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. |
