| EARNINGS PER SHARE. |
10. EARNINGS PER SHARE.
The following tables compute basic and diluted
earnings per share (in thousands, except per share data):
| |
|
Three Months Ended September 30, 2021 |
|
| |
|
Loss Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net loss attributed to Alto Ingredients, Inc. |
|
$ |
(3,132 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic and Diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(3,451 |
) |
|
|
71,383 |
|
|
$ |
(0.05 |
) |
| |
|
Three
Months Ended September 30, 2020 |
|
| |
|
Income
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net
income attributed to Alto Ingredients, Inc. |
|
$ |
15,215 |
|
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(319 |
) |
|
|
|
|
|
|
|
|
| Basic
income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
14,896 |
|
|
|
58,503 |
|
|
$ |
0.25 |
|
| Add:
Dilutive securities |
|
|
— |
|
|
|
3,196 |
|
|
|
|
|
| Diluted
income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
14,896 |
|
|
|
61,699 |
|
|
$ |
0.24 |
|
| |
|
Nine Months Ended September 30, 2021 |
|
| |
|
Income
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net income attributed to Alto Ingredients, Inc. |
|
$ |
9,936 |
|
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(946 |
) |
|
|
|
|
|
|
|
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
8,990 |
|
|
|
71,002 |
|
|
$ |
0.13 |
|
| Add: Dilutive securities |
|
|
— |
|
|
|
1,258 |
|
|
|
|
|
| Diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
8,990 |
|
|
|
72,260 |
|
|
$ |
0.12 |
|
| |
|
Nine
Months Ended September 30, 2020 |
|
| |
|
Income
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net
income attributed to Alto Ingredients, Inc. |
|
$ |
5,079 |
|
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(949 |
) |
|
|
|
|
|
|
|
|
| Basic
income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
4,130 |
|
|
|
55,620 |
|
|
$ |
0.07 |
|
| Add:
Dilutive securities |
|
|
— |
|
|
|
2,338 |
|
|
|
|
|
| Diluted
income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
4,130 |
|
|
|
57,958 |
|
|
$ |
0.07 |
|
There
were an additional aggregate potentially dilutive weighted-average shares of 964,000 from convertible securities outstanding for the
three and nine months ended September 30, 2021 and 2020. These securities were not considered in calculating diluted net income per share
for the three and nine months ended September 30, 2021 and 2020, as their effect would have been anti-dilutive.
|