Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Pinnacle Entertainment, Inc. | pnk6301610q.htm |
| EX-32 - EXHIBIT 32 - Pinnacle Entertainment, Inc. | exhibit32063016.htm |
| EX-31.2 - EXHIBIT 31.2 - Pinnacle Entertainment, Inc. | exhibit312063016.htm |
| EX-31.1 - EXHIBIT 31.1 - Pinnacle Entertainment, Inc. | exhibit311063016.htm |
| EX-10.6 - EXHIBIT 10.6 - Pinnacle Entertainment, Inc. | exhibit106063016.htm |
Exhibit 11
Pinnacle Entertainment, Inc.
Computation of Earnings Per Share
(in thousands, except per share data)
For the three months ended June 30, | |||||||||||||||
Basic | Diluted (a) | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Weighted average number of common shares outstanding | 60,791 | 60,976 | 60,791 | 60,976 | |||||||||||
Potential dilution from share-based awards | — | — | — | 2,379 | |||||||||||
Total shares | 60,791 | 60,976 | 60,791 | 63,355 | |||||||||||
Income (loss) from continuing operations | $ | (489,202 | ) | $ | 15,793 | $ | (489,202 | ) | $ | 15,793 | |||||
Income from discontinued operations, net of income taxes | 271 | 4,699 | 271 | 4,699 | |||||||||||
Net income (loss) | (488,931 | ) | 20,492 | (488,931 | ) | 20,492 | |||||||||
Net loss attributable to non-controlling interest | (7 | ) | (1,252 | ) | (7 | ) | (1,252 | ) | |||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | (488,924 | ) | $ | 21,744 | $ | (488,924 | ) | $ | 21,744 | |||||
Per share data: | |||||||||||||||
Income (loss) from continuing operations | $ | (8.04 | ) | $ | 0.28 | $ | (8.04 | ) | $ | 0.27 | |||||
Income from discontinued operations, net of income taxes | 0.00 | 0.08 | 0.00 | 0.07 | |||||||||||
Net income (loss) per common share | $ | (8.04 | ) | $ | 0.36 | $ | (8.04 | ) | $ | 0.34 | |||||
For the six months ended June 30, | |||||||||||||||
Basic | Diluted (a) | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Average number of common shares outstanding | 61,077 | 60,808 | 61,077 | 60,808 | |||||||||||
Average common shares due to assumed conversion of stock options | — | — | — | 2,165 | |||||||||||
Total shares | 61,077 | 60,808 | 61,077 | 62,973 | |||||||||||
Income (loss) from continuing operations | $ | (448,309 | ) | $ | 42,872 | $ | (448,309 | ) | $ | 42,872 | |||||
Income from discontinued operations, net of income taxes | 396 | 4,916 | 396 | 4,916 | |||||||||||
Net income (loss) | (447,913 | ) | 47,788 | (447,913 | ) | 47,788 | |||||||||
Net loss attributable to non-controlling interest | (15 | ) | (1,262 | ) | (15 | ) | (1,262 | ) | |||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | (447,898 | ) | $ | 49,050 | $ | (447,898 | ) | $ | 49,050 | |||||
Per share data: | |||||||||||||||
Income (loss) from continuing operations | $ | (7.34 | ) | $ | 0.73 | $ | (7.34 | ) | $ | 0.70 | |||||
Income from discontinued operations, net of income taxes | 0.01 | 0.08 | 0.01 | 0.08 | |||||||||||
Net income (loss) per common share | $ | (7.33 | ) | $ | 0.81 | $ | (7.33 | ) | $ | 0.78 | |||||
(a) | When the impact of share-based awards is anti-dilutive, the weighted average number of common shares outstanding is used in the determination of basic and diluted earnings per share. |