|
The following tables compute basic and diluted
earnings per share (in thousands, except per share data):
| |
|
Three Months Ended
September 30, 2019 |
|
| |
|
Loss
Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net loss attributed to Pacific Ethanol, Inc. |
|
$ |
(27,326 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(27,645 |
) |
|
|
47,777 |
|
|
$ |
(0.58 |
) |
| |
|
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 |
) |
| |
|
Nine Months Ended
September 30, 2019 |
|
| |
|
Loss
Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net loss attributed to Pacific Ethanol, Inc. |
|
$ |
(47,862 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(946 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(48,808 |
) |
|
|
47,030 |
|
|
$ |
(1.04 |
) |
| |
|
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 |
) |
There were an aggregate of 635,000 potentially
dilutive weighted-average shares from convertible securities outstanding for the three and nine months ended September 30, 2019.
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, as their effect would have been anti-dilutive.
|