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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Biomass-based diesel sales $ 460,115 $ 366,455 $ 707,279 $ 587,481
Biomass-based diesel government incentives 97,153 7,278 155,554 17,066
Total biomass-based diesel revenue 557,268 373,733 862,833 604,547
Other revenue 1,033 29 1,062 133
Total revenues 558,301 373,762 863,895 604,680
COSTS OF GOODS SOLD:        
Biomass-based diesel 533,439 357,832 813,925 600,342
Biomass-based diesel—related parties 0 0 0 4,542
Other costs of goods sold 0 23 2 84
Total cost of goods sold 533,439 357,855 813,927 604,968
GROSS PROFIT (LOSS) 24,862 15,907 49,968 (288)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 20,850 15,359 40,626 32,034
RESEARCH AND DEVELOPMENT EXPENSE 4,427 4,390 8,353 8,250
GAIN ON INVOLUNTARY CONVERSION (997) 0 (4,540) 0
INCOME (LOSS) FROM OPERATIONS 582 (3,842) 5,529 (40,572)
OTHER INCOME (EXPENSE), NET:        
Change in fair value of contingent consideration (3,571) 2,121 (3,556) 1,828
Change in fair value of convertible debt conversion liability 13,432 0 13,432 0
Gain on debt extinguishment 2,152 0 2,152 0
Other income (loss), net 154 1,779 67 2,344
Interest expense (3,738) (2,928) (7,049) (5,671)
Total other income (expense), net 8,429 972 5,046 (1,499)
INCOME (LOSS) BEFORE INCOME TAXES 9,011 (2,870) 10,575 (42,071)
INCOME TAX (EXPENSE) BENEFIT (1,887) 707 (1,765) 1,604
NET INCOME (LOSS) 7,124 (2,163) 8,810 (40,467)
LESS—NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST 108 (162) 138 (359)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 7,016 (2,001) 8,672 (40,108)
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS (149) 0 (155) 0
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY’S COMMON STOCKHOLDERS $ 6,867 $ (2,001) $ 8,517 $ (40,108)
NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS:        
BASIC (in dollars per share) $ 0.16 $ (0.05) $ 0.20 $ (0.91)
DILUTED (in dollars per share) $ 0.16 $ (0.05) $ 0.20 $ (0.91)
WEIGHTED AVERAGE SHARES USED TO COMPUTE NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS:        
BASIC (in shares) 42,407,888 43,736,366 43,153,486 44,048,017
DILUTED (in shares) 42,418,841 43,736,366 43,158,601 44,048,017