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QUARTERLY FINANCIAL DATA (UNAUDITED). | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL DATA (UNAUDITED). |
17. | QUARTERLY FINANCIAL DATA (UNAUDITED).
The Company’s quarterly results of operations for the years ended December 31, 2017 and 2016 are as follows (in thousands). Certain of these calculations have been revised from the calculations previously reported to reflect the participating securities.
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
December 31, 2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 386,340 |  |  | $ | 405,202 |  |  | $ | 445,442 |  |  | $ | 395,271 |
Gross profit (loss) |  | $ | (5,773 | ) |  | $ | 1,653 |  |  | $ | 12,065 |  |  | $ | (2,014 | )
Income (loss) from operations |  | $ | (11,223 | ) |  | $ | (7,109 | ) |  | $ | 3,345 |  |  | $ | (10,598 | )
Net loss attributed to Pacific Ethanol, Inc. |  | $ | (12,636 | ) |  | $ | (8,841 | ) |  | $ | (202 | ) |  | $ | (13,285 | )
Preferred stock dividends |  | $ | (312 | ) |  | $ | (315 | ) |  | $ | (319 | ) |  | $ | (319 | )
Net loss available to common stockholders |  | $ | (12,948 | ) |  | $ | (9,156 | ) |  | $ | (521 | ) |  | $ | (13,604 | )
Basic and diluted loss per common share |  | $ | (0.31 | ) |  | $ | (0.22 | ) |  | $ | (0.01 | ) |  | $ | (0.32 | )
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
December 31, 2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 342,373 |  |  | $ | 422,860 |  |  | $ | 417,806 |  |  | $ | 441,719 |
Gross profit |  | $ | 1,668 |  |  | $ | 18,355 |  |  | $ | 7,021 |  |  | $ | 27,314 |
Income (loss) from operations |  | $ | (7,248 | ) |  | $ | 11,556 |  |  | $ | 393 |  |  | $ | 18,808 |
Net income (loss) attributed to Pacific Ethanol, Inc. |  | $ | (13,226 | ) |  | $ | 5,086 |  |  | $ | (3,518 | ) |  | $ | 13,077 |
Preferred stock dividends |  | $ | (315 | ) |  | $ | (315 | ) |  | $ | (319 | ) |  | $ | (320 | )
Income allocated to participating securities |  | $ | — |  |  | $ | (71 | ) |  | $ | — |  |  | $ | (189 | )
Net income (loss) available to common stockholders |  | $ | (13,541 | ) |  | $ | 4,700 |  |  | $ | (3,837 | ) |  | $ | 12,569 |
Basic and diluted income (loss) per common share |  | $ | (0.32 | ) |  | $ | 0.11 |  |  | $ | (0.09 | ) |  | $ | 0.30 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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