Organization and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Organization and Significant Accounting Policies [Abstract]

Schedule of Sold to Customers Representing Company’s Total Net Sales

The Company sells specialty alcohols to consumer product companies and fuel-grade ethanol to gasoline refining and distribution companies. The Company sold to customers representing 10% or more of the Company’s total net sales, as follows.

	Years Ended December 31,
	2023			2022			2021
Customer A		9	%		10	%		13	%
Customer B		7	%		10	%		9	%

Schedule of Suppliers Representing Company’s Total Corn Purchases

The Company purchases corn, its largest cost component in producing alcohols, from its suppliers. The Company purchased corn from suppliers representing 10% or more of the Company’s total corn purchases, as follows:

	Years Ended December 31,
	2023			2022			2021
Supplier A		14	%		11	%		12	%
Supplier B		12	%		12	%		14	%
Supplier C		—	%		15	%		2	%

Schedule of Inventory

Inventory balances consisted of the following (in thousands):

	December 31,
	2023		2022
Finished goods	$	35,765	$	47,736
Work in progress		5,063		6,396
Raw materials		10,313		11,197
Other		1,470		1,299
Total	$	52,611	$	66,628

Schedule of Depreciation Is Computed Using the Straight-Line Method

Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives:

Buildings	40 years
Facilities and plant equipment	10 – 25 years
Other equipment, vehicles and furniture	5 – 10 years

Schedule of Basic and Diluted Earnings Per Share

The following tables compute basic and diluted income (loss) per share (in thousands, except per share data):

	Year Ended December 31, 2023
	Loss Numerator			Shares Denominator		Per-Share Amount
Consolidated net loss	$	(28,005	)
Less: Preferred stock dividends		(1,265	)
Basic and diluted loss per share:
Loss available to common stockholders	$	(29,270	)		73,339	$	(0.40	)

	Year Ended December 31, 2022
	Loss Numerator			Shares Denominator		Per-Share Amount
Consolidated net loss	$	(41,597	)
Less: Preferred stock dividends		(1,265	)
Basic and diluted loss per share:
Loss available to common stockholders	$	(42,862	)		71,944	$	(0.60	)

	Year Ended December 31, 2021
	Income Numerator			Shares Denominator		Per-Share Amount
Consolidated net income	$	46,082
Less: Preferred stock dividends		(1,265	)
Less: Income allocated to participating securities		(600	)
Basic income per share:
Income available to common stockholders	$	44,217			71,098	$	0.62
Add: Dilutive securities		—			1,121
Diluted income per share:
Income available to common stockholders	$	44,217			72,219	$	0.61