v3.20.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES:    
Revenues $ 474,557 $ 478,137
Total revenues 474,669 478,209
COSTS OF GOODS SOLD: 367,396 491,001
GROSS PROFIT (LOSS) 107,273 (12,792)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 27,485 25,354
INCOME (LOSS) FROM OPERATIONS 79,788 (38,146)
OTHER INCOME (EXPENSE), NET:    
Change in fair value of contingent consideration 0 (304)
Gain (loss) on debt extinguishment 1,172 (2)
Other income (loss) (304) 854
Interest expense (2,472) (4,219)
Total other income (expense), net (1,604) (3,671)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 78,184 (41,817)
INCOME TAX BENEFIT (EXPENSE) (1,331) 430
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 76,853 (41,387)
NET LOSS ON DISCONTINUED OPERATIONS 0 (2,017)
NET INCOME (LOSS) 76,853 (43,404)
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS ON CONTINUING OPERATIONS 1,553 0
NET INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS 75,300 (41,387)
NET LOSS FROM DISCONTINUED OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS $ 0 $ (2,017)
Basic net income (loss) per share available to common stockholders:    
Continuing operations (in dollars per share) $ 1.93 $ (1.11)
Discontinued operations (in dollars per share) 0 (0.05)
Net income (loss) per share (in dollars per share) 1.93 (1.16)
Diluted net income (loss) per share available to common stockholders:    
Continuing operations (in dollars per share) 1.72 (1.11)
Discontinued operations (in dollars per share) 0 (0.05)
Net income (loss) per share (in dollars per share) $ 1.72 $ (1.16)
Weighted-average shares used to compute basic net income (loss) per share available to common stockholders:    
Basic (in shares) 38,979,057 37,353,352
Weighted-average shares used to compute diluted net income (loss) per share available to common stockholders:    
Continuing operations (in shares) 43,692,155 37,353,352
Discontinued operations (in shares) 0 37,353,352
Net income (loss) (in shares) 43,692,155 37,353,352
Biomass-based diesel    
REVENUES:    
Revenues $ 406,398 $ 477,669
COSTS OF GOODS SOLD: 367,326 490,998
Biomass-based diesel government incentives    
REVENUES:    
Revenues 68,159 468
Other    
REVENUES:    
Total revenues 112 72
COSTS OF GOODS SOLD: $ 70 $ 3

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