|
The following
tables compute basic and diluted earnings per share (in thousands, except per share data):
| |
|
Three Months Ended
June 30, 2013 |
|
| |
|
Income Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net income attributed to Pacific Ethanol |
|
$ |
1,051 |
|
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(315 |
) |
|
|
|
|
|
|
|
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
736 |
|
|
|
10,853 |
|
|
$ |
0.07 |
|
| Add: Convertible debt |
|
|
61 |
|
|
|
1,282 |
|
|
|
|
|
| Diluted income per
share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
797 |
|
|
|
12,135 |
|
|
$ |
0.07 |
|
| |
|
Three Months Ended
June 30, 2012 |
|
| |
|
Loss
Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net
loss attributed to Pacific Ethanol |
|
$ |
(2,629 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(315 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(2,944 |
) |
|
|
5,759 |
|
|
$ |
(0.51 |
) |
| |
|
Six Months Ended
June 30, 2013 |
|
| |
|
Loss
Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net loss
attributed to Pacific Ethanol |
|
$ |
(4,403 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(627 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(5,030 |
) |
|
|
10,462 |
|
|
$ |
(0.48 |
) |
| |
|
Six Months Ended
June 30, 2012 |
|
| |
|
Loss
Numerator |
|
|
Shares Denominator |
|
|
Per-Share Amount |
|
| Net income
attributed to Pacific Ethanol |
|
$ |
(7,582 |
) |
|
|
|
|
|
|
|
|
| Less:
Preferred stock dividends |
|
|
(630 |
) |
|
|
|
|
|
|
|
|
| Basic
and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(8,212 |
) |
|
|
5,754 |
|
|
$ |
(1.43 |
) |
There were
an aggregate of 475,000 and 442,000 potentially dilutive weighted-average shares from convertible securities outstanding for the
three and six months ended June 30, 2013, respectively. These convertible securities were not considered in calculating diluted
net income (loss) per share for the three and six months ended June 30, 2013, as their effect would have been anti-dilutive.
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