| Stockholders Equity |
11. STOCKHOLDERS’ EQUITY
Components of stockholders’ equity are as follows (in thousands):
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Accumulated
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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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Comprehensive
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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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75,517
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-
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-
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-
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75,517
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Cash dividends declared
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-
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-
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-
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(2,893)
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-
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-
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-
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(2,893)
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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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(119,121)
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-
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-
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(119,121)
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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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111,521
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-
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-
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111,521
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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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(7,600)
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-
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-
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(7,600)
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Stock-based compensation
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301
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-
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3,065
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-
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-
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-
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-
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3,065
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Stock options exercised
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226
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-
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3,576
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-
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-
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-
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-
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3,576
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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, June 30, 2014
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44,764
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$
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45
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$
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565,939
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$
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221,129
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$
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(13,939)
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7,200
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$
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(65,808)
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$
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707,366
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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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Six Months Ended
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June 30
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June 30,
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Statements of Operations
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2014
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2013
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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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(125,177)
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$
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(23,841)
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$
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(213,323)
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$
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(34,220)
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Revenues
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Corn commodity derivatives
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30,686
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(6,034)
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34,259
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(6,867)
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Cost of goods sold
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Total
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(94,491)
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(29,875)
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(179,064)
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(41,087)
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Loss before income taxes
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Income tax benefit
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(36,471)
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(12,470)
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(67,543)
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(16,108)
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Income tax benefit
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Amounts reclassified from
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accumulated other
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comprehensive loss
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$
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(58,020)
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$
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(17,405)
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$
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(111,521)
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$
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(24,979)
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