9. EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Computation of basic and diluted 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	)