General form of registration statement for all companies including face-amount certificate companies

EARNINGS PER SHARE

v2.4.0.6
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2011
Earnings Per Share [Text Block]
9.
EARNINGS PER SHARE.

The following tables compute basic and diluted earnings per share (in thousands, except per share data):

   
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  

   
Nine Months Ended September 30, 2010
 
   
Income
Numerator
   
Shares
Denominator
   
Per Share
Amount
 
Net income attributed to Pacific Ethanol
  $ 85,539              
Less:  Preferred stock dividends
    (2,346 )            
Basic income per share:
                   
Income available to common stockholders
  $ 83,193       9,947     $ 8.36  
Add:  Preferred stock dividends
    2,346       1,152          
Diluted income per share:
                       
Income available to common stockholders
  $ 85,539       11,099     $ 7.71  

There were an aggregate of 6,859,000 and 671,000 potentially dilutive weighted-average shares from convertible securities outstanding for the three and nine months ended September 30, 2011, respectively. These convertible securities were not considered in calculating diluted net income per share for the three and nine months ended September 30, 2011, as their effect would have been anti-dilutive.