ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES. (Tables)

12 Months Ended

Dec. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of concentrations of credit risk major customers

The Company sold ethanol to customers representing 10% or more of the Company’s total net sales, as follows.

	Years Ended December 31,
	2018			2017			2016
Customer A		14	%		16	%		17	%
Customer B		11	%		11	%		12	%

Schedule of purchases from external customers

The Company purchased corn from suppliers representing 10% or more of the Company’s total corn purchases, as follows:

	Years Ended December 31,
	2018			2017			2016
Supplier A		17	%		14	%		13	%
Supplier B		14	%		13	%		4	%
Supplier C		11	%		9	%		13	%
Supplier D		10	%		10	%		8	%

Schedule of inventory

Inventory balances consisted of the following (in thousands):

	December 31,
	2018		2017
Finished goods	$	35,778	$	35,652
Work in progress		6,855		8,807
Raw materials		7,233		7,601
Low-carbon and RIN credits		6,130		7,952
Other		1,824		1,538
Total	$	57,820	$	61,550

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, 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	)
	Year Ended December 31, 2017
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol	$	(34,964	)
Less: Preferred stock dividends		(1,265	)
Basic and diluted loss per share:
Loss available to common stockholders	$	(36,229	)		42,745	$	(0.85	)

	Year Ended December 31, 2016
	Income Numerator			Shares Denominator		Per-Share Amount
Net income attributed to Pacific Ethanol	$	1,419
Less: Preferred stock dividends		(1,269	)
Less: Income allocated to participating securities		(2	)
Basic income per share:
Income available to common stockholders	$	148			42,182	$	0.00
Add: Options		—			69
Diluted income per share:
Income available to common stockholders	$	148			42,251	$	0.00