EX-11 3 exhibit1109302012.htm EXHIBIT Exhibit 11 09.30.2012


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

 
For the three months ended September 30,
 
Basic
 
Diluted (a)
 
2012
 
2011 
 
2012
 
2011 
Average number of common shares outstanding
61,560

 
62,059

 
61,560

 
62,059

Average common shares due to assumed conversion of stock options
—

 
—

 
467

 
505

Total shares
61,560

 
62,059

 
62,027

 
62,564

 
 
 
 
 
 
 
 
Income from continuing operations, net
$
6,757

 
$
11,779

 
$
6,757

 
$
11,779

Loss from discontinued operations, net
(7,115
)
 
(12,569
)
 
(7,115
)
 
(12,569
)
Net loss
$
(358
)
 
$
(790
)
 
$
(358
)
 
$
(790
)
 
 
 
 
 
 
 
 
Per share data:
 
 
 
 
 
 
 
Income from continuing operations, net
$
0.11

 
$
0.19

 
$
0.10

 
$
0.19

Loss from discontinued operations, net
(0.12
)
 
(0.20
)
 
(0.11
)
 
(0.20
)
Net loss per share
$
(0.01
)
 
$
(0.01
)
 
$
(0.01
)
 
$
(0.01
)
 
 
 
 
 
 
 
 
 
For the nine months ended September 30,
 
Basic
 
Diluted (a)
 
2012
 
2011
 
2012
 
2011
Average number of common shares outstanding
62,095

 
61,940

 
62,095

 
61,940

Average common shares due to assumed conversion of stock options
—

 
—

 
403

 
513

Total shares
62,095

 
61,940

 
62,498

 
62,453

 
 
 
 
 
 
 
 
Income from continuing operations, net
$
19,374

 
$
12,507

 
$
19,374

 
$
12,507

Loss from discontinued operations, net
(8,783
)
 
(40,014
)
 
(8,783
)
 
(40,014
)
Net income (loss)
$
10,591

 
$
(27,507
)
 
$
10,591

 
$
(27,507
)
 
 
 
 
 
 
 
 
Per share data:
 
 
 
 
 
 
 
Income from continuing operations, net
$
0.31

 
$
0.20

 
$
0.31

 
$
0.20

Loss from discontinued operations, net
(0.14
)
 
(0.65
)
 
(0.14
)
 
(0.65
)
Net income (loss) per share
$
0.17

 
$
(0.45
)
 
$
0.17

 
$
(0.45
)

 
(a)
When the computed diluted values are antidilutive, the basic per share values are presented on the face of the unaudited Condensed Consolidated Statements of Operations.