Quarterly report pursuant to Section 13 or 15(d)

11. Earnings Per Share

v3.8.0.1
11. Earnings Per Share
9 Months Ended
Sep. 30, 2017
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 September 30, 2017  
    Loss
Numerator
    Shares Denominator     Per-Share
Amount
 
Net loss attributed to Pacific Ethanol   $ (202 )                
Less: Preferred stock dividends     (319 )                
Basic and diluted loss per share:                        
Loss available to common stockholders   $ (521 )     42,475     $ (0.01 )

 

    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 )

 

    Nine Months Ended September 30, 2017  
    Loss
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net loss attributed to Pacific Ethanol   $ (21,679 )                
Less: Preferred stock dividends     (946 )                
Basic and diluted loss per share:                        
Loss available to common stockholders   $ (22,625 )     42,358     $ (0.53 )

 

 

    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 )

 

There were an aggregate of 688,000 and 737,000 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, 2017, respectively. These convertible securities were not considered in calculating diluted net loss per share for the three and nine months ended September 30, 2017, as their effect would have been anti-dilutive.