Annual report pursuant to Section 13 and 15(d)

Quarterly Information (unaudited)

v3.6.0.2
Quarterly Information (unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (unaudited)
Quarterly Information (unaudited)
Selected financial data by quarter is set forth in the table below:
 
Quarters
 
First
 
Second
 
Third
 
Fourth (1)
2016
 
 
 
 
 
 
 
Net sales
$
849,973

 
$
1,008,388

 
$
1,043,717

 
$
1,011,326

Operating loss
(39,439
)
 
(14,811
)
 
(3,414
)
 
(9,746
)
Net loss
(36,060
)
 
(20,630
)
 
(7,338
)
 
(15,805
)
Net loss available to stockholders
(35,537
)
 
(20,370
)
 
(8,800
)
 
(18,098
)
Loss per share:
 
 
 
 
 
 
 
Basic
$
(0.51
)
 
$
(0.29
)
 
$
(0.12
)
 
$
(0.25
)
Diluted
$
(0.51
)
 
$
(0.29
)
 
$
(0.12
)
 
$
(0.25
)
 
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
 
Net sales
$
1,103,240

 
$
1,301,341

 
$
1,151,204

 
$
782,367

Operating income (loss)
67,561

 
88,094

 
86,854

 
(39,100
)
Net income (loss)
34,055

 
47,862

 
52,376

 
(51,906
)
Net income (loss) available to stockholders
26,939

 
36,410

 
41,936

 
(52,534
)
Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.39

 
$
0.52

 
$
0.60

 
$
(0.75
)
Diluted
$
0.38

 
$
0.50

 
$
0.58

 
$
(0.75
)

_______________________
(1)
During the three months ended December 31, 2015, we recognized a goodwill impairment loss of $39,028 related to our California refining reporting unit (Note 12).