XML 39 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

14. Quarterly Financial Data (unaudited)

 

The following table sets forth certain unaudited financial data for each of the quarters within fiscal 2011 and 2010. This information has been derived from our consolidated financial statements and in management’s opinion, reflects all adjustments necessary for a fair presentation of the information for the quarters presented. The operating results of any quarter are not necessarily indicative of results for any future period.

 

Year Ended December 31, 2011  

1 st

Quarter

   

2 nd

Quarter

   

3 rd

Quarter

   

4 th

Quarter

 
    (in thousands, except per share data)  
Net sales   $ 158,005     $ 168,531     $ 162,547     $ 163,990  
Cost of goods sold     160,159       172,294       155,498       154,553  
Gross profit (loss)     (2,154 )     (3,763 )     7,049       9,437  
General and administrative expenses:                                
Compensation expense     1,770       1,616       1,676       2,175  
Other     897       950       846       874  
Operating income (loss)     (4,821 )     (6,329 )     4,527       6,388  
Other income (expense):                                
Interest expense     (4,228 )     (1,988 )     (1,978 )     (1,932 )
Income (loss) before income taxes     (9,049 )     (8,317 )     2,549       4,456  
Income tax provision (benefit)     —       —       —       —  
Net income (loss)     (9,049 )     (8,317 )     2,549       4,456  
Less: Net (income) loss attributable to the noncontrolling interest     1,387       1,275       (355 )     (663 )
Net income (loss) attributable to BioFuel Energy Corp. common stockholders   $ (7,662 )   $ (7,042 )   $ 2,194     $ 3,793  
Income (loss) per share – basic attributable to BioFuel Energy Corp. common stockholders   $ (0.11 )   $ (0.07 )   $ 0.02     $ 0.04  
Income (loss) per share – diluted attributable to BioFuel Energy Corp. common stockholders   $ (0.11 )   $ (0.07 )   $ 0.02     $ 0.03  

 

 

Year Ended December 31, 2010  

1 st

Quarter

2 nd

Quarter

 

3 rd

Quarter

 

4 th

Quarter

 
    (in thousands, except per share data)  
Net sales   $ 100,887     $ 96,398     $ 114,747     $ 141,383  
Cost of goods sold     105,584       102,613       110,140       136,301  
Gross profit (loss)     (4,697 )     (6,215 )     4,607       5,082  
General and administrative expenses:                                
Compensation expense     1,879       1,667       1,606       1,678  
Other     1,152       1,514       1,976       923  
Operating income (loss)     (7,728 )     (9,396 )     1,025       2,481  
Other income (expense):                                
Interest expense     (2,698 )     (2,580 )     (2,783 )     (3,544 )
Income (loss) before income taxes     (10,426 )     (11,976 )     (1,758 )     (1,063 )
Income tax provision (benefit)     —       —       —       —  
Net income (loss)     (10,426 )     (11,976 )     (1,758 )     (1,063 )
Less: Net (income) loss attributable to the noncontrolling interest     2,272       2,571       381       16  
Net income (loss) attributable to BioFuel Energy Corp. common stockholders   $ (8,154 )   $ (9,405 )   $ (1,377 )   $ (1,047 )
Income (loss) per share – basic attributable to BioFuel Energy Corp. common stockholders   $ (0.32 )   $ (0.37 )   $ (0.05 )   $ (0.04 )
Income (loss) per share – diluted attributable to BioFuel Energy Corp. common stockholders   $ (0.32 )   $ (0.37 )   $ (0.05 )   $ (0.04 )