|
The
following tables compute basic and diluted earnings per share (in thousands, except per share data):
| |
|
Three
Months Ended June 30, 2019 |
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net loss
attributed to Pacific Ethanol, Inc. |
|
$ |
(7,646 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(315 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(7,961 |
) |
|
|
47,771 |
|
|
$ |
(0.17 |
) |
| |
|
Three
Months Ended June 30, 2018 |
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net
loss attributed to Pacific Ethanol, Inc. |
|
$ |
(12,908 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(315 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(13,223 |
) |
|
|
43,285 |
|
|
$ |
(0.31 |
) |
| |
|
Six
Months Ended June 30, 2019 |
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net
loss attributed to Pacific Ethanol, Inc. |
|
$ |
(20,536 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(627 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(21,163 |
) |
|
|
46,651 |
|
|
$ |
(0.45 |
) |
| |
|
Six
Months Ended June 30, 2018 |
|
| |
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net
loss attributed to Pacific Ethanol, Inc. |
|
$ |
(20,749 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(627 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(21,376 |
) |
|
|
43,098 |
|
|
$ |
(0.50 |
) |
There
were an aggregate of 635,000 potentially dilutive weighted-average shares from convertible securities outstanding for the three
and six months ended June 30, 2019. There were an aggregate of 1,606,000 and 721,000 potentially dilutive weighted-average shares
from convertible securities outstanding for the three and six months ended June 30, 2018, respectively. These convertible securities
were not considered in calculating diluted net loss per share for the three and six months ended June 30, 2019, as their effect
would have been anti-dilutive.
|