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10. EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
10. EARNINGS PER SHARE

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

 

   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)          
Basic income per share:               
Income available to common stockholders  $695    24,268   $0.03 
Add: Warrants   –    569      
Diluted income per share:               
Income available to common stockholders  $695    24,837   $0.03 

 

   Three Months Ended June 30, 2014 
   Income Numerator   Shares Denominator   Per-Share Amount 
Net income attributed to Pacific Ethanol  $15,572           
Less: Preferred stock dividends   (315)          
Basic income per share:               
Income available to common stockholders  $15,257    19,903   $0.77 
Add: Warrants   –    2,373      
Diluted income per share:               
Income available to common stockholders  $15,257    22,276   $0.68 

 

   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)

  

   Six Months Ended June 30, 2014 
   Income Numerator   Shares Denominator   Per-Share Amount 
Net income attributed to Pacific Ethanol  $4,746           
Less: Preferred stock dividends   (627)          
Basic income per share:               
Income available to common stockholders  $4,119    18,053   $0.23 
Add: Warrants   –    2,461      
Diluted income per share:               
Income available to common stockholders  $4,119    20,514   $0.20 

 

There were an aggregate of 669,000 and 1,180,000 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, 2015, respectively. These convertible securities were not considered in calculating diluted net income (loss) per share for the six months ended June 30, 2015, as their effect would have been anti-dilutive.