XML 13 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net sales$ 271,649$ 46,039$ 659,390$ 194,087
Cost of goods sold263,46142,058647,355195,883
Gross profit (loss)8,1883,98112,035(1,796)
Selling, general and administrative expenses3,4952,73211,7429,065
Income (loss) from operations4,6931,249293(10,861)
Fair value adjustments on convertible debt and warrants4,113 6,968 
Loss on investment in Front Range (12,146) (12,146)
Loss on extinguishments of debt   (2,159)
Interest expense, net(4,071)(599)(11,337)(3,462)
Other expense, net(166)(622)(709)(1,088)
Income (loss) before reorganization costs, gain from bankruptcy exit and provision for income taxes4,569(12,118)(4,785)(29,716)
Reorganization costs   (4,153)
Gain from bankruptcy exit   119,408
Provision for income taxes0000
Net income (loss)4,569(12,118)(4,785)85,539
Net (income) loss attributed to noncontrolling interest in variable interest entity(217) 9,905 
Net income (loss) attributed to Pacific Ethanol4,352(12,118)5,12085,539
Preferred stock dividends(319)(758)(946)(2,346)
Income (loss) available to common stockholders$ 4,033$ (12,876)$ 4,174$ 83,193
Net income (loss) per share, basic (in Dollars per share)$ 0.12$ (1.10)$ 0.20$ 8.36
Net income (loss) per share, diluted (in Dollars per share)$ 0.12$ (1.10)$ 0.20$ 7.71
Weighted-average shares outstanding, basic (in Shares)33,20111,70021,2309,947
Weighted-average shares outstanding, diluted (in Shares)33,20111,70021,32811,099