EX-11 9 exhibit1103312013.htm EXHIBIT Exhibit 11 03.31.2013


Exhibit 11
Pinnacle Entertainment, Inc.
Computation of Earnings Per Share
(in thousands, except per share data)

 
For the three months ended March 31,
 
Basic
 
Diluted (a)
 
2013
 
2012
 
2013
 
2012
Average number of common shares outstanding
58,339

 
62,187

 
58,339

 
62,187

Average common shares due to assumed conversion of stock options
—

 
—

 
—

 
—

Total shares
58,339

 
64,199

 
58,339

 
62,187

 
 
 
 
 
 
 
 
Loss from continuing operations
$
(85,346
)
 
$
(326
)
 
$
(85,346
)
 
$
(326
)
Loss from discontinued operations, net of income taxes
(45
)
 
(683
)
 
(45
)
 
(683
)
Net loss
$
(85,391
)
 
$
(1,009
)
 
$
(85,391
)
 
$
(1,009
)
 
 
 
 
 
 
 
 
Per share data:
 
 
 
 
 
 
 
Loss from continuing operations
$
(1.46
)
 
$
(0.01
)
 
$
(1.46
)
 
$
(0.01
)
Loss from discontinued operations, net of income taxes
—

 
(0.01
)
 
—

 
(0.01
)
Net loss per share
$
(1.46
)
 
$
(0.02
)
 
$
(1.46
)
 
$
(0.02
)

(a)    When the computed diluted values are antidilutive, the basic per share values are presented on the face of the unaudited Condensed Consolidated Statements of Operations.