9. EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2012

Earnings Per Share Tables

Earning Per Share

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

	Three Months Ended September 30, 2012
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol	$	(5,971	)
Less: Preferred stock dividends		(319	)
Basic and diluted loss per share:
Loss available to common stockholders	$	(6,290	)		115,677	$	(0.05	)

	Three Months Ended September 30, 2011
	Income Numerator			Shares Denominator		Per-Share Amount
Net income attributed to Pacific Ethanol	$	4,352
Less: Preferred stock dividends		(319	)
Basic and diluted income per share:
Income available to common stockholders	$	4,033			33,201	$	0.12

	Nine Months Ended September 30, 2012
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol	$	(13,553	)
Less: Preferred stock dividends		(949	)
Basic and diluted loss per share:
Loss available to common stockholders	$	(14,502	)		96,203	$	(0.15	)

	Nine Months Ended September 30, 2011
	Income Numerator			Shares Denominator		Per-Share Amount
Net income attributed to Pacific Ethanol	$	5,120
Less: Preferred stock dividends		(946	)
Basic income per share:
Income available to common stockholders	$	4,174			21,230	$	0.20
Add: Stock options		–			98
Diluted income per share:
Income available to common stockholders	$	4,174			21,328	$	0.20