EXHIBIT 11.0
Pinnacle Entertainment, Inc.
Computation of Per Share Earnings
For the three months ended June 30,
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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 - unaudited)
Average number of common shares outstanding 25,996 26,303 25,996 26,303
Average common shares due to assumed conversion of
stock options 0 0 90 1,042
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Total shares 25,996 26,303 26,086 27,345
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Net (loss) income ($ 5,287) $ 26,232 ($ 5,287) $ 26,232
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Net (loss) income per share ($ 0.20) $ 1.00 ($ 0.20) $ 0.96
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For the six months ended June 30,
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Basic Diluted (a)
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2001 2000 2001 2000
-------- -------- -------- --------
(in thousands, except per share data - unaudited)
Average number of common shares outstanding 26,141 26,281 26,141 26,281
Average common shares due to assumed conversion of
stock options 0 0 139 1,045
-------- -------- -------- --------
Total shares 26,141 26,281 26,280 27,326
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Net (loss) income ($ 7,408) $ 48,144 ($ 7,408) $ 48,144
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Net (loss) income per share ($ 0.28) $ 1.83 ($ 0.28) $ 1.76
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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.