|
The following
tables compute basic and diluted earnings per share (in thousands, except per share data):
| |
|
Three Months Ended
September 30, 2012 |
|
| |
|
Loss
Numerator |
|
|
Shares Denominator |
|
|
Per-Share
Amount |
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(5,971 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(6,290 |
) |
|
|
115,677 |
|
|
$ |
(0.05 |
) |
| |
|
Three Months Ended
September 30, 2011 |
|
| |
|
Income
Numerator |
|
|
Shares Denominator |
|
|
Per-Share
Amount |
|
| Net income attributed to Pacific Ethanol |
|
$ |
4,352 |
|
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
4,033 |
|
|
|
33,201 |
|
|
$ |
0.12 |
|
| |
|
Nine Months Ended
September 30, 2012 |
|
| |
|
Loss
Numerator |
|
|
Shares Denominator |
|
|
Per-Share
Amount |
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(13,553 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(949 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(14,502 |
) |
|
|
96,203 |
|
|
$ |
(0.15 |
) |
| |
|
Nine Months Ended
September 30, 2011 |
|
| |
|
Income
Numerator |
|
|
Shares Denominator |
|
|
Per-Share
Amount |
|
| Net income attributed to Pacific Ethanol |
|
$ |
5,120 |
|
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(946 |
) |
|
|
|
|
|
|
|
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
4,174 |
|
|
|
21,230 |
|
|
$ |
0.20 |
|
| Add: Stock options |
|
|
– |
|
|
|
98 |
|
|
|
|
|
| Diluted income per
share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
4,174 |
|
|
|
21,328 |
|
|
$ |
0.20 |
|
There were an
aggregate of 3,800,000 and 3,300,000 potentially dilutive weighted-average shares from convertible securities outstanding for
the three and nine months ended September 30, 2012, respectively. These convertible securities were not considered in calculating
diluted net loss per share for the three and nine months ended September 30, 2012, as their effect would have been anti-dilutive.
|