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Exhibit 11
Pinnacle Entertainment, Inc.
Computation of Earnings Per Share
(in thousands, except per share data)
For the three months ended March 31, | |||||||||||||||
Basic | Diluted | ||||||||||||||
2017 | 2016 | 2017 | 2016 | ||||||||||||
Weighted average number of common shares outstanding | 55,977 | 61,362 | 55,977 | 61,362 | |||||||||||
Potential dilution from share-based awards | — | — | 4,907 | 2,209 | |||||||||||
Total shares | 55,977 | 61,362 | 60,884 | 63,571 | |||||||||||
Income from continuing operations | $ | 17,208 | $ | 40,893 | $ | 17,208 | $ | 40,893 | |||||||
Income from discontinued operations, net of income taxes | — | 125 | — | 125 | |||||||||||
Net income | 17,208 | 41,018 | 17,208 | 41,018 | |||||||||||
Less: Net loss attributable to non-controlling interest | 9 | 8 | 9 | 8 | |||||||||||
Net income attributable to Pinnacle Entertainment, Inc. | $ | 17,217 | $ | 41,026 | $ | 17,217 | $ | 41,026 | |||||||
Per share data: | |||||||||||||||
Income from continuing operations | $ | 0.31 | $ | 0.67 | $ | 0.28 | $ | 0.65 | |||||||
Income from discontinued operations, net of income taxes | — | 0.00 | — | 0.00 | |||||||||||
Net income per common share | $ | 0.31 | $ | 0.67 | $ | 0.28 | $ | 0.65 |