EX-11 4 a2056146zex-11.txt EXHIBIT 11 EXHIBIT 11 - Statement re computation of per share earnings SUIZA FOODS CORPORATION (IN THOUSANDS, EXCEPT SHARE AND PER-SHARE AMOUNTS)
THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------------- ------------------------- Basic EPS computation: 2001 2000 2001 2000 ----------- ----------- ----------- ----------- Numerator: Income before extraordinary items $ 34,603 $ 33,533 $ 58,120 $ 54,127 ----------- ----------- ----------- ----------- Income applicable to common stock $ 34,603 $ 33,533 $ 58,120 $ 54,127 =========== =========== =========== =========== Denominator: Average common shares 27,560,301 28,896,573 27,458,327 28,984,020 =========== =========== =========== =========== Basic EPS before extraordinary items $ 1.26 $ 1.16 $ 2.12 $ 1.87 =========== =========== =========== =========== Diluted EPS calculation: Numerator: Income before extraordinary items $ 34,603 $ 33,533 $ 58,120 $ 54,127 ----------- ----------- ----------- ----------- Net effect on earnings from conversion of mandatorily redeemable convertible preferred securities 5,331 5,331 10,662 10,671 ----------- ----------- ----------- ----------- Income applicable to common stock $ 39,934 $ 38,864 $ 68,782 $ 64,798 =========== =========== =========== =========== Denominator: Average common shares - basic 27,560,301 28,896,573 27,458,327 28,984,020 Stock option conversion 886,626 758,345 823,307 787,323 Dilutive effect of conversion of manditorily redeemable convertible preferred securities 7,666,832 7,667,534 7,666,832 7,698,931 ----------- ----------- ----------- ----------- Average common shares - diluted 36,113,759 37,322,452 35,948,466 37,470,274 =========== =========== =========== =========== Diluted EPS before extraordinary items $ 1.11 $ 1.04 $ 1.91 $ 1.73 =========== =========== =========== ===========