10. Earnings Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

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

	Three Months Ended September 30, 2016
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol	$	(3,518	)
Less: Preferred stock dividends		(319	)
Basic and diluted loss per share:
Loss available to common stockholders	$	(3,837	)		42,226	$	(0.09	)

	Three Months Ended September 30, 2015
	Loss 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	)

	Nine Months Ended September 30, 2016
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss attributed to Pacific Ethanol	$	(11,658	)
Less: Preferred stock dividends		(949	)
Basic and diluted loss per share:
Loss available to common stockholders	$	(12,607	)		42,156	$	(0.30	)

	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	)

There were an aggregate of 731,000 and 679,000 potentially dilutive weighted-average shares from the Company’s warrants and shares of Series B Cumulative Convertible Preferred Stock outstanding for the three and nine months ended September 30, 2016, respectively. These convertible securities were not considered in calculating net loss per share for the three and nine months ended September 30, 2016, as their effect would have been anti-dilutive.