Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - Pinnacle Entertainment, Inc. | exhibit32063017.htm |
| EX-31.2 - EXHIBIT 31.2 - Pinnacle Entertainment, Inc. | exhibit312063017.htm |
| EX-31.1 - EXHIBIT 31.1 - Pinnacle Entertainment, Inc. | exhibit311063017.htm |
| 10-Q - 10-Q - Pinnacle Entertainment, Inc. | pnk6301710q.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) | ||||||||||||||
2017 | 2016 | 2017 | 2016 | ||||||||||||
Weighted average number of common shares outstanding | 56,648 | 60,791 | 56,648 | 60,791 | |||||||||||
Potential dilution from share-based awards | — | — | 5,236 | — | |||||||||||
Total shares | 56,648 | 60,791 | 61,884 | 60,791 | |||||||||||
Income (loss) from continuing operations | $ | 8,426 | $ | (489,202 | ) | $ | 8,426 | $ | (489,202 | ) | |||||
Income from discontinued operations, net of income taxes | — | 271 | — | 271 | |||||||||||
Net income (loss) | 8,426 | (488,931 | ) | 8,426 | (488,931 | ) | |||||||||
Less: Net loss attributable to non-controlling interest | 951 | 7 | 951 | 7 | |||||||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | 9,377 | $ | (488,924 | ) | $ | 9,377 | $ | (488,924 | ) | |||||
Per share data: | |||||||||||||||
Income (loss) from continuing operations | $ | 0.17 | $ | (8.04 | ) | $ | 0.15 | $ | (8.04 | ) | |||||
Income from discontinued operations, net of income taxes | — | 0.00 | — | 0.00 | |||||||||||
Net income (loss) per common share | $ | 0.17 | $ | (8.04 | ) | $ | 0.15 | $ | (8.04 | ) | |||||
For the six months ended June 30, | |||||||||||||||
Basic | Diluted (a) | ||||||||||||||
2017 | 2016 | 2017 | 2016 | ||||||||||||
Weighted average number of common shares outstanding | 56,314 | 61,077 | 56,314 | 61,077 | |||||||||||
Potential dilution from share-based awards | — | — | 5,149 | — | |||||||||||
Total shares | 56,314 | 61,077 | 61,463 | 61,077 | |||||||||||
Income (loss) from continuing operations | $ | 25,634 | $ | (448,309 | ) | $ | 25,634 | $ | (448,309 | ) | |||||
Income from discontinued operations, net of income taxes | — | 396 | — | 396 | |||||||||||
Net income (loss) | 25,634 | (447,913 | ) | 25,634 | (447,913 | ) | |||||||||
Less: Net loss attributable to non-controlling interest | 960 | 15 | 960 | 15 | |||||||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | 26,594 | $ | (447,898 | ) | $ | 26,594 | $ | (447,898 | ) | |||||
Per share data: | |||||||||||||||
Income (loss) from continuing operations | $ | 0.47 | $ | (7.34 | ) | $ | 0.43 | $ | (7.34 | ) | |||||
Income from discontinued operations, net of income taxes | — | 0.01 | — | 0.01 | |||||||||||
Net income (loss) per common share | $ | 0.47 | $ | (7.33 | ) | $ | 0.43 | $ | (7.33 | ) | |||||
(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. |