Annual report pursuant to Section 13 and 15(d)

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

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1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2016
Organization And Significant Accounting Policies Tables  
Concentrations of Credit Risk Major Customers
  Years Ended December 31,  
    2016     2015     2014  
Customer A     17%       12%       20%  
Customer B     12%       15%       20%  
Customer C     6%       12%       11%  
Purchases from external customers
  Years Ended December 31,  
    2016     2015     2014  
Supplier A     13%       19%       26%  
Supplier B     13%       13%       11%  
Supplier C     8%       9%       15%  
Schedule of inventory
  December 31,  
    2016     2015  
Finished goods   $ 33,773     $ 31,153  
LCFS credits     10,926       6,957  
Raw materials     6,571       9,891  
Work in progress     7,092       11,121  
Other     1,708       1,698  
Total   $ 60,070     $ 60,820  
Property and equipment useful lives
Buildings 40 years
Facilities and plant equipment 10 – 25 years
Other equipment, vehicles and furniture 5 – 10 years
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method

The following tables compute basic and diluted earnings per share (in thousands, except per share data):

 

    Year Ended December 31, 2016  
    Income
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net income attributed to Pacific Ethanol   $ 1,419                  
Less: Preferred stock dividends     (1,269 )                
Less: Allocated to participating securities     (2 )                
Basic income per share:                        
Income available to common stockholders   $ 148       42,182     $ 0.00  
Add: Options           69          
Diluted income per share:                        
Income available to common stockholders   $ 148       42,251     $ 0.00  

 

 

    Year Ended December 31, 2015  
    Loss
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net loss attributed to Pacific Ethanol   $ (18,786 )                
Less: Preferred stock dividends     (1,265 )                
Basic and Diluted loss per share:                        
Loss available to common stockholders   $ (20,051 )     33,173     $ (0.60 )

 

    Year Ended December 31, 2014  
    Income
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net income attributed to Pacific Ethanol   $ 21,289                  
Less: Preferred stock dividends     (1,265 )                
Less: Allocated to participating securities     (585 )                
Basic income per share:                        
Income available to common stockholders   $ 19,439       20,810     $ 0.93  
Add: Warrants           1,859          
Diluted income per share:                        
Income available to common stockholders   $ 19,439       22,669     $ 0.86