EX-11 2 exhibit1133118.htm EXHIBIT 11 Exhibit


Exhibit 11
Pinnacle Entertainment, Inc.
Computation of Earnings Per Share
(in thousands, except per share data)

 
For the three months ended March 31,
 
Basic
 
Diluted (a)
 
2018
 
2017
 
2018
 
2017
Weighted average number of common shares outstanding
56,901

 
55,977

 
56,901

 
55,977

Potential dilution from share-based awards
—

 
—

 
5,344

 
4,907

Total shares
56,901

 
55,977

 
62,245

 
60,884

 
 
 
 
 
 
 
 
Net income
$
21,794

 
$
17,208

 
$
21,794

 
$
17,208

Less: Net loss attributable to non-controlling interest
149

 
9

 
149

 
9

Net income attributable to Pinnacle Entertainment, Inc.
$
21,943

 
$
17,217

 
$
21,943

 
$
17,217

 
 
 
 
 
 
 
 
Per share data:
 
 
 
 
 
 
 
Net income per common share
$
0.39

 
$
0.31

 
$
0.35

 
$
0.28


(a)
When the impact of share-based awards is anti-dilutive, the weighted average number of common shares outstanding is used in the determination of basic and diluted earnings per share.