| Stockholders Equity |
11. STOCKHOLDERS’ EQUITY
Components of stockholders’ equity are as follows (in thousands):
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Accum.
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Additional
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Other
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Total
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Common Stock
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Paid-in
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Retained
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Comp.
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Treasury Stock
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Stockholders'
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Shares
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Amount
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Capital
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Earnings
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Loss
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Shares
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Amount
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Equity
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Balance, December 31, 2013
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37,704
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$
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38
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$
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468,962
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$
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148,505
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$
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(6,339)
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7,200
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$
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(65,808)
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$
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545,358
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Net income
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-
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-
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-
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43,203
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-
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-
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-
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43,203
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Cash dividends declared
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-
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-
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-
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(1,396)
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-
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-
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-
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(1,396)
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Other comprehensive loss
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before reclassification
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-
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-
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-
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-
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(137,287)
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-
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-
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(137,287)
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Amounts reclassified from accum.
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other comprehensive loss
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-
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-
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-
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-
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51,996
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-
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-
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51,996
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Other comprehensive loss,
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net of tax
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-
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-
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-
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-
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(85,291)
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-
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-
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(85,291)
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Stock-based compensation
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220
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-
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2,139
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-
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-
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-
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-
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2,139
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Stock options exercised
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151
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-
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1,396
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-
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-
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-
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-
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1,396
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Conversion of 5.75 % Notes
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6,533
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7
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90,336
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-
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-
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-
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-
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90,343
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Balance, March 31, 2014
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44,608
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$
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45
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$
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562,833
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$
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190,312
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$
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(91,630)
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7,200
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$
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(65,808)
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$
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595,752
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Amounts reclassified from accumulated other comprehensive income for the periods indicated are as follows (in thousands):
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Three Months Ended
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March 31
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Statements of Operations
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2014
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2013
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Classification
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Gains (losses) on cash flow hedges:
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Ethanol commodity derivatives
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$
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(88,146)
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$
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(10,379)
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Revenues
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Corn commodity derivatives
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3,573
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(833)
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Cost of goods sold
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Total
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(84,573)
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(11,212)
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Loss before income taxes
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Income tax benefit
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(32,577)
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(4,509)
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Income tax benefit
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Amounts reclassified from accumulated
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other comprehensive loss
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$
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(51,996)
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$
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(6,703)
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