Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - Pinnacle Entertainment, Inc. | pnk9301610q.htm |
| EX-32 - EXHIBIT 32 - Pinnacle Entertainment, Inc. | exhibit32093016.htm |
| EX-31.2 - EXHIBIT 31.2 - Pinnacle Entertainment, Inc. | exhibit312093016.htm |
| EX-31.1 - EXHIBIT 31.1 - Pinnacle Entertainment, Inc. | exhibit311093016.htm |
| EX-2.4 - EXHIBIT 2.4 - Pinnacle Entertainment, Inc. | exhibit24093016.htm |
| EX-2.3 - EXHIBIT 2.3 - Pinnacle Entertainment, Inc. | exhibit23093016.htm |
Exhibit 11
Pinnacle Entertainment, Inc.
Computation of Earnings Per Share
(in thousands, except per share data)
For the three months ended September 30, | |||||||||||||||
Basic | Diluted (a) | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Weighted average number of common shares outstanding | 57,004 | 61,187 | 57,004 | 61,187 | |||||||||||
Potential dilution from share-based awards | — | — | — | 2,404 | |||||||||||
Total shares | 57,004 | 61,187 | 57,004 | 63,591 | |||||||||||
Income (loss) from continuing operations | $ | (532 | ) | $ | 13,468 | $ | (532 | ) | $ | 13,468 | |||||
Income from discontinued operations, net of income taxes | 37 | 272 | 37 | 272 | |||||||||||
Net income (loss) | (495 | ) | 13,740 | (495 | ) | 13,740 | |||||||||
Net loss attributable to non-controlling interest | (9 | ) | (9 | ) | (9 | ) | (9 | ) | |||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | (486 | ) | $ | 13,749 | $ | (486 | ) | $ | 13,749 | |||||
Per share data: | |||||||||||||||
Income (loss) from continuing operations | $ | (0.01 | ) | $ | 0.22 | $ | (0.01 | ) | $ | 0.22 | |||||
Income from discontinued operations, net of income taxes | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||
Net income (loss) per common share | $ | (0.01 | ) | $ | 0.22 | $ | (0.01 | ) | $ | 0.22 | |||||
For the nine months ended September 30, | |||||||||||||||
Basic | Diluted (a) | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Average number of common shares outstanding | 59,722 | 60,936 | 59,722 | 60,936 | |||||||||||
Average common shares due to assumed conversion of stock options | — | — | — | 2,255 | |||||||||||
Total shares | 59,722 | 60,936 | 59,722 | 63,191 | |||||||||||
Income (loss) from continuing operations | $ | (448,841 | ) | $ | 56,340 | $ | (448,841 | ) | $ | 56,340 | |||||
Income from discontinued operations, net of income taxes | 433 | 5,188 | 433 | 5,188 | |||||||||||
Net income (loss) | (448,408 | ) | 61,528 | (448,408 | ) | 61,528 | |||||||||
Net loss attributable to non-controlling interest | (24 | ) | (1,271 | ) | (24 | ) | (1,271 | ) | |||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | (448,384 | ) | $ | 62,799 | $ | (448,384 | ) | $ | 62,799 | |||||
Per share data: | |||||||||||||||
Income (loss) from continuing operations | $ | (7.52 | ) | $ | 0.94 | $ | (7.52 | ) | $ | 0.91 | |||||
Income from discontinued operations, net of income taxes | 0.01 | 0.09 | 0.01 | 0.08 | |||||||||||
Net income (loss) per common share | $ | (7.51 | ) | $ | 1.03 | $ | (7.51 | ) | $ | 0.99 | |||||
(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. |