9. EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

9 .EARNINGS PER SHARE

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.