EXHIBIT 11
Pinnacle Entertainment, Inc.
Computation of Earnings Per Share
For the three months ended March 31,
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Basic Diluted (a)
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2000 1999 2000 1999
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(In thousands, except per share data - unaudited)
Average number of common shares outstanding 26,260 25,800 26,260 25,800
Average common shares due to assumed conversion of
stock options 0 0 1,047 (405)
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Total shares 26,260 25,800 27,307 25,395
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Net income allocated to shareholders $ 21,912 $ 4,133 $ 21,912 $ 4,133
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Net income per share $0.83 $0.16 $0.80 $0.16
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(a) When the computed diluted values are anti-dilutive, the basic per share values are presented on the face of the consolidated
statements of operations.
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