Quarterly Results of Operations (unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (unaudited)

QUARTERLY RESULTS OF OPERATIONS (unaudited)

The following is a summary of our unaudited quarterly results of operations for 2014 and 2013.

	Quarter
	First			Second			Third			Fourth
	(In thousands, except share and per share data)
2014
Net sales	$	2,341,040		$	2,393,869		$	2,373,280		$	2,395,007
Gross profit	416,175			399,088			416,800			441,400
Loss from continuing operations	(9,792		)	(963		)	(15,136		)	5,704
Net Income (loss) (1)	(8,956		)	(645		)	(15,972		)	5,277
Earnings (loss) per common share from continuing operations (2):
Basic	(0.10		)	(0.01		)	(0.16		)	0.06
Diluted	(0.10		)	(0.01		)	(0.16		)	0.06

	Quarter
	First			Second			Third		Fourth
	(In thousands, except share and per share data)
2013
Net sales	$	2,292,430		$	2,227,542		$	2,200,899	$	2,295,450
Gross profit	495,232			472,300			441,285		445,770
Income (loss) from continuing operations	(20,740		)	(32,057		)	415,518		(37,362		)
Net income (loss) (3)(4)	495,797			(53,883		)	415,120		(37,677		)
Net income (loss) attributable to Dean Foods Company (1)	492,605			(56,870		)	415,120		(37,677		)
Earnings (loss) per common share from continuing operations (2) (5):
Basic	(0.22		)	(0.34		)	4.41		(0.40		)
Diluted	(0.22		)	(0.34		)	4.36		(0.40		)

(1) The results for the first, second and third quarters of 2014 include facility closing and reorganization costs, net of tax, of $0.6 million, $0.5 million, and $1.8 million, respectively. See Note 17.

(2) Earnings (loss) per common share calculations for each of the quarters were based on the basic and diluted weighted average number of shares outstanding for each quarter. The sum of the quarters may not necessarily be equal to the full year earnings (loss) per common share amount.

(3) The results for the first, second, third and fourth quarters of 2013 include facility closing and reorganization costs, net of tax, of $3.6 million, $3.2 million, $4.7 million and $5.9 million, respectively. See Note 17.

(4) Results for 2013 include a gain of $415.8 million related to the disposition of our remaining investment in WhiteWave common stock, a charge of $22.9 million, net of tax, related to impairments of property, plant & equipment (Note 17), a charge of $5.1 million, net of tax, related to impairments of intangible assets (Note 7), and a loss of $38.7 million, net of tax, related to the early retirement of a portion of our senior notes due 2018 and senior notes due 2016 (Note 10).

(5) Basic and diluted earnings (loss) per common share for the first and second quarters of 2013 have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected August 26, 2013.