Exhibit 11
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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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2002 2001 2002 2001
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(in thousands, except per share data - unaudited)
Average number of common shares outstanding 25,444 26,288 25,444 26,288
Average common shares due to assumed conversion of
stock options 0 0 115 278
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Total shares 25,444 26,288 25,559 26,566
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Net loss before cumulative change in accounting principle ($ 2,298) ($2,121) ($2,298) ($2,121)
Cumulative change in accounting principle, net of taxes 56,704 0 56,704 0
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Net loss ($59,002) ($2,121) ($59,002) ($2,121)
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Per share loss before cumulative change in accounting principle ($0.09) ($0.08) ($0.09) ($0.08)
Per share cumulative change in accounting principle, net of taxes (2.23) 0.00 (2.23) 0.00
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Per share loss ($2.32) ($0.08) ($2.32) ($0.08)
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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.