Exhibit 11
Pinnacle Entertainment, Inc.
Computation of Earnings Per Share
| For the years ended December 31, | |||||||||||||||||||||||
| Basic | Diluted (a) | ||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2015 | 2014 | 2013 | ||||||||||||||||||
| (in thousands, except per share data) | |||||||||||||||||||||||
| Weighted average number of common shares outstanding | 61,030 | 59,666 | 58,707 | 61,030 | 59,666 | 58,707 | |||||||||||||||||
| Potential dilution from share-based awards (a) | — | — | — | 2,291 | 1,940 | — | |||||||||||||||||
| Total shares | 61,030 | 59,666 | 58,707 | 63,321 | 61,606 | 58,707 | |||||||||||||||||
| Income (loss) from continuing operations | $ | 42,115 | $ | 38,331 | $ | (133,381 | ) | $ | 42,115 | $ | 38,331 | $ | (133,381 | ) | |||||||||
| Income (loss) from discontinued operations, net of income taxes | 5,494 | 5,449 | (122,540 | ) | 5,494 | 5,449 | (122,540 | ) | |||||||||||||||
| Net income (loss) | 47,609 | 43,780 | (255,921 | ) | 47,609 | 43,780 | (255,921 | ) | |||||||||||||||
| Net loss attributable to non-controlling interest | (1,278 | ) | (63 | ) | (51 | ) | (1,278 | ) | (63 | ) | (51 | ) | |||||||||||
| Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | 48,887 | $ | 43,843 | $ | (255,870 | ) | $ | 48,887 | $ | 43,843 | $ | (255,870 | ) | |||||||||
| Per share data: | |||||||||||||||||||||||
| Income (loss) from continuing operations | $ | 0.71 | $ | 0.64 | $ | (2.27 | ) | $ | 0.68 | $ | 0.62 | $ | (2.27 | ) | |||||||||
| Income (loss) from discontinued operations, net of income taxes | 0.09 | 0.09 | (2.09 | ) | 0.09 | 0.09 | (2.09 | ) | |||||||||||||||
| Net income (loss) per common share | $ | 0.80 | $ | 0.73 | $ | (4.36 | ) | $ | 0.77 | $ | 0.71 | $ | (4.36 | ) | |||||||||
| (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. |