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9. EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2014
Earnings Per Share [Abstract] |
9 .EARNINGS PER SHARE | The following tables compute basic and diluted earnings per share (in thousands, except per share data):
|  | 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 |
|  | Three Months Ended September 30, 2013 |
|  | Loss Numerator |  |  | Shares Denominator |  |  | Per-Share Amount |
Net loss attributed to Pacific Ethanol |  | $ | (4,971 | ) |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (319 | ) |  |  |  |  |  |  |  |
Basic and diluted loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss available to common stockholders |  | $ | (5,290 | ) |  |  | 13,177 |  |  | $ | (0.40 | )
|  | 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 |
|  | Nine Months Ended September 30, 2013 |
|  | Loss Numerator |  |  | Shares Denominator |  |  | Per-Share Amount |
Net loss attributed to Pacific Ethanol |  | $ | (9,374 | ) |  |  |  |  |  |  |  |
Less: Preferred stock dividends |  |  | (946 | ) |  |  |  |  |  |  |  |
Basic and diluted loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Loss available to common stockholders |  | $ | (10,320 | ) |  |  | 11,380 |  |  | $ | (0.91 | )
There were an aggregate of 669,000 and 657,000 potentially dilutive weighted-average shares from the Company’s outstanding convertible Series B Preferred Stock, warrants and options for the three and nine months ended September 30, 2014, respectively. These convertible securities were not considered in calculating diluted net loss per share for the three and nine months ended September 30, 2013, as their effect would have been anti-dilutive.

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