other income (expense), net	(113)	143	(275)	118
Income before income taxes	923	2,299	1,294	4,224
Income tax provision	409	757	549	1,608
Net income	$ 514	$ 1,542	$ 745	$ 2,616
Basic and fully diluted weighted-average shares outstanding	24,155	24,458	24,205	24,458
Basic and fully diluted earnings per share	$ 0.02	$ 0.06	$ 0.03	$ 0.11

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 514	$ 1,542	$ 745	$ 2,616
Other comprehensive income (loss):
Net unrealized holding gains (losses) on investments arising during the period, net of tax	26	(8)	122	53
Comprehensive income	$ 540	$ 1,534	$ 867	$ 2,669

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Net cash flows from operating activities:
Net income	$ 745	$ 2,616
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization of property and equipment	3,323	2,910
Amortization of intangible assets	778	757
Amortization of loan fees	3
Loss on write-down of inventory	314	180
Provision for doubtful accounts		17
Net loss (gain) on disposal of property and equipment	22	(100)
Deferred rent	(9)	(1)
Provision for deferred income taxes	331	1,064
Net change in operating assets and liabilities:
Accounts receivable	1,897	1,531
Inventory	1,827	(829)
Other current assets	451	(119)
Other non-current assets	147	12
Accounts payable and expense accruals	(4,636)	(2,712)
Customer deposits	162	142
Net cash provided by operating activities	5,355	5,468
Net cash flows from investing activities:
Acquisition of Seven Hillls Winery	(7,320)
Purchase of investments available for sale	(3,000)	(1,750)
Redemptions of investments available for sale	4,750	2,500
Acquisition of property and equipment	(6,066)	(3,629)
Proceeds from disposals of property and equipment	28	106
Net cash used in investing activities	(11,608)	(2,773)
Net cash flows from financing activities:
Principal payments on long-term debt	(320)
Repurchase of common stock	(1,596)
Net cash used in financing activities	(1,916)
Net (decrease) increase in cash and cash equivalents	(8,169)	2,695
Cash and cash equivalents - beginning of period	18,333	13,274
Cash and cash equivalents - end of period	10,164	15,969
Supplemental disclosure of cash flow information:
Interest	372	76
Income taxes		569
Non-cash investing activity:
Unrealized holding gains on investments, net of tax	122	53
Acquisition of property and equipment accrued but not yet paid	$ 406	$ 886

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Background and Basis of Presentation [Abstract]
Background and Basis of Presentation	1. Background and Basis of Presentation  Background  Crimson Wine Group, Ltd. and its subsidiaries (collectively, “Crimson” or the “Company”) is a Delaware corporation that has been conducting business since 1991 . Crimson is in the business of producing and selling ultra-premium and luxury wines (i.e., wines that retail for $14 to $25 and over $25 per 750 ml bottle, respectively) . Crimson is headquartered in Napa, California and through its subsidiaries owns six wineries: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards , Seghesio Family Vineyards , Double Canyon Vineyards and Seven Hills Winery.  Financial Statement Preparation  The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information. 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 and Recent Accounting Pronouncements) included in the Company’s audited consolidated financial statements for the year ended December 31, 2015, as filed with the SEC on Form 10-K (the “2015 Report”) . Results of operations for interim periods are not necessarily indicative of annual results of operations . The unaudited condensed consolidated balance sheet at December 31, 2015 was extracted from the audited annual financial statements and does not include all disclosures required by GAAP for annual financial statements .  Significant Accounting Policies  There were no changes to the Company’s significant accounting policies during the six months ended June 30 , 2016 . See Note 3 to the 2015 Report for a description of the Company’s significant accounting policies.  Recent Accounting Pronouncements  The following table provides a brief description of recent accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) subsequent to the filing of the 2015 Report that could have a material effect on Crimson’s financial statements. The following table also provides a brief description of recent accounting pronoun cements adopted during the six months ended June 30 , 2016:    Standard Description Date of adoption Effect on the financial statements or other significant matters   Standards that are not yet adopted  Accounting Standard Update ("ASU") 2016-08, Revenue from Contracts with Customers (Topic 606) In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which is guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. ASU 2016-08 amends the principal-versus-agent implementation guidance set forth in ASU 2014-09. Among other things, ASU 2016-08 clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. January 1, 2018, early adoption is permitted for the Company beginning on January 1, 2017. Management is currently evaluating the potential impact of this guidance on the Company’s consolidated financial statements.  ASU 2016-10, Revenue from Contracts with Customers (Topic 606) Amends certain aspects of ASU 2014-09 related to identifying performance obligations and licensing implementation. January 1, 2018, early adoption is permitted for the Company beginning on January 1, 2017. Management is currently evaluating the potential impact of this guidance on the Company’s consolidated financial statements.  Standards that were adopted  ASU 2015-16, Business Combinations (Topic 805) The standard eliminates the requirement for retrospective treatment of measurement-period adjustments in a business combination. Instead, a measurement-period adjustment will be recognized in the period in which the adjustment is determined. January 1, 2016. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.  ASU 2015-05, Intangibles- Goodwill and Other- Internal-Use Software (Subtopic 350-40) Cloud computing arrangements represent the delivery of hosted services over the internet which includes software, platforms, infrastructure and other hosting arrangements. The ASU provides criteria to determine whether the cloud computing arrangement includes a software license. A software license can include customized development, maintenance, hosting and other related costs. If the criteria are met, the customer will capitalize the fee attributable to the software license portion of the arrangement as internal-use software. If the arrangement does not include a software license, it should be treated as a service contract. January 1, 2016. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.  

Acquisition of Seven Hills Wine

Acquisition of Seven Hills Winery	6 Months Ended
	Jun. 30, 2016
Acquisition of Seven Hills Winery [Abstract]
Acquisition of Seven Hills Winery	2. Acquisition of Seven Hills Winery  On January 27, 2016, one of Crimson’s wholly-owned subsidiaries entered into a purchase agreement pursuant to which Crimson’s subsidiary acquired, or has rights in, substantially all of the assets and certain liabilities with respect to the Seven Hills Winery located in Walla Walla, Washington . The acquisition provides a strategic opportunity for Crimson to expand its portfolio . The ac quisition-date fair value of total consideration for the Seven Hills Winery acquisition was $7.9 million, consisting of $7. 3 million in cash, which included a working capital adjustment of $0.3 million, and $0.6 million of non-cash contingent cons ideration. The contingent consideration arrangement requires the Company to pay up to $0.8 million in future earn-out payments based on certain achievements of the acquired business over the 38 months following the closing of the acquisition . The Company estimated the fair value of the contingent consideration at January 27, 2016 (the acquisition date) to be $0.6 million, using a probability-weighted discounted cash flow model. This fair value measurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in ASC 820, Fair Value Measurement . Changes to the estimated fair value of the contingent consideration at each reporting period shall be recorded in the Company’s consolidated income statement under the line item entitled ‘ General and administrative expense ’ as an operating expense . The fair value of the contingent consideration as of June 30 , 2016 was $0.6 million and during the three and six months ended June 30, 2016 the amounts recognized in the unaudited condensed consolidated income statements related to the changes in the estimated fair value of the contingent liability were immaterial.  The Seven Hills Winery acquisition was recorded during the first quarter of 2016 using the acquisition method of accounting as prescribed under ASC 805, Business Combinations . Accordingly, assets acquired and liabilities assumed were recorded at their fair values estimated by management as of January 27, 2016 . The Company is in the process of finalizing fair value measurements of certain assets; thus, the measurements are subject to change.  The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):     Accounts receivable $ 232  Inventory 4,229  Property, plant and equipment 2,927  Intangible assets 600  Total assets 7,988  Accounts payable and accruals 201  Net assets acquired 7,787  Goodwill 143  Total purchase price $ 7,930  The fair value of accounts receivable acquired of $0.2 million is equal to the gross contractual amount due, as the Company expects all amounts to be collectible. Adjustments to record the assets acquired and liabilities assumed at fair value include the recognition of $ 0.6 million of intangible assets as follows (in thousands, except estimated life information):    Amount Estimated Life  Brand $ 500 15 years  Distributor relationships 100 10 years  Total $ 600  As described in Note 11 “Business Segment Information,” based on the nature of the Company’s business, revenue generating assets are utilized across segments . Therefore, goodwill recognized has not been allocated to any particular segment of the Company. The Company recognized $0.1 million and $0.2 million of acquisition related costs during the three and six months ended June 30, 2016, respectively. These costs are included in the unaudited condensed consolidated income statements under the line item entitled ‘General and administrative expense.’ The Company’s results for the three and six months ended June 30, 2016 include the results of Seven Hills Winery for the period since the date of acquisition. The amount of revenue and net loss included in the Company’s unaudited condensed consolidated income statement s for the three months ended June 30, 2016 were $0.4 million and $0.1 million, respectively, and for the six months ended June 30, 2016 were $0.9 million and $0.2 million, respectively. Pro forma financial statements are not presented as they are not material to the Company’s overall consolidated financial statements.

Inventory

Inventory	6 Months Ended
	Jun. 30, 2016
Inventory [Abstract]
Inventory	3. Inventory  A summary of inventory at June 30 , 2016 and December 31, 2015 is as follows (in thousands):      June 30, 2016 December 31, 2015  Case wine $ 32,468 $ 30,997  In-process wine 24,481 24,306  Packaging and bottling supplies 775 333  Total inventory $ 57,724 $ 55,636  

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2016
Property and Equipment [Abstract]
Property and Equipment	4. Property and Equipment  A summary of property and equipment at June 30, 2016 and December 31, 2015, and depreciation expense for the six months ended June 30 , 2016 and 2015, is as follows (in thousands):     Depreciable Lives  (in years) June 30, 2016 December 31, 2015  Land and improvements N/A $ 45,051 $ 41,573  Buildings and improvements 20 -40 50,993 48,770  Vineyards and improvements 7 -25 35,779 35,792  Winery and vineyard equipment 3 -25 30,808 29,766  Caves 20 -40 5,639 5,638  Vineyards under development N/A 2,150 2,001  Construction in progress N/A 1,280 195  Total 171,700 163,735  Accumulated depreciation and amortization (54,381) (52,100)  Property and equipment, net $ 117,319 $ 111,635   Six Months Ended June 30,  2016 2015  Depreciation expense  Capitalized into inventory 2,531 2,372  Expensed to general and administrative 792 538  Total depreciation $ 3,323 $ 2,910  

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2016
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 . I nvestments 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 June 30 , 2016 and December 31, 2015 are as follows (in thousands):     June 30, 2016 Par Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Level 1 Level 2 Total Fair Value Measurements  U.S. Treasury Note $ 10,000 $ 10,000 $ 45 $ - $ 10,045 $ - $ 10,045  Certificates of Deposit 13,750 13,750 66 - - 13,816 13,816  Total $ 23,750 $ 23,750 $ 111 $ - $ 10,045 $ 13,816 $ 23,861   December 31, 2015 Par Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Level 1 Level 2 Total Fair Value Measurements  U.S. Treasury Note $ 10,000 $ 10,000 $ - $ (45) $ 9,955 $ - $ 9,955  Certificates of Deposit 15,500 15,500 4 (36) - 15,468 15,468  Total $ 25,500 $ 25,500 $ 4 $ (81) $ 9,955 $ 15,468 $ 25,423  As of June 30, 2016 and December 31, 2015 , other than the assets and liabilities related to the Seven Hills Winery acquisition (see Note 2), 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. For short-term and long-term debt, the carrying amounts of such financial instruments approximate their fair values. The Company has estimated the fair value of its short-term and long-term debt based upon Level 3 inputs, such as the terms that management believes would currently be available to the Company for similar issues of debt, taking into account the current credit risk of the Company and other factors.  The Company does not invest in any derivatives or engage in any hedging activities.

Intangible and Other Non-Curren

Intangible and Other Non-Current Assets	6 Months Ended
	Jun. 30, 2016
Intangible and Other Non-Current Assets [Abstract]
Intangible and Other Non-Current Assets	6. Intangible and Other Non-Current Assets  A summary of intangible and other non-current assets at June 30, 2016 and December 31, 2015, and amortization expense for the six months ended June 30, 2016 and 2015, is as follows (in thousands):      Amortizable Lives (in years) June 30, 2016 December 31, 2015  Brand, net of accumulated amortization of $5,248 and $4,717 15 - 17 $ 12,753 $ 12,783  Distributor relationships, net of accumulated amortization of $948 and $851 10 - 14 1,752 1,749  Customer relationships, net of accumulated amortization of $1,380 and $1,243 7 520 657  Legacy permits, net of accumulated amortization of $91 and $82 14 159 168  Trademark, net of accumulated amortization of $78 and $74 20 122 126  Total intangible assets, net $ 15,306 $ 15,483  Other non-current assets 263 411  Total intangible and other non-current assets $ 15,569 $ 15,894   Six Months Ended June 30,  Amortization expense 2016 2015  Total amortization expense $ 778 $ 757  The estimated aggregate future amortization as of June 30, 2016 is identified below (in thousands):     Years Remaining Amortization  2016 $ 778  2017 1,557  2018 1,402  2019 1,286  2020 1,286  Thereafter 8,997  Total $ 15,306  

Other Accrued Expenses

Other Accrued Expenses	6 Months Ended
	Jun. 30, 2016
Other Accrued Expenses [Abstract]
Other Accrued Expenses	7 . Other Accrued Expenses  Other accrued expenses consisted of the following as of June 30 , 2016 and December 31, 2015 (in thousands):      June 30, 2016 December 31, 2015  Depletion allowance $ 621 $ 977  Production and farming 228 768  Sales and marketing 58 253  Professional fees 69 83  Contingent liability related to Seven Hills Winery 632 -  Accrued interest 201 114  Other accrued expenses 353 389  Total other accrued expenses $ 2,162 $ 2,584  

Debt

Debt	6 Months Ended
	Jun. 30, 2016
Debt [Abstract]
Debt	8. Debt Revolving Credit Facility In March 2013, Crimson and its subsidiaries entered into a $60.0 million 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 $10.0 million of availability in the aggregate for a five year term, and the term revolving credit facility is for up to $50.0 million in the aggregate for a fifteen year term . 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 . In addition to unused line fees ranging from 0.15% to 0.25% , rates for the borrowings are priced based on a performance grid tied to certain financial ratios and the London Interbank Offered Rate. The revolving credit facility can be used to fund acquisitions, capital projects and other general corporate purposes . 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 . No amounts have been borrowed under the revolving credit facility to date. Term Loan On November 10, 2015, Pine Ridge Winery, LLC (“Borrower”), a wholly-owned subsidiary of Crimson , entered into a senior secured term loan agreement (the “term loan”) with American AgCredit, FLCA (“Lender”) for an aggregate principal amount of $16.0 million. Amounts outstanding under the term loan will bear a fixed interest rate of 5.24% per annum. The term loan will mature on October 1, 2040 (the “Maturity Date”). On the first day of each January, April, July and October, commencing January 1, 2016, a principal payment in the amount of $160,000 and an interest payment equal to the amount of all interest accrued through the previous day shall be made. A final payment of all unpaid principal, interest and any other charges with respect to the term loan shall be due and payable on the Maturity Date. The Company incurred debt issuance costs of approximately $0.1 million related to this term loan. These costs are recorded as a reduction from short-term or long-term debt, based on the timeframe in which the fees will be expensed (i.e. – expensed within 12-months shall be classified against short-term debt). The costs are being amortized to interest expense using the effective interest method over the contractual term of the loan. Borrower’s obligations under the term loan are guaranteed by the Company. All obligations of Borrower under the term loan are collateralized by certain real property of the Company. Borrower’s covenants include the maintenance of a specified debt service coverage ratio and certain customary affirmative and negative covenants, including limitations on the incurrence of additional indebtedness; limitations on distributions to shareholders; and restrictions on certain investments, sale of assets and merging or consolidating with other persons. The full $16.0 million was drawn at closing and the term loan can be used to fund acquisitions, capital projects and other general corporate purposes. As of June 30 , 2016, $15.6 million in principal was outstanding, net of unamortized loan fees of $0.1 million. The Company was in compliance with all debt covenants as of June 30 , 2016. 

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Jun. 30, 2016
Stockholders’ Equity [Abstract]
Stockholders' Equity	9. Stockholders’ Equity In March 2014, the Board of Directors of the Company authorized a share repurchase program (the “2014 Repurchase Program”) that provides for the repurchase of up to $2.0 million of outstanding common stock. Under the 2014 Repurchase Program , any repurchased shares are constructively retired. During the six months ended June 30, 2016, the Company repurchased 76,710 shares under the 2014 Repurchase Program which were constructively retired at an original repurchase cost of $0.6 million , and o n February 29, 2016 the 2014 Repurchase Program was completed. Under the total 2014 Repurchase Program the Company repurchased 228,522 shares which were constructively retired at an original repurchase cost of $2.0 million.  In March 2016, the Board of Directors of the Company authorized a second share repurchase program (the “2016 Repurchase Program”) that provides for the repurchase of up to $2.0 million of outstanding common stock. Under the 2016 Repurchase Program , any repurchased shares are constructively retired. During the six months ended and as of June 30 , 2016, the Company repurchased 114,039 shares under the 2016 Repurchase Program which were constructively retired at an original repurchase cost of $1.0 million. Through August 5, 2016, the Company had repurchased 136,782 shares under the 2016 Repurchase Program which were constructively retired at an original repurchase price of $1.2 million. 

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Taxes [Abstract]
Income Taxes	10 . Income Taxes The Company’s effective tax rates for the three months ended June 30, 2016 and 2015 were 44.3% and 32.9% , respectively. The Company’s effective tax rates for the six months ended June 30, 2016 and 2015 were 42.4% and 38.1% , respectively. The consolidated income tax expense for the three and six months ended June 30 , 2016 and 2015 was determined based upon estimates of the Company’s consolidated effective income tax rates for the years ending December 31, 2016 and 2015, respectively. The difference between the consolidated effective income tax rate and the U.S. federal statutory rate is primarily attributable to state taxes and permanent items , which primarily consist of meals and entertainment and the domestic production activity deduction .  The Company does not have any amounts in its consolidated balance sheet for unrecognized tax benefits related to uncertain tax positions at June 30, 2016 and December 31, 2015.

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2016
Business Segment Information [Abstract]
Business Segment Information	11. Business Segment Information The Company has identified two operating segments which are reportable segments for financial statement reporting purposes, Wholesale Sales and Direct to Consumer Sales, based upon their different distribution channels, margins and selling strategies . Wholesale Sales includes all sales through a third party where prices are given at a wholesale rate whereas Direct to Consumer Sales includes retail sales in the t asting room, remote sites and on-site events, Wine Club sales and other sales made directly to the consumer without the use of an intermediary . The two s egments reflect how the Company’ s operations are evaluated by senior management and the structure of its internal financial reporting. The Company evaluates performance based on the gross profit of the respective business segments. Selling expenses that can be directly attributable to the segment are allocated accordingly. However, centralized selling expenses and general and administrative expenses are not allocated between operating segments. Therefore, net income information for the respective segments is not available . Based on the nature of the Company’s business, revenue generating assets are utilized across segments . Therefore, discrete financial information related to segment assets and other balance sheet data is not available and that information continues to be aggregated. The following table outlines the net sales, cost of sales, gross profit, directly attributable selling expenses and operating income for the Company’s reportable segments for the three and six months ended June 30 , 2016 and 2015, and also includes a reconciliation of consolidated income (loss) from operations. Other/Non-allocable net sales and gross profit include bulk wine and grape sales, event fees and retail sales. Other/Non-allocable expenses include centralized corporate expenses not specific to an identified reporting segment . Sales figures are net of related excise taxes.     Three Months Ended June 30,  Wholesale Direct to Consumer Other/Non-Allocable Total  (in thousands) 2016 2015 2016 2015 2016 2015 2016 2015  Net sales $ 8,626 $ 8,574 $ 5,514 $ 5,576 $ 1,095 $ 641 $ 15,235 $ 14,791  Cost of sales 4,797 4,336 1,682 1,517 1,190 849 7,669 6,702  Gross profit (loss) 3,829 4,238 3,832 4,059 (95) (208) 7,566 8,089  Operating expenses:  Sales and marketing 1,522 1,390 1,534 1,487 822 521 3,878 3,398  General and administrative - - - - 2,624 2,618 2,624 2,618  Total operating expenses 1,522 1,390 1,534 1,487 3,446 3,139 6,502 6,016  Net loss (gain) on disposal of property and equipment - - - - 28 (83) 28 (83)  Income (loss) from operations $ 2,307 $ 2,848 $ 2,298 $ 2,572 $ (3,569) $ (3,264) $ 1,036 $ 2,156   Six Months Ended June 30,  Wholesale Direct to Consumer Other/Non-Allocable Total  (in thousands) 2016 2015 2016 2015 2016 2015 2016 2015  Net sales $ 18,569 $ 16,947 $ 10,207 $ 10,316 $ 2,013 $ 1,245 $ 30,789 $ 28,508  Cost of sales 10,388 8,606 3,112 2,878 2,068 1,254 15,568 12,738  Gross profit (loss) 8,181 8,341 7,095 7,438 (55) (9) 15,221 15,770  Operating expenses:  Sales and marketing 3,195 2,787 2,976 2,867 1,664 919 7,835 6,573  General and administrative - - - - 5,795 5,191 5,795 5,191  Total operating expenses 3,195 2,787 2,976 2,867 7,459 6,110 13,630 11,764  Net loss (gain) on disposal of property and equipment - - - - 22 (100) 22 (100)  Income (loss) from operations $ 4,986 $ 5,554 $ 4,119 $ 4,571 $ (7,536) $ (6,019) $ 1,569 $ 4,106 

Background and Basis of Prese18

Background and Basis of Presentation (Policy)	6 Months Ended
	Jun. 30, 2016
Background and Basis of Presentation [Abstract]
Financial Statement Preparation	Financial Statement Preparation  The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information. 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 and Recent Accounting Pronouncements) included in the Company’s audited consolidated financial statements for the year ended December 31, 2015, as filed with the SEC on Form 10-K (the “2015 Report”) . Results of operations for interim periods are not necessarily indicative of annual results of operations . The unaudited condensed consolidated balance sheet at December 31, 2015 was extracted from the audited annual financial statements and does not include all disclosures required by GAAP for annual financial statements .
Significant Accounting Policies	Significant Accounting Policies  There were no changes to the Company’s significant accounting policies during the six months ended June 30 , 2016 . See Note 3 to the 2015 Report for a description of the Company’s significant accounting policies.
Recent Accounting Pronouncements	Recent Accounting Pronouncements  The following table provides a brief description of recent accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) subsequent to the filing of the 2015 Report that could have a material effect on Crimson’s financial statements. The following table also provides a brief description of recent accounting pronoun cements adopted during the six months ended June 30 , 2016:    Standard Description Date of adoption Effect on the financial statements or other significant matters   Standards that are not yet adopted  Accounting Standard Update ("ASU") 2016-08, Revenue from Contracts with Customers (Topic 606) In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which is guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. ASU 2016-08 amends the principal-versus-agent implementation guidance set forth in ASU 2014-09. Among other things, ASU 2016-08 clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. January 1, 2018, early adoption is permitted for the Company beginning on January 1, 2017. Management is currently evaluating the potential impact of this guidance on the Company’s consolidated financial statements.  ASU 2016-10, Revenue from Contracts with Customers (Topic 606) Amends certain aspects of ASU 2014-09 related to identifying performance obligations and licensing implementation. January 1, 2018, early adoption is permitted for the Company beginning on January 1, 2017. Management is currently evaluating the potential impact of this guidance on the Company’s consolidated financial statements.  Standards that were adopted  ASU 2015-16, Business Combinations (Topic 805) The standard eliminates the requirement for retrospective treatment of measurement-period adjustments in a business combination. Instead, a measurement-period adjustment will be recognized in the period in which the adjustment is determined. January 1, 2016. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.  ASU 2015-05, Intangibles- Goodwill and Other- Internal-Use Software (Subtopic 350-40) Cloud computing arrangements represent the delivery of hosted services over the internet which includes software, platforms, infrastructure and other hosting arrangements. The ASU provides criteria to determine whether the cloud computing arrangement includes a software license. A software license can include customized development, maintenance, hosting and other related costs. If the criteria are met, the customer will capitalize the fee attributable to the software license portion of the arrangement as internal-use software. If the arrangement does not include a software license, it should be treated as a service contract. January 1, 2016. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. 

Acquisition of Seven Hills Wi19

Acquisition of Seven Hills Winery (Tables)	6 Months Ended
	Jun. 30, 2016
Acquisition of Seven Hills Winery [Abstract]
Summary of Assets Acquired and Liabilities Assumed	  Accounts receivable $ 232  Inventory 4,229  Property, plant and equipment 2,927  Intangible assets 600  Total assets 7,988  Accounts payable and accruals 201  Net assets acquired 7,787  Goodwill 143  Total purchase price $ 7,930 
Schedule of Intangible Assets Acquired	  Amount Estimated Life  Brand $ 500 15 years  Distributor relationships 100 10 years  Total $ 600 

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory [Abstract]
Summary Of Inventory	  June 30, 2016 December 31, 2015  Case wine $ 32,468 $ 30,997  In-process wine 24,481 24,306  Packaging and bottling supplies 775 333  Total inventory $ 57,724 $ 55,636 

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2016
Property and Equipment [Abstract]
Summary Of Property And Equipment	  Depreciable Lives  (in years) June 30, 2016 December 31, 2015  Land and improvements N/A $ 45,051 $ 41,573  Buildings and improvements 20 -40 50,993 48,770  Vineyards and improvements 7 -25 35,779 35,792  Winery and vineyard equipment 3 -25 30,808 29,766  Caves 20 -40 5,639 5,638  Vineyards under development N/A 2,150 2,001  Construction in progress N/A 1,280 195  Total 171,700 163,735  Accumulated depreciation and amortization (54,381) (52,100)  Property and equipment, net $ 117,319 $ 111,635   Six Months Ended June 30,  2016 2015  Depreciation expense  Capitalized into inventory 2,531 2,372  Expensed to general and administrative 792 538  Total depreciation $ 3,323 $ 2,910 

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Financial Instruments [Abstract]
Schedule Of Available For Sale Securities	   June 30, 2016 Par Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Level 1 Level 2 Total Fair Value Measurements  U.S. Treasury Note $ 10,000 $ 10,000 $ 45 $ - $ 10,045 $ - $ 10,045  Certificates of Deposit 13,750 13,750 66 - - 13,816 13,816  Total $ 23,750 $ 23,750 $ 111 $ - $ 10,045 $ 13,816 $ 23,861   December 31, 2015 Par Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Level 1 Level 2 Total Fair Value Measurements  U.S. Treasury Note $ 10,000 $ 10,000 $ - $ (45) $ 9,955 $ - $ 9,955  Certificates of Deposit 15,500 15,500 4 (36) - 15,468 15,468  Total $ 25,500 $ 25,500 $ 4 $ (81) $ 9,955 $ 15,468 $ 25,423 

Intangible and Other Non-Curr23

Intangible and Other Non-Current Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Intangible and Other Non-Current Assets [Abstract]
Summary Of Intangible Assets	   Amortizable Lives (in years) June 30, 2016 December 31, 2015  Brand, net of accumulated amortization of $5,248 and $4,717 15 - 17 $ 12,753 $ 12,783  Distributor relationships, net of accumulated amortization of $948 and $851 10 - 14 1,752 1,749  Customer relationships, net of accumulated amortization of $1,380 and $1,243 7 520 657  Legacy permits, net of accumulated amortization of $91 and $82 14 159 168  Trademark, net of accumulated amortization of $78 and $74 20 122 126  Total intangible assets, net $ 15,306 $ 15,483  Other non-current assets 263 411  Total intangible and other non-current assets $ 15,569 $ 15,894   Six Months Ended June 30,  Amortization expense 2016 2015  Total amortization expense $ 778 $ 757 
Amortization expense for Intangible Assets	  Years Remaining Amortization  2016 $ 778  2017 1,557  2018 1,402  2019 1,286  2020 1,286  Thereafter 8,997  Total $ 15,306 

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2016
Other Accrued Expenses [Abstract]
Schedule of other accrued expenses	   June 30, 2016 December 31, 2015  Depletion allowance $ 621 $ 977  Production and farming 228 768  Sales and marketing 58 253  Professional fees 69 83  Contingent liability related to Seven Hills Winery 632 -  Accrued interest 201 114  Other accrued expenses 353 389  Total other accrued expenses $ 2,162 $ 2,584 

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
Business Segment Information [Abstract]
Schedule Of Segment Reporting	  Three Months Ended June 30,  Wholesale Direct to Consumer Other/Non-Allocable Total  (in thousands) 2016 2015 2016 2015 2016 2015 2016 2015  Net sales $ 8,626 $ 8,574 $ 5,514 $ 5,576 $ 1,095 $ 641 $ 15,235 $ 14,791  Cost of sales 4,797 4,336 1,682 1,517 1,190 849 7,669 6,702  Gross profit (loss) 3,829 4,238 3,832 4,059 (95) (208) 7,566 8,089  Operating expenses:  Sales and marketing 1,522 1,390 1,534 1,487 822 521 3,878 3,398  General and administrative - - - - 2,624 2,618 2,624 2,618  Total operating expenses 1,522 1,390 1,534 1,487 3,446 3,139 6,502 6,016  Net loss (gain) on disposal of property and equipment - - - - 28 (83) 28 (83)  Income (loss) from operations $ 2,307 $ 2,848 $ 2,298 $ 2,572 $ (3,569) $ (3,264) $ 1,036 $ 2,156   Six Months Ended June 30,  Wholesale Direct to Consumer Other/Non-Allocable Total  (in thousands) 2016 2015 2016 2015 2016 2015 2016 2015  Net sales $ 18,569 $ 16,947 $ 10,207 $ 10,316 $ 2,013 $ 1,245 $ 30,789 $ 28,508  Cost of sales 10,388 8,606 3,112 2,878 2,068 1,254 15,568 12,738  Gross profit (loss) 8,181 8,341 7,095 7,438 (55) (9) 15,221 15,770  Operating expenses:  Sales and marketing 3,195 2,787 2,976 2,867 1,664 919 7,835 6,573  General and administrative - - - - 5,795 5,191 5,795 5,191  Total operating expenses 3,195 2,787 2,976 2,867 7,459 6,110 13,630 11,764  Net loss (gain) on disposal of property and equipment - - - - 22 (100) 22 (100)  Income (loss) from operations $ 4,986 $ 5,554 $ 4,119 $ 4,571 $ (7,536) $ (6,019) $ 1,569 $ 4,106 

Background and Basis of Prese26

Background and Basis of Presentation (Narrative) (Details)	6 Months Ended
	Jun. 30, 2016iteml
Background and Basis of Presentation [Abstract]
Price per bottle. low range	14
Price per bottle. mid range	25
Price per bottle. high range	25
ML per bottle of wine | l	750
Number of wineries owned | item	6

Acquisition of Seven Hills Wi27

Acquisition of Seven Hills Winery (Narrative) (Details) $ in Thousands	Jan. 27, 2016USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)item	Jun. 30, 2015USD ($)
Business Acquisition [Line Items]
Number of wholly-owned subsidiaries | item				1
Cash purchase price				$ 7,320
Contingent consideration		$ 632		632
Revenues		15,235	$ 14,791	30,789	$ 28,508
Net loss		514	$ 1,542	745	$ 2,616
Seven Hills Winery [Member]
Business Acquisition [Line Items]
Total purchase price	$ 7,930
Cash purchase price	7,300
Working capital adjustment	300
Contingent consideration	600	600		600
Future earn-out payment	$ 800
Period in which certain achievements affect the future earn-out payment	38 months
Accounts receivable	$ 232
Intangible assets	$ 600
Revenues		400		900
Net loss		100		200
Seven Hills Winery [Member] | General and Administrative Expense [Member]
Business Acquisition [Line Items]
Acquisition related costs		$ 100		$ 200

Acquisition of Seven Hills Wi28

Acquisition of Seven Hills Winery (Summary of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jan. 27, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 1,196		$ 1,053
Seven Hills Winery [Member]
Business Acquisition [Line Items]
Accounts receivable		$ 232
Inventory		4,229
Property, plant and equipment		2,927
Intangible assets		600
Total assets		7,988
Accounts payable and accruals		201
Net assets acquired		7,787
Goodwill		143
Total purchase price		$ 7,930

Acquisition of Seven Hills Wi29

Acquisition of Seven Hills Winery (Schedule of Intangible Assets Acquired) (Details) - Seven Hills Winery [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 600
Brand [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 500
Estimated Life	15 years
Distributor Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 100
Estimated Life	10 years

Inventory (Summary Of Inventory

Inventory (Summary Of Inventory) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Inventory [Abstract]
Case wine	$ 32,468	$ 30,997
In-process wine	24,481	24,306
Packaging and bottling supplies	775	333
Total inventory	$ 57,724	$ 55,636

Property and Equipment (Summary

Property and Equipment (Summary Of Property And Equipment) (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 171,700		$ 163,735
Accumulated depreciation and amortization	(54,381)		(52,100)
Property and equipment, net	117,319		111,635
Depreciation capitalized into inventory	2,531	$ 2,372
Depreciation expensed to General and Administrative	792	538
Total Depreciation	3,323	$ 2,910
Land And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	45,051		41,573
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	50,993		48,770
Vineyards And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	35,779		35,792
Winery And Vineyard Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	30,808		29,766
Caves [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,639		5,638
Vineyards Under Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,150		2,001
Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,280		$ 195
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 ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 0	$ 0
Liabilities measured at fair value	$ 0	$ 0
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment maturity period	3 years

Financial Instruments (Schedule

Financial Instruments (Schedule Of Available For Sale Securities) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Par Value	$ 23,750	$ 25,500
Amortized Cost	23,750	25,500
Gross Unrealized Gains	111	4
Gross Unrealized Losses		(81)
Total Fair Value Measurements	23,861	25,423
Level 1 [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Fair Value Measurements	10,045	9,955
Level 2 [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Fair Value Measurements	13,816	15,468
U.S. Treasury Note [Member]
Schedule of Available-for-sale Securities [Line Items]
Par Value	10,000	10,000
Amortized Cost	10,000	10,000
Gross Unrealized Gains	45
Gross Unrealized Losses		(45)
Total Fair Value Measurements	10,045	9,955
U.S. Treasury Note [Member] | Level 1 [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Fair Value Measurements	10,045	9,955
Certificates Of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Par Value	13,750	15,500
Amortized Cost	13,750	15,500
Gross Unrealized Gains	66	4
Gross Unrealized Losses		(36)
Total Fair Value Measurements	13,816	15,468
Certificates Of Deposit [Member] | Level 2 [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Fair Value Measurements	$ 13,816	$ 15,468

Intangible and Other Non-Curr34

Intangible and Other Non-Current Assets (Summary Of Intangible Assets) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, net	$ 15,306		$ 15,483
Other non-current assets	263		411
Total intangible and other non-current assets	15,569		15,894
Amortization expense	778	$ 757
Brand [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, net	12,753		12,783
Accumulated amortization	$ 5,248		4,717
Brand [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable Lives	15 years
Brand [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable Lives	17 years
Distributor Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, net	$ 1,752		1,749
Accumulated amortization	$ 948		851
Distributor Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable Lives	10 years
Distributor Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable Lives	14 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable Lives	7 years
Total intangible assets, net	$ 520		657
Accumulated amortization	$ 1,380		1,243
Legacy Permits [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable Lives	14 years
Total intangible assets, net	$ 159		168
Accumulated amortization	$ 91		82
Trademark [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable Lives	20 years
Total intangible assets, net	$ 122		126
Accumulated amortization	$ 78		$ 74

Intangible and Other Non-Curr35

Intangible and Other Non-Current Assets (Amortization expense for Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Intangible and Other Non-Current Assets [Abstract]
2,016	$ 778
2,017	1,557
2,018	1,402
2,019	1,286
2,020	1,286
Thereafter	8,997
Total intangible assets, net	$ 15,306	$ 15,483

Other Accrued Expenses (Schedul

Other Accrued Expenses (Schedule of other accrued expenses) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Other Accrued Expenses [Abstract]
Depletion allowance	$ 621	$ 977
Production and farming	228	768
Sales and marketing	58	253
Professional fees	69	83
Contingent liability related to Seven Hills Winery	632
Accrued interest	201	114
Other accrued expenses	353	389
Total other accrued expenses	$ 2,162	$ 2,584

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	6 Months Ended	31 Months Ended
	Jun. 30, 2016	Sep. 30, 2015	Nov. 10, 2015	Mar. 31, 2013
Line of Credit Facility [Line Items]
Unamortized loan fees	$ 3,000
American AgCredit (FLCA) [Member] | Secured Debt [Member]
Line of Credit Facility [Line Items]
Principle amount	$ 15,600,000		$ 16,000,000
Fixed interest rate			5.24%
Maturity date	Oct. 1, 2040
Principle payment	$ 160,000
Debt issuance cost	100,000
Unamortized loan fees	100,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility borrowing capacity	$ 10,000,000
Credit facility term	5 years
Revolving Credit Facility [Member] | American AgCredit (FLCA) [Member]
Line of Credit Facility [Line Items]
Credit facility borrowing capacity				$ 60,000,000
Borrowed amount	$ 0
Term Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility borrowing capacity	$ 50,000,000
Credit facility term	15 years
Minimum [Member]
Line of Credit Facility [Line Items]
Unused line fee		0.15%
Maximum [Member]
Line of Credit Facility [Line Items]
Unused line fee		0.25%

Stockholders_ Equity (Narrative

Stockholders’ Equity (Narrative) (Details) - USD ($) $ in Millions	Feb. 29, 2016	Aug. 05, 2016	Jun. 30, 2016	Mar. 31, 2016	Mar. 31, 2014
March 2014 Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Share repurchase program amount authorized					$ 2
repurchased shares retired	228,522		76,710
Shares retired repurchase cost	$ 2		$ 0.6
March 2016 Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Share repurchase program amount authorized				$ 2
repurchased shares retired			114,039
Shares retired repurchase cost			$ 1
Subsequent Event [Member] | March 2016 Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
repurchased shares retired		136,782
Shares retired repurchase cost		$ 1.2

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Taxes [Abstract]
Effective tax rate	44.30%	32.90%	42.40%	38.10%
Unrecognized tax benefits	$ 0		$ 0		$ 0

Business Segment Information (N

Business Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2016segment
Business Segment Information [Abstract]
Number of Operating Segments	2

Business Segment Information (S

Business Segment Information (Schedule Of Segment Reporting) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Net sales	$ 15,235	$ 14,791	$ 30,789	$ 28,508
Cost of sales	7,669	6,702	15,568	12,738
Gross profit (loss)	7,566	8,089	15,221	15,770
Sales and marketing	3,878	3,398	7,835	6,573
General and administrative	2,624	2,618	5,795	5,191
Total operating expense	6,502	6,016	13,630	11,764
Net loss (gain) on disposal of property and equipment	28	(83)	22	(100)
Income (loss) from operations	1,036	2,156	1,569	4,106
Operating Segments [Member] | Wholesale [Member]
Segment Reporting Information [Line Items]
Net sales	8,626	8,574	18,569	16,947
Cost of sales	4,797	4,336	10,388	8,606
Gross profit (loss)	3,829	4,238	8,181	8,341
Sales and marketing	1,522	1,390	3,195	2,787
Total operating expense	1,522	1,390	3,195	2,787
Income (loss) from operations	2,307	2,848	4,986	5,554
Operating Segments [Member] | Direct to Consumer [Member]
Segment Reporting Information [Line Items]
Net sales	5,514	5,576	10,207	10,316
Cost of sales	1,682	1,517	3,112	2,878
Gross profit (loss)	3,832	4,059	7,095	7,438
Sales and marketing	1,534	1,487	2,976	2,867
Total operating expense	1,534	1,487	2,976	2,867
Income (loss) from operations	2,298	2,572	4,119	4,571
Operating Segments [Member] | Other/Non-Allocable [Member]
Segment Reporting Information [Line Items]
Net sales	1,095	641	2,013	1,245
Cost of sales	1,190	849	2,068	1,254
Gross profit (loss)	(95)	(208)	(55)	(9)
Sales and marketing	822	521	1,664	919
General and administrative	2,624	2,618	5,795	5,191
Total operating expense	3,446	3,139	7,459	6,110
Net loss (gain) on disposal of property and equipment	28	(83)	22	(100)
Income (loss) from operations	$ (3,569)	$ (3,264)	$ (7,536)	$ (6,019)