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19. QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL DATA (UNAUDITED) | The Company’s quarterly results of operations for the years ended December 31, 2015 and 2014 are as follows (in thousands). Certain of these calculations has been revised from the calculations previously reported to reflect the participating securities.
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 206,176 |  |  | $ | 227,621 |  |  | $ | 380,622 |  |  | $ | 376,757 |
Gross profit (loss) |  | $ | (987 | ) |  | $ | 6,254 |  |  | $ | (7,380 | ) |  | $ | 9,523 |
Income (loss) from operations |  | $ | (5,892 | ) |  | $ | 2,261 |  |  | $ | (14,826 | ) |  | $ | 485 |
Net income (loss) attributed to Pacific Ethanol, Inc. |  | $ | (4,380 | ) |  | $ | 1,010 |  |  | $ | (14,663 | ) |  | $ | (753 | )
Preferred stock dividends |  | $ | (312 | ) |  | $ | (315 | ) |  | $ | (319 | ) |  | $ | (319 | )
Income allocated to participating securities |  | $ | – |  |  | $ | (18 | ) |  | $ | – |  |  | $ | – |
Net income (loss) available to common stockholders |  | $ | (4,692 | ) |  | $ | 677 |  |  | $ | (14,982 | ) |  | $ | (1,072 | )
Income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.19 | ) |  | $ | 0.03 |  |  | $ | (0.36 | ) |  | $ | (0.03 | )
Diluted |  | $ | (0.19 | ) |  | $ | 0.03 |  |  | $ | (0.36 | ) |  | $ | (0.03 | )
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 254,543 |  |  | $ | 321,144 |  |  | $ | 275,573 |  |  | $ | 256,152 |
Gross profit |  | $ | 38,545 |  |  | $ | 33,576 |  |  | $ | 17,986 |  |  | $ | 18,378 |
Income from operations |  | $ | 34,875 |  |  | $ | 29,261 |  |  | $ | 13,594 |  |  | $ | 13,647 |
Net income (loss) attributed to Pacific Ethanol, Inc. |  | $ | (10,826 | ) |  | $ | 15,572 |  |  | $ | 4,025 |  |  | $ | 12,518 |
Preferred stock dividends |  | $ | (312 | ) |  | $ | (315 | ) |  | $ | (319 | ) |  | $ | (319 | )
Income allocated to participating securities |  | $ | – |  |  | $ | (462 | ) |  | $ | (100 | ) |  | $ | (314 | )
Net income (loss) available to common stockholders |  | $ | (11,138 | ) |  | $ | 14,795 |  |  | $ | 3,606 |  |  | $ | 11,885 |
Income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.69 | ) |  | $ | 0.74 |  |  | $ | 0.16 |  |  | $ | 0.49 |
Diluted |  | $ | (0.69 | ) |  | $ | 0.65 |  |  | $ | 0.15 |  |  | $ | 0.48 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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