Attached files
Exhibit 11
Pinnacle Entertainment, Inc.
Computation of Earnings Per Share
For the years ended December 31, | |||||||||||||||||||||||
Basic | Diluted (a) | ||||||||||||||||||||||
2017 | 2016 | 2015 | 2017 | 2016 | 2015 | ||||||||||||||||||
(in thousands, except per share data) | |||||||||||||||||||||||
Weighted average number of common shares outstanding | 56,518 | 58,741 | 61,030 | 56,518 | 58,741 | 61,030 | |||||||||||||||||
Potential dilution from share-based payment awards (a) | — | — | — | 5,393 | — | 2,291 | |||||||||||||||||
Total shares | 56,518 | 58,741 | 61,030 | 61,911 | 58,741 | 63,321 | |||||||||||||||||
Income (loss) from continuing operations | $ | 61,758 | $ | (457,880 | ) | $ | 42,115 | $ | 61,758 | $ | (457,880 | ) | $ | 42,115 | |||||||||
Income from discontinued operations, net of income taxes | — | 433 | 5,494 | — | 433 | 5,494 | |||||||||||||||||
Net income (loss) | 61,758 | (457,447 | ) | 47,609 | 61,758 | (457,447 | ) | 47,609 | |||||||||||||||
Less: Net loss attributable to non-controlling interest | 1,346 | 37 | 1,278 | 1,346 | 37 | 1,278 | |||||||||||||||||
Net income (loss) attributable to Pinnacle Entertainment, Inc. | $ | 63,104 | $ | (457,410 | ) | $ | 48,887 | $ | 63,104 | $ | (457,410 | ) | $ | 48,887 | |||||||||
Per share data: | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | 1.12 | $ | (7.80 | ) | $ | 0.71 | $ | 1.02 | $ | (7.80 | ) | $ | 0.68 | |||||||||
Income from discontinued operations, net of income taxes | — | 0.01 | 0.09 | — | 0.01 | 0.09 | |||||||||||||||||
Net income (loss) per common share | $ | 1.12 | $ | (7.79 | ) | $ | 0.80 | $ | 1.02 | $ | (7.79 | ) | $ | 0.77 | |||||||||
(a) | When the impact of share-based payment awards is anti-dilutive, the weighted average number of common shares outstanding is used in the determination of basic and diluted earnings per share. |