9. EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2014

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 March 31, 2014
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol, Inc.	$	(10,826	)
Less: Preferred stock dividends		(312	)
Basic and diluted loss per share:
Loss attributed to common stockholders	$	(11,138	)		16,181	$	(0.69	)

	Three Months Ended March 31, 2013
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol, Inc.	$	(5,454	)
Less: Preferred stock dividends		(312	)
Basic and diluted loss per share:
Loss attributed to common stockholders	$	(5,766	)		10,060	$	(0.57	)

There were an aggregate of 2,301,000 and 427,000 potentially dilutive weighted-average shares from convertible securities outstanding as of March 31, 2014 and 2013, respectively. These convertible securities were not considered in calculating diluted net loss per share for the three months ended March 31, 2014 and 2013, as their effect would have been anti-dilutive. In April 2014, the Company issued 1,750,000 shares of its common stock in a public offering.