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8th grade Avg
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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) | |||||||||||||||
2008 | 2007 | 2008 | 2007 | |||||||||||||
(in thousands, except per share data) | ||||||||||||||||
Average number of common shares outstanding | 59,949 | 57,508 | 59,949 | 57,508 | ||||||||||||
Average common shares due to assumed conversion of stock options | — | — | 136 | 1,611 | ||||||||||||
Total shares | 59,949 | 57,508 | 60,085 | 59,119 | ||||||||||||
Income (loss) from continuing operations | $ | (16,148 | ) | $ | 3,286 | $ | (16,148 | ) | $ | 3,286 | ||||||
Income (loss) from discontinued operations, net | 21,202 | (377 | ) | 21,202 | (377 | ) | ||||||||||
Net income | $ | 5,054 | $ | 2,909 | $ | 5,054 | $ | 2,909 | ||||||||
Per share data: | ||||||||||||||||
Income (loss) from continuing operations | $ | (0.27 | ) | $ | 0.06 | $ | (0.27 | ) | $ | 0.06 | ||||||
Income (loss) from discontinued operations, net | 0.35 | (0.01 | ) | 0.35 | (0.01 | ) | ||||||||||
Net income per share | $ | 0.08 | $ | 0.05 | $ | 0.08 | $ | 0.05 | ||||||||
(a) | When the computed diluted values are antidilutive, the basic per share values are presented on the face of the Condensed Consolidated Income Statements (Unaudited). |