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 months ended March 31, 2019 and 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 March 31
	2019			2018
	(In thousands, except share data)
Basic loss per share computation:
Numerator:
Net loss	$	(61,827	)	$	(265	)
Net loss attributable to non-controlling interest	253			—
Net loss attributable to Dean Foods Company	$	(61,574	)	$	(265	)
Denominator:
Average common shares	91,526,266			91,192,013
Basic loss per share attributable to Dean Foods Company	$	(0.67	)	$	—
Diluted loss per share computation:
Numerator:
Net loss	$	(61,827	)	$	(265	)
Net loss attributable to non-controlling interest	253			—
Net loss attributable to Dean Foods Company	$	(61,574	)	$	(265	)
Denominator:
Average common shares — basic	91,526,266			91,192,013
Stock option conversion(1)	—			—
RSUs and PSUs(2)	—			—
Average common shares — diluted	91,526,266			91,192,013
Diluted loss per share attributable to Dean Foods Company	$	(0.67	)	$	—
(1) Anti-dilutive options excluded	285,110			503,462
(2) Anti-dilutive stock units excluded	1,700,699			897,745