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Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share
Basic earnings (loss) per share (“EPS”) is based on the weighted average number of common shares outstanding during each period. Diluted EPS is based on the weighted average number of common shares outstanding and the effect of all dilutive common stock equivalents outstanding during each period. Stock option and stock unit conversions were not included in the computation of diluted loss per share for the three and six months ended June 30, 2018 as we incurred a loss from continuing operations for these periods and any effect on loss per share would have been anti-dilutive. The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS:
 
Three Months Ended June 30
 
Six Months Ended June 30
 
2018
 
2017
 
2018
 
2017
 
(In thousands, except share data)
Basic earnings (loss) per share computation:
 
 
 
Numerator:
 
 
 
Income (loss) from continuing operations
$
(42,016
)
 
$
17,647

 
$
(42,281
)
 
$
7,888

Net (income) loss attributable to non-controlling interest

 

 

 

Income (loss) from continuing operations attributable to Dean Foods Company
$
(42,016
)
 
$
17,647

 
$
(42,281
)
 
$
7,888

Denominator:
 
 
 
 
 
 
 
Average common shares
91,342,652

 
90,882,415

 
91,267,748

 
90,796,585

Basic earnings (loss) per share from continuing operations attributable to Dean Foods Company
$
(0.46
)
 
$
0.19

 
$
(0.46
)
 
$
0.09

Diluted earnings (loss) per share computation:
 
 
 
Numerator:
 
 
 
Income (loss) from continuing operations
$
(42,016
)
 
$
17,647

 
$
(42,281
)
 
$
7,888

Net (income) loss attributable to non-controlling interest

 

 

 

Income (loss) from continuing operations attributable to Dean Foods Company
$
(42,016
)
 
$
17,647

 
$
(42,281
)
 
$
7,888

Denominator:
 
 
 
 
 
 
 
Average common shares — basic
91,342,652

 
90,882,415

 
91,267,748

 
90,796,585

Stock option conversion(1)

 
220,318

 

 
232,495

RSUs and PSUs(2)

 
266,297

 

 
336,866

Average common shares — diluted
91,342,652

 
91,369,030

 
91,267,748

 
91,365,946

Diluted earnings (loss) per share from continuing operations attributable to Dean Foods Company
$
(0.46
)
 
$
0.19

 
$
(0.46
)
 
$
0.09

(1) Anti-dilutive options excluded
443,169

 
655,700

 
473,149

 
776,710

(2) Anti-dilutive stock units excluded
1,202,367

 
8,959

 
1,057,057

 
4,504