Exhibit 11
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Pinnacle Entertainment, Inc.
Computation of Per Share Earnings
For the three months ended September 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 25,542 26,356 25,542 26,356
Average common shares due to assumed conversion of
stock options 0 0 81 1,102
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Total shares 25,542 26,356 25,623 27,458
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Net income before extraordinary item $ 1,003 $ 37,489 $ 1,003 $ 37,489
Extraordinary item, net of income taxes 0 2,653 0 2,653
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Net (loss) income $ 1,003 $ 34,836 $ 1,003 $ 34,836
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Net income before extraordinary item per share $ 0.04 $ 1.42 $ 0.04 $ 1.37
Extraordinary item per share, net of income taxes 0.00 (0.10) 0.00 (0.10)
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Net (loss) income per share $ 0.04 $ 1.32 $ 0.04 $ 1.27
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For the three months ended September 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 25,939 26,306 25,939 26,306
Average common shares due to assumed conversion of
stock options 0 0 104 1,063
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Total shares 25,939 26,306 26,043 27,369
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Net (loss) income before extraordinary item ($6,405) $ 85,633 ($6,405) $ 85,633
Extraordinary item, net of income taxes 0 2,653 0 2,653
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Net (loss) income after extraordiarny item ($6,405) $ 82,980 ($6,405) $ 82,980
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Net (loss) income before extraordinary item per share ($0.25) $ 3.25 ($0.25) $ 3.13
Extraordinary item per share, net of income taxes 0.00 (0.10) 0.00 (0.10)
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Net (loss) income after extraordianry item per share ($0.25) $ 3.15 ($0.25) $ 3.02
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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.