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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
Income Statement [Abstract] |  |  |
Net sales | $ 1,632,255 | $ 1,624,758 | $ 1,191,176
Cost of goods sold | 1,626,324 | 1,570,400 | 1,180,810
Gross profit | 5,931 | 54,358 | 10,366
Selling, general and administrative expenses | 31,516 | 30,849 | 26,368
Asset impairment |  |  | 1,970
Income (loss) from operations | (25,585) | 23,509 | (17,972)
Fair value adjustments and warrant inducements | 473 | (557) | 1,641
Interest expense | (12,938) | (22,406) | (12,594)
Other income (expense), net | (345) | (1) | 18
Income (loss) before provision for income taxes | (38,395) | 545 | (28,907)
Provision (benefit) for income taxes | (321) | (981) | (10,034)
Consolidated net income (loss) | (38,074) | 1,526 | (18,873)
Net (income) loss attributed to noncontrolling interests | 3,110 | (107) | 87
Net income (loss) attributed to Pacific Ethanol, Inc. | (34,964) | 1,419 | (18,786)
Preferred stock dividends | (1,265) | (1,269) | (1,265)
Income allocated to participating securities |  | (2) |
Income (loss) available to common stockholders | $ (36,229) | $ 148 | $ (20,051)
Income (loss) per share, basic and diluted | $ (0.85) | $ 0.00 | $ (0.6)
Weighted-average shares outstanding, basic | 42,745 | 42,182 | 33,173
Weighted-average shares outstanding, diluted | 42,745 | 42,251 | 33,173

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