EARNINGS PER SHARE.

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE.

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, 2020
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol, Inc.	$	(25,100	)
Less: Preferred stock dividends		(315	)
Basic and diluted loss per share:
Net loss available to common stockholders	$	(25,415	)		53,828	$	(0.47	)

	Three Months Ended March 31, 2019
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol, Inc.	$	(12,890	)
Less: Preferred stock dividends		(312	)
Basic and diluted loss per share:
Net loss available to common stockholders	$	(13,202	)		45,517	$	(0.29	)

There were an aggregate of 635,000 potentially dilutive weighted-average shares from convertible securities outstanding for the three months ended March 31, 2020 and 2019. These convertible securities were not considered in calculating diluted net loss per share for the three months ended March 31, 2020 and 2019, as their effect would have been anti-dilutive.