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8th grade Good
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New words:
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Removed:
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Exhibit 11
Pinnacle Entertainment, Inc.
Computation of Earnings Per Share
For the three months ended March 31, | ||||||||||||||
Basic | Diluted (a) | |||||||||||||
2006 | 2005 | 2006 | 2005 | |||||||||||
(in thousands, except per share data) | ||||||||||||||
Average number of common shares outstanding | 46,385 | 40,502 | 46,385 | 40,502 | ||||||||||
Average common shares due to assumed conversion of stock options | 0 | 0 | 1,577 | 1,920 | ||||||||||
Total shares | 46,385 | 40,502 | 47,962 | 42,422 | ||||||||||
Income (loss) from continuing operations | $ | 12,554 | $ | (2,878 | ) | $ | 12,554 | $ | (2,878 | ) | ||||
Income from discontinued operations, net | 920 | 647 | 920 | 647 | ||||||||||
Net income (loss) | $ | 13,474 | $ | (2,231 | ) | $ | 13,474 | $ | (2,231 | ) | ||||
Per share data: | ||||||||||||||
Income (loss) from continuing operations | $ | 0.27 | $ | (0.07 | ) | $ | 0.26 | $ | (0.06 | ) | ||||
Income from discontinued operations, net | 0.02 | 0.01 | 0.02 | 0.01 | ||||||||||
Net income (loss) per share | $ | 0.29 | $ | (0.06 | ) | $ | 0.28 | $ | (0.05 | ) | ||||
(a) | When the computed diluted values are antidilutive, the basic per share values are presented on the face of the consolidated statements of operations. |