|
The
following tables compute basic and diluted earnings per share (in thousands, except per share data):
| |
|
Three
Months Ended September 30, 2018 |
|
| |
|
|
|
|
|
|
|
|
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net
loss attributed to Pacific Ethanol, Inc. |
|
$ |
(7,514 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(7,833 |
) |
|
|
43,299 |
|
|
$ |
(0.18 |
) |
| |
|
Three
Months Ended September 30, 2017 |
|
| |
|
|
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net
loss attributed to Pacific Ethanol, Inc. |
|
$ |
(202 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(521 |
) |
|
|
42,475 |
|
|
$ |
(0.01 |
) |
| |
|
Nine
Months Ended September 30, 2018 |
|
| |
|
|
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net
loss attributed to Pacific Ethanol, Inc. |
|
$ |
(28,263 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(946 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(29,209 |
) |
|
|
43,171 |
|
|
$ |
(0.68 |
) |
| |
|
Nine
Months Ended September 30, 2017 |
|
| |
|
|
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net
loss attributed to Pacific Ethanol, Inc. |
|
$ |
(21,679 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(946 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(22,625 |
) |
|
|
42,358 |
|
|
$ |
(0.53 |
) |
There
were an aggregate of 425,000 and 635,000 potentially dilutive weighted-average shares from convertible securities outstanding
for the three and nine months ended September 30, 2018, respectively. These convertible securities were not considered in calculating
diluted net loss per share for the three and nine months ended September 30, 2018, as their effect would have been anti-dilutive.
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