ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES. (Tables)

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of concentrations of credit risk major customers

	Years Ended December 31,
	2019			2018
Customer A		12	%		14	%
Customer B		10	%		11	%

Schedule of purchases from external customers

The Company purchases corn, its largest cost component in producing ethanol, from its suppliers. The Company purchased corn from suppliers representing 10% or more of the Company's total corn purchases, as follows:

	Years Ended December 31,
	2019			2018
Supplier A		18	%		17	%
Supplier B		11	%		11	%
Supplier C		10	%		14	%
Supplier D		10	%		10	%

Schedule of inventory

Inventory balances consisted of the following (in thousands):

	December 31,
	2019		2018
Finished goods	$	38,194	$	35,778
Work in progress		7,426		6,855
Raw materials		7,890		7,233
Low-carbon and RIN credits		5,690		6,130
Other		1,400		1,824
Total	$	60,600	$	57,820

Schedule of property and equipment useful lives

Depreciation is computed using the straight-line method over the following estimated useful lives:

Buildings	40 years
Facilities and plant equipment	10 – 25 years
Other equipment, vehicles and furniture	5 – 10 years

Schedule of earnings per share

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

	Year Ended December 31, 2019
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol	$	(88,949	)
Less: Preferred stock dividends		(1,265	)
Basic and Diluted loss per share:
Loss available to common stockholders	$	(90,214	)		47,384	$	(1.90	)

	Year Ended December 31, 2018
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol	$	(60,273	)
Less: Preferred stock dividends		(1,265	)
Basic and Diluted loss per share:
Loss available to common stockholders	$	(61,538	)		43,376	$	(1.42	)