11. EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2015

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 September 30, 2015
	Income Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol	$	(14,663	)
Less: Preferred stock dividends		(319	)
Basic and diluted loss per share:
Loss available to common stockholders	$	(14,982	)		41,861	$	(0.36	)

	Three Months Ended September 30, 2014
	Income Numerator			Shares Denominator		Per-Share Amount
Net income attributed to Pacific Ethanol	$	4,025
Less: Preferred stock dividends		(319	)
Basic income per share:
Income available to common stockholders	$	3,706			22,986	$	0.16
Add: Warrants		–			1,321
Diluted income per share:
Income available to common stockholders	$	3,706			24,307	$	0.15

	Nine Months Ended September 30, 2015
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol	$	(18,033	)
Less: Preferred stock dividends		(946	)
Basic and diluted loss per share:
Loss available to common stockholders	$	(18,979	)		30,170	$	(0.63	)

	Nine Months Ended September 30, 2014
	Income Numerator			Shares Denominator		Per-Share Amount
Net income attributed to Pacific Ethanol	$	8,771
Less: Preferred stock dividends		(946	)
Basic income per share:
Income available to common stockholders	$	7,825			19,713	$	0.40
Add: Warrants		–			2,360
Diluted income per share:
Income available to common stockholders	$	7,825			22,073	$	0.35