EX-11 3 pnkex11123116.htm EXHIBIT 11 Exhibit


Exhibit 11

Pinnacle Entertainment, Inc.
Computation of Earnings Per Share

 
For the years ended December 31,
 
Basic
 
Diluted (a)
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands, except per share data)
Weighted average number of common shares outstanding
58,741

 
61,030

 
59,666

 
58,741

 
61,030

 
59,666

Potential dilution from share-based awards (a)
—

 
—

 
—

 
—

 
2,291

 
1,940

Total shares
58,741

 
61,030

 
59,666

 
58,741

 
63,321

 
61,606

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(457,880
)
 
$
42,115

 
$
38,331

 
$
(457,880
)
 
$
42,115

 
$
38,331

Income from discontinued operations, net of income taxes
433

 
5,494

 
5,449

 
433

 
5,494

 
5,449

Net income (loss)
(457,447
)
 
47,609

 
43,780

 
(457,447
)
 
47,609

 
43,780

Net loss attributable to non-controlling interest
(37
)
 
(1,278
)
 
(63
)
 
(37
)
 
(1,278
)
 
(63
)
Net income (loss) attributable to Pinnacle Entertainment, Inc.
$
(457,410
)
 
$
48,887

 
$
43,843

 
$
(457,410
)
 
$
48,887

 
$
43,843

 
 
 
 
 
 
 
 
 
 
 
 
Per share data:
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(7.80
)
 
$
0.71

 
$
0.64

 
$
(7.80
)
 
$
0.68

 
$
0.62

Income from discontinued operations, net of income taxes
0.01

 
0.09

 
0.09

 
0.01

 
0.09

 
0.09

Net income (loss) per common share
$
(7.79
)
 
$
0.80

 
$
0.73

 
$
(7.79
)
 
$
0.77

 
$
0.71


(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.