|
The following
tables compute basic and diluted earnings per share (in thousands, except per share data):
| |
|
Three Months Ended
September 30, 2015 |
|
| |
|
Income Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net loss
attributed to Pacific Ethanol |
|
$ |
(14,663 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(14,982 |
) |
|
|
41,861 |
|
|
$ |
(0.36 |
) |
| |
|
Three Months Ended
September 30, 2014 |
|
| |
|
Income Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net income
attributed to Pacific Ethanol |
|
$ |
4,025 |
|
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
3,706 |
|
|
|
22,986 |
|
|
$ |
0.16 |
|
| Add:
Warrants |
|
|
– |
|
|
|
1,321 |
|
|
|
|
|
| Diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
3,706 |
|
|
|
24,307 |
|
|
$ |
0.15 |
|
| |
|
Nine Months Ended
September 30, 2015 |
|
| |
|
Loss Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net loss
attributed to Pacific Ethanol |
|
$ |
(18,033 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(946 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(18,979 |
) |
|
|
30,170 |
|
|
$ |
(0.63 |
) |
| |
|
Nine Months Ended
September 30, 2014 |
|
| |
|
Income Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net income
attributed to Pacific Ethanol |
|
$ |
8,771 |
|
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(946 |
) |
|
|
|
|
|
|
|
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
7,825 |
|
|
|
19,713 |
|
|
$ |
0.40 |
|
| Add:
Warrants |
|
|
– |
|
|
|
2,360 |
|
|
|
|
|
| Diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
7,825 |
|
|
|
22,073 |
|
|
$ |
0.35 |
|
There were
an aggregate of 897,000 and 786,000 potentially dilutive weighted-average shares from the Company’s warrants and shares
of Series B Cumulative Convertible Preferred Stock outstanding for the three and nine months ended September 30, 2015, respectively.
These convertible securities were not considered in calculating diluted net income (loss) per share for the three and nine months
ended September 30, 2015, as their effect would have been anti-dilutive.
|