v3.20.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES:        
Revenues $ 545,463 $ 560,145 $ 1,020,020 $ 1,038,282
Total revenues 545,964 560,643 1,020,633 1,038,852
COSTS OF GOODS SOLD: 521,349 587,415 888,745 1,078,416
GROSS PROFIT (LOSS) 24,615 (26,772) 131,888 (39,564)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 28,427 27,041 55,912 52,395
(GAIN) ON DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT (187) 0 (187) 0
IMPAIRMENT OF PROPERTY, PLANT AND EQUIPMENT 0 468 0 468
INCOME (LOSS) FROM OPERATIONS (3,625) (54,281) 76,163 (92,427)
OTHER INCOME (EXPENSE), NET:        
Change in fair value of contingent consideration 0 (398) 0 (702)
Gain (loss) on debt extinguishment 619 0 1,791 (2)
Gain on lease termination 4,459 0 4,459 0
Other income 2,214 691 1,911 1,545
Interest expense (1,190) (3,737) (3,662) (7,956)
Total other income (expense), net 6,102 (3,444) 4,499 (7,115)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 2,477 (57,725) 80,662 (99,542)
INCOME TAX BENEFIT (EXPENSE) (1,629) 90 (2,961) 520
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 848 (57,635) 77,701 (99,022)
NET LOSS ON DISCONTINUED OPERATIONS 0 (4,462) 0 (6,479)
NET INCOME (LOSS) 848 (62,097) 77,701 (105,501)
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS ON CONTINUING OPERATIONS 18 0 1,597 0
NET INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS 830 (57,635) 76,104 (99,022)
NET LOSS FROM DISCONTINUED OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS $ 0 $ (4,462) $ 0 $ (6,479)
Basic net income (loss) per share available to common stockholders:        
Continuing operations (in dollars per share) $ 0.02 $ (1.52) $ 1.95 $ (2.63)
Discontinued operations (in dollars per share) 0 (0.12) 0 (0.17)
Net income (loss) per share (in dollars per share) 0.02 (1.64) 1.95 (2.81)
Diluted net income (loss) per share available to common stockholders:        
Continuing operations (in dollars per share) 0.02 (1.52) 1.77 (2.63)
Discontinued operations (in dollars per share) 0 (0.12) 0 (0.17)
Net income (loss) per share (in dollars per share) $ 0.02 $ (1.64) $ 1.77 $ (2.81)
Weighted-average shares used to compute basic net income (loss) per share available to common stockholders:        
Basic (in shares) 39,177,381 37,851,735 39,078,219 37,603,921
Weighted-average shares used to compute diluted net income (loss) per share available to common stockholders:        
Net income (loss) (in shares) 43,084,501 37,851,735 43,000,196 37,603,921
Biomass-based diesel        
REVENUES:        
Revenues $ 451,329 $ 559,615 $ 857,727 $ 1,037,284
COSTS OF GOODS SOLD: 521,308 587,415 888,634 1,078,413
Biomass-based diesel government incentives        
REVENUES:        
Revenues 94,134 530 162,293 998
Other        
REVENUES:        
Total revenues 501 498 613 570
COSTS OF GOODS SOLD: $ 41 $ 0 $ 111 $ 3

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