|
The following tables compute basic and diluted
earnings per share (in thousands, except per share data):
| |
|
Three Months Ended September 30, 2013 |
|
| |
|
Loss
Numerator
|
|
|
Shares
Denominator
|
|
|
Per-Share
Amount
|
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(4,971 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(5,290 |
) |
|
|
13,177 |
|
|
$ |
(0.40 |
) |
| |
|
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 |
) |
|
|
7,712 |
|
|
$ |
(0.82 |
) |
| |
|
Nine Months Ended September 30, 2013 |
|
| |
|
Loss
Numerator
|
|
|
Shares
Denominator
|
|
|
Per-Share
Amount
|
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(9,374 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(946 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(10,320 |
) |
|
|
11,380 |
|
|
$ |
(0.91 |
) |
| |
|
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 |
) |
|
|
6,414 |
|
|
$ |
(2.26 |
) |
There were an aggregate of 2,094,000 and 1,503,000
potentially dilutive weighted-average shares from convertible securities outstanding for the three and nine months ended September
30, 2013, respectively. These convertible securities were not considered in calculating diluted net loss per share for the three
and nine months ended September 30, 2013, as their effect would have been anti-dilutive.
|