Crimson Wine (CWGL) 10-Q8 Nov 192019 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2019	Nov. 05, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	true
Document Period End Date	Sep. 30, 2019
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Entity Registrant Name	Crimson Wine Group, Ltd
Entity Central Index Key	0001562151
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		23,421,098

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 15,220	$ 9,376
Available for sale debt securities	9,766	19,213
Accounts receivable, net	6,801	7,285
Inventory	75,882	77,267
Other current assets	4,077	1,955
Assets held for sale	3,385	638
Total current assets	115,131	115,734
Property and equipment, net	119,948	126,230
Goodwill	1,262	1,262
Intangible and other non-current assets, net	10,993	11,859
Total non-current assets	132,203	139,351
Total assets	247,334	255,085
Current liabilities:
Accounts payable and accrued liabilities	11,040	12,595
Customer deposits	1,381	375
Current portion of long-term debt, net of unamortized loan fees	1,126	1,125
Total current liabilities	13,547	14,095
Long-term debt, net of current portion and unamortized loan fees	21,336	22,180
Deferred tax liability, net	5,660	5,608
Other non-current liabilities	0	23
Total non-current liabilities	26,996	27,811
Total liabilities	40,543	41,906
Commitments and Contingencies (Note 13)
Equity
Common shares, par value $0.01 per share, authorized 150,000,000 shares; 23,495,502 and 23,714,208 shares issued and outstanding at September 30, 2019 and December 31, 2018	235	237
Additional paid-in capital	277,520	277,520
Accumulated other comprehensive income (loss)	20	(19)
Accumulated deficit	(70,984)	(64,559)
Total equity	206,791	213,179
Total liabilities and equity	$ 247,334	$ 255,085

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
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)	23,495,502	23,714,208
Common shares, shares outstanding (in shares)	23,495,502	23,714,208

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Net sales	$ 14,672	$ 16,820	$ 46,192	$ 47,331
Cost of sales	10,344	9,080	27,497	24,618
Gross profit	4,328	7,740	18,695	22,713
Operating expenses:
Sales and marketing	4,716	4,205	13,785	12,256
General and administrative	2,833	2,752	8,909	8,081
Total operating expenses	7,549	6,957	22,694	20,337
Net loss (gain) on disposal of property and equipment	204	(11)	173	94
Restructuring charges	0	70	76	662
Impairment charges	625	0	1,860	0
(Loss) income from operations	(4,050)	724	(6,108)	1,620
Other (expense) income:
Interest expense, net	(367)	(333)	(730)	(843)
Other income, net	335	636	442	713
Total other (expense) income, net	(32)	303	(288)	(130)
(Loss) income before income taxes	(4,082)	1,027	(6,396)	1,490
Income tax (benefit) provision	(963)	261	(1,694)	398
Net (loss) income	$ (3,119)	$ 766	$ (4,702)	$ 1,092
Basic and fully diluted weighted-average shares outstanding (in shares)	23,521	23,851	23,564	23,940
Basic and fully diluted earnings (loss) per share (in dollars per share)	$ (0.13)	$ 0.03	$ (0.20)	$ 0.05

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Losses and Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (3,119)	$ 766	$ (4,702)	$ 1,092
Other comprehensive (loss) income:
Net unrealized holding gains (losses) on investments arising during the period, net of tax	2	17	39	(1)
Comprehensive (loss) income	$ (3,117)	$ 783	$ (4,663)	$ 1,091

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Net cash flows from operating activities:
Net (loss) income	$ (4,702)	$ 1,092
Adjustments to reconcile net (loss) income to net cash provided by operations:
Depreciation and amortization of property and equipment	5,820	5,652
Amortization of intangible assets	965	1,077
Amortization of loan fees	11	12
Loss on change in fair value of contingent consideration liability	4	9
Loss on write-down of inventory	1,581	131
Net loss (gain) on disposal of property and equipment	173	94
Deferred Rent	0	(30)
Restructuring charges	76	662
Impairment charges	1,916	24
Net change in operating assets and liabilities:
Accounts receivable	484	(3,332)
Inventory	(196)	(2,378)
Other current assets	(2,122)	(202)
Other non-current assets	(99)	(8)
Accounts payable and accrued liabilities	(1,952)	2,047
Customer deposits	1,006	822
Other non-current liabilities	14	0
Net cash provided by operating activities	2,979	5,672
Net cash flows from investing activities:
Purchase of investments available for sale	(7,250)	(6,500)
Redemptions of investments available for sale	16,750	11,750
Acquisition of property and equipment	(4,085)	(4,588)
Proceeds from disposals of property and equipment	142	51
Net cash provided by investing activities	5,557	713
Net cash flows from financing activities:
Principal payments on long-term debt	(855)	(855)
Repurchase of common stock	(1,725)	(2,004)
Payment of contingent consideration liability	(112)	(141)
Payment of loan fees	0	(42)
Net cash used in financing activities	(2,692)	(3,042)
Net increase in cash and cash equivalents	5,844	3,343
Cash and cash equivalents - beginning of period	9,376	9,792
Cash and cash equivalents - end of period	15,220	13,135
Cash paid during the period for:
Interest, net of capitalized interest	921	1,000
Income tax payments, net	0	0
Non-cash investing activity:
Unrealized holding gains (losses) on investments, net of tax	39	(1)
Acquisition of property and equipment accrued but not yet paid	$ 431	$ 133

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Balance at Dec. 31, 2017	$ 213,719	$ 240	$ 277,520	$ (23)	$ (64,018)
Balance (in shares) at Dec. 31, 2017		23,997,385
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	1,092				1,092
Other comprehensive income (losses)	(1)			(1)
Repurchase of common stock (in shares)		(217,377)
Repurchase of common stock	(2,005)	$ (2)			(2,003)
Balance at Sep. 30, 2018	212,805	$ 238	277,520	(24)	(64,929)
Balance (in shares) at Sep. 30, 2018		23,780,008
Balance at Dec. 31, 2018	213,179	$ 237	277,520	(19)	(64,559)
Balance (in shares) at Dec. 31, 2018		23,714,208
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(4,702)				(4,702)
Other comprehensive income (losses)	39			39
Repurchase of common stock (in shares)		(218,706)
Repurchase of common stock	(1,725)	$ (2)			(1,723)
Balance at Sep. 30, 2019	$ 206,791	$ 235	$ 277,520	$ 20	$ (70,984)
Balance (in shares) at Sep. 30, 2019		23,495,502

Background and Basis of Present

Background and Basis of Presentation	9 Months Ended
Background and Basis of Presentation	Sep. 30, 2019
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 $16 per 750ml bottle). Crimson is headquartered in Napa, California and through its subsidiaries owns seven primary wine estates and brands: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery and Malene Wines. Financial Statement Preparation The accompanying unaudited interim 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, 2018 , as filed with the SEC on Form 10-K (the “2018 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, 2018 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 and in Note 13 “Commitments and Contingencies,” there were no changes to the Company’s significant accounting policies during the nine months ended September 30, 2019 . See Note 2 to the 2018 Report for a description of the Company’s significant accounting policies. Change in Accounting Estimate In a strategic effort to maximize asset utilization in 2019, the Company increased focus on supply chain management. The Company reduced planned bottling of bulk wine on hand in an effort to re-align supply with changes in forecasted demand. In the third quarter of 2019, the Company finalized a review of standard overhead applied to bulk wine inventory and bulk wine inventory reserves in the current market and subsequently increased its reserve estimate from 50% to 75% of total projected bulk wine sale losses. As a result of this change in estimate, bulk wine inventory was reduced by $1.2 million , resulting in a decrease to net income of $1.2 million or $0.05 per diluted share for fiscal 2019. Reclassifications Certain reclassifications have been made to prior period unaudited interim condensed consolidated balance sheets and statements of cash flows to conform to current period presentation. The reclassifications had no impact on previously reported net (loss) income, equity or cash flows. Recent Accounting Pronouncements Subsequent to the filing of the 2018 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 an update of accounting pronouncements applicable to Crimson that are not yet adopted as of September 30, 2019 and a description of accounting pronouncements that were adopted during the nine months ended September 30, 2019 : ໿ Standard Description Date of adoption Effect on the financial statements or other significant matters Standards that are not yet adopted Accounting Standard Update (“ASU”) 2017-04, Goodwill and Other (Topic 350) Eliminates Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. January 1, 2020, early adoption is permitted for the Company. Management is currently evaluating the potential impact of this guidance on the Company’s unaudited interim condensed consolidated financial statements. ASU 2018-13, Fair Value Measurement (Topic 820) Improves the disclosures related to fair value by removing, modifying or adding disclosure requirements related to recurring and non-recurring fair value measurements. January 1, 2020, early adoption is permitted for the Company. Management is currently evaluating the potential impact of this guidance on the Company’s unaudited interim condensed consolidated financial statements. ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) Aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirement of capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include internal-use software license). January 1, 2020, early adoption is permitted for the Company. Management is currently evaluating the potential impact of this guidance on the Company’s unaudited interim condensed consolidated financial statements. Standards that were adopted ASU 2016-02, Leases (Topic 842) (Subsequently updated with ASU 2018-01) Increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. January 1, 2019 The Company adopted ASU 2016-02 using the modified retrospective method in Q1 2019. The Company recognized a right-of-use asset and a lease liability associated with its long-term operating leases on the Company’s unaudited interim condensed consolidated financial statements. See Note 13 “Commitments and Contingencies,” for further information. ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) Allows the Company to elect to reclassify the stranded tax effects related to the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income into retained earnings. January 1, 2019 The adoption of this standard did not have an impact on the Company’s unaudited interim condensed consolidated financial statements.

Revenue

Revenue	9 Months Ended
Revenue	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue Recognition Revenue is recognized once performance obligations under the terms of the Company’s contracts with its customers have been satisfied; this occurs at a point in time when control of the promised product or service is transferred to customers. Generally, the majority of the Company’s contracts with its customers have a single performance obligation and are short term in nature. Revenue is measured in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. Revenue is recognized net of any taxes collected from customers, which are subsequently remitted to governmental authorities. The Company accounts for shipping and handling activities as costs to fulfill its promise to transfer the associated products. Accordingly, the Company records amounts billed for shipping and handling costs as a component of net sales, and classifies such costs as a component of costs of sales. The Company’s products are generally not sold with a right of return unless the product is spoiled or damaged. Historically, returns have not been material to the Company. Wholesale Segment The Company sells its wine to wholesale distributors under purchase orders. The Company transfers control and recognizes revenue for these orders upon shipment of the wine out of the Company’s third-party warehouse facilities. Payment terms to wholesale distributors typically range from 30 to 120 days. The Company pays depletion allowances to its wholesale distributors based on their sales to their customers. The Company estimates these depletion allowances and records such estimates in the same period the related revenue is recognized, resulting in a reduction of wholesale product revenue and the establishment of a current liability. Subsequently, wholesale distributors will bill the Company for actual depletions, which may be different from the Company’s estimate. Any such differences are recognized in sales when the bill is received. The Company has historically been able to estimate depletion allowances without material differences between actual and estimated expense. Direct to Consumer Segment The Company sells its wine and other merchandise directly to consumers through wine club memberships, at the wineries’ tasting rooms and through the internet. Wine club membership sales are made under contracts with customers, which specify the quantity and timing of future wine shipments. Customer credit cards are charged in advance of quarterly wine shipments in accordance with each contract. The Company transfers control and recognizes revenue for these contracts upon shipment of the wine to the customer. Tasting room and internet wine sales are paid for at the time of sale. The Company transfers control and recognizes revenue for this wine when the product is either received by the customer (on-site tasting room sales) or upon shipment to the customer (internet sales). Other From time to time, the Company sells grapes or bulk wine because the grapes or wine do not meet the quality standards for the Company’s products, market conditions have changed resulting in reduced demand for certain products, or because the Company may have produced more of a particular varietal than it can use. Grape and bulk sales are made under contracts with customers which include product specification requirements, pricing and payment terms. Payment terms under grape contracts are generally structured around the timing of the harvest of the grapes and are generally due 30 days from the time the grapes are delivered. Payment terms under bulk wine contracts are generally 30 days from the date of shipment and may include an upfront payment upon signing of the sales agreement. The Company transfers control and recognizes revenue for grape sales when product specification has been met and title to the grapes has transferred, which is generally on the date the grapes are harvested, weighed and shipped. The Company transfers control and recognizes revenue for bulk contracts upon shipment. The Company provides custom winemaking services at Double Canyon’s state-of-the-art Washington Winemaking Facility. Custom winemaking services are made under contracts with customers which include specific protocols, pricing, and payment terms and generally have a duration of less than one year. The customer retains title and control of the wine during the winemaking process. The Company recognizes revenue when contract specific performance obligations are met. Estates hold various public and private events for customers and their wine club members. Upfront consideration received from the sale of tickets or under private event contracts for future events is recorded as deferred revenue. The balance of payments are due on the date of the event. The Company recognizes event revenue on the date the event is held. Other revenue also includes tasting fees and retail merchandise sales, which are paid for and received or consumed at the time of sale. The Company transfers control and recognizes revenue at the time of sale. Refer to Note 12, “Business Segment Information,” for revenue by sales channel amounts for the three and nine months ended September 30, 2019 and 2018 . Contract Balances When the Company receives payments from customers prior to transferring goods or services under the terms of a contract, the Company records deferred revenue, which it classifies as customer deposits on its condensed consolidated balance sheets, and represents a contract liability. The following table reflects changes in the contract liability balance during the nine months ended September 30, 2019 and 2018 (in thousands): September 30, 2019 September 30, 2018 Outstanding at beginning of period (December 31) $ 375 $ 593 Increase (decrease) attributed to: Upfront payments 38,983 38,728 Revenue recognized (37,977 ) (37,906 ) Outstanding at end of period $ 1,381 $ 1,415 Revenue recognized during the nine months ended September 30, 2019 and 2018 , which was included in the opening contract liability balances for those periods, consisted primarily of wine club revenue, grape and bulk sales and event fees. Accounts Receivable Accounts receivable are reported at net realizable value. Credit is extended based on an evaluation of the customer’s financial condition. Accounts are charged against the allowance for bad debt as they are deemed uncollectable based on a periodic review of the accounts. In evaluating the collectability of individual receivable balances, the Company considers several factors, including the age of the balance, the customer’s historical payment history, its current credit worthiness and current economic trends. The Company’s accounts receivable balance is net of an allowance for doubtful accounts of $0.1 million at September 30, 2019 and December 31, 2018 .

Restructuring

Restructuring	9 Months Ended
Restructuring	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring During 2018, the Company committed to various restructuring activities including the termination of a vineyard operating lease agreement in Oregon and certain departmental reorganizations. Restructuring charges of $0.1 million and $0.7 million were incurred in the nine months ended September 30, 2019 and 2018, respectively. The Company has incurred $1.4 million of restructuring charges inception-to-date consisting of $0.4 million of asset impairment charges associated with leasehold improvements under the terminated vineyard operating lease agreement, $0.9 million employee related costs, and $0.1 million of other restructuring costs associated with departmental reorganization activities. The fair value of impaired leasehold improvements was determined using the undiscounted cash flows expected to result from the use and eventual disposition of the assets. The Company’s restructuring activities were substantially complete as of March 31, 2019. The Company recorded no additional liability for restructuring charges and paid $0.2 million in previously accrued employee related restructuring activities during the nine months ended September 30, 2019 . The liability related to restructuring activities was $0.4 million and $0.6 million at September 30, 2019 and December 31, 2018 , respectively.

Inventory

Inventory	9 Months Ended
Inventory	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventory	Inventory A summary of inventory at September 30, 2019 and December 31, 2018 is as follows (in thousands): September 30, 2019 December 31, 2018 Finished goods $ 45,667 $ 37,447 In-process goods 29,609 38,902 Packaging and bottling supplies 606 918 Total inventory $ 75,882 $ 77,267 The Company's inventory reserve balance was $1.7 million as of September 30, 2019 and $0.4 million as of December 31, 2018 .

Property and Equipment

Property and Equipment	9 Months Ended
Property and Equipment	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment A summary of property and equipment at September 30, 2019 and December 31, 2018 and depreciation and amortization expense for the three and nine months ended September 30, 2019 and 2018 , is as follows (in thousands): ໿ Depreciable Lives (in years) September 30, 2019 December 31, 2018 Land and improvements N/A $ 44,926 $ 46,164 Buildings and improvements 20-40 59,722 60,229 Winery and vineyard equipment 3-25 41,100 40,724 Vineyards, orchards and improvements 7-25 32,599 36,458 Caves 20-40 5,639 5,639 Vineyards under development N/A 3,327 3,943 Construction in progress N/A 3,148 1,554 Total 190,461 194,711 Accumulated depreciation and amortization (70,513 ) (68,481 ) Total property and equipment, net $ 119,948 $ 126,230 Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Capitalized into inventory $ 1,436 $ 1,468 $ 4,414 $ 4,400 Expensed to general and administrative 452 435 1,406 1,252 Total depreciation and amortization $ 1,888 $ 1,903 $ 5,820 $ 5,652 During 2018, the Company began actively marketing 36 acres of apple orchards for sale as it does not intend to replant these orchards with vineyards and subsequently reclassified $0.6 million from property and equipment to assets held for sale. In each of the nine months ended September 30, 2019 and 2018 , the Company recorded an impairment charge of less than $0.1 million to write-down the carrying value of the apple orchards to fair value less cost to sell. These impairment charges were recorded to other income (expense), net in the unaudited interim condensed consolidated statements of operations. During the second quarter of 2019, the Company placed 124 acres of land, composed of 15 acres of vineyards and 109 acres of fallow land, for sale and reclassified an additional $1.2 million from property and equipment to assets as held for sale. In October 2019, the Company finalized a sales agreement to sell the land for $0.7 million and recorded an impairment charge of $0.5 million to write-down the carrying value to the price in the sales agreement. In the third quarter of 2019, the impairment charge was recorded to (loss) income from operations, net in the unaudited interim condensed consolidated statements of operations. The sale of the land closed in October 2019. In the third quarter of 2019, the Company authorized plans to list for sale a vineyard consisting of 181.1 acres, of which 92.8 acres are planted with wine grapes, in Klickitat County, Washington. As part of the process to determine the sale price of the property, the Company obtained an appraisal of the property in the second quarter of 2019. As a result, the Company recorded an impairment loss of $1.2 million to write-down the carrying value of the vineyard to the appraised fair value less cost to sell in the second quarter of 2019. The Company recorded an additional impairment of $0.1 million in the third quarter of 2019 due to the write-down of in progress vineyard development. These impairment charges were recorded to (loss) income from operations, net in the unaudited interim condensed consolidated statements of operations. The Company reclassified $2.1 million from property and equipment to assets held for sale related to the vineyard as of September 30, 2019 . As of September 30, 2019 , the Company had $3.4 million of assets held for sale classified as current assets on its condensed consolidated balance sheet. The Company expects to complete the sale of both the apple orchards and vineyard within the next twelve months.

Financial Instruments

Financial Instruments	9 Months Ended
Financial Instruments	Sep. 30, 2019
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 two years or less. The par value, amortized cost, gross unrealized gains and losses and estimated fair value of investments classified as available for sale as of September 30, 2019 and December 31, 2018 are as follows (in thousands): September 30, 2019 Par Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Level 1 Level 2 Total Fair Value Measurements Certificates of Deposit $ 9,750 $ 9,750 $ 16 $ — $ — $ 9,766 $ 9,766 December 31, 2018 Par Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Level 1 Level 2 Total Fair Value Measurements Certificates of Deposit $ 19,250 $ 19,250 $ — $ (37 ) $ — $ 19,213 $ 19,213 As of September 30, 2019 and December 31, 2018 , other than the assets which were impaired in the current period, 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 September 30, 2019 , the Company has estimated the fair value of its outstanding debt to be approximately $22.9 million compared to its carrying value of $22.6 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	9 Months Ended
Intangible and Other Non-Current Assets	Sep. 30, 2019
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 September 30, 2019 and December 31, 2018 , and amortization expense for the nine months ended September 30, 2019 and 2018 , is as follows (in thousands): September 30, 2019 December 31, 2018 Amortizable lives (in years) Gross carrying amount Accumulated amortization Net book value Gross carrying amount Accumulated amortization Net book value Brand 15 - 17 $ 18,000 $ 8,701 $ 9,299 $ 18,000 $ 7,904 $ 10,096 Distributor relationships 10 - 14 2,700 1,584 1,116 2,700 1,438 1,262 Customer relationships 7 1,900 1,900 — 1,900 1,900 — Legacy permits 14 250 149 101 250 135 115 Trademark 20 200 111 89 200 103 97 Total $ 23,050 $ 12,445 $ 10,605 $ 23,050 $ 11,480 $ 11,570 Other non-current assets 388 289 Total intangible and other non-current assets, net $ 10,993 $ 11,859 Three Months Ended September 30, Nine Months Ended September 30, Amortization expense 2019 2018 2019 2018 Total amortization expense $ 321 $ 321 $ 965 $ 1,077 The estimated aggregate future amortization of intangible assets as of September 30, 2019 is identified below (in thousands): Amortization Remainder of 2019 $ 321 2020 1,286 2021 1,286 2022 1,286 2023 1,286 Thereafter 5,140 Total $ 10,605

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	9 Months Ended
Accounts Payable and Accrued Liabilities	Sep. 30, 2019
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consisted of the following as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Accrued compensation related expenses $ 2,956 $ 2,935 Accounts payable and accrued grape costs 5,932 7,733 Accrued interest 299 334 Depletion allowance 449 285 Operating lease liability, current 152 — Production and farming 333 154 Sales and marketing 163 441 Acquisition of property and equipment 207 336 Contingent consideration liability related to Seven Hills Winery — 146 Other accrued expenses 549 231 Total accounts payable and accrued liabilities $ 11,040 $ 12,595

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt Details of the Company’s debt as of September 30, 2019 and December 31, 2018 were as follows (in thousands): September 30, 2019 December 31, 2018 Current Long-term Total Current Long-term Total Interest Rate Maturity Date 2015 Term Loan $ 640 $ 12,960 $ 13,600 $ 640 $ 13,440 $ 14,080 5.24% October 1, 2040 2017 Term Loan 500 8,500 9,000 500 8,875 9,375 5.39% July 1, 2037 Total 1,140 21,460 22,600 1,140 22,315 23,455 Debt issuance costs (14 ) (124 ) (138 ) (15 ) (135 ) (150 ) Total debt $ 1,126 $ 21,336 $ 22,462 $ 1,125 $ 22,180 $ 23,305 Revolving Credit Facility In March 2013, Crimson and its subsidiaries entered into a $60.0 million revolving credit facility (the “2013 Revolving Credit Facility”) with American AgCredit, FLCA, as agent for the lenders identified in the 2013 Revolving Credit Facility, comprised of a revolving loan facility (the “Revolving Loan”) and a term revolving loan facility (the “Term Revolving Loan”), which together are secured by substantially all of Crimson’s assets. In March 2018, Crimson and its subsidiaries entered into the second amendment to the 2013 Revolving Credit Facility with American AgCredit, FCLA (the “Second Amendment”). The Second Amendment modified certain provisions of the 2013 Revolving Credit Facility, including, among other things, extending the Revolving Loan and Term Revolving Loan termination dates to March 31, 2023, extending the Term Revolving Loan conversion date to March 31, 2023 and extending the Term Revolving Loan maturity date to March 31, 2033. The Revolving Loan is for up to $10.0 million of availability in the aggregate for a five year term, and the Term Revolving Loan is for up to $50.0 million in the aggregate for a fifteen year term. All obligations of Crimson under the 2013 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 2013 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 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 less than $0.1 million related to the 2015 Term Loan. These costs are recorded as a reduction from current portion of long-term debt or long-term debt based on the time frame in which the fees will be expensed, and as such, amounts to be expensed within twelve months shall be classified against current portion of long-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 September 30, 2019 , $13.6 million in principal was outstanding on the 2015 Term Loan, and unamortized loan fees were less than $0.1 million . (ii) On June 29, 2017, Double Canyon Vineyards, LLC (the “DCV Borrower” and, individually and collectively with the PRW Borrower, “Borrower”), a wholly-owned subsidiary 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 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, DCV 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 September 30, 2019 , $9.0 million in principal was outstanding on the 2017 Term Loan, and unamortized loan fees were less than $0.1 million . Borrower’s obligations under the 2015 Term Loan and 2017 Term Loan are guaranteed by the Company. All obligations of Borrower under the 2015 Term Loan and 2017 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 entities. The Company was in compliance with all debt covenants as of September 30, 2019 . A summary of debt maturities as of September 30, 2019 is as follows (in thousands): Principal due the remainder of 2019 $ 285 Principal due in 2020 1,140 Principal due in 2021 1,140 Principal due in 2022 1,140 Principal due in 2023 1,140 Principal due thereafter 17,755 Total $ 22,600

Stockholders_ Equity

Stockholders’ Equity	9 Months Ended
Stockholders’ Equity	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity In March 2018, the Company commenced a share repurchase program (the “2018 Repurchase Program”) that provided for the repurchase of up to $2.0 million of outstanding common stock. Under the 2018 Repurchase Program, any repurchased shares were constructively retired, and on September 19, 2018, the 2018 Repurchase Program was completed. Under the total 2018 Repurchase Program, the Company repurchased 217,377 shares at a repurchase price of $2.0 million . In December 2018, the Company commenced a share repurchase program (the “2019 Winter Repurchase Program”) that provided for the repurchase of up to $2.0 million of outstanding common stock. Under the 2019 Winter Repurchase Program, any repurchased shares were constructively retired, and on April 30, 2019, the 2019 Winter Repurchase Program was completed. Under the total 2019 Winter Repurchase Program, the Company repurchased 253,324 shares at a repurchase price of $2.0 million . In September 2019, the Company commenced a share repurchase program (the "2019 Summer Repurchase Program") that provided for the repurchase of up to $2.0 million of outstanding common stock. Under the 2019 Summer Repurchase Program, any repurchased shares are constructively retired. During the nine months ended September 30, 2019 , the Company repurchased 31,182 shares at a purchase price of $0.2 million under the 2019 Summer Repurchase Program.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Consolidated income tax expenses for the three and nine months ended September 30, 2019 and 2018 were determined based upon the Company’s estimated consolidated effective income tax rates calculated without discrete items for the years ending December 31, 2019 and 2018 , respectively. The Company’s effective tax rates for the three months ended September 30, 2019 and 2018 were 23.0% and 28.5% , respectively. The Company’s effective tax rates for the nine months ended September 30, 2019 and 2018 were 26.3% and 28.7% , respectively. As a result of the Tax Cuts and Jobs Act (Public Law 115-97), the Company revised its estimated annual effective tax rate to reflect the change in the U.S. federal statutory tax rate from 34% to 21%. The difference between the consolidated effective income tax rate and the U.S. federal statutory rate for the three and nine months ended September 30, 2019 is primarily attributable to state income taxes and permanent items, which primarily consisted of meals and entertainment. The Company does not have any amounts in its condensed consolidated balance sheets for unrecognized tax benefits related to uncertain tax positions as of September 30, 2019 .

Business Segment Information

Business Segment Information	9 Months Ended
Business Segment Information	Sep. 30, 2019
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 (loss), directly attributable selling expenses and operating income (loss) for the Company’s reportable segments for the three and nine months ended September 30, 2019 and 2018 , 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 September 30, Wholesale Direct to Consumer Other/Non-Allocable Total (in thousands) 2019 2018 2019 2018 2019 2018 2019 2018 Net sales $ 6,890 $ 7,777 $ 5,879 $ 6,397 $ 1,903 $ 2,646 $ 14,672 $ 16,820 Cost of sales 4,988 4,557 1,915 1,964 3,441 2,559 10,344 9,080 Gross profit (loss) 1,902 3,220 3,964 4,433 (1,538 ) 87 4,328 7,740 Operating expenses: Sales and marketing 1,702 1,537 1,934 1,672 1,080 996 4,716 4,205 General and administrative — — — — 2,833 2,752 2,833 2,752 Total operating expenses 1,702 1,537 1,934 1,672 3,913 3,748 7,549 6,957 Net loss (gain) on disposal of property & equipment — — — — 204 (11 ) 204 (11 ) Restructuring charges — — — — — 70 — 70 Impairment charges — — — — 625 — 625 — Income (loss) from operations $ 200 $ 1,683 $ 2,030 $ 2,761 $ (6,280 ) $ (3,720 ) $ (4,050 ) $ 724 Nine Months Ended September 30, Wholesale Direct to Consumer Other/Non-Allocable Total (in thousands) 2019 2018 2019 2018 2019 2018 2019 2018 Net sales $ 23,464 $ 25,223 $ 18,190 $ 17,527 $ 4,538 $ 4,581 $ 46,192 $ 47,331 Cost of sales 15,291 14,536 5,775 5,616 6,431 4,466 27,497 24,618 Gross profit (loss) 8,173 10,687 12,415 11,911 (1,893 ) 115 18,695 22,713 Operating expenses: Sales and marketing 5,013 4,702 5,601 4,798 3,171 2,756 13,785 12,256 General and administrative — — — — 8,909 8,081 8,909 8,081 Total operating expenses 5,013 4,702 5,601 4,798 12,080 10,837 22,694 20,337 Net loss on disposal of property & equipment — — — — 173 94 173 94 Restructuring charges — — — — 76 662 76 662 Impairment charges — — — — 1,860 — 1,860 — Income (loss) from operations $ 3,160 $ 5,985 $ 6,814 $ 7,113 $ (16,082 ) $ (11,478 ) $ (6,108 ) $ 1,620

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The Company has leased retail and office space and has entered into various other agreements in conducting its business. At inception, the Company determines whether an agreement represents a lease, and at commencement the Company evaluates each lease agreement to determine whether the lease is an operating or financing lease. Some of the Company’s lease agreements have contained renewal options, tenant improvement allowances and rent escalation clauses. Pursuant to ASU 2016-02, all of the Company’s leases outstanding on January 1, 2019 continued to be classified as operating leases. With the adoption of ASU 2016-02, the Company recorded an operating lease right-of-use asset and an operating lease liability on its condensed consolidated balance sheet beginning January 1, 2019. Right-of-use lease assets represent the Company’s right to use the underlying asset for the lease term and the lease obligation represents the Company’s commitment to make the lease payments arising from the lease. Right-of-use lease assets and obligations are recognized at the commencement date based on the present value of remaining lease payments over the lease term. As the Company’s leases do not provide an implicit rate, the Company has used an estimated incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The right-of-use lease asset includes any lease payments made prior to commencement and excludes any lease incentives. The lease term may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expense is recognized on a straight-line basis over the lease term, subject to any changes in the lease or expectation regarding the terms. Variable lease costs such as common area costs and property taxes are expensed as incurred. For all lease agreements, the Company combines lease and non-lease components, and leases with an initial term of 12 months or less are not recorded on the balance sheet. Supplemental balance sheet information related to leases were as follows (in thousands): September 30, 2019 Other non-current assets $ 124 Accounts payable and accrued liabilities $ 152 Other non-current liabilities — Total operating lease liabilities $ 152 Weighted Average Remaining Lease Term Operating leases 0.75 years Weighted Average Discount Rate Operating leases 6.34 % Base rent expense was $0.2 million for the nine months ended September 30, 2019 and 2018 . Cash paid for amounts included in the measurement of operating lease liabilities as part of operating cash flows was $0.2 million for the nine months ended September 30, 2019 . Litigation The Company and its subsidiaries may become parties to legal proceedings that are considered to be either ordinary, routine litigation incidental to their business or not significant to the Company’s consolidated financial position or liquidity. Other than as described below, the Company does not believe that there is any other pending litigation that could have a significant adverse impact on its consolidated financial position, liquidity or results of operations. On May 17, 2017, a former employee filed a class action complaint against one of the Company’s subsidiaries, Pine Ridge Vineyards, alleging various wage and hour violations. On February 5, 2018, the Company settled this class action complaint at mediation for $0.4 million , which was recorded in the consolidated financial statements for the year ended December 31, 2017. The settlement does not contain any admission of liability, wrongdoing, or responsibility by any of the parties. The court granted final approval of the settlement amount and the final payments were issued in the fourth quarter of 2018. Other In October 2017, significant wildfires broke out in Napa, Sonoma, and surrounding counties in Northern California. Operations at two of the Company’s properties, Pine Ridge Vineyards and Seghesio Family Vineyards, were temporarily impacted due to these wildfires and then resumed shortly thereafter. At the time of the wildfires, both properties had already harvested substantially all of their 2017 estate grapes. Certain inventory on hand was impacted by power losses and smoke damage which was covered under existing insurance policies. During 2018, the Company recognized $1.1 million in insurance proceeds of which $0.6 million was offset against inventory losses and $0.5 million was included in other income, net. In October 2019, the Company received an additional $0.2 million from insurance proceeds related to the October 2017 wildfires. As of September 30, 2019 , the Company recognized the receivable and recorded $0.2 million in other income, net.

Background and Basis of Prese_2

Background and Basis of Presentation (Policies)	9 Months Ended
Background and Basis of Presentation (Policies)	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Financial Statement Preparation	Financial Statement Preparation The accompanying unaudited interim 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, 2018 , as filed with the SEC on Form 10-K (the “2018 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, 2018 was extracted from the audited annual consolidated financial statements and does not include all disclosures required by GAAP for annual financial statements.
Reclassifications	Reclassifications Certain reclassifications have been made to prior period unaudited interim condensed consolidated balance sheets and statements of cash flows to conform to current period presentation. The reclassifications had no impact on previously reported net (loss) income, equity or cash flows.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Subsequent to the filing of the 2018 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 an update of accounting pronouncements applicable to Crimson that are not yet adopted as of September 30, 2019 and a description of accounting pronouncements that were adopted during the nine months ended September 30, 2019 : ໿ Standard Description Date of adoption Effect on the financial statements or other significant matters Standards that are not yet adopted Accounting Standard Update (“ASU”) 2017-04, Goodwill and Other (Topic 350) Eliminates Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. January 1, 2020, early adoption is permitted for the Company. Management is currently evaluating the potential impact of this guidance on the Company’s unaudited interim condensed consolidated financial statements. ASU 2018-13, Fair Value Measurement (Topic 820) Improves the disclosures related to fair value by removing, modifying or adding disclosure requirements related to recurring and non-recurring fair value measurements. January 1, 2020, early adoption is permitted for the Company. Management is currently evaluating the potential impact of this guidance on the Company’s unaudited interim condensed consolidated financial statements. ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) Aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirement of capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include internal-use software license). January 1, 2020, early adoption is permitted for the Company. Management is currently evaluating the potential impact of this guidance on the Company’s unaudited interim condensed consolidated financial statements. Standards that were adopted ASU 2016-02, Leases (Topic 842) (Subsequently updated with ASU 2018-01) Increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. January 1, 2019 The Company adopted ASU 2016-02 using the modified retrospective method in Q1 2019. The Company recognized a right-of-use asset and a lease liability associated with its long-term operating leases on the Company’s unaudited interim condensed consolidated financial statements. See Note 13 “Commitments and Contingencies,” for further information. ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) Allows the Company to elect to reclassify the stranded tax effects related to the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income into retained earnings. January 1, 2019 The adoption of this standard did not have an impact on the Company’s unaudited interim condensed consolidated financial statements.

Background and Basis of Prese_3

Background and Basis of Presentation (Tables)	9 Months Ended
Background and Basis of Presentation (Tables)	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table provides an update of accounting pronouncements applicable to Crimson that are not yet adopted as of September 30, 2019 and a description of accounting pronouncements that were adopted during the nine months ended September 30, 2019 : ໿ Standard Description Date of adoption Effect on the financial statements or other significant matters Standards that are not yet adopted Accounting Standard Update (“ASU”) 2017-04, Goodwill and Other (Topic 350) Eliminates Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. January 1, 2020, early adoption is permitted for the Company. Management is currently evaluating the potential impact of this guidance on the Company’s unaudited interim condensed consolidated financial statements. ASU 2018-13, Fair Value Measurement (Topic 820) Improves the disclosures related to fair value by removing, modifying or adding disclosure requirements related to recurring and non-recurring fair value measurements. January 1, 2020, early adoption is permitted for the Company. Management is currently evaluating the potential impact of this guidance on the Company’s unaudited interim condensed consolidated financial statements. ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) Aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirement of capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include internal-use software license). January 1, 2020, early adoption is permitted for the Company. Management is currently evaluating the potential impact of this guidance on the Company’s unaudited interim condensed consolidated financial statements. Standards that were adopted ASU 2016-02, Leases (Topic 842) (Subsequently updated with ASU 2018-01) Increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. January 1, 2019 The Company adopted ASU 2016-02 using the modified retrospective method in Q1 2019. The Company recognized a right-of-use asset and a lease liability associated with its long-term operating leases on the Company’s unaudited interim condensed consolidated financial statements. See Note 13 “Commitments and Contingencies,” for further information. ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) Allows the Company to elect to reclassify the stranded tax effects related to the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income into retained earnings. January 1, 2019 The adoption of this standard did not have an impact on the Company’s unaudited interim condensed consolidated financial statements.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
Revenue (Tables)	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liability	The following table reflects changes in the contract liability balance during the nine months ended September 30, 2019 and 2018 (in thousands): September 30, 2019 September 30, 2018 Outstanding at beginning of period (December 31) $ 375 $ 593 Increase (decrease) attributed to: Upfront payments 38,983 38,728 Revenue recognized (37,977 ) (37,906 ) Outstanding at end of period $ 1,381 $ 1,415

Inventory (Tables)

Inventory (Tables)	9 Months Ended
Inventory (Tables)	Sep. 30, 2019
Inventory Disclosure [Abstract]
Summary of Inventory	A summary of inventory at September 30, 2019 and December 31, 2018 is as follows (in thousands): September 30, 2019 December 31, 2018 Finished goods $ 45,667 $ 37,447 In-process goods 29,609 38,902 Packaging and bottling supplies 606 918 Total inventory $ 75,882 $ 77,267

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
Property and Equipment (Tables)	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Summary Of Property And Equipment	A summary of property and equipment at September 30, 2019 and December 31, 2018 and depreciation and amortization expense for the three and nine months ended September 30, 2019 and 2018 , is as follows (in thousands): ໿ Depreciable Lives (in years) September 30, 2019 December 31, 2018 Land and improvements N/A $ 44,926 $ 46,164 Buildings and improvements 20-40 59,722 60,229 Winery and vineyard equipment 3-25 41,100 40,724 Vineyards, orchards and improvements 7-25 32,599 36,458 Caves 20-40 5,639 5,639 Vineyards under development N/A 3,327 3,943 Construction in progress N/A 3,148 1,554 Total 190,461 194,711 Accumulated depreciation and amortization (70,513 ) (68,481 ) Total property and equipment, net $ 119,948 $ 126,230 Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Capitalized into inventory $ 1,436 $ 1,468 $ 4,414 $ 4,400 Expensed to general and administrative 452 435 1,406 1,252 Total depreciation and amortization $ 1,888 $ 1,903 $ 5,820 $ 5,652

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
Financial Instruments (Tables)	Sep. 30, 2019
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 September 30, 2019 and December 31, 2018 are as follows (in thousands): September 30, 2019 Par Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Level 1 Level 2 Total Fair Value Measurements Certificates of Deposit $ 9,750 $ 9,750 $ 16 $ — $ — $ 9,766 $ 9,766 December 31, 2018 Par Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Level 1 Level 2 Total Fair Value Measurements Certificates of Deposit $ 19,250 $ 19,250 $ — $ (37 ) $ — $ 19,213 $ 19,213

Intangible and Other Non-Curr_2

Intangible and Other Non-Current Assets (Tables)	9 Months Ended
Intangible and Other Non-Current Assets (Tables)	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Summary Of Intangible Assets	A summary of intangible and other non-current assets at September 30, 2019 and December 31, 2018 , and amortization expense for the nine months ended September 30, 2019 and 2018 , is as follows (in thousands): September 30, 2019 December 31, 2018 Amortizable lives (in years) Gross carrying amount Accumulated amortization Net book value Gross carrying amount Accumulated amortization Net book value Brand 15 - 17 $ 18,000 $ 8,701 $ 9,299 $ 18,000 $ 7,904 $ 10,096 Distributor relationships 10 - 14 2,700 1,584 1,116 2,700 1,438 1,262 Customer relationships 7 1,900 1,900 — 1,900 1,900 — Legacy permits 14 250 149 101 250 135 115 Trademark 20 200 111 89 200 103 97 Total $ 23,050 $ 12,445 $ 10,605 $ 23,050 $ 11,480 $ 11,570 Other non-current assets 388 289 Total intangible and other non-current assets, net $ 10,993 $ 11,859 Three Months Ended September 30, Nine Months Ended September 30, Amortization expense 2019 2018 2019 2018 Total amortization expense $ 321 $ 321 $ 965 $ 1,077
Amortization Expense for Intangible Assets	The estimated aggregate future amortization of intangible assets as of September 30, 2019 is identified below (in thousands): Amortization Remainder of 2019 $ 321 2020 1,286 2021 1,286 2022 1,286 2023 1,286 Thereafter 5,140 Total $ 10,605

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	9 Months Ended
Accounts Payable and Accrued Liabilities (Tables)	Sep. 30, 2019
Payables and Accruals [Abstract]
Schedule of other accrued expenses	Accounts payable and accrued liabilities consisted of the following as of September 30, 2019 and December 31, 2018 (in thousands): September 30, 2019 December 31, 2018 Accrued compensation related expenses $ 2,956 $ 2,935 Accounts payable and accrued grape costs 5,932 7,733 Accrued interest 299 334 Depletion allowance 449 285 Operating lease liability, current 152 — Production and farming 333 154 Sales and marketing 163 441 Acquisition of property and equipment 207 336 Contingent consideration liability related to Seven Hills Winery — 146 Other accrued expenses 549 231 Total accounts payable and accrued liabilities $ 11,040 $ 12,595

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Debt	Details of the Company’s debt as of September 30, 2019 and December 31, 2018 were as follows (in thousands): September 30, 2019 December 31, 2018 Current Long-term Total Current Long-term Total Interest Rate Maturity Date 2015 Term Loan $ 640 $ 12,960 $ 13,600 $ 640 $ 13,440 $ 14,080 5.24% October 1, 2040 2017 Term Loan 500 8,500 9,000 500 8,875 9,375 5.39% July 1, 2037 Total 1,140 21,460 22,600 1,140 22,315 23,455 Debt issuance costs (14 ) (124 ) (138 ) (15 ) (135 ) (150 ) Total debt $ 1,126 $ 21,336 $ 22,462 $ 1,125 $ 22,180 $ 23,305
Schedule of Maturities of Long-term Debt	A summary of debt maturities as of September 30, 2019 is as follows (in thousands): Principal due the remainder of 2019 $ 285 Principal due in 2020 1,140 Principal due in 2021 1,140 Principal due in 2022 1,140 Principal due in 2023 1,140 Principal due thereafter 17,755 Total $ 22,600

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
Business Segment Information (Tables)	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule Of Segment Reporting	The following table outlines the net sales, cost of sales, gross profit (loss), directly attributable selling expenses and operating income (loss) for the Company’s reportable segments for the three and nine months ended September 30, 2019 and 2018 , 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 September 30, Wholesale Direct to Consumer Other/Non-Allocable Total (in thousands) 2019 2018 2019 2018 2019 2018 2019 2018 Net sales $ 6,890 $ 7,777 $ 5,879 $ 6,397 $ 1,903 $ 2,646 $ 14,672 $ 16,820 Cost of sales 4,988 4,557 1,915 1,964 3,441 2,559 10,344 9,080 Gross profit (loss) 1,902 3,220 3,964 4,433 (1,538 ) 87 4,328 7,740 Operating expenses: Sales and marketing 1,702 1,537 1,934 1,672 1,080 996 4,716 4,205 General and administrative — — — — 2,833 2,752 2,833 2,752 Total operating expenses 1,702 1,537 1,934 1,672 3,913 3,748 7,549 6,957 Net loss (gain) on disposal of property & equipment — — — — 204 (11 ) 204 (11 ) Restructuring charges — — — — — 70 — 70 Impairment charges — — — — 625 — 625 — Income (loss) from operations $ 200 $ 1,683 $ 2,030 $ 2,761 $ (6,280 ) $ (3,720 ) $ (4,050 ) $ 724 Nine Months Ended September 30, Wholesale Direct to Consumer Other/Non-Allocable Total (in thousands) 2019 2018 2019 2018 2019 2018 2019 2018 Net sales $ 23,464 $ 25,223 $ 18,190 $ 17,527 $ 4,538 $ 4,581 $ 46,192 $ 47,331 Cost of sales 15,291 14,536 5,775 5,616 6,431 4,466 27,497 24,618 Gross profit (loss) 8,173 10,687 12,415 11,911 (1,893 ) 115 18,695 22,713 Operating expenses: Sales and marketing 5,013 4,702 5,601 4,798 3,171 2,756 13,785 12,256 General and administrative — — — — 8,909 8,081 8,909 8,081 Total operating expenses 5,013 4,702 5,601 4,798 12,080 10,837 22,694 20,337 Net loss on disposal of property & equipment — — — — 173 94 173 94 Restructuring charges — — — — 76 662 76 662 Impairment charges — — — — 1,860 — 1,860 — Income (loss) from operations $ 3,160 $ 5,985 $ 6,814 $ 7,113 $ (16,082 ) $ (11,478 ) $ (6,108 ) $ 1,620

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
Commitments and Contingencies (Tables)	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases were as follows (in thousands): September 30, 2019 Other non-current assets $ 124 Accounts payable and accrued liabilities $ 152 Other non-current liabilities — Total operating lease liabilities $ 152 Weighted Average Remaining Lease Term Operating leases 0.75 years Weighted Average Discount Rate Operating leases 6.34 %
Maturities of Lease Liabilities	Supplemental balance sheet information related to leases were as follows (in thousands): September 30, 2019 Other non-current assets $ 124 Accounts payable and accrued liabilities $ 152 Other non-current liabilities — Total operating lease liabilities $ 152 Weighted Average Remaining Lease Term Operating leases 0.75 years Weighted Average Discount Rate Operating leases 6.34 %

Background and Basis of Prese_4

Background and Basis of Presentation (Details)	3 Months Ended	6 Months Ended	9 Months Ended
Background and Basis of Presentation (Details)	Sep. 30, 2019USD ($)$ / shares	Jun. 30, 2019	Sep. 30, 2019USD ($)wineryl	Sep. 30, 2018USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Price per bottle, low range			$ 16
Number of wineries owned \| winery			7
Inventory reserve esstimate (as a percentage)	75.00%	50.00%
Loss on write-down of inventory	$ 1,200,000		$ 1,581,000	$ 131,000
Decrease in net income	$ 1,200,000
Decrease in net income per diluted share (in USD per share) \| $ / shares	$ 0.05
Volume of bottle of wine (in liters) \| l			0.750

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
Revenue (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Allowance for doubtful accounts	$ 0.1	$ 0.1
Wholesale distributor sales \| Minimum
Disaggregation of Revenue [Line Items]
Payment terms	30 days
Wholesale distributor sales \| Maximum
Disaggregation of Revenue [Line Items]
Payment terms	120 days
Bulk wine sales
Disaggregation of Revenue [Line Items]
Payment terms	30 days

Revenue (Contract Balances) (De

Revenue (Contract Balances) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Outstanding at beginning of period (December 31)	$ 375	$ 593
Increase (decrease) attributed to:
Upfront payments	38,983	38,728
Revenue recognized	(37,977)	(37,906)
Outstanding at end of period	$ 1,381	$ 1,415

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0	$ 70	$ 76	$ 662
Restructuring charges inception-to-date	1,400		1,400
Payments for restructuring activities			200
Liability related to restructuring activities	$ 400		400		$ 600
Asset Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring charges			400
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges			900
Other Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 100

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 45,667	$ 37,447
In-process goods	29,609	38,902
Packaging and bottling supplies	606	918
Total inventory	75,882	77,267
Inventory Valuation Reserves	$ 1,700	$ 400

Property and Equipment (Details

Property and Equipment (Details) $ in Thousands	3 Months Ended			9 Months Ended
Property and Equipment (Details) $ in Thousands	Sep. 30, 2019USD ($)a	Jun. 30, 2019USD ($)a	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)a	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)a
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 190,461			$ 190,461		$ 194,711
Accumulated depreciation and amortization	(70,513)			(70,513)		(68,481)
Total property and equipment, net	119,948			119,948		$ 126,230
Capitalized into inventory	1,436		$ 1,468	4,414	$ 4,400
Expensed to general and administrative	452		435	1,406	1,252
Total depreciation and amortization	1,888		$ 1,903	5,820	5,652
Area of apple orchards (in acres) \| a						36
Assets held for sale	3,400	$ 1,200		3,400		$ 600
Asset impairment charges		$ 500		100	100
Impairment charges				1,916	$ 24
Land and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	44,926			44,926		46,164
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	59,722			$ 59,722		60,229
Buildings and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Depreciable Lives				20 years
Buildings and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Depreciable Lives				40 years
Winery and vineyard equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	41,100			$ 41,100		40,724
Winery and vineyard equipment \| Minimum
Property, Plant and Equipment [Line Items]
Depreciable Lives				3 years
Winery and vineyard equipment \| Maximum
Property, Plant and Equipment [Line Items]
Depreciable Lives				25 years
Vineyards, orchards and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	32,599			$ 32,599		36,458
Vineyards, orchards and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Depreciable Lives				7 years
Vineyards, orchards and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Depreciable Lives				25 years
Caves
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,639			$ 5,639		5,639
Caves \| Minimum
Property, Plant and Equipment [Line Items]
Depreciable Lives				20 years
Caves \| Maximum
Property, Plant and Equipment [Line Items]
Depreciable Lives				40 years
Vineyards under development
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,327			$ 3,327		3,943
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3,148			$ 3,148		$ 1,554
Land
Property, Plant and Equipment [Line Items]
Area of land held for sale (in acres) \| a		124
Vineyards
Property, Plant and Equipment [Line Items]
Area of land held for sale (in acres) \| a	181.1	15		181.1
Impairment loss to write-down carrying value of vineyard	$ 100	$ 1,200
Vineyards, wine grapes
Property, Plant and Equipment [Line Items]
Area of land held for sale (in acres) \| a	92.8			92.8
Fallow Land
Property, Plant and Equipment [Line Items]
Area of land held for sale (in acres) \| a		109
Other Current Assets
Property, Plant and Equipment [Line Items]
Assets held for sale	$ 2,100	$ 700		$ 2,100

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investment maturity period	2 years
Fair value of outstanding debt	$ 22,900
Carrying value of outstanding debt	$ 22,600	$ 23,455

Financial Instruments (Schedule

Financial Instruments (Schedule Of Available For Sale Securities) (Details) - Certificates of Deposit - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Par Value	$ 9,750	$ 19,250
Amortized Cost	9,750	19,250
Gross Unrealized Gains	16	0
Gross Unrealized Losses	0	(37)
Total Fair Value Measurements	9,766	19,213
Level 1
Debt Securities, Available-for-sale [Line Items]
Total Fair Value Measurements	0	0
Level 2
Debt Securities, Available-for-sale [Line Items]
Total Fair Value Measurements	$ 9,766	$ 19,213

Intangible and Other Non-Curr_3

Intangible and Other Non-Current Assets (Summary Of Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 23,050		$ 23,050		$ 23,050
Accumulated amortization	12,445		12,445		11,480
Net book value	10,605		10,605		11,570
Other non-current assets	388		388		289
Total intangible and other non-current assets, net	10,993		10,993		11,859
Total amortization expense	321	$ 321	965	$ 1,077
Brand
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	18,000		18,000		18,000
Accumulated amortization	8,701		8,701		7,904
Net book value	9,299		$ 9,299		10,096
Brand \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)			15 years
Brand \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)			17 years
Distributor relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	2,700		$ 2,700		2,700
Accumulated amortization	1,584		1,584		1,438
Net book value	1,116		$ 1,116		1,262
Distributor relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)			10 years
Distributor relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)			14 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)			7 years
Gross carrying amount	1,900		$ 1,900		1,900
Accumulated amortization	1,900		1,900		1,900
Net book value	0		$ 0		0
Legacy permits
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)			14 years
Gross carrying amount	250		$ 250		250
Accumulated amortization	149		149		135
Net book value	101		$ 101		115
Trademark
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)			20 years
Gross carrying amount	200		$ 200		200
Accumulated amortization	111		111		103
Net book value	$ 89		$ 89		$ 97

Intangible and Other Non-Curr_4

Intangible and Other Non-Current Assets (Amortization expense for Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2019	$ 321
2020	1,286
2021	1,286
2022	1,286
2023	1,286
Thereafter	5,140
Net book value	$ 10,605	$ 11,570

Accounts Payable and Accrued _3

Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Accrued compensation related expenses	$ 2,956	$ 2,935
Accounts payable and accrued grape costs	5,932	7,733
Accrued interest	299	334
Depletion allowance	449	285
Operating lease liability, current	152	0
Production and farming	333	154
Sales and marketing	163	441
Acquisition of property and equipment	207	336
Contingent consideration liability related to Seven Hills Winery	0	146
Other accrued expenses	549	231
Total accounts payable and accrued liabilities	$ 11,040	$ 12,595

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Jun. 29, 2017	Nov. 10, 2015
Debt Instrument [Line Items]
Current	$ 1,140	$ 1,140
Long-term	21,460	22,315
Total	22,600	23,455
Unamortized loan fees, current portion	(14)	(15)
Unamortized loan fees, noncurrent portion	(124)	(135)
Unamortized loan fees, total	(138)	(150)
Current portion of long-term debt, net of unamortized loan fees	1,126	1,125
Long-term debt, net of current portion and unamortized loan fees	21,336	22,180
Total debt, net of unamortized loan fees	22,462	23,305
Secured Debt \| 2015 Term Loan
Debt Instrument [Line Items]
Current	640	640
Long-term	12,960	13,440
Total	13,600	14,080
Unamortized loan fees, total	$ (100)
Interest Rate	5.24%			5.24%
Secured Debt \| 2017 Term Loan
Debt Instrument [Line Items]
Current	$ 500	500
Long-term	8,500	8,875
Total	9,000	$ 9,375
Unamortized loan fees, total	$ (100)
Interest Rate	5.39%		5.39%

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	9 Months Ended
Debt (Narrative) (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018	Jun. 29, 2017	Nov. 10, 2015	Mar. 31, 2013
Line of Credit Facility [Line Items]
Unamortized loan fees	$ 138,000	$ 150,000
Minimum
Line of Credit Facility [Line Items]
Unused line fee (as a percent)	0.15%
Maximum
Line of Credit Facility [Line Items]
Unused line fee (as a percent)	0.25%
Secured Debt \| 2015 Term Loan
Line of Credit Facility [Line Items]
Principal amount	$ 13,600,000			$ 16,000,000
Interest Rate (as a percent)	5.24%			5.24%
Principal payment	$ 160,000
Debt issuance cost	100,000
Unamortized loan fees	100,000
Secured Debt \| 2017 Term Loan
Line of Credit Facility [Line Items]
Principal amount	$ 9,000,000		$ 10,000,000
Interest Rate (as a percent)	5.39%		5.39%
Principal payment	$ 125,000
Debt issuance cost	100,000
Unamortized loan fees	100,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit facility borrowing capacity	$ 10,000,000
Credit facility term	5 years
Revolving Credit Facility \| 2015 Term Loan
Line of Credit Facility [Line Items]
Credit facility borrowing capacity					$ 60,000,000
Borrowed amount	$ 0
Term Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit facility borrowing capacity	$ 50,000,000
Credit facility term	15 years

Debt (Long-term Debt Maturities

Debt (Long-term Debt Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Maturities of Long-term Debt [Abstract]
Principal due the remainder of 2019	$ 285
Principal due in 2020	1,140
Principal due in 2021	1,140
Principal due in 2022	1,140
Principal due in 2023	1,140
Principal due thereafter	17,755
Total	$ 22,600	$ 23,455

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - USD ($)	5 Months Ended	7 Months Ended	9 Months Ended
Stockholders’ Equity (Details) - USD ($)	Apr. 30, 2019	Sep. 19, 2018	Sep. 30, 2019	Jul. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
2018 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase program amount authorized (up to)						$ 2,000,000
Repurchased (in shares)		217,377
Repurchase price		$ 2,000,000
2019 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase program amount authorized (up to)				$ 2,000,000	$ 2,000,000
Repurchased (in shares)	253,324		31,182
Repurchase price	$ 2,000,000		$ 200,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($)	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Effective tax rate	23.00%	28.50%	26.30%	28.70%
Unrecognized tax benefits	$ 0		$ 0		$ 0

Business Segment Information (N

Business Segment Information (Narrative) (Details)	9 Months Ended
Business Segment Information (Narrative) (Details)	Sep. 30, 2019segments
Segment Reporting [Abstract]
Number of operating segments (in segments)	2

Business Segment Information (S

Business Segment Information (Schedule Of Segment Reporting) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Net sales	$ 14,672	$ 16,820	$ 46,192	$ 47,331
Cost of sales	10,344	9,080	27,497	24,618
Gross profit (loss)	4,328	7,740	18,695	22,713
Operating expenses:
Sales and marketing	4,716	4,205	13,785	12,256
General and administrative	2,833	2,752	8,909	8,081
Total operating expenses	7,549	6,957	22,694	20,337
Net loss (gain) on disposal of property and equipment	204	(11)	173	94
Restructuring charges	0	70	76	662
Impairment charges	625	0	1,860	0
Loss from operations	(4,050)	724	(6,108)	1,620
Operating Segments \| Wholesale
Segment Reporting Information [Line Items]
Net sales	6,890	7,777	23,464	25,223
Cost of sales	4,988	4,557	15,291	14,536
Gross profit (loss)	1,902	3,220	8,173	10,687
Operating expenses:
Sales and marketing	1,702	1,537	5,013	4,702
General and administrative	0	0	0	0
Total operating expenses	1,702	1,537	5,013	4,702
Net loss (gain) on disposal of property and equipment	0	0	0	0
Restructuring charges	0	0	0	0
Impairment charges	0	0	0	0
Loss from operations	200	1,683	3,160	5,985
Operating Segments \| Direct to Consumer
Segment Reporting Information [Line Items]
Net sales	5,879	6,397	18,190	17,527
Cost of sales	1,915	1,964	5,775	5,616
Gross profit (loss)	3,964	4,433	12,415	11,911
Operating expenses:
Sales and marketing	1,934	1,672	5,601	4,798
General and administrative	0	0	0	0
Total operating expenses	1,934	1,672	5,601	4,798
Net loss (gain) on disposal of property and equipment	0	0	0	0
Restructuring charges	0	0	0	0
Impairment charges	0	0	0	0
Loss from operations	2,030	2,761	6,814	7,113
Other/Non-Allocable
Segment Reporting Information [Line Items]
Net sales	1,903	2,646	4,538	4,581
Cost of sales	3,441	2,559	6,431	4,466
Gross profit (loss)	(1,538)	87	(1,893)	115
Operating expenses:
Sales and marketing	1,080	996	3,171	2,756
General and administrative	2,833	2,752	8,909	8,081
Total operating expenses	3,913	3,748	12,080	10,837
Net loss (gain) on disposal of property and equipment	204	(11)	173	94
Restructuring charges	0	70	76	662
Impairment charges	625	0	1,860	0
Loss from operations	$ (6,280)	$ (3,720)	$ (16,082)	$ (11,478)

Commitments and Contingencies_2

Commitments and Contingencies (Supplemental Balance Sheet Information) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Operating right-of-use lease asset	$ 124
Operating lease liability, current	152	$ 0
Total operating lease liabilities	$ 152
Weighted Average Remaining Lease Term of Operating leases	9 months
Weighted Average Discount Rate of Operating leases	6.34%

Commitments and Contingencies_3

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Feb. 05, 2018	Oct. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Loss Contingencies [Line Items]
Base rent expense (less than)				$ 0.2	$ 0.1
Cash paid for operating lease liabilities (less than)				$ 0.2
Amount settled in mediation		$ 0.4
Natural Disasters and Other Casualty Events
Loss Contingencies [Line Items]
Insurance proceeds						$ 1.1
Natural Disasters and Other Casualty Events \| Cost of Sales
Loss Contingencies [Line Items]
Insurance proceeds						0.6
Natural Disasters and Other Casualty Events \| Other Income, Net
Loss Contingencies [Line Items]
Insurance proceeds	$ 0.2					$ 0.5
Subsequent Event \| Natural Disasters and Other Casualty Events
Loss Contingencies [Line Items]
Insurance proceeds			$ 0.2