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. |