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Organization and Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Organization and Significant Accounting Policies [Abstract] |
Schedule of Sold to Customers Representing Company’s Total Net Sales | The Company sells specialty alcohols to consumer product companies and fuel-grade ethanol to gasoline refining and distribution companies. The Company sold to customers representing 10% or more of the Company’s total net sales, as follows.
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Customer A |  |  | 9 | % |  |  | 10 | % |  |  | 13 | %
Customer B |  |  | 7 | % |  |  | 10 | % |  |  | 9 | %
Schedule of Suppliers Representing Company’s Total Corn Purchases | The Company purchases corn, its largest cost component in producing alcohols, from its suppliers. The Company purchased corn from suppliers representing 10% or more of the Company’s total corn purchases, as follows:
|  | Years Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Supplier A |  |  | 14 | % |  |  | 11 | % |  |  | 12 | %
Supplier B |  |  | 12 | % |  |  | 12 | % |  |  | 14 | %
Supplier C |  |  | — | % |  |  | 15 | % |  |  | 2 | %
Schedule of Inventory | Inventory balances consisted of the following (in thousands):
|  | December 31, |
|  | 2023 |  |  | 2022 |
Finished goods |  | $ | 35,765 |  |  | $ | 47,736 |
Work in progress |  |  | 5,063 |  |  |  | 6,396 |
Raw materials |  |  | 10,313 |  |  |  | 11,197 |
Other |  |  | 1,470 |  |  |  | 1,299 |
Total |  | $ | 52,611 |  |  | $ | 66,628 |
Schedule of Depreciation Is Computed Using the Straight-Line Method | Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives:
Buildings |  | 40 years
Facilities and plant equipment |  | 10 – 25 years
Other equipment, vehicles and furniture |  | 5 – 10 years
Schedule of Basic and Diluted Earnings Per Share | The following tables compute basic and diluted income (loss) per share (in thousands, except per share data):
|  | Year Ended December 31, 2023 |
|  | Loss Numerator |  |  | Shares Denominator |  |  | Per-Share Amount |
Consolidated net loss |  | $ | (28,005 | ) |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (1,265 | ) |  |  |  |  |  |  |  |
Basic and diluted loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss available to common stockholders |  | $ | (29,270 | ) |  |  | 73,339 |  |  | $ | (0.40 | )
|  | Year Ended December 31, 2022 |
|  | Loss Numerator |  |  | Shares Denominator |  |  | Per-Share Amount |
Consolidated net loss |  | $ | (41,597 | ) |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (1,265 | ) |  |  |  |  |  |  |  |
Basic and diluted loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss available to common stockholders |  | $ | (42,862 | ) |  |  | 71,944 |  |  | $ | (0.60 | )
|  | Year Ended December 31, 2021 |
|  | Income Numerator |  |  | Shares Denominator |  |  | Per-Share Amount |
Consolidated net income |  | $ | 46,082 |  |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (1,265 | ) |  |  |  |  |  |  |  |
Less: Income allocated to participating securities |  |  | (600 | ) |  |  |  |  |  |  |  |
Basic income per share: |  |  |  |  |  |  |  |  |  |  |  |
Income available to common stockholders |  | $ | 44,217 |  |  |  | 71,098 |  |  | $ | 0.62 |
Add: Dilutive securities |  |  | — |  |  |  | 1,121 |  |  |  |  |
Diluted income per share: |  |  |  |  |  |  |  |  |  |  |  |
Income available to common stockholders |  | $ | 44,217 |  |  |  | 72,219 |  |  | $ | 0.61 |

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