Crimson Wine (CWGL) 10-Q 8 Aug 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 04, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017
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		23,997,385

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 12,855	$ 4,795
Investments available for sale	19,976	23,754
Accounts receivable, net	4,885	5,061
Inventory	67,088	66,856
Other current assets	836	1,729
Total current assets	105,640	102,195
Property and equipment, net	126,374	123,261
Goodwill	1,262	1,262
Intangible assets and other non-current assets, net	14,005	14,779
Total non-current assets	141,641	139,302
Total assets	247,281	241,497
Current liabilities:
Accounts payable and accrued liabilities	6,350	11,792
Customer deposits	533	367
Current portion of long-term debt, net of unamortized loan fees	1,127	634
Total current liabilities	8,010	12,793
Long-term debt, net of current portion and unamortized loan fees	23,612	14,648
Deferred rent, non-current	79	95
Deferred tax liability	6,384	6,396
Total non-current liabilities	30,075	21,139
Total liabilities	38,085	33,932
Equity
Common shares, par value $0.01 per share, authorized 150,000,000 shares; 23,997,385 shares issued and outstanding at June 30, 2017 and December 31, 2016	240	240
Additional paid-in capital	277,520	277,520
Accumulated other comprehensive (loss) income	(11)	5
Accumulated deficit	(68,553)	(70,200)
Total equity	209,196	207,565
Total liabilities and equity	$ 247,281	$ 241,497

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, shares authorized (in shares)	150,000,000	150,000,000
Common shares, shares issued (in shares)	23,997,385	23,997,385
Common shares, shares outstanding (in shares)	23,997,385	23,997,385

Condensed Consolidated Income S

Condensed Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Net sales	$ 15,007	$ 15,235	$ 29,856	$ 30,789
Cost of sales	7,064	7,669	14,128	15,568
Gross profit	7,943	7,566	15,728	15,221
Operating expenses:
Sales and marketing	3,903	3,878	7,852	7,835
General and administrative	2,637	2,624	5,225	5,795
Total operating expenses	6,540	6,502	13,077	13,630
Net loss (gain) on disposal of property and equipment	1	28	(1)	22
Income from operations	1,402	1,036	2,652	1,569
Other income (expense):
Interest expense, net	(47)	(214)	(240)	(446)
Other income, net	118	101	276	171
Total other income (expense), net	71	(113)	36	(275)
Income before income taxes	1,473	923	2,688	1,294
Income tax provision	575	409	1,041	549
Net income	$ 898	$ 514	$ 1,647	$ 745
Basic and fully diluted weighted-average shares outstanding (in shares)	23,997	24,155	23,997	24,205
Basic and fully diluted earnings per share (in dollars per share)	$ 0.04	$ 0.02	$ 0.07	$ 0.03

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 898	$ 514	$ 1,647	$ 745
Other comprehensive income:
Net unrealized holding (losses) gains on investments arising during the period, net of tax	(7)	26	(16)	122
Comprehensive income	$ 891	$ 540	$ 1,631	$ 867

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Net cash flows from operating activities:
Net income	$ 1,647	$ 745
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization of property and equipment	3,473	3,323
Amortization of intangible assets	779	778
Amortization of loan fees	3	3
Loss on change in fair value of contingent consideration	18	22
Loss on write-down of inventory	60	314
Net loss (gain) on disposal of property and equipment	(1)	22
Deferred rent	(12)	(9)
Provision for deferred income taxes	0	331
Net change in operating assets and liabilities:
Accounts receivable	176	1,897
Inventory	(292)	1,827
Other current assets	893	451
Other non-current assets	(5)	147
Accounts payable and accrued liabilities	(4,977)	(4,658)
Customer deposits	166	162
Net cash provided by operating activities	1,928	5,355
Net cash flows from investing activities:
Acquisition of Seven Hills Winery	0	(7,320)
Purchase of investments available for sale	(2,750)	(3,000)
Redemptions of investments available for sale	6,500	4,750
Acquisition of property and equipment	(6,737)	(6,066)
Proceeds from disposal of property and equipment	22	28
Net cash used in investing activities	(2,965)	(11,608)
Net cash flows from financing activities:
Proceeds from issuance of term loan	10,000	0
Principal payments on long-term debt	(480)	(320)
Repurchase of common stock	0	(1,596)
Payment of contingent consideration	(357)	0
Payment of term loan fees	(66)	0
Net cash provided by (used in) financing activities	9,097	(1,916)
Net increase (decrease) in cash and cash equivalents	8,060	(8,169)
Cash and cash equivalents - beginning of period	4,795	18,333
Cash and cash equivalents - end of period	12,855	10,164
Cash paid during the period for:
Interest, net of capitalized interest	578	372
Income taxes	0	0
Non-cash investing activity:
Unrealized holding (losses) gains on investments, net of tax	(16)	122
Acquisition of property and equipment not yet paid	985	406
Contingent consideration for the acquisition of Seven Hills Winery	$ 0	$ 610

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	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 plus wines (i.e., wines that retail for over $15 per 750 ml bottle). 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 and Seven Hills Winery and Vineyard. 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, 2016 , as filed with the SEC on Form 10-K (the “2016 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, 2016 was extracted from the audited annual consolidated financial statements and does not include all disclosures required by GAAP for annual financial statements. Significant Accounting Policies Except as described below under Recent Accounting Pronouncements, there were no changes to the Company’s significant accounting policies during the six months ended June 30, 2017 . See Note 3 to the 2016 Report for a description of the Company’s significant accounting policies. Reclassifications Certain reclassifications have been made to the prior period unaudited interim condensed consolidated balance sheet and statement of cash flows to conform to the current period presentation. The reclassifications had no impact on previously reported equity or cash flows. Recent Accounting Pronouncements Subsequent to the filing of the 2016 Report there were no accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) that would have a material effect on Crimson’s unaudited interim condensed consolidated financial statements. The following table provides a brief description of recent accounting pronouncements adopted during the six months ended June 30, 2017 : ໿ Standard Description Date of adoption Effect on the financial statements or other significant matters Standards that were adopted ASU 2016-15, Statement of Cash Flows (Topic 230) Amends the guidance in Topic 230 on the classification of certain cash receipts and payments in the statement of cash flows. The primary purpose of the ASU is to reduce the diversity in practice that has resulted from the lack of consistent principles on this topic. January 1, 2017 The adoption of this standard did not have a material impact on the Company’s unaudited interim condensed consolidated financial statements. ASU 2015-11, Inventory (Topic 330) Topic 330, Inventory, currently requires an entity to measure inventory at the lower of cost or market, with market value represented by replacement cost, net realizable value or net realizable value less a normal profit margin. The amendments in ASU 2015-11 require an entity to measure inventory at the lower of cost or net realizable value. January 1, 2017 The adoption of this standard did not have a material impact on the Company’s unaudited interim condensed consolidated financial statements.

Acquisition of Seven Hills Wine

Acquisition of Seven Hills Winery	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Acquisition of Seven Hills Winery	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 acquisition-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 consideration. 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. Achievements defined in the purchase agreement through June 30, 2017 have been met and therefore $0.4 million of earn-out payments have been made. Total acquisition related costs were $0.3 million , which were recorded during the year ended December 31, 2016. Pro forma financial statements are not presented as they are not material to the Company’s overall condensed consolidated financial statements. During the three and six months ended June 30, 2016 , the Company recognized $0.1 million and $0.2 million of acquisition related costs that were expensed under the line item entitled ‘General and administrative.’ 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 following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands): Accounts receivable $ 232 Inventory 4,148 Property and equipment 2,927 Intangible assets 600 Deferred tax asset 47 Total assets 7,954 Accounts payable and accruals 233 Net assets acquired 7,721 Goodwill 209 Total purchase price $ 7,930 Goodwill recognized of $0.2 million was primarily attributable to synergies expected from combining the Company’s operations with Seven Hills Winery’s operations, as well as the assembled workforce. All of the goodwill is deductible for income tax purposes. 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. 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 The methodology utilized to fair value the assets acquired and liabilities assumed related to Seven Hills Winery was as follows: Accounts Receivable and Accounts Payable The carrying values for current assets and current liabilities were deemed to approximate their fair values due to the short-term nature of these assets and liabilities. The Company has subsequently collected on and paid out all of these balances. Inventory Inventory fair values were estimated by significant component. In-process wine was valued at the estimated selling prices of finished goods less the sum of costs to complete, costs of disposal and reasonable profit allowances for completing and selling efforts based on profits for similar finished goods. Cased wine was valued at estimated selling price less the sum of costs of disposal and reasonable profit allowances for the selling efforts. These fair value measurements were based on significant inputs not observable in the market and thus represent a Level 3 measurement as defined in ASC 820, Fair Value Measurement . Property and Equipment Property and equipment acquired consisted primarily of a building, land and machinery and equipment used in manufacturing operations. Property and equipment fair values were estimated at their highest and best use value using either the cost or market approach, when appropriate based on available data, and further corroborated with an income approach when appropriate. These fair value measurements represent Level 2 and Level 3 measurements. Intangible Assets The identifiable intangible assets acquired consisted of brand and distributor relationships. The relief from royalty valuation method, a form of the income approach, was used to estimate the fair value of the brand. The multi-period excess earnings method, a form of the income approach, was used to estimate the fair value of the distributor relationships. These fair value measurements represent Level 3 measurements. Contingent Consideration 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 represents a Level 3 measurement. Changes to the estimated fair value of the contingent consideration at each reporting period are recorded in the Company’s condensed consolidated income statement under the line item titled ‘General and administrative’ as an operating expense. The fair value of the contingent consideration as of June 30, 2017 and December 31, 2016 was $0.3 million and $0.7 million , respectively, and during each of the three and six months ended June 30, 2017 and 2016, changes in the estimated fair value of the contingent consideration were insignificant.

Inventory

Inventory	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Inventory	Inventory A summary of inventory at June 30, 2017 and December 31, 2016 is as follows (in thousands): June 30, 2017 December 31, 2016 Case wine $ 37,589 $ 33,650 In-process wine 28,700 32,828 Packaging and bottling supplies 799 378 Total inventory $ 67,088 $ 66,856

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment A summary of property and equipment at June 30, 2017 and December 31, 2016 , and depreciation expense for the six months ended June 30, 2017 and 2016 , is as follows (in thousands): ໿ Depreciable Lives (in years) June 30, 2017 December 31, 2016 Land and improvements N/A $ 46,566 $ 46,564 Buildings and improvements 20-40 51,631 51,140 Vineyards, orchards and improvements 7-25 37,653 36,163 Winery and vineyard equipment 3-25 33,668 33,690 Caves 20-40 5,639 5,639 Vineyards under development N/A 2,543 3,176 Construction in progress N/A 8,527 3,788 Total 186,227 180,160 Accumulated depreciation and amortization (59,853 ) (56,899 ) Property and equipment, net $ 126,374 $ 123,261 Six Months Ended June 30, 2017 2016 Depreciation expense Capitalized into inventory $ 2,718 $ 2,531 Expensed to general and administrative 755 792 Total depreciation $ 3,473 $ 3,323

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Financial Instruments	Financial Instruments The Company’s material financial instruments include cash and cash equivalents, investments classified as available for sale and short-term and long-term debt; 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 June 30, 2017 and December 31, 2016 are as follows (in thousands): June 30, 2017 Par Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Level 1 Level 2 Total Fair Value Measurements U.S. Treasury Note $ 6,000 $ 6,000 $ — $ (9 ) $ 5,991 $ — $ 5,991 Certificates of Deposit 14,000 14,000 11 (26 ) — 13,985 13,985 Total $ 20,000 $ 20,000 $ 11 $ (35 ) $ 5,991 $ 13,985 $ 19,976 December 31, 2016 U.S. Treasury Note $ 10,000 $ 10,000 $ — $ (5 ) $ 9,995 $ — $ 9,995 Certificates of Deposit 13,750 13,750 27 (18 ) — 13,759 13,759 Total $ 23,750 $ 23,750 $ 27 $ (23 ) $ 9,995 $ 13,759 $ 23,754 Gross unrealized losses on available-for-sale securities were less than $0.1 million as of June 30, 2017 , and the Company believes the gross unrealized losses are temporary as it does not intend to sell these securities and it is more likely than not that the Company will not be required to sell these securities before the recovery of their amortized cost basis. As of June 30, 2017 and December 31, 2016 , 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 liabilities, the carrying amounts of such financial instruments approximate their fair values. As of June 30, 2017 the Company has estimated the fair value of its outstanding debt to be approximately $24.4 million compared to its carrying value of $24.9 million , based upon discounted cash flows with 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, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible and Other Non-Current Assets	Intangible and Other Non-Current Assets A summary of intangible and other non-current assets at June 30, 2017 and December 31, 2016 , and amortization expense for the six months ended June 30, 2017 and 2016 , is as follows (in thousands): June 30, 2017 December 31, 2016 Amortizable Lives (in years) Accumulated amortization Net book value Accumulated amortization Net book value Brand 15 - 17 $ 6,310 $ 11,690 $ 5,779 $ 12,221 Distributor relationships 10 - 14 1,144 1,556 1,046 1,654 Customer relationships 7 1,651 249 1,515 385 Legacy permits 14 109 141 100 150 Trademark 20 88 112 83 117 Total $ 9,302 $ 13,748 $ 8,523 $ 14,527 Other non-current assets 257 252 Total intangible and other non-current assets, net $ 14,005 $ 14,779 Six Months Ended Amortization expense 2017 2016 Total amortization expense $ 779 $ 778 The estimated aggregate future amortization as of June 30, 2017 for the next five years and thereafter is identified below (in thousands): Amortization Remainder of 2017 $ 778 2018 1,402 2019 1,286 2020 1,286 2021 1,286 Thereafter 7,710 Total $ 13,748

Other Accrued Expenses

Other Accrued Expenses	6 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Other Accrued Expenses	Other accrued expenses consisted of the following as of June 30, 2017 and December 31, 2016 (in thousands): June 30, 2017 December 31, 2016 Accrued compensation related expenses $ 2,259 $ 2,428 Accounts payable 1,140 5,863 Acquisition of property and equipment 985 1,098 Depletion allowance 525 583 Accrued taxes 371 — Production and farming 302 381 Contingent liability related to Seven Hills Winery 290 697 Sales and marketing 124 352 Accrued interest — 224 Other accrued expenses 354 166 Total accounts payable and accrued liabilities $ 6,350 $ 11,792

Debt

Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt	Debt Details of the Company's debt as of June 30, 2017 and December 31, 2016 were as follows (dollars in thousands): June 30, 2017 December 31, 2016 Current Long-term Total Current Long-term Total Interest Rate Maturity Date 2015 Term Loan $ 640 $ 14,240 $ 14,880 $ 640 $ 14,720 $ 15,360 5.24% October 1, 2040 2017 Term Loan 500 9,500 10,000 — — — 5.39% July 1, 2037 Total debt 1,140 23,740 24,880 640 14,720 15,360 Unamortized loan fees (13 ) (128 ) (141 ) (6 ) (72 ) (78 ) Total debt, net of unamortized loan fees $ 1,127 $ 23,612 $ 24,739 $ 634 $ 14,648 $ 15,282 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 are secured by substantially all of Crimson’s assets. The revolving loan facility is for up to $10.0 million of availability in the aggregate for a five year term, and the term revolving loan 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 Loans Term loans consist of the following: (i) On November 10, 2015, Pine Ridge Winery, LLC (“PRW Borrower”), a wholly-owned subsidiary of Crimson, entered into a senior secured term loan agreement (the “2015 Term Loan”) with American AgCredit, FLCA (“Lender”) for an aggregate principal amount of $16.0 million . Amounts outstanding under the 2015 Term Loan will bear a fixed interest rate of 5.24% per annum. The 2015 Term Loan will mature on October 1, 2040 (the “2015 Loan Maturity Date”). On the first day of each January, April, July and October, commencing January 1, 2016, PRW Borrower is required to make 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. A final payment of all unpaid principal, interest and any other charges with respect to the 2015 Term Loan shall be due and payable on the 2015 Loan Maturity Date. The Company incurred debt issuance costs of approximately $0.1 million related to the 2015 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, and as such, amounts to be 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. The full $16.0 million was drawn at closing and the 2015 Term Loan can be used to fund acquisitions, capital projects and other general corporate purposes. As of June 30, 2017 , $14.9 million in principal was outstanding on the 2015 Term Loan, and unamortized loan fees were $0.1 million . (ii) On June 29, 2017, Double Canyon Vineyards, LLC and A Fine Old Building, LLC (individually and collectively the “DCV Borrower” and, individually and collectively with the PRW Borrower, the “Borrower”), both wholly-owned subsidiaries of Crimson, entered into a senior secured term loan agreement (the “2017 Term Loan”) with the Lender for an aggregate principal amount of $10.0 million . Amounts outstanding under the 2017 Term Loan will bear a fixed interest rate of 5.39% per annum. The 2017 Term Loan will mature on July 1, 2037 (the “2017 Loan Maturity Date”). On the first day of each January, April, July and October, commencing October 1, 2017, Borrower is required to make a principal payment in the amount of $125,000 and an interest payment equal to the amount of all interest accrued through the previous day. A final payment of all unpaid principal, interest and any other charges with respect to the 2017 Term Loan shall be due and payable on the 2017 Loan Maturity Date. The Company incurred debt issuance costs of approximately $0.1 million related to the 2017 Term Loan. These costs were recorded using the same treatment as described for the 2015 Term Loan debt issuance costs. The full $10.0 million was drawn at closing and the 2017 Term Loan can be used to fund acquisitions, capital projects and other general corporate purposes. As of June 30, 2017 , $10.0 million in principal was outstanding on the 2017 Term Loan, and unamortized loan fees were $0.1 million . Borrower’s obligations under the 2015 and 2017 term loans are guaranteed by the Company. All obligations of Borrower under the 2015 and 2017 term loans 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 Company was in compliance with all debt covenants as of June 30, 2017 . During the three and six months ended June 30, 2017 , less than $0.1 million and $0.1 million , respectively, of interest expense was capitalized associated with the buildout of the winemaking facility in West Richland, Washington (the “Washington Winemaking Facility”). A summary of debt maturity as of June 30, 2017 is as follows (in thousands): Principal due the remainder of 2017 $ 285 Principal due in 2018 1,140 Principal due in 2019 1,140 Principal due in 2020 1,140 Principal due in 2021 1,140 Principal due thereafter 20,035 Total $ 24,880

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity In March 2014, the Board of Directors of the Company authorized a share repurchase program (the “2014 Repurchase Program”) that provided for the repurchase of up to $2.0 million of outstanding common stock. Under the 2014 Repurchase Program, any repurchased shares were constructively retired, and on February 29, 2016, the 2014 Repurchase Program was completed. Under the total 2014 Repurchase Program the Company repurchased 228,522 shares 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 provided for the repurchase of up to $2.0 million of outstanding common stock. Under the 2016 Repurchase Program, any repurchased shares were constructively retired, and on November 14, 2016, the 2016 Repurchase Program was completed. Under the total 2016 Repurchase Program the Company repurchased 232,461 shares at an original repurchase price of $2.0 million . In November 2016, the Board of Directors of the Company authorized a third share repurchase program (the “2017 Repurchase Program”) that provides for the repurchase of up to $2.0 million of outstanding common stock. Under the 2017 Repurchase Program, any repurchased shares will be constructively retired. No shares have been repurchased under the 2017 Repurchase Program as of June 30, 2017 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rates for the three months ended June 30, 2017 and 2016 were 39.0% and 44.3% , respectively. The Company’s effective tax rates for the six months ended June 30, 2017 and 2016 were 38.7% and 42.4% , respectively. The consolidated income tax expense for the three and six months ended June 30, 2017 and 2016 was determined based upon estimates of the Company’s consolidated effective income tax rates for the years ending December 31, 2017 and 2016, respectively. The difference between the consolidated effective income tax rate and the U.S. federal statutory rate was primarily attributable to state taxes and the effect of certain permanent differences, which primarily consisted of meals and entertainment and the domestic production activity deduction. The Company does not have any amounts in its condensed consolidated balance sheet for unrecognized tax benefits related to uncertain tax positions at June 30, 2017 and December 31, 2016 .

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Company has identified two operating segments which are reportable segments for financial statement reporting purposes, Wholesale net sales and Direct to Consumer net sales, based upon their different distribution channels, margins and selling strategies. Wholesale net sales include all sales through a third party where prices are given at a wholesale rate, whereas Direct to Consumer net sales include retail sales in the tasting room, remote sites and on-site events, wine club net sales and other sales made directly to the consumer without the use of an intermediary. The two segments 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, 2017 and 2016 , 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) 2017 2016 2017 2016 2017 2016 2017 2016 Net sales $ 7,807 $ 8,626 $ 6,036 $ 5,514 $ 1,164 $ 1,095 $ 15,007 $ 15,235 Cost of sales 4,332 4,797 1,912 1,682 820 1,190 7,064 7,669 Gross profit (loss) 3,475 3,829 4,124 3,832 344 (95 ) 7,943 7,566 Operating expenses: Sales and marketing 1,441 1,522 1,709 1,534 753 822 3,903 3,878 General and administrative — — — — 2,637 2,624 2,637 2,624 Total operating expenses 1,441 1,522 1,709 1,534 3,390 3,446 6,540 6,502 Net loss on disposal of property and equipment — — — — 1 28 1 28 Income (loss) from operations $ 2,034 $ 2,307 $ 2,415 $ 2,298 $ (3,047 ) $ (3,569 ) $ 1,402 $ 1,036 Six Months Ended June 30, Wholesale Direct to Consumer Other/Non-Allocable Total (in thousands) 2017 2016 2017 2016 2017 2016 2017 2016 Net sales $ 16,828 $ 18,569 $ 11,131 $ 10,207 $ 1,897 $ 2,013 $ 29,856 $ 30,789 Cost of sales 9,164 10,388 3,429 3,112 1,535 2,068 14,128 15,568 Gross profit (loss) 7,664 8,181 7,702 7,095 362 (55 ) 15,728 15,221 Operating expenses: Sales and marketing 3,110 3,195 3,198 2,976 1,544 1,664 7,852 7,835 General and administrative — — — — 5,225 5,795 5,225 5,795 Total operating expenses 3,110 3,195 3,198 2,976 6,769 7,459 13,077 13,630 Net (gain) loss on disposal of property and equipment — — — — (1 ) 22 (1 ) 22 Income (loss) from operations $ 4,554 $ 4,986 $ 4,504 $ 4,119 $ (6,406 ) $ (7,536 ) $ 2,652 $ 1,569

Background and Basis of Prese18

Background and Basis of Presentation (Policy)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [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, 2016 , as filed with the SEC on Form 10-K (the “2016 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, 2016 was extracted from the audited annual consolidated financial statements and does not include all disclosures required by GAAP for annual financial statements.
Reclassification	Reclassifications Certain reclassifications have been made to the prior period unaudited interim condensed consolidated balance sheet and statement of cash flows to conform to the current period presentation. The reclassifications had no impact on previously reported equity or cash flows.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Subsequent to the filing of the 2016 Report there were no accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) that would have a material effect on Crimson’s unaudited interim condensed consolidated financial statements. The following table provides a brief description of recent accounting pronouncements adopted during the six months ended June 30, 2017 : ໿ Standard Description Date of adoption Effect on the financial statements or other significant matters Standards that were adopted ASU 2016-15, Statement of Cash Flows (Topic 230) Amends the guidance in Topic 230 on the classification of certain cash receipts and payments in the statement of cash flows. The primary purpose of the ASU is to reduce the diversity in practice that has resulted from the lack of consistent principles on this topic. January 1, 2017 The adoption of this standard did not have a material impact on the Company’s unaudited interim condensed consolidated financial statements. ASU 2015-11, Inventory (Topic 330) Topic 330, Inventory, currently requires an entity to measure inventory at the lower of cost or market, with market value represented by replacement cost, net realizable value or net realizable value less a normal profit margin. The amendments in ASU 2015-11 require an entity to measure inventory at the lower of cost or net realizable value. January 1, 2017 The adoption of this standard did not have a material impact on the Company’s unaudited interim condensed consolidated financial statements.

Acquisition of Seven Hills Wi19

Acquisition of Seven Hills Winery (Tables)	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Summary of Assets Acquired and Liabilities Assumed	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 4,148 Property and equipment 2,927 Intangible assets 600 Deferred tax asset 47 Total assets 7,954 Accounts payable and accruals 233 Net assets acquired 7,721 Goodwill 209 Total purchase price $ 7,930
Schedule of Intangible Assets Acquired	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

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Summary Of Inventory	A summary of inventory at June 30, 2017 and December 31, 2016 is as follows (in thousands): June 30, 2017 December 31, 2016 Case wine $ 37,589 $ 33,650 In-process wine 28,700 32,828 Packaging and bottling supplies 799 378 Total inventory $ 67,088 $ 66,856

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Summary Of Property And Equipment	A summary of property and equipment at June 30, 2017 and December 31, 2016 , and depreciation expense for the six months ended June 30, 2017 and 2016 , is as follows (in thousands): ໿ Depreciable Lives (in years) June 30, 2017 December 31, 2016 Land and improvements N/A $ 46,566 $ 46,564 Buildings and improvements 20-40 51,631 51,140 Vineyards, orchards and improvements 7-25 37,653 36,163 Winery and vineyard equipment 3-25 33,668 33,690 Caves 20-40 5,639 5,639 Vineyards under development N/A 2,543 3,176 Construction in progress N/A 8,527 3,788 Total 186,227 180,160 Accumulated depreciation and amortization (59,853 ) (56,899 ) Property and equipment, net $ 126,374 $ 123,261 Six Months Ended June 30, 2017 2016 Depreciation expense Capitalized into inventory $ 2,718 $ 2,531 Expensed to general and administrative 755 792 Total depreciation $ 3,473 $ 3,323

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule Of Available For Sale Securities	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, 2017 and December 31, 2016 are as follows (in thousands): June 30, 2017 Par Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Level 1 Level 2 Total Fair Value Measurements U.S. Treasury Note $ 6,000 $ 6,000 $ — $ (9 ) $ 5,991 $ — $ 5,991 Certificates of Deposit 14,000 14,000 11 (26 ) — 13,985 13,985 Total $ 20,000 $ 20,000 $ 11 $ (35 ) $ 5,991 $ 13,985 $ 19,976 December 31, 2016 U.S. Treasury Note $ 10,000 $ 10,000 $ — $ (5 ) $ 9,995 $ — $ 9,995 Certificates of Deposit 13,750 13,750 27 (18 ) — 13,759 13,759 Total $ 23,750 $ 23,750 $ 27 $ (23 ) $ 9,995 $ 13,759 $ 23,754

Intangible and Other Non-Curr23

Intangible and Other Non-Current Assets (Tables)	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Summary Of Intangible Assets	A summary of intangible and other non-current assets at June 30, 2017 and December 31, 2016 , and amortization expense for the six months ended June 30, 2017 and 2016 , is as follows (in thousands): June 30, 2017 December 31, 2016 Amortizable Lives (in years) Accumulated amortization Net book value Accumulated amortization Net book value Brand 15 - 17 $ 6,310 $ 11,690 $ 5,779 $ 12,221 Distributor relationships 10 - 14 1,144 1,556 1,046 1,654 Customer relationships 7 1,651 249 1,515 385 Legacy permits 14 109 141 100 150 Trademark 20 88 112 83 117 Total $ 9,302 $ 13,748 $ 8,523 $ 14,527 Other non-current assets 257 252 Total intangible and other non-current assets, net $ 14,005 $ 14,779 Six Months Ended Amortization expense 2017 2016 Total amortization expense $ 779 $ 778
Amortization Expense for Intangible Assets	The estimated aggregate future amortization as of June 30, 2017 for the next five years and thereafter is identified below (in thousands): Amortization Remainder of 2017 $ 778 2018 1,402 2019 1,286 2020 1,286 2021 1,286 Thereafter 7,710 Total $ 13,748

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Schedule of other accrued expenses	Other accrued expenses consisted of the following as of June 30, 2017 and December 31, 2016 (in thousands): June 30, 2017 December 31, 2016 Accrued compensation related expenses $ 2,259 $ 2,428 Accounts payable 1,140 5,863 Acquisition of property and equipment 985 1,098 Depletion allowance 525 583 Accrued taxes 371 — Production and farming 302 381 Contingent liability related to Seven Hills Winery 290 697 Sales and marketing 124 352 Accrued interest — 224 Other accrued expenses 354 166 Total accounts payable and accrued liabilities $ 6,350 $ 11,792

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of Debt	Details of the Company's debt as of June 30, 2017 and December 31, 2016 were as follows (dollars in thousands): June 30, 2017 December 31, 2016 Current Long-term Total Current Long-term Total Interest Rate Maturity Date 2015 Term Loan $ 640 $ 14,240 $ 14,880 $ 640 $ 14,720 $ 15,360 5.24% October 1, 2040 2017 Term Loan 500 9,500 10,000 — — — 5.39% July 1, 2037 Total debt 1,140 23,740 24,880 640 14,720 15,360 Unamortized loan fees (13 ) (128 ) (141 ) (6 ) (72 ) (78 ) Total debt, net of unamortized loan fees $ 1,127 $ 23,612 $ 24,739 $ 634 $ 14,648 $ 15,282
Schedule of Maturities of Long-term Debt	A summary of debt maturity as of June 30, 2017 is as follows (in thousands): Principal due the remainder of 2017 $ 285 Principal due in 2018 1,140 Principal due in 2019 1,140 Principal due in 2020 1,140 Principal due in 2021 1,140 Principal due thereafter 20,035 Total $ 24,880

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Schedule Of Segment Reporting	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, 2017 and 2016 , 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) 2017 2016 2017 2016 2017 2016 2017 2016 Net sales $ 7,807 $ 8,626 $ 6,036 $ 5,514 $ 1,164 $ 1,095 $ 15,007 $ 15,235 Cost of sales 4,332 4,797 1,912 1,682 820 1,190 7,064 7,669 Gross profit (loss) 3,475 3,829 4,124 3,832 344 (95 ) 7,943 7,566 Operating expenses: Sales and marketing 1,441 1,522 1,709 1,534 753 822 3,903 3,878 General and administrative — — — — 2,637 2,624 2,637 2,624 Total operating expenses 1,441 1,522 1,709 1,534 3,390 3,446 6,540 6,502 Net loss on disposal of property and equipment — — — — 1 28 1 28 Income (loss) from operations $ 2,034 $ 2,307 $ 2,415 $ 2,298 $ (3,047 ) $ (3,569 ) $ 1,402 $ 1,036 Six Months Ended June 30, Wholesale Direct to Consumer Other/Non-Allocable Total (in thousands) 2017 2016 2017 2016 2017 2016 2017 2016 Net sales $ 16,828 $ 18,569 $ 11,131 $ 10,207 $ 1,897 $ 2,013 $ 29,856 $ 30,789 Cost of sales 9,164 10,388 3,429 3,112 1,535 2,068 14,128 15,568 Gross profit (loss) 7,664 8,181 7,702 7,095 362 (55 ) 15,728 15,221 Operating expenses: Sales and marketing 3,110 3,195 3,198 2,976 1,544 1,664 7,852 7,835 General and administrative — — — — 5,225 5,795 5,225 5,795 Total operating expenses 3,110 3,195 3,198 2,976 6,769 7,459 13,077 13,630 Net (gain) loss on disposal of property and equipment — — — — (1 ) 22 (1 ) 22 Income (loss) from operations $ 4,554 $ 4,986 $ 4,504 $ 4,119 $ (6,406 ) $ (7,536 ) $ 2,652 $ 1,569

Background and Basis of Prese27

Background and Basis of Presentation (Narrative) (Details)	6 Months Ended
	Jun. 30, 2017wineryl
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Price per bottle, low range	15
ML per bottle of wine | l	750
Number of wineries owned | winery	6

Acquisition of Seven Hills Wi28

Acquisition of Seven Hills Winery (Narrative) (Details) $ in Thousands	Jan. 27, 2016USD ($)subsidiary	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Business Acquisition [Line Items]
Number of wholly-owned subsidiaries | subsidiary	1
Cash purchase price				$ 0	$ 7,320
Contingent consideration		$ 290		290		$ 697
Revenues		15,007	$ 15,235	29,856	30,789
Net loss		898	514	1,647	745
Goodwill		1,262		1,262		1,262
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
Future earn-out payment	$ 800
Period in which certain achievements affect the future earn-out payment	38 months
Acquisition related costs						$ 300
Goodwill	$ 209
Intangible assets	$ 600
Fair value of the contingent consideration		$ 700	300	$ 300	300
Seven Hills Winery [Member] | General and Administrative Expense [Member]
Business Acquisition [Line Items]
Acquisition related costs			$ 100		$ 200

Acquisition of Seven Hills Wi29

Acquisition of Seven Hills Winery (Summary of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jan. 27, 2016
Business Acquisition [Line Items]
Goodwill	$ 1,262	$ 1,262
Seven Hills Winery [Member]
Business Acquisition [Line Items]
Accounts receivable			$ 232
Inventory			4,148
Property and equipment			2,927
Intangible assets			600
Deferred tax asset			47
Total assets			7,954
Accounts payable and accruals			233
Net assets acquired			7,721
Goodwill			209
Total purchase price			$ 7,930

Acquisition of Seven Hills Wi30

Acquisition of Seven Hills Winery (Schedule of Intangible Assets Acquired) (Details) - Seven Hills Winery [Member] $ in Thousands	Jan. 27, 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, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Case wine	$ 37,589	$ 33,650
In-process wine	28,700	32,828
Packaging and bottling supplies	799	378
Total inventory	$ 67,088	$ 66,856

Property and Equipment (Summary

Property and Equipment (Summary Of Property And Equipment) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 186,227		$ 180,160
Accumulated depreciation and amortization	(59,853)		(56,899)
Property and equipment, net	126,374		123,261
Depreciation capitalized into inventory	2,718	$ 2,531
Depreciation expensed to general and administrative	755	792
Total depreciation	3,473	$ 3,323
Land And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	46,566		46,564
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 51,631		51,140
Buildings And Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Depreciable Lives	20 years
Buildings And Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Depreciable Lives	40 years
Vineyards, Orchards And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 37,653		36,163
Vineyards, Orchards And Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Depreciable Lives	7 years
Vineyards, Orchards And Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Depreciable Lives	25 years
Winery And Vineyard Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 33,668		33,690
Winery And Vineyard Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Depreciable Lives	3 years
Winery And Vineyard Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Depreciable Lives	25 years
Caves [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,639		5,639
Caves [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Depreciable Lives	20 years
Caves [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Depreciable Lives	40 years
Vineyards Under Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,543		3,176
Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 8,527		$ 3,788

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gross unrealized losses on available-for-sale securities	$ 35,000	$ 23,000
Assets measured at fair value	0	0
Liabilities measured at fair value	0	$ 0
Fair value of outstanding debt	24,400,000
Total	$ 24,880,000
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment maturity period	3 years
Gross unrealized losses on available-for-sale securities	$ 100,000

Financial Instruments (Schedule

Financial Instruments (Schedule Of Available For Sale Securities) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Par Value	$ 20,000	$ 23,750
Amortized Cost	20,000	23,750
Gross Unrealized Gains	11	27
Gross Unrealized Losses	(35)	(23)
Total Fair Value Measurements	19,976	23,754
Level 1 [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Fair Value Measurements	5,991	9,995
Level 2 [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Fair Value Measurements	13,985	13,759
U.S. Treasury Note [Member]
Schedule of Available-for-sale Securities [Line Items]
Par Value	6,000	10,000
Amortized Cost	6,000	10,000
Gross Unrealized Gains	0
Gross Unrealized Losses	(9)	(5)
Total Fair Value Measurements	5,991	9,995
U.S. Treasury Note [Member] | Level 1 [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Fair Value Measurements	5,991	9,995
U.S. Treasury Note [Member] | Level 2 [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Fair Value Measurements	0	0
Certificates Of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Par Value	14,000	13,750
Amortized Cost	14,000	13,750
Gross Unrealized Gains	11	27
Gross Unrealized Losses	(26)	(18)
Total Fair Value Measurements	13,985	13,759
Certificates Of Deposit [Member] | Level 1 [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Fair Value Measurements	0	0
Certificates Of Deposit [Member] | Level 2 [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Fair Value Measurements	$ 13,985	$ 13,759

Intangible and Other Non-Curr35

Intangible and Other Non-Current Assets (Summary Of Intangible Assets) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ 9,302		$ 8,523
Total intangible assets, net	13,748		14,527
Other non-current assets	257		252
Total intangible and other non-current assets	14,005		14,779
Amortization expense	779	$ 778
Brand [Member]
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	6,310		5,779
Total intangible assets, net	$ 11,690		12,221
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]
Accumulated amortization	$ 1,144		1,046
Total intangible assets, net	$ 1,556		1,654
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
Accumulated amortization	$ 1,651		1,515
Total intangible assets, net	$ 249		385
Legacy Permits [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable Lives	14 years
Accumulated amortization	$ 109		100
Total intangible assets, net	$ 141		150
Trademark [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable Lives	20 years
Accumulated amortization	$ 88		83
Total intangible assets, net	$ 112		$ 117

Intangible and Other Non-Curr36

Intangible and Other Non-Current Assets (Amortization expense for Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2017	$ 778
2,018	1,402
2,019	1,286
2,020	1,286
2,021	1,286
Thereafter	7,710
Total	$ 13,748	$ 14,527

Other Accrued Expenses (Schedul

Other Accrued Expenses (Schedule of other accrued expenses) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Accrued compensation related expenses	$ 2,259	$ 2,428
Accounts payable	1,140	5,863
Depletion allowance	525	583
Accrued taxes	371	0
Production and farming	302	381
Contingent liability related to Seven Hills Winery	290	697
Sales and marketing	124	352
Acquisition of property and equipment	985	1,098
Accrued interest	0	224
Other accrued expenses	354	166
Total accounts payable and accrued liabilities	$ 6,350	$ 11,792

Debt Schedule of Debt (Details)

Debt Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 29, 2017	Dec. 31, 2016	Nov. 10, 2015
Debt Instrument [Line Items]
Total	$ 24,880
Unamortized loan fees, current portion	13		$ 6
Unamortized loan fees, noncurrent portion	128		72
Unamortized loan fees, total	141		78
Current portion of long-term debt, net of unamortized loan fees	1,127		634
Long-term debt, net of current portion and unamortized loan fees	23,612		14,648
Total debt, net of unamortized loan fees	24,739		15,282
Secured Debt [Member]
Debt Instrument [Line Items]
Current	1,140		640
Long-term	23,740		14,720
Total	24,880		15,360
Secured Debt [Member] | American AgCredit (FLCA), 2015 Term Loan [Member]
Debt Instrument [Line Items]
Current	640		640
Long-term	14,240		14,720
Total	$ 14,880		$ 15,360
Interest Rate	5.24%		5.24%	5.24%
Secured Debt [Member] | American AgCredit (FLCA), 2017 Term Loan [Member]
Debt Instrument [Line Items]
Current	$ 500		$ 0
Long-term	9,500		0
Total	$ 10,000		$ 0
Interest Rate	5.39%	5.39%	5.39%

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	3 Months Ended	6 Months Ended		49 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017	Jun. 29, 2017	Dec. 31, 2016	Nov. 10, 2015	Mar. 31, 2013
Line of Credit Facility [Line Items]
Unamortized loan fees		$ 3,000	$ 3,000
Interest expense capitalized	$ 100,000	100,000
Minimum [Member]
Line of Credit Facility [Line Items]
Unused line fee (percent)				0.15%
Maximum [Member]
Line of Credit Facility [Line Items]
Unused line fee (percent)				0.25%
Secured Debt [Member] | American AgCredit (FLCA), 2015 Term Loan [Member]
Line of Credit Facility [Line Items]
Principle amount	$ 14,900,000	$ 14,900,000					$ 16,000,000
Interest Rate	5.24%	5.24%				5.24%	5.24%
Maturity date		Oct. 1, 2040
Principle payment		$ 160,000
Debt issuance cost	$ 100,000	100,000
Unamortized loan fees		100,000
Secured Debt [Member] | American AgCredit (FLCA), 2017 Term Loan [Member]
Line of Credit Facility [Line Items]
Principle amount	$ 10,000,000	$ 10,000,000			$ 10,000,000
Interest Rate	5.39%	5.39%			5.39%	5.39%
Principle payment		$ 125,000
Debt issuance cost	$ 100,000	100,000
Unamortized loan fees		100,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility borrowing capacity	10,000,000	$ 10,000,000
Credit facility term		5 years
Revolving Credit Facility [Member] | American AgCredit (FLCA), 2015 Term Loan [Member]
Line of Credit Facility [Line Items]
Credit facility borrowing capacity								$ 60,000,000
Borrowed amount	0	$ 0
Term Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility borrowing capacity	$ 50,000,000	$ 50,000,000
Credit facility term		15 years

Debt Long-term Debt Maturities

Debt Long-term Debt Maturities (Details) $ in Thousands	Jun. 30, 2017USD ($)
Maturities of Long-term Debt [Abstract]
Principal due the remainder of 2017	$ 285
Principal due in 2018	1,140
Principal due in 2019	1,140
Principal due in 2020	1,140
Principal due in 2021	1,140
Principal due thereafter	20,035
Total	$ 24,880

Stockholders_ Equity (Narrative

Stockholders’ Equity (Narrative) (Details) - USD ($) $ in Millions	Feb. 29, 2016	Nov. 30, 2016	Nov. 04, 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 (in shares)	228,522
Shares retired repurchase cost	$ 2	$ 2
March 2016 Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Share repurchase program amount authorized				$ 2
Repurchased shares retired (in shares)			232,461
Shares retired repurchase cost			$ 2

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Effective tax rate	39.00%	44.30%	38.70%	42.40%
Unrecognized tax benefits	$ 0		$ 0		$ 0

Business Segment Information (N

Business Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2017segments
Segment Reporting [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, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Net sales	$ 15,007	$ 15,235	$ 29,856	$ 30,789
Cost of sales	7,064	7,669	14,128	15,568
Gross profit	7,943	7,566	15,728	15,221
Sales and marketing	3,903	3,878	7,852	7,835
General and administrative	2,637	2,624	5,225	5,795
Total operating expenses	6,540	6,502	13,077	13,630
Net loss on disposal of property and equipment	1	28	(1)	22
Income from operations	1,402	1,036	2,652	1,569
Operating Segments [Member] | Wholesale [Member]
Segment Reporting Information [Line Items]
Net sales	7,807	8,626	16,828	18,569
Cost of sales	4,332	4,797	9,164	10,388
Gross profit	3,475	3,829	7,664	8,181
Sales and marketing	1,441	1,522	3,110	3,195
General and administrative	0	0	0	0
Total operating expenses	1,441	1,522	3,110	3,195
Net loss on disposal of property and equipment	0	0	0	0
Income from operations	2,034	2,307	4,554	4,986
Operating Segments [Member] | Direct to Consumer [Member]
Segment Reporting Information [Line Items]
Net sales	6,036	5,514	11,131	10,207
Cost of sales	1,912	1,682	3,429	3,112
Gross profit	4,124	3,832	7,702	7,095
Sales and marketing	1,709	1,534	3,198	2,976
General and administrative	0	0	0	0
Total operating expenses	1,709	1,534	3,198	2,976
Net loss on disposal of property and equipment	0	0	0	0
Income from operations	2,415	2,298	4,504	4,119
Operating Segments [Member] | Other/Non-Allocable [Member]
Segment Reporting Information [Line Items]
Net sales	1,164	1,095	1,897	2,013
Cost of sales	820	1,190	1,535	2,068
Gross profit	344	(95)	362	(55)
Sales and marketing	753	822	1,544	1,664
General and administrative	2,637	2,624	5,225	5,795
Total operating expenses	3,390	3,446	6,769	7,459
Net loss on disposal of property and equipment	1	28	(1)	22
Income from operations	$ (3,047)	$ (3,569)	$ (6,406)	$ (7,536)