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Exhibit 11
Pinnacle Entertainment, Inc.
Computation of Earnings Per Share
Computation of Earnings Per Share
| For the three months ended March 31, | ||||||||||||||||
| Basic | Diluted (a) | |||||||||||||||
| 2010 | 2009 | 2010 | 2009 | |||||||||||||
| Average number of common shares outstanding | 60,107 | 60,008 | 60,107 | 60,008 | ||||||||||||
| Average common shares due to assumed conversion of stock options | — | — | 829 | 1,868 | ||||||||||||
| Total shares | 60,107 | 60,008 | 60,936 | 61,876 | ||||||||||||
| Income (loss) from continuing operations, net | $ | (2,151 | ) | $ | 2,546 | $ | (2,151 | ) | $ | 2,546 | ||||||
| Income (loss) from discontinued operations, net | 38,894 | (1,615 | ) | 38,894 | (1,615 | ) | ||||||||||
| Net income | $ | 36,743 | $ | 931 | $ | 36,743 | $ | 931 | ||||||||
| Per share data: | ||||||||||||||||
| Income (loss) from continuing operations, net | $ | (0.04 | ) | $ | 0.04 | $ | (0.04 | ) | $ | 0.04 | ||||||
| Income (loss) from discontinued operations, net | 0.65 | (0.02 | ) | 0.64 | (0.02 | ) | ||||||||||
| Net income per share | $ | 0.61 | $ | 0.02 | $ | 0.60 | $ | 0.02 | ||||||||
| (a) | When the computed diluted values are antidilutive, the basic per share values are presented on the face of the Consolidated Income Statements. |