EX-11.0 4 dex110.txt STATEMENT RE COMPUTATION OF PER SHARE EARNINGS Exhibit 11 ---------- Pinnacle Entertainment, Inc. Computation of Per Share Earnings
For the three months ended September 30, ------------------------------------------------------------- Basic Diluted (a) ------------------------- ----------------------- 2001 2000 2001 2000 --------- --------- --------- --------- (in thousands, except per share data - unaudited) Average number of common shares outstanding 25,542 26,356 25,542 26,356 Average common shares due to assumed conversion of stock options 0 0 81 1,102 -------- -------- ---------- ---------- Total shares 25,542 26,356 25,623 27,458 ======== ======== ========== ========== Net income before extraordinary item $ 1,003 $ 37,489 $ 1,003 $ 37,489 Extraordinary item, net of income taxes 0 2,653 0 2,653 -------- -------- ---------- ---------- Net (loss) income $ 1,003 $ 34,836 $ 1,003 $ 34,836 ======== ======== ========== ========== Net income before extraordinary item per share $ 0.04 $ 1.42 $ 0.04 $ 1.37 Extraordinary item per share, net of income taxes 0.00 (0.10) 0.00 (0.10) -------- -------- ---------- ---------- Net (loss) income per share $ 0.04 $ 1.32 $ 0.04 $ 1.27 ======== ======== ========== ==========
For the three months ended September 30, ------------------------------------------------------------- Basic Diluted (a) ------------------------- ----------------------- 2001 2000 2001 2000 --------- --------- --------- --------- (in thousands, except per share data - unaudited) Average number of common shares outstanding 25,939 26,306 25,939 26,306 Average common shares due to assumed conversion of stock options 0 0 104 1,063 -------- -------- ---------- ---------- Total shares 25,939 26,306 26,043 27,369 ======== ======== ========== ========== Net (loss) income before extraordinary item ($6,405) $ 85,633 ($6,405) $ 85,633 Extraordinary item, net of income taxes 0 2,653 0 2,653 -------- -------- ---------- ---------- Net (loss) income after extraordiarny item ($6,405) $ 82,980 ($6,405) $ 82,980 ======== ======== ========== ========== Net (loss) income before extraordinary item per share ($0.25) $ 3.25 ($0.25) $ 3.13 Extraordinary item per share, net of income taxes 0.00 (0.10) 0.00 (0.10) -------- -------- ---------- ---------- Net (loss) income after extraordianry item per share ($0.25) $ 3.15 ($0.25) $ 3.02 ======== ======== ========== ==========
---------------- (a) When the computed diluted values are anti-dilutive, the basic per share values are presented on the face of the consolidated statements of operations.