Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - Pinnacle Entertainment, Inc. | exhibit32093017.htm |
| EX-31.2 - EXHIBIT 31.2 - Pinnacle Entertainment, Inc. | exhibit312093017.htm |
| EX-31.1 - EXHIBIT 31.1 - Pinnacle Entertainment, Inc. | exhibit311093017.htm |
| 10-Q - 10-Q - Pinnacle Entertainment, Inc. | pnk9301710q.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) | ||||||||||||||
2017 | 2016 | 2017 | 2016 | ||||||||||||
Weighted average number of common shares outstanding | 56,799 | 57,004 | 56,799 | 57,004 | |||||||||||
Potential dilution from share-based awards | — | — | 5,081 | — | |||||||||||
Total shares | 56,799 | 57,004 | 61,880 | 57,004 | |||||||||||
Income (loss) from continuing operations | $ | 13,940 | $ | (532 | ) | $ | 13,940 | $ | (532 | ) | |||||
Income from discontinued operations, net of income taxes | — | 37 | — | 37 | |||||||||||
Net income (loss) | 13,940 | (495 | ) | 13,940 | (495 | ) | |||||||||
Less: Net loss attributable to non-controlling interest | 193 | 9 | 193 | 9 | |||||||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | 14,133 | $ | (486 | ) | $ | 14,133 | $ | (486 | ) | |||||
Per share data: | |||||||||||||||
Income (loss) from continuing operations | $ | 0.25 | $ | (0.01 | ) | $ | 0.23 | $ | (0.01 | ) | |||||
Income from discontinued operations, net of income taxes | — | 0.00 | — | 0.00 | |||||||||||
Net income (loss) per common share | $ | 0.25 | $ | (0.01 | ) | $ | 0.23 | $ | (0.01 | ) | |||||
For the nine months ended September 30, | |||||||||||||||
Basic | Diluted (a) | ||||||||||||||
2017 | 2016 | 2017 | 2016 | ||||||||||||
Weighted average number of common shares outstanding | 56,478 | 59,722 | 56,478 | 59,722 | |||||||||||
Potential dilution from share-based awards | — | — | 5,260 | — | |||||||||||
Total shares | 56,478 | 59,722 | 61,738 | 59,722 | |||||||||||
Income (loss) from continuing operations | $ | 39,574 | $ | (448,841 | ) | $ | 39,574 | $ | (448,841 | ) | |||||
Income from discontinued operations, net of income taxes | — | 433 | — | 433 | |||||||||||
Net income (loss) | 39,574 | (448,408 | ) | 39,574 | (448,408 | ) | |||||||||
Less: Net loss attributable to non-controlling interest | 1,153 | 24 | 1,153 | 24 | |||||||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | 40,727 | $ | (448,384 | ) | $ | 40,727 | $ | (448,384 | ) | |||||
Per share data: | |||||||||||||||
Income (loss) from continuing operations | $ | 0.72 | $ | (7.52 | ) | $ | 0.66 | $ | (7.52 | ) | |||||
Income from discontinued operations, net of income taxes | — | 0.01 | — | 0.01 | |||||||||||
Net income (loss) per common share | $ | 0.72 | $ | (7.51 | ) | $ | 0.66 | $ | (7.51 | ) | |||||
(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. |