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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues $ 15,171 $ 14,473 $ 53,816 $ 51,578
Cost of sales, excluding lower of cost or market adjustment 13,084 9,108 40,019 30,009
Lower of cost or market adjustment 14,700 0 14,700 0
Gross profit (loss) (12,613) 5,365 (903) 21,569
Operating expenses:        
Selling and marketing 756 572 2,397 1,926
General and administrative 1,077 1,078 2,967 3,242
Total operating expenses 1,833 1,650 5,364 5,168
Operating income (loss) (14,446) 3,715 (6,267) 16,401
Other income (expense):        
Interest expense (247) (174) (687) (532)
Interest income 0 0 0 1
Total other income (expense) (247) (174) (687) (531)
Income (loss) before income taxes (14,693) 3,541 (6,954) 15,870
Income tax (benefit) expense (5,578) 1,347 (2,642) 6,033
Net income (loss) $ (9,115) $ 2,194 $ (4,312) $ 9,837
Net income (loss) per common share - Basic $ (0.36) $ 0.09 $ (0.17) $ 0.41
Net income (loss) per common share - Diluted $ (0.36) $ 0.08 $ (0.17) $ 0.37
Weighted average number of shares outstanding - Basic 25,070,386 23,928,081 24,751,674 23,834,685
Weighted average number of shares outstanding - Diluted 25,070,386 26,566,674 24,751,674 26,241,273