EX-11 12 pnkex11123113.htm EXHIBIT PNK EX 11 12.31.13


Exhibit 11

Pinnacle Entertainment, Inc.
Computation of Earnings Per Share

 
For the years ended December 31,
 
Basic
 
Diluted (a)
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
(in thousands, except per share data)
Average number of common shares outstanding
58,707

 
61,258

 
61,989

 
58,707

 
61,258

 
61,989

Average common share due to assumed conversion of share-based awards
—

 
—

 
—

 
—

 
—

 
478

Total shares
58,707

 
61,258

 
61,989

 
58,707

 
61,258

 
62,467

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations, net
$
(133,381
)
 
$
(13,237
)
 
$
28,903

 
$
(133,381
)
 
$
(13,237
)
 
$
28,903

Loss from discontinued operations, net of income taxes
(122,540
)
 
(18,568
)
 
(31,442
)
 
(122,540
)
 
(18,568
)
 
(31,442
)
Net loss
$
(255,921
)
 
$
(31,805
)
 
$
(2,539
)
 
$
(255,921
)
 
$
(31,805
)
 
$
(2,539
)
 
 
 
 
 
 
 
 
 
 
 
 
Per share data:
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(2.27
)
 
$
(0.22
)
 
$
0.47

 
$
(2.27
)
 
$
(0.22
)
 
$
0.46

Loss from discontinued operations, net of income taxes
(2.09
)
 
(0.30
)
 
(0.51
)
 
(2.09
)
 
(0.30
)
 
(0.50
)
Net loss per share
$
(4.36
)
 
$
(0.52
)
 
$
(0.04
)
 
$
(4.36
)
 
$
(0.52
)
 
$
(0.04
)

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