|
The following
tables compute basic and diluted earnings per share (in thousands, except per share data):
|
|
Three Months Ended
September 30, 2016 |
|
|
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(3,518 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(3,837 |
) |
|
|
42,226 |
|
|
$ |
(0.09 |
) |
|
|
Three Months Ended
September 30, 2015 |
|
|
|
Loss
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 |
) |
|
|
Nine Months Ended
September 30, 2016 |
|
|
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(11,658 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(949 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(12,607 |
) |
|
|
42,156 |
|
|
$ |
(0.30 |
) |
|
|
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 |
) |
There were
an aggregate of 731,000 and 679,000 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, 2016, respectively.
These convertible securities were not considered in calculating net loss per share for the three and nine months ended September
30, 2016, as their effect would have been anti-dilutive.
|