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PACIFIC ETHANOL PLANTS. (Tables) | 12 Months Ended
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Dec. 31, 2017
Pacific Aurora [Member] |
Schedule of purchase price allocation | The carrying values and classification of assets and liabilities of Pacific Aurora as of December 31, 2016 were as follows (in thousands):
Cash and equivalents |  | $ | 1,453 |
Accounts receivable |  |  | 16,804 |
Inventories |  |  | 3,837 |
Other current assets |  |  | 77 |
Total current assets |  |  | 22,171 |
Property and equipment |  |  | 115,759 |
Other assets |  |  | 1,387 |
Total assets |  | $ | 139,317 |
Accounts payable and accrued liabilities |  | $ | 20,152 |
Other current liabilities |  |  | 2,045 |
Long-term debt outstanding, net |  |  | 621 |
Total liabilities |  | $ | 22,818
PE Central [Member] |
Schedule of purchase price allocation | The purchase price consideration allocation is as follows (in thousands):
Cash and equivalents |  | $ | 18,756 |
Accounts receivable |  |  | 10,430 |
Inventories |  |  | 29,483 |
Other current assets |  |  | 8,304 |
Total current assets |  |  | 66,973 |
Property and equipment |  |  | 312,781 |
Net deferred tax assets |  |  | 12,159 |
Other assets |  |  | 750 |
Total assets acquired |  | $ | 392,663 |
Accounts payable and accrued liabilities |  | $ | 27,780 |
Long-term debt - revolvers |  |  | 13,721 |
Long-term debt - term debt |  |  | 142,744 |
Pension plan liabilities |  |  | 8,518 |
Other non-current liabilities |  |  | 25,327 |
Total liabilities assumed |  | $ | 218,090 |
Net assets acquired |  | $ | 174,573 |
Schedule of pro forma allocation | The following table presents unaudited pro forma financial information for the year ended December 31, 2015, assuming the acquisition occurred on January 1, 2014 (in thousands except per share data).
Net sales – pro forma |  | $ | 1,484,676 |
Cost of goods sold – pro forma |  | $ | 1,469,512 |
Selling, general and administrative expenses – pro forma |  | $ | 34,735 |
Net loss – pro forma |  | $ | (34,136 | )
Diluted net loss per share – pro forma |  | $ | (0.81 | )
Diluted weighted-average shares – pro forma |  |  | 42,053
ICP [Member] |
Schedule of purchase price allocation | The Company has recognized the following allocation of the purchase price at fair values. No intangible assets or liabilities have been recognized due to ICP’s contracts being materially close to market prices. The Company’s purchase price consideration allocation is as follows (in thousands):
Cash and equivalents |  | $ | 426 |
Accounts receivable |  |  | 11,636 |
Inventories |  |  | 9,227 |
Other current assets |  |  | 1,560 |
Total current assets |  |  | 22,849 |
Property and equipment |  |  | 61,128 |
Other assets |  |  | 328 |
Total assets acquired |  | $ | 84,305 |
Accounts payable, trade |  | $ | 5,683 |
Other current liabilities |  |  | 1,486 |
Total current liabilities |  |  | 7,169 |
Other non-current liabilities |  |  | 209 |
Total liabilities assumed |  | $ | 7,378 |
Net assets acquired |  | $ | 76,927 |
Estimated goodwill |  | $ | — |
Total purchase price |  | $ | 76,927 |
Schedule of pro forma allocation | The following table presents unaudited pro forma combined financial information assuming the acquisition of ICP occurred on January 1, 2016.
|  | Years Ended December 31, |
|  | 2017 |  |  | 2016 |
Revenues – pro forma |  | $ | 1,710,317 |  |  | $ | 1,802,159 |
Consolidated net income (loss) – pro forma |  | $ | (42,589 | ) |  | $ | 8,329 |
Diluted net income (loss) per share – pro forma |  | $ | (0.95 | ) |  | $ | 0.16 |
Diluted weighted-average shares – pro forma |  |  | 42,745 |  |  |  | 42,251 |

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