Quarterly report pursuant to Section 13 or 15(d)

10. Earnings Per Share

v3.5.0.2
10. Earnings Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

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

 

  Three Months Ended June 30, 2016  
  Income
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net income attributed to Pacific Ethanol   $ 5,086                  
Less: Preferred stock dividends     (315 )                
Less: Income allocated to participating securities     (71 )                
Basic income per share:                        
Income available to common stockholders   $ 4,700       42,191     $ 0.11  
Add: Options           38          
Diluted income per share:                        
Income available to common stockholders   $ 4,700       42,229     $ 0.11  

 

  Three Months Ended June 30, 2015  
  Income
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net income attributed to Pacific Ethanol   $ 1,010                  
Less: Preferred stock dividends     (315 )                
Less: Income allocated to participating securities     (18 )                
Basic income per share:                        
Income available to common stockholders   $ 677       24,268     $ 0.03  
Add: Options           569          
Diluted income per share:                        
Income available to common stockholders   $ 677       24,837     $ 0.03  

 

  Six Months Ended June 30, 2016  
  Loss
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net loss attributed to Pacific Ethanol   $ (8,140 )                
Less: Preferred stock dividends     (630 )                
Basic and diluted loss per share:                        
Loss available to common stockholders   $ (8,770 )     42,121     $ (0.21 )

 

 

 

  Six Months Ended June 30, 2015  
  Loss
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net loss attributed to Pacific Ethanol   $ (3,370 )                
Less: Preferred stock dividends     (627 )                
Basic and diluted loss per share:                        
Loss available to common stockholders   $ (3,997 )     24,589     $ (0.16 )

 

There were an aggregate of 1,692,000 and 1,621,000 potentially dilutive weighted-average shares from the Company’s warrants and shares of Series B Cumulative Convertible Preferred Stock outstanding for the three and six months ended June 30, 2016, respectively. These convertible securities were not considered in calculating diluted net income (loss) per share for the six months ended June 30, 2016, as their effect would have been anti-dilutive.