Crimson Wine (CWGL) 10-Q 12 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 09, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	000-54866
Entity Registrant Name	CRIMSON WINE GROUP, LTD.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3607383
Entity Address, Address Line One	5901 Silverado Trail
Entity Address, City or Town	Napa
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94558
City Area Code	800
Local Phone Number	486-0503
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		20,758,746
Amendment Flag	false
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Entity Central Index Key	0001562151
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 16,862	$ 22,777
Investments available for sale	10,946	8,002
Accounts receivable, net	5,897	7,685
Inventory	57,447	58,094
Other current assets	1,671	2,059
Total current assets	92,823	98,617
Property and equipment, net	115,608	116,460
Goodwill	1,262	1,262
Intangible and other non-current assets, net	5,065	5,750
Total non-current assets	121,935	123,472
Total assets	214,758	222,089
Current liabilities:
Accounts payable and accrued liabilities	8,000	12,843
Customer deposits	602	666
Current portion of long-term debt, net of unamortized loan fees	1,130	1,129
Total current liabilities	9,732	14,638
Long-term debt, net of current portion and unamortized loan fees	15,977	16,542
Deferred tax liability, net	2,553	2,742
Other non-current liabilities	26	9
Total non-current liabilities	18,556	19,293
Total liabilities	28,288	33,931
Contingencies (Note 12)
Stockholders’ Equity
Common shares, par value $0.01 per share, authorized 150,000,000 shares; 20,792,045 and 21,033,578 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	208	210
Additional paid-in capital	278,851	278,580
Accumulated other comprehensive income	95	88
Accumulated deficit	(92,684)	(90,720)
Total stockholders’ equity	186,470	188,158
Total liabilities and stockholders’ equity	$ 214,758	$ 222,089

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
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)	20,792,045	21,033,578
Common shares, shares outstanding (in shares)	20,792,045	21,033,578

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net sales	$ 17,246	$ 17,718	$ 33,176	$ 32,939
Cost of sales	8,455	9,121	16,689	17,408
Gross profit	8,791	8,597	16,487	15,531
Operating expenses:
Sales and marketing	4,926	4,520	9,754	8,830
General and administrative	3,749	3,560	7,512	7,028
Total operating expenses	8,675	8,080	17,266	15,858
Net loss (gain) on disposal of property and equipment	162	(15)	373	34
(Loss) income from operations	(46)	532	(1,152)	(361)
Other income (expense):
Interest expense, net	(69)	(68)	(309)	(327)
Other income, net	294	297	764	597
Total other income, net	225	229	455	270
Income (loss) before income taxes	179	761	(697)	(91)
Income tax expense (benefit)	51	215	(192)	(25)
Net income (loss)	$ 128	$ 546	$ (505)	$ (66)
Basic weighted-average shares outstanding (in shares)	20,821	21,412	20,878	21,430
Fully diluted weighted-average shares outstanding (in shares)	20,821	21,412	20,878	21,430
Basic earnings (loss) per share (in dollars per share)	$ 0.01	$ 0.03	$ (0.02)	$ 0
Fully diluted earnings (loss) per share (in dollars per share)	$ 0.01	$ 0.03	$ (0.02)	$ 0

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 128	$ 546	$ (505)	$ (66)
Other comprehensive loss:
Net unrealized holding gains on investments arising during the period, net of tax	8	65	7	73
Comprehensive income (loss)	$ 136	$ 611	$ (498)	$ 7

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Net cash flows from operating activities:
Net loss	$ 128,000	$ 546,000	$ (505,000)	$ (66,000)
Adjustments to reconcile net loss to net cash from operations:
Depreciation and amortization of property and equipment			3,449,000	3,028,000
Amortization of intangible assets	322,000	322,000	644,000	643,000
Loss on write-down of inventory	0	200,000	115,000	531,000
Current period provision			(150,000)	7,000
Net loss on disposal of property and equipment	162,000	(15,000)	373,000	34,000
Benefit for deferred income taxes			(192,000)	(25,000)
Stock-based compensation			271,000	264,000
Net change in operating assets and liabilities:
Accounts receivable			1,938,000	1,872,000
Inventory			532,000	(293,000)
Other current assets			372,000	98,000
Other non-current assets			14,000	(137,000)
Accounts payable and accrued liabilities			(5,888,000)	(4,374,000)
Customer deposits			(58,000)	193,000
Other non-current liabilities			17,000	0
Net cash provided by operating activities			932,000	1,775,000
Net cash flows from investing activities:
Purchase of investments available for sale			(8,935,000)	(14,637,000)
Redemptions of investments available for sale			6,000,000	7,250,000
Acquisition of property and equipment			(1,965,000)	(3,442,000)
Principal payments received on notes receivable			43,000	0
Proceeds from disposals of property and equipment			41,000	21,000
Net cash used in investing activities			(4,816,000)	(10,808,000)
Net cash flows from financing activities:
Principal payments on long-term debt			(570,000)	(570,000)
Repurchase of common stock			(1,461,000)	(598,000)
Net cash used in financing activities			(2,031,000)	(1,168,000)
Net decrease in cash and cash equivalents			(5,915,000)	(10,201,000)
Cash and cash equivalents - beginning of period			22,777,000	25,705,000	$ 25,705,000
Cash and cash equivalents - end of period	$ 16,862,000	$ 15,504,000	16,862,000	15,504,000	$ 22,777,000
Cash paid during the period for:
Interest, net of capitalized interest			477,000	505,000
Income tax payments, net			9,000	7,000
Non-cash investing and financing activity:
Unrealized holding gains on investments, net of tax			7,000	73,000
Acquisition of property and equipment invoiced or accrued but not yet paid			$ 1,046,000	$ 790,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022		21,448,212
Beginning balance at Dec. 31, 2022	$ 187,000	$ 214	$ 278,083	$ (49)	$ (91,248)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(66)				(66)
Other comprehensive income	73			73
Stock-based compensation	264		264
Repurchase of common stock (in shares)		(90,556)
Repurchase of common stock	(598)	$ (1)			(597)
Ending balance (in shares) at Jun. 30, 2023		21,357,656
Ending balance at Jun. 30, 2023	186,673	$ 213	278,347	24	(91,911)
Beginning balance (in shares) at Mar. 31, 2023		21,447,712
Beginning balance at Mar. 31, 2023	186,509	$ 214	278,199	(41)	(91,863)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	546				546
Other comprehensive income	65			65
Stock-based compensation	148		148
Repurchase of common stock (in shares)		(90,056)
Repurchase of common stock	(595)	$ (1)			(594)
Ending balance (in shares) at Jun. 30, 2023		21,357,656
Ending balance at Jun. 30, 2023	$ 186,673	$ 213	278,347	24	(91,911)
Beginning balance (in shares) at Dec. 31, 2023	21,033,578	21,033,578
Beginning balance at Dec. 31, 2023	$ 188,158	$ 210	278,580	88	(90,720)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(505)				(505)
Other comprehensive income	7			7
Stock-based compensation	271		271
Repurchase of common stock (in shares)		(241,533)
Repurchase of common stock	$ (1,461)	$ (2)			(1,459)
Ending balance (in shares) at Jun. 30, 2024	20,792,045	20,792,045
Ending balance at Jun. 30, 2024	$ 186,470	$ 208	278,851	95	(92,684)
Beginning balance (in shares) at Mar. 31, 2024		20,856,864
Beginning balance at Mar. 31, 2024	186,613	$ 209	278,710	87	(92,393)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	128				128
Other comprehensive income	8			8
Stock-based compensation	141		141
Repurchase of common stock (in shares)		(64,819)
Repurchase of common stock	$ (420)	$ (1)			(419)
Ending balance (in shares) at Jun. 30, 2024	20,792,045	20,792,045
Ending balance at Jun. 30, 2024	$ 186,470	$ 208	$ 278,851	$ 95	$ (92,684)

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
	Jun. 30, 2024
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 luxury 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 under such Note) included in the Company’s audited consolidated financial statements for the year ended December 31, 2023, as filed with the SEC on Form 10-K (the “2023 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, 2023 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 There were no changes to the Company’s significant accounting policies during the six months ended June 30, 2024. See Note 2, “Significant Accounting Policies,” of the 2023 Report for a description of the Company’s significant accounting policies. Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”) to improve reportable segment disclosures, primarily through enhanced disclosures related to significant segment expenses regularly provided to the chief operating decision maker (“CODM”), requiring disclosure of other segment items by reportable segment and a description of its composition, extending certain current annual disclosures to interim periods, and additional information regarding the title and position of the CODM and how the CODM uses the segment reportable measure(s) to assess performance and determine resource allocation. Additionally, it requires single reportable segment public entities to apply Topic 280 in its entirety. ASU 2023-07 will be effective for the Company beginning with the fiscal year ended December 31, 2024, and for interim periods beginning in the fiscal year ended December 31, 2025, on a retrospective basis. Early adoption is permitted. Management is currently assessing the impact of ASU 2023-07 on the Company’s condensed consolidated financial statements and related disclosures.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
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 cost 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 from 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 depletion allowances, 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 significant 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 its website, third-party websites, direct phone calls, and other online sales (“Ecommerce”). 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 Ecommerce wine sales are paid for at the time of sale. The Company transfers control and recognizes revenue for wine sales when the product is either received by the customer (on-site tasting room sales) or upon shipment to the customer (“Ecommerce 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 purchased or 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 wine contracts upon shipment. The Company provides custom winemaking services at Double Canyon, Chamisal Vineyards, and Pine Ridge Vineyard’s winemaking facilities. 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 for winemaking services 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 for tasting fees and retail merchandise sales at the time of sale. Refer to Note 11, “Business Segment Information,” for revenue by sales channel amounts for the three and six months ended June 30, 2024 and 2023. 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 unaudited condensed consolidated balance sheets and represents a contract liability. Customer deposits are liquidated when revenue is recognized. Revenue that was included in the contract liability balance at the beginning of each of the 2024 and 2023 years consisted primarily of wine club revenue, grape and bulk sales, and event fees. Changes in the contract liability balance during the six-month periods ended June 30, 2024 and 2023 were not materially impacted by any other factors. The outstanding contract liability balance was $0.6 million at June 30, 2024 and $0.7 million at December 31, 2023. Of the amounts included in the opening contract liability balances at the beginning of each period, approximately $0.5 million and $0.3 million were recognized as revenue during each of the six-month periods ended June 30, 2024 and 2023, respectively. Accounts Receivable, Net Accounts receivable are reported net of an allowance for credit losses. Credit is extended based upon an evaluation of the customer’s financial condition. Accounts are charged against the allowance for credit losses as they are deemed uncollectible based on a periodic review of the accounts. In estimating an allowance for credit losses that is representative of the lifetime expected credit losses on its trade receivables, the Company utilizes historical loss data adjusted for current conditions (current balance and aging categories) and reasonable and supportable estimates of future defaults based on collection attempts and communication. The Company’s accounts receivable balance is net of an allowance for credit losses of less than $0.1 million as of June 30, 2024 and $0.2 million as of December 31, 2023. The following table reflects changes in the allowance for credit losses balance during each of the six-month periods ended June 30, 2024 and 2023 (in thousands): 2024 2023 Balance at January 1, $ 173 $ 187 Current period provision (150) — Write-offs charged against the allowance — (14) Balance at June 30, $ 23 $ 173

Inventory

Inventory	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventory	Inventory A summary of inventory at June 30, 2024 and December 31, 2023 is as follows (in thousands): June 30, 2024 December 31, 2023 Finished goods $ 26,498 $ 23,921 In-process goods 30,420 33,856 Packaging and bottling supplies 529 317 Total inventory $ 57,447 $ 58,094 The Company reduces the carrying value of inventories that are obsolete or in excess of estimated usage to estimated net realizable value. The Company’s estimates of net realizable value are based on analyses and assumptions including, but not limited to, historical usage, projected future demand, and market requirements. Reductions to the carrying value of inventories are recorded in cost of sales. If future demand and/or profitability for the Company’s products are less than previously estimated, then the carrying value of the inventories may be required to be reduced, resulting in additional expense and reduced profitability. The Company’s inventory write-downs may consist of reductions to bottled or bulk wine inventory. Crop insurance proceeds from farming losses may be recorded as offsets against previously recognized write-downs. No inventory write-downs were recorded during the three months ended June 30, 2024 and inventory write-downs of $0.2 million were recorded during the three months ended June 30, 2023. Inventory write-downs of $0.1 million and $0.5 million were recorded during the six-month periods ended June 30, 2024 and 2023, respectively. The Company’s inventory balances are presented at the lower of cost or net realizable value.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment A summary of property and equipment at June 30, 2024 and December 31, 2023, and depreciation and amortization for the three and six months ended June 30, 2024 and 2023, is as follows (in thousands): Depreciable Lives (in years) June 30, 2024 December 31, 2023 Land and improvements N/A $ 44,912 $ 44,912 Buildings and improvements 20-40 66,370 66,083 Winery and vineyard equipment 3-25 40,072 40,242 Vineyards and improvements 7-25 33,248 34,812 Caves 20-40 5,639 5,639 Vineyards under development N/A 4,514 3,892 Construction in progress N/A 2,610 1,053 Total 197,365 196,633 Accumulated depreciation and amortization (81,757) (80,173) Total property and equipment, net $ 115,608 $ 116,460 Three Months Ended June 30, Six Months Ended June 30, Depreciation and amortization: 2024 2023 2024 2023 Capitalized into inventory $ 1,243 $ 1,134 $ 2,501 $ 2,270 Expensed to general and administrative 475 387 948 758 Total depreciation and amortization $ 1,718 $ 1,521 $ 3,449 $ 3,028

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2024
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 one year 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, 2024 and December 31, 2023 are as follows (in thousands): June 30, 2024 Par Value Amortized Cost Gross Gross Level 1 Level 2 Total Fair Value U.S. Treasury Bill $ 5,000 $ 4,935 $ 12 $ — $ 4,947 $ — $ 4,947 Certificates of Deposit 6,000 6,000 — (1) — 5,999 5,999 Total $ 11,000 $ 10,935 $ 12 $ (1) $ 4,947 $ 5,999 $ 10,946 December 31, 2023 Par Value Amortized Cost Gross Gross Level 1 Level 2 Total Fair Value Certificates of Deposit $ 8,000 $ 8,000 $ 5 $ (3) $ — $ 8,002 $ 8,002 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, 2024 and December 31, 2023, the Company did not have any other assets or liabilities measured at fair value on a nonrecurring basis. For cash and cash equivalents and short-term debt, the carrying amounts of such financial instruments approximate their fair values. As of June 30, 2024, the Company has estimated the fair value of its outstanding debt to be approximately $13.4 million compared to its carrying value of $17.2 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. Level 3 inputs include market rates obtained from American AgCredit, FLCA (“American AgCredit”) as of June 30, 2024 of 7.84% and 7.78% for the 2015 Term Loan (as defined below) and 2017 Term Loan (as defined below), respectively, as further discussed in Note 8, “Debt.” 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, 2024
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, 2024 and December 31, 2023, and amortization expense for the three and six months ended June 30, 2024 and 2023, is as follows (in thousands): June 30, 2024 December 31, 2023 Amortizable lives Gross carrying amount Accumulated amortization Net book value Gross carrying amount Accumulated amortization Net book value Brands 15-17 $ 18,000 $ (13,749) $ 4,251 $ 18,000 $ (13,218) $ 4,782 Distributor relationships 10-14 2,700 (2,514) 186 2,700 (2,415) 285 Legacy permits 14 250 (234) 16 250 (225) 25 Trademark 20 200 (158) 42 200 (153) 47 Total $ 21,150 $ (16,655) $ 4,495 $ 21,150 $ (16,011) $ 5,139 Deferred tax asset 450 450 Other non-current assets 120 161 Total intangible and other non-current assets, net $ 5,065 $ 5,750 Three Months Ended June 30, Six Months Ended 2024 2023 2024 2023 Total amortization expense $ 322 $ 322 $ 644 $ 643 The estimated aggregate future amortization of intangible assets as of June 30, 2024 is identified below (in thousands): Amortization Remainder of 2024 $ 642 2025 1,168 2026 1,073 2027 1,073 2028 469 Thereafter 70 Total $ 4,495

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and December 31, 2023 (in thousands): June 30, 2024 December 31, 2023 Accounts payable and accrued grape liabilities $ 2,941 $ 7,524 Accrued compensation related expenses 2,529 2,965 Sales and marketing 689 575 Acquisition of property and equipment 496 210 Accrued interest 228 235 Depletion allowance 519 675 Production and farming 272 318 Other accrued expenses 326 341 Total accounts payable and accrued liabilities $ 8,000 $ 12,843

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt A summary of debt at June 30, 2024 and December 31, 2023 is as follows (in thousands): June 30, 2024 December 31, 2023 Revolving Credit Facility (1) $ — $ — Senior Secured Term Loan Agreement due 2040, with an interest rate of 5.24% (2) 10,560 10,880 Senior Secured Term Loan Agreement due 2037, with an interest rate of 5.39% (3) 6,625 6,875 Unamortized loan fees (78) (84) Total debt 17,107 17,671 Less current portion of long-term debt 1,130 1,129 Long-term debt due after one year, net $ 15,977 $ 16,542 ______________________________________ (1) The Revolving Credit Facility, a $60.0 million revolving credit facility between the Company and American AgCredit, as agent for the lenders thereunder, is 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. The Revolving Loan provides up to $10.0 million of availability in the aggregate for a five year term, and the Term Revolving Loan provides up to $50.0 million in the aggregate for a fifteen year (2) Pine Ridge Winery, LLC, a wholly-owned subsidiary of Crimson, is party to a senior secured term loan agreement due on October 1, 2040 (the “2015 Term Loan”). Principal and interest are payable in quarterly installments. (3) Double Canyon Vineyards, LLC, a wholly-owned subsidiary of Crimson, is party to a senior secured term loan agreement due on July 1, 2037 (the “2017 Term Loan”). Principal and interest are payable in quarterly installments. Debt covenants include the maintenance of specified debt and equity ratios, a specified fixed charge coverage ratio, and certain customary affirmative and negative covenants, including limitations on the incurrence of additional indebtedness, limitations on dividends and other distributions to shareholders and restrictions on certain investments, certain mergers, consolidations and sales of assets. The Company was in compliance with all existing debt covenants as of June 30, 2024. A summary of debt maturities as of June 30, 2024 is as follows (in thousands): Principal due the remainder of 2024 $ 570 Principal due in 2025 1,140 Principal due in 2026 1,140 Principal due in 2027 1,140 Principal due in 2028 1,140 Principal due thereafter 12,055 Total $ 17,185

Stockholders' Equity and Stock-

Stockholders' Equity and Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Stockholders' Equity and Stock-Based Compensation	Stockholders ’ Equity and Stock-Based Compensation Share Repurchase In March 2023, the Company commenced a share repurchase program (the “2023 Repurchase Program”) that provided for the repurchase of up to 2,000,000 shares of outstanding common stock. Under the 2023 Repurchase Program, any repurchased shares are constructively retired. In 2023, the Company repurchased a total of 414,634 shares of its common stock at an average purchase price of $6.25 per share for an aggregate purchase price of $2.6 million. During the six months ended June 30, 2024, the Company repurchased 241,533 shares of its common stock at an average purchase price of $5.86 per share for an aggregate purchase price of $1.4 million. The Company’s repurchase was funded through cash on hand, and the shares were retired. Stock-Based Compensation In February 2013, the Company adopted the 2013 Omnibus Incentive Plan (the “2013 Plan”), which provides for the granting of up to 1,000,000 stock options or other common stock-based awards. In July 2022, upon the approval of the Board of Directors and the Company’s stockholders, the Company adopted the 2022 Omnibus Incentive Plan (the “2022 Plan”) to supersede and replace the 2013 Plan. The 2022 Plan provides for the granting of up to 678,000 stock options or other common stock-based awards. The terms of awards that may be granted, including vesting and performance criteria, if any, will be determined by the Board of Directors. In December 2019, under the 2013 Plan, option grants for 89,000 shares were issued. The options vest annually over five years and expire seven years from the date of grant. In July 2021, stock option awards for 233,000 shares were issued to certain members of management. Subject to the terms of the respective option award agreements, the options vest in four equal increments in January 2022, January 2023, January 2024 and January 2025, and the options will expire seven years from the date of grant. In March 2022, stock option awards for 500,000 shares were granted to the Company’s Chief Executive Officer. Such options are divided into four tranches, are subject to both performance-based vesting requirements and time-based vesting requirements, and expire ten years from the date of grant. In March 2023 and March 2024, stock option awards for 500,000 and 115,000 shares, respectively, were granted to certain officers and employees of the Company. Such options are divided into five tranches, are subject to both performance-based vesting requirements and time-based vesting requirements, and expire ten years from the date of grant. The performance-based vesting requirements for the grants made from 2022 through 2024 are tied to annual or cumulative Adjusted EBITDA targets, as defined within the respective underlying option award agreements. The Company believes it will achieve the listed targets for each agreement and has recorded the related stock-based compensation expense for the three and six months ended June 30, 2024. The exercise price for all respective options was either the closing price or average trading price on the date of grant. Estimates of stock-based compensation expense require a number of complex and subjective assumptions, including the selection of an option pricing model. The Company determined the grant date fair value of the awards using the Black-Scholes-Merton option-pricing valuation model. During the six months ended June 30, 2024, the Company granted stock options in respect of 115,000 shares. The fair value of these grants was computed based on the following assumptions: Shares issued 115,000 Expected term 7.39 - 9.39 years Expected dividend yield — % Risk-free interest rate 4.22 % Expected stock price volatility 28 - 30% Stock price $ 5.78 Weighted-average grant date fair value $ 2.61 Grant date fair value (in thousands) $ 300 As of June 30, 2024, stock options in respect of 1,273,000 shares remained outstanding. There were no stock option exercises, forfeitures, or expirations during the six months ended June 30, 2024. The stock-based compensation expense for these grants is based on the grant date fair value, which will be recorded over the respective vesting periods. $141 thousand and $271 thousand were recorded as stock-based compensation expense for the three and six months ended June 30, 2024, respectively. $148 thousand and $264 thousand were recorded as stock-based compensation expense for the three and six months ended June 30, 2023, respectively. Stock-based compensation expense was recorded to general and administrative expense in the unaudited interim condensed consolidated statements of operations.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The consolidated income tax expense or benefit for the three and six months ended June 30, 2024 and 2023, was determined based upon the Company’s estimated consolidated effective income tax rates calculated without discrete items for the years ending December 31, 2024 and 2023, respectively, and then adjusting for any discrete items. The Company’s effective tax rates for the three months ended June 30, 2024 and 2023 were 28.4% and 28.2%, respectively. The Company’s effective tax rates for the six months ended June 30, 2024 and 2023 were 27.6% and 27.4%, respectively. The difference between the consolidated effective income tax rate and the U.S. federal statutory rate for the three and six months ended June 30, 2024 was primarily attributable to state income taxes and other permanent items.

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Company has identified two operating segments, Wholesale net sales and Direct to Consumer net sales, which are reportable segments for financial statement reporting purposes, 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 tasting rooms, remote sites and on-site events, wine club sales, direct phone sales, Ecommerce 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 tables outline the net sales, cost of sales, gross profit, directly attributable selling expenses and operating income (loss) for the Company’s reportable segments for the three and six months ended June 30, 2024 and 2023, 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, tasting fees, and non-wine 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) 2024 2023 2024 2023 2024 2023 2024 2023 Net sales $ 9,372 $ 9,882 $ 6,656 $ 6,937 $ 1,218 $ 899 $ 17,246 $ 17,718 Cost of sales 5,394 6,165 2,445 2,248 616 708 8,455 9,121 Gross profit 3,978 3,717 4,211 4,689 602 191 8,791 8,597 Operating expenses: Sales and marketing 1,651 1,609 2,010 1,796 1,265 1,115 4,926 4,520 General and administrative — — — — 3,749 3,560 3,749 3,560 Total operating expenses 1,651 1,609 2,010 1,796 5,014 4,675 8,675 8,080 Net loss (gain) on disposal of property and equipment — — 21 — 141 (15) 162 (15) Income (loss) from operations $ 2,327 $ 2,108 $ 2,180 $ 2,893 $ (4,553) $ (4,469) $ (46) $ 532 Six Months Ended June 30, Wholesale Direct to Consumer Other/Non-Allocable Total (in thousands) 2024 2023 2024 2023 2024 2023 2024 2023 Net sales $ 18,511 $ 18,202 $ 12,718 $ 12,884 $ 1,947 $ 1,853 $ 33,176 $ 32,939 Cost of sales 11,001 11,440 4,583 4,267 1,105 1,701 16,689 17,408 Gross profit 7,510 6,762 8,135 8,617 842 152 16,487 15,531 Operating expenses: Sales and marketing 3,167 3,203 3,948 3,521 2,639 2,106 9,754 8,830 General and administrative — — — — 7,512 7,028 7,512 7,028 Total operating expenses 3,167 3,203 3,948 3,521 10,151 9,134 17,266 15,858 Net loss on disposal of property and equipment — — 27 — 346 34 373 34 Income (loss) from operations $ 4,343 $ 3,559 $ 4,160 $ 5,096 $ (9,655) $ (9,016) $ (1,152) $ (361)

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies 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. The Company does not believe that there is any pending litigation that could have a significant adverse impact on its consolidated financial position, liquidity or results of operations. 2017 Wildfires In October 2017, significant wildfires impacted the Company’s operations and damaged its inventory. The Company has settled insurance claims totaling $1.3 million related to such wildfires through August 2020, and no further proceeds are anticipated. In September 2023, the Company accepted and received a settlement payout from the Fire Victim Trust (the “Fire Victim Trust”), which was formed in connection with PG&E Corporation and Pacific Gas and Electric Company’s (together, “PG&E”) joint plan of reorganization under Chapter 11 to, among other things, review and resolve eligible claims arising from certain wildfires. The settlement payout received in September 2023 was for an amount of $1.9 million, which the Company recorded in other income, net. This amount represents a portion of the total amount approved by the Fire Victim Trust for lost business income over a 36-month period from October 2017 to September 2020. Although the Company is expecting additional payouts from this settlement with PG&E, the amounts and timing are not guaranteed and could vary contingent on additional funding from PG&E towards the Fire Victim Trust for all fire victims.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The following table reconciles the weighted-average common shares outstanding used in the calculations of the Company’s basic and diluted earnings (loss) per share: Three Months Ended Six Months Ended ($ and shares in thousands, except per share amounts) 2024 2023 2024 2023 Net income (loss) $ 128 $ 546 $ (505) $ (66) Common shares: Weighted-average number of common shares outstanding - basic 20,821 21,412 20,878 21,430 Dilutive effect of stock options outstanding — — — — Weighted-average number of common shares outstanding - diluted 20,821 21,412 20,878 21,430 Earnings (loss) per share: Basic $ 0.01 $ 0.03 $ (0.02) $ 0.00 Diluted $ 0.01 $ 0.03 $ (0.02) $ 0.00 Antidilutive stock options (1) 1,273 1,322 1,273 1,322 __________________________________________ (1) Amounts represent stock options that are excluded from the diluted earnings per share calculations because the options are antidilutive.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events As previously disclosed in the Company’s Current Reports on Form 8-K as filed with the SEC on July 5, 2024 and July 25, 2024, the Company detected a cybersecurity incident in which an unauthorized third party gained access to certain information systems of the Company on June 30, 2024. Upon detection, the Company promptly initiated response protocols and began taking steps to contain, assess and remediate the cybersecurity incident, including launching an investigation with external cybersecurity experts. Although the Company believes that the cybersecurity incident has not had, and is not reasonably likely to have, a material impact on its overall financial condition or results of operations, its investigation of this incident is ongoing and the Company may discover other impacts or new events related to this incident may occur that could affect the Company’s financial condition or results of operations. An estimate of its financial effect cannot be made as of the filing date of this Form 10-Q. In connection with the ongoing settlement payout with the Fire Victim Trust as discussed in Note 12, “Contingencies,” in July 2024, the Company received a supplemental payment in the amount of $0.2 million. This amount is in line with a pro rata payment percentage increase approved by the Fire Victim Trust. Although the Company is expecting additional payouts from its settlement with PG&E, the amounts and timing are not guaranteed and could vary contingent on additional funding from PG&E towards the Fire Victim Trust for all fire victims.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income (loss)	$ 128	$ 546	$ (505)	$ (66)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Background and Basis of Prese_2

Background and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Financial Statement Preparation	Financial Statement Preparation
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”) to improve reportable segment disclosures, primarily through enhanced disclosures related to significant segment expenses regularly provided to the chief operating decision maker (“CODM”), requiring disclosure of other segment items by reportable segment and a description of its composition, extending certain current annual disclosures to interim periods, and additional information regarding the title and position of the CODM and how the CODM uses the segment reportable measure(s) to assess performance and determine resource allocation. Additionally, it requires single reportable segment public entities to apply Topic 280 in its entirety. ASU 2023-07 will be effective for the Company beginning with the fiscal year ended December 31, 2024, and for interim periods beginning in the fiscal year ended December 31, 2025, on a retrospective basis. Early adoption is permitted. Management is currently assessing the impact of ASU 2023-07 on the Company’s condensed consolidated financial statements and related disclosures.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Allowance for Credit Loss	The following table reflects changes in the allowance for credit losses balance during each of the six-month periods ended June 30, 2024 and 2023 (in thousands): 2024 2023 Balance at January 1, $ 173 $ 187 Current period provision (150) — Write-offs charged against the allowance — (14) Balance at June 30, $ 23 $ 173

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	A summary of inventory at June 30, 2024 and December 31, 2023 is as follows (in thousands): June 30, 2024 December 31, 2023 Finished goods $ 26,498 $ 23,921 In-process goods 30,420 33,856 Packaging and bottling supplies 529 317 Total inventory $ 57,447 $ 58,094

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	A summary of property and equipment at June 30, 2024 and December 31, 2023, and depreciation and amortization for the three and six months ended June 30, 2024 and 2023, is as follows (in thousands): Depreciable Lives (in years) June 30, 2024 December 31, 2023 Land and improvements N/A $ 44,912 $ 44,912 Buildings and improvements 20-40 66,370 66,083 Winery and vineyard equipment 3-25 40,072 40,242 Vineyards and improvements 7-25 33,248 34,812 Caves 20-40 5,639 5,639 Vineyards under development N/A 4,514 3,892 Construction in progress N/A 2,610 1,053 Total 197,365 196,633 Accumulated depreciation and amortization (81,757) (80,173) Total property and equipment, net $ 115,608 $ 116,460 Three Months Ended June 30, Six Months Ended June 30, Depreciation and amortization: 2024 2023 2024 2023 Capitalized into inventory $ 1,243 $ 1,134 $ 2,501 $ 2,270 Expensed to general and administrative 475 387 948 758 Total depreciation and amortization $ 1,718 $ 1,521 $ 3,449 $ 3,028

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 and December 31, 2023 are as follows (in thousands): June 30, 2024 Par Value Amortized Cost Gross Gross Level 1 Level 2 Total Fair Value U.S. Treasury Bill $ 5,000 $ 4,935 $ 12 $ — $ 4,947 $ — $ 4,947 Certificates of Deposit 6,000 6,000 — (1) — 5,999 5,999 Total $ 11,000 $ 10,935 $ 12 $ (1) $ 4,947 $ 5,999 $ 10,946 December 31, 2023 Par Value Amortized Cost Gross Gross Level 1 Level 2 Total Fair Value Certificates of Deposit $ 8,000 $ 8,000 $ 5 $ (3) $ — $ 8,002 $ 8,002

Intangible and Other Non-Curr_2

Intangible and Other Non-Current Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	A summary of intangible and other non-current assets at June 30, 2024 and December 31, 2023, and amortization expense for the three and six months ended June 30, 2024 and 2023, is as follows (in thousands): June 30, 2024 December 31, 2023 Amortizable lives Gross carrying amount Accumulated amortization Net book value Gross carrying amount Accumulated amortization Net book value Brands 15-17 $ 18,000 $ (13,749) $ 4,251 $ 18,000 $ (13,218) $ 4,782 Distributor relationships 10-14 2,700 (2,514) 186 2,700 (2,415) 285 Legacy permits 14 250 (234) 16 250 (225) 25 Trademark 20 200 (158) 42 200 (153) 47 Total $ 21,150 $ (16,655) $ 4,495 $ 21,150 $ (16,011) $ 5,139 Deferred tax asset 450 450 Other non-current assets 120 161 Total intangible and other non-current assets, net $ 5,065 $ 5,750 Three Months Ended June 30, Six Months Ended 2024 2023 2024 2023 Total amortization expense $ 322 $ 322 $ 644 $ 643
Schedule of Amortization Expense for Intangible Assets	The estimated aggregate future amortization of intangible assets as of June 30, 2024 is identified below (in thousands): Amortization Remainder of 2024 $ 642 2025 1,168 2026 1,073 2027 1,073 2028 469 Thereafter 70 Total $ 4,495

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Other Accrued Expenses	Accounts payable and accrued liabilities consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands): June 30, 2024 December 31, 2023 Accounts payable and accrued grape liabilities $ 2,941 $ 7,524 Accrued compensation related expenses 2,529 2,965 Sales and marketing 689 575 Acquisition of property and equipment 496 210 Accrued interest 228 235 Depletion allowance 519 675 Production and farming 272 318 Other accrued expenses 326 341 Total accounts payable and accrued liabilities $ 8,000 $ 12,843

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	A summary of debt at June 30, 2024 and December 31, 2023 is as follows (in thousands): June 30, 2024 December 31, 2023 Revolving Credit Facility (1) $ — $ — Senior Secured Term Loan Agreement due 2040, with an interest rate of 5.24% (2) 10,560 10,880 Senior Secured Term Loan Agreement due 2037, with an interest rate of 5.39% (3) 6,625 6,875 Unamortized loan fees (78) (84) Total debt 17,107 17,671 Less current portion of long-term debt 1,130 1,129 Long-term debt due after one year, net $ 15,977 $ 16,542 ______________________________________ (1) The Revolving Credit Facility, a $60.0 million revolving credit facility between the Company and American AgCredit, as agent for the lenders thereunder, is 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. The Revolving Loan provides up to $10.0 million of availability in the aggregate for a five year term, and the Term Revolving Loan provides up to $50.0 million in the aggregate for a fifteen year (2) Pine Ridge Winery, LLC, a wholly-owned subsidiary of Crimson, is party to a senior secured term loan agreement due on October 1, 2040 (the “2015 Term Loan”). Principal and interest are payable in quarterly installments. (3) Double Canyon Vineyards, LLC, a wholly-owned subsidiary of Crimson, is party to a senior secured term loan agreement due on July 1, 2037 (the “2017 Term Loan”). Principal and interest are payable in quarterly installments.
Schedule of Maturities of Long-term Debt	A summary of debt maturities as of June 30, 2024 is as follows (in thousands): Principal due the remainder of 2024 $ 570 Principal due in 2025 1,140 Principal due in 2026 1,140 Principal due in 2027 1,140 Principal due in 2028 1,140 Principal due thereafter 12,055 Total $ 17,185

Stockholders' Equity and Stoc_2

Stockholders' Equity and Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Schedule of Fair Value Assumptions of Share-based Compensation	The fair value of these grants was computed based on the following assumptions: Shares issued 115,000 Expected term 7.39 - 9.39 years Expected dividend yield — % Risk-free interest rate 4.22 % Expected stock price volatility 28 - 30% Stock price $ 5.78 Weighted-average grant date fair value $ 2.61 Grant date fair value (in thousands) $ 300

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule Of Segment Reporting	The following tables outline the net sales, cost of sales, gross profit, directly attributable selling expenses and operating income (loss) for the Company’s reportable segments for the three and six months ended June 30, 2024 and 2023, 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, tasting fees, and non-wine 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) 2024 2023 2024 2023 2024 2023 2024 2023 Net sales $ 9,372 $ 9,882 $ 6,656 $ 6,937 $ 1,218 $ 899 $ 17,246 $ 17,718 Cost of sales 5,394 6,165 2,445 2,248 616 708 8,455 9,121 Gross profit 3,978 3,717 4,211 4,689 602 191 8,791 8,597 Operating expenses: Sales and marketing 1,651 1,609 2,010 1,796 1,265 1,115 4,926 4,520 General and administrative — — — — 3,749 3,560 3,749 3,560 Total operating expenses 1,651 1,609 2,010 1,796 5,014 4,675 8,675 8,080 Net loss (gain) on disposal of property and equipment — — 21 — 141 (15) 162 (15) Income (loss) from operations $ 2,327 $ 2,108 $ 2,180 $ 2,893 $ (4,553) $ (4,469) $ (46) $ 532 Six Months Ended June 30, Wholesale Direct to Consumer Other/Non-Allocable Total (in thousands) 2024 2023 2024 2023 2024 2023 2024 2023 Net sales $ 18,511 $ 18,202 $ 12,718 $ 12,884 $ 1,947 $ 1,853 $ 33,176 $ 32,939 Cost of sales 11,001 11,440 4,583 4,267 1,105 1,701 16,689 17,408 Gross profit 7,510 6,762 8,135 8,617 842 152 16,487 15,531 Operating expenses: Sales and marketing 3,167 3,203 3,948 3,521 2,639 2,106 9,754 8,830 General and administrative — — — — 7,512 7,028 7,512 7,028 Total operating expenses 3,167 3,203 3,948 3,521 10,151 9,134 17,266 15,858 Net loss on disposal of property and equipment — — 27 — 346 34 373 34 Income (loss) from operations $ 4,343 $ 3,559 $ 4,160 $ 5,096 $ (9,655) $ (9,016) $ (1,152) $ (361)

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Loss Per Common Share	The following table reconciles the weighted-average common shares outstanding used in the calculations of the Company’s basic and diluted earnings (loss) per share: Three Months Ended Six Months Ended ($ and shares in thousands, except per share amounts) 2024 2023 2024 2023 Net income (loss) $ 128 $ 546 $ (505) $ (66) Common shares: Weighted-average number of common shares outstanding - basic 20,821 21,412 20,878 21,430 Dilutive effect of stock options outstanding — — — — Weighted-average number of common shares outstanding - diluted 20,821 21,412 20,878 21,430 Earnings (loss) per share: Basic $ 0.01 $ 0.03 $ (0.02) $ 0.00 Diluted $ 0.01 $ 0.03 $ (0.02) $ 0.00 Antidilutive stock options (1) 1,273 1,322 1,273 1,322 __________________________________________ (1) Amounts represent stock options that are excluded from the diluted earnings per share calculations because the options are antidilutive.

Background and Basis of Prese_3

Background and Basis of Presentation (Details)	6 Months Ended
	Jun. 30, 2024 USD ($) winery
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Price per bottle | $	$ 16
Number of wineries owned | winery	7

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Outstanding contract liability	$ 602		$ 666
Revenue recognized	500	$ 300
Allowance for credit losses	$ 23	$ 173	$ 173	$ 187
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 (Allowance for Credit L

Revenue (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1,	$ 173	$ 187
Current period provision	(150)	0
Write-offs charged against the allowance	0	(14)
Balance at June 30,	$ 23	$ 173

Inventory (Summary of Inventory

Inventory (Summary of Inventory) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 26,498	$ 23,921
In-process goods	30,420	33,856
Packaging and bottling supplies	529	317
Total inventory	$ 57,447	$ 58,094

Inventory (Narrative) (Details)

Inventory (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Inventory Disclosure [Abstract]
(Reversal of) loss on inventory write-downs	$ 0	$ 200,000	$ 115,000	$ 531,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 197,365		$ 197,365		$ 196,633
Accumulated depreciation and amortization	(81,757)		(81,757)		(80,173)
Total property and equipment, net	115,608		115,608		116,460
Capitalized into inventory	1,243	$ 1,134	2,501	$ 2,270
Expensed to general and administrative	475	387	948	758
Total depreciation and amortization	1,718	$ 1,521	3,449	$ 3,028
Land and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	44,912		44,912		44,912
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 66,370		$ 66,370		66,083
Buildings and improvements | Minimum
Property, Plant and Equipment [Line Items]
Depreciable Lives	20 years		20 years
Buildings and improvements | Maximum
Property, Plant and Equipment [Line Items]
Depreciable Lives	40 years		40 years
Winery and vineyard equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 40,072		$ 40,072		40,242
Winery and vineyard equipment | Minimum
Property, Plant and Equipment [Line Items]
Depreciable Lives	3 years		3 years
Winery and vineyard equipment | Maximum
Property, Plant and Equipment [Line Items]
Depreciable Lives	25 years		25 years
Vineyards and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 33,248		$ 33,248		34,812
Vineyards and improvements | Minimum
Property, Plant and Equipment [Line Items]
Depreciable Lives	7 years		7 years
Vineyards and improvements | Maximum
Property, Plant and Equipment [Line Items]
Depreciable Lives	25 years		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		20 years
Caves | Maximum
Property, Plant and Equipment [Line Items]
Depreciable Lives	40 years		40 years
Vineyards under development
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,514		$ 4,514		3,892
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,610		$ 2,610		$ 1,053

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Investment maturity period (in years)	1 year
Fair value of outstanding debt	$ 13,400
Carrying value of outstanding debt	17,185
Term Loan Due 2040
Debt Instrument [Line Items]
Carrying value of outstanding debt	$ 10,560	$ 10,880
Interest rate (as a percent)	7.84%
Term Loan Due 2037
Debt Instrument [Line Items]
Carrying value of outstanding debt	$ 6,625	$ 6,875
Interest rate (as a percent)	7.78%

Financial Instruments (Schedule

Financial Instruments (Schedule of Available for Sale Securities) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Par Value	$ 11,000
Amortized Cost	10,935
Gross Unrealized Gains	12
Gross Unrealized Losses	(1)
Total Fair Value Measurements	10,946
Level 1
Debt Securities, Available-for-sale [Line Items]
Total Fair Value Measurements	4,947
Level 2
Debt Securities, Available-for-sale [Line Items]
Total Fair Value Measurements	5,999
U.S. Treasury Bill
Debt Securities, Available-for-sale [Line Items]
Par Value	5,000
Amortized Cost	4,935
Gross Unrealized Gains	12
Gross Unrealized Losses	0
Total Fair Value Measurements	4,947
U.S. Treasury Bill | Level 1
Debt Securities, Available-for-sale [Line Items]
Total Fair Value Measurements	4,947
U.S. Treasury Bill | Level 2
Debt Securities, Available-for-sale [Line Items]
Total Fair Value Measurements	0
Certificates of Deposit
Debt Securities, Available-for-sale [Line Items]
Par Value	6,000	$ 8,000
Amortized Cost	6,000	8,000
Gross Unrealized Gains	0	5
Gross Unrealized Losses	(1)	(3)
Total Fair Value Measurements	5,999	8,002
Certificates of Deposit | Level 1
Debt Securities, Available-for-sale [Line Items]
Total Fair Value Measurements	0	0
Certificates of Deposit | Level 2
Debt Securities, Available-for-sale [Line Items]
Total Fair Value Measurements	$ 5,999	$ 8,002

Intangible and Other Non-Curr_3

Intangible and Other Non-Current Assets (Summary of Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 21,150		$ 21,150		$ 21,150
Accumulated amortization	(16,655)		(16,655)		(16,011)
Net book value	4,495		4,495		5,139
Deferred tax asset	450		450		450
Other non-current assets	120		120		161
Total intangible and other non-current assets, net	5,065		5,065		5,750
Total amortization expense	322	$ 322	644	$ 643
Brands
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	18,000		18,000		18,000
Accumulated amortization	(13,749)		(13,749)		(13,218)
Net book value	$ 4,251		$ 4,251		4,782
Brands | Minimum
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)	15 years		15 years
Brands | Maximum
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)	17 years		17 years
Distributor relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 2,700		$ 2,700		2,700
Accumulated amortization	(2,514)		(2,514)		(2,415)
Net book value	$ 186		$ 186		285
Distributor relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)	10 years		10 years
Distributor relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)	14 years		14 years
Legacy permits
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)	14 years		14 years
Gross carrying amount	$ 250		$ 250		250
Accumulated amortization	(234)		(234)		(225)
Net book value	$ 16		$ 16		25
Trademark
Finite-Lived Intangible Assets [Line Items]
Amortizable lives (in years)	20 years		20 years
Gross carrying amount	$ 200		$ 200		200
Accumulated amortization	(158)		(158)		(153)
Net book value	$ 42		$ 42		$ 47

Intangible and Other Non-Curr_4

Intangible and Other Non-Current Assets (Amortization Expense for Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 642
2025	1,168
2026	1,073
2027	1,073
2028	469
Thereafter	70
Net book value	$ 4,495	$ 5,139

Accounts Payable and Accrued _3

Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts payable and accrued grape liabilities	$ 2,941	$ 7,524
Accrued compensation related expenses	2,529	2,965
Sales and marketing	689	575
Acquisition of property and equipment	496	210
Accrued interest	228	235
Depletion allowance	519	675
Production and farming	272	318
Other accrued expenses	326	341
Total accounts payable and accrued liabilities	$ 8,000	$ 12,843

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Carrying value of outstanding debt	$ 17,185,000
Unamortized loan fees	(78,000)	$ (84,000)
Total debt	17,107,000	17,671,000
Less current portion of long-term debt	1,130,000	1,129,000
Long-term debt due after one year, net	$ 15,977,000	16,542,000
Minimum
Debt Instrument [Line Items]
Unused line fee (as a percent)	0.125%
Maximum
Debt Instrument [Line Items]
Unused line fee (as a percent)	0.225%
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility	$ 0	$ 0
Credit facility borrowing capacity	60,000,000
Term Revolving Loan
Debt Instrument [Line Items]
Credit facility borrowing capacity	$ 10,000,000
Term of debt	5 years
Term Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility borrowing capacity	$ 50,000,000
Term of debt	15 years
Term Loan Due 2040
Debt Instrument [Line Items]
Interest rate (as a percent)	5.24%	5.24%
Carrying value of outstanding debt	$ 10,560,000	$ 10,880,000
Term Loan Due 2037
Debt Instrument [Line Items]
Interest rate (as a percent)	5.39%	5.39%
Carrying value of outstanding debt	$ 6,625,000	$ 6,875,000

Debt (Long-term Debt Maturities

Debt (Long-term Debt Maturities) (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Maturities of Long-term Debt [Abstract]
Principal due the remainder of 2024	$ 570
Principal due in 2025	1,140
Principal due in 2026	1,140
Principal due in 2027	1,140
Principal due in 2028	1,140
Principal due thereafter	12,055
Total	$ 17,185

Stockholders' Equity and Stoc_3

Stockholders' Equity and Stock-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Mar. 31, 2024 tranche shares

Mar. 31, 2023 USD ($) tranche shares

Mar. 31, 2022 tranche shares

Jul. 31, 2021 increment shares

Dec. 31, 2019 shares

Jun. 30, 2024 USD ($) shares

Jun. 30, 2023 USD ($)

Jun. 30, 2024 USD ($) $ / shares shares

Jun. 30, 2023 USD ($)

Dec. 31, 2023 USD ($) $ / shares shares

Jul. 31, 2022 shares

Feb. 28, 2013 shares

Equity, Class of Treasury Stock [Line Items]

Repurchase of common stock | $

$ 1,461

$ 598

Options outstanding under share-based compensation arrangement (in shares)

1,273,000

1,273,000

Share-based compensation arrangement by share-based payment award, options, exercises in period (in shares)

0

Share-based compensation arrangement by share-based payment award, options, expirations in period (in shares)

0

Stock-based compensation | $

$ 141

$ 148

$ 271

$ 264

Award Date One

Equity, Class of Treasury Stock [Line Items]

Units issued under share-based compensation arrangement (in shares)

89,000

Vesting period (in years)

5 years

Expiration period (in years)

7 years

Award Date Two

Equity, Class of Treasury Stock [Line Items]

Units issued under share-based compensation arrangement (in shares)

233,000

Expiration period (in years)

7 years

Number of vesting tranches | increment

4

Award Date Three

Equity, Class of Treasury Stock [Line Items]

Units issued under share-based compensation arrangement (in shares)

500,000

Expiration period (in years)

10 years

Number of vesting tranches | tranche

4

Award Date Four

Equity, Class of Treasury Stock [Line Items]

Units issued under share-based compensation arrangement (in shares)

500,000

Expiration period (in years)

10 years

10 years

Number of vesting tranches | tranche

5

5

Options outstanding under share-based compensation arrangement (in shares)

115,000

115,000

Award Date Five

Equity, Class of Treasury Stock [Line Items]

Units issued under share-based compensation arrangement (in shares)

115,000

115,000

2013 Plan | Stock Option

Equity, Class of Treasury Stock [Line Items]

Share-based compensation arrangement by share-based payment award, number of shares authorized (in shares)

1,000,000

2022 Plan | Stock Option

Equity, Class of Treasury Stock [Line Items]

Share-based compensation arrangement by share-based payment award, number of shares authorized (in shares)

678,000

2023 Repurchase Program

Equity, Class of Treasury Stock [Line Items]

Share repurchase program amount authorized (up to) | $

$ 2,000

Repurchased common stock (in shares)

241,533

414,634

Purchase price (in dollars per share) | $ / shares

$ 5.86

$ 6.25

Repurchase of common stock | $

$ 1,400

$ 2,600

Stockholders' Equity and Stoc_4

Stockholders' Equity and Stock-Based Compensation (Grant Date Fair Value of the Awards) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Equity, Class of Treasury Stock [Line Items]
Shares issued (in shares) | shares	1,273
Award Date Five
Equity, Class of Treasury Stock [Line Items]
Expected dividend yield (as a percent)	0%
Risk-free interest rate (as a percent)	4.22%
Expected stock price volatility, minimum (as a percent)	28%
Expected stock price volatility, maximum (as a percent)	30%
Stock price (in dollars per share)	$ 5.78
Weighted-average grant date fair value (in dollars per share)	$ 2.61
Grant date fair value | $	$ 300
Minimum | Award Date Five
Equity, Class of Treasury Stock [Line Items]
Expected term (in years)	7 years 4 months 20 days
Maximum | Award Date Five
Equity, Class of Treasury Stock [Line Items]
Expected term (in years)	9 years 4 months 20 days

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate (as a percent)	28.40%	28.20%	27.60%	27.40%

Business Segment Information (N

Business Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2024 segment
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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net sales	$ 17,246	$ 17,718	$ 33,176	$ 32,939
Cost of sales	8,455	9,121	16,689	17,408
Gross profit	8,791	8,597	16,487	15,531
Operating expenses:
Sales and marketing	4,926	4,520	9,754	8,830
General and administrative	3,749	3,560	7,512	7,028
Total operating expenses	8,675	8,080	17,266	15,858
Net loss (gain) on disposal of property and equipment	162	(15)	373	34
(Loss) income from operations	(46)	532	(1,152)	(361)
Operating Segments | Wholesale
Segment Reporting Information [Line Items]
Net sales	9,372	9,882	18,511	18,202
Cost of sales	5,394	6,165	11,001	11,440
Gross profit	3,978	3,717	7,510	6,762
Operating expenses:
Sales and marketing	1,651	1,609	3,167	3,203
General and administrative	0	0	0	0
Total operating expenses	1,651	1,609	3,167	3,203
Net loss (gain) on disposal of property and equipment	0	0	0	0
(Loss) income from operations	2,327	2,108	4,343	3,559
Operating Segments | Direct to Consumer
Segment Reporting Information [Line Items]
Net sales	6,656	6,937	12,718	12,884
Cost of sales	2,445	2,248	4,583	4,267
Gross profit	4,211	4,689	8,135	8,617
Operating expenses:
Sales and marketing	2,010	1,796	3,948	3,521
General and administrative	0	0	0	0
Total operating expenses	2,010	1,796	3,948	3,521
Net loss (gain) on disposal of property and equipment	21	0	27	0
(Loss) income from operations	2,180	2,893	4,160	5,096
Other/Non-Allocable
Segment Reporting Information [Line Items]
Net sales	1,218	899	1,947	1,853
Cost of sales	616	708	1,105	1,701
Gross profit	602	191	842	152
Operating expenses:
Sales and marketing	1,265	1,115	2,639	2,106
General and administrative	3,749	3,560	7,512	7,028
Total operating expenses	5,014	4,675	10,151	9,134
Net loss (gain) on disposal of property and equipment	141	(15)	346	34
(Loss) income from operations	$ (4,553)	$ (4,469)	$ (9,655)	$ (9,016)

Contingencies (Details)

Contingencies (Details) - 2017 Wildfires - USD ($) $ in Millions	1 Months Ended	34 Months Ended
	Sep. 30, 2023	Aug. 31, 2020
Loss Contingencies [Line Items]
Insurance claims amount		$ 1.3
Proceeds from legal settlements	$ 1.9

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ 128	$ 546	$ (505)	$ (66)
Common shares:
Weighted-average number of common shares outstanding - basic (in shares)	20,821	21,412	20,878	21,430
Dilutive effect of stock options outstanding (in shares)	0	0	0	0
Weighted-average number of common shares outstanding - diluted (in shares)	20,821	21,412	20,878	21,430
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.01	$ 0.03	$ (0.02)	$ 0
Diluted (in dollars per share)	$ 0.01	$ 0.03	$ (0.02)	$ 0
Stock Option
Earnings (loss) per share:
Antidilutive stock options (in shares)	1,273	1,322	1,273	1,322

Subsequent Events (Details)

Subsequent Events (Details) - 2017 Wildfires - USD ($) $ in Millions	1 Months Ended
	Jul. 31, 2024	Sep. 30, 2023
Subsequent Event [Line Items]
Proceeds from legal settlements		$ 1.9
Subsequent Event
Subsequent Event [Line Items]
Proceeds from legal settlements	$ 0.2