Exhibit 11
Pinnacle Entertainment, Inc.
Computation of Per Share Earnings
For the three months ended March 31,
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Basic Diluted (a)
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2001 2000 2001 2000
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(in thousands, except per share data)
Average number of common shares outstanding 26,288 26,260 26,288 26,260
Average common shares due to assumed conversion of
stock options 0 0 278 1,047
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Total shares 26,288 26,260 26,566 27,307
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Net (loss) income ($2,121) $21,921 ($2,121) $21,921
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Net (loss) income per share ($0.08) $0.83 ($0.08) $0.80
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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.