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Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is based on the weighted average number of common shares issued and outstanding during each period. Diluted earnings (loss) per share is based on the weighted average number of common shares issued and outstanding and the effect of all dilutive common stock equivalents outstanding during each period. Stock option conversions and stock units were not included in the computation of diluted loss per share for the year ended December 31, 2019 as we incurred a loss from continuing operations for this period 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 earnings (loss) per share:
 
Year Ended December 31
 
2019
 
2018
 
2017
 
(In thousands, except share data)
Basic earnings (loss) per share computation:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income (loss) from continuing operations
$
(500,734
)
 
$
(332,230
)
 
$
47,422

Net loss attributable to non-controlling interest
862

 
458

 

Income (loss) from continuing operations attributable to Dean Foods Company
$
(499,872
)
 
$
(331,772
)
 
$
47,422

Denominator:
 
 
 
 
 
Average common shares
91,777,119

 
91,327,846

 
90,899,284

Basic earnings (loss) per share from continuing operations attributable to Dean Foods Company
$
(5.45
)
 
$
(3.63
)
 
$
0.52

Diluted earnings (loss) per share computation:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income (loss) from continuing operations
$
(500,734
)
 
$
(332,230
)
 
$
47,422

Net loss attributable to non-controlling interest
862

 
458

 

Income (loss) from continuing operations attributable to Dean Foods Company
$
(499,872
)
 
$
(331,772
)
 
$
47,422

Denominator:
 
 
 
 
 
Average common shares — basic
91,777,119

 
91,327,846

 
90,899,284

Stock option conversion(1)

 

 
119,284

RSUs and PSUs(2)

 

 
255,426

Average common shares — diluted
91,777,119

 
91,327,846

 
91,273,994

Diluted earnings (loss) per share from continuing operations attributable to Dean Foods Company
$
(5.45
)
 
$
(3.63
)
 
$
0.52

(1) Anti-dilutive common shares excluded
183,685

 
436,473

 
880,541

(2) Anti-dilutive stock units excluded
1,541,276

 
1,086,206

 
442,047