|
The following
tables compute basic and diluted earnings per share (in thousands, except per share data):
|
|
Three Months Ended
June 30, 2016 |
|
|
|
Income
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net income attributed to Pacific Ethanol |
|
$ |
5,086 |
|
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(315 |
) |
|
|
|
|
|
|
|
|
| Less: Income allocated to participating securities |
|
|
(71 |
) |
|
|
|
|
|
|
|
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
4,700 |
|
|
|
42,191 |
|
|
$ |
0.11 |
|
| Add: Options |
|
|
– |
|
|
|
38 |
|
|
|
|
|
| Diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
4,700 |
|
|
|
42,229 |
|
|
$ |
0.11 |
|
|
|
Three Months Ended
June 30, 2015 |
|
|
|
Income
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net income attributed to Pacific Ethanol |
|
$ |
1,010 |
|
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(315 |
) |
|
|
|
|
|
|
|
|
| Less: Income allocated to participating securities |
|
|
(18 |
) |
|
|
|
|
|
|
|
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
677 |
|
|
|
24,268 |
|
|
$ |
0.03 |
|
| Add: Options |
|
|
– |
|
|
|
569 |
|
|
|
|
|
| Diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
677 |
|
|
|
24,837 |
|
|
$ |
0.03 |
|
|
|
Six Months Ended
June 30, 2016 |
|
|
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(8,140 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(630 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(8,770 |
) |
|
|
42,121 |
|
|
$ |
(0.21 |
) |
|
|
Six Months Ended
June 30, 2015 |
|
|
|
Loss
Numerator |
|
|
Shares
Denominator |
|
|
Per-Share
Amount |
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(3,370 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(627 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(3,997 |
) |
|
|
24,589 |
|
|
$ |
(0.16 |
) |
There were
an aggregate of 1,692,000 and 1,621,000 potentially dilutive weighted-average shares from the Company’s warrants and shares
of Series B Cumulative Convertible Preferred Stock outstanding for the three and six months ended June 30, 2016, respectively.
These convertible securities were not considered in calculating diluted net income (loss) per share for the six months ended June
30, 2016, as their effect would have been anti-dilutive.
|