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Quarterly Results of Operations (unaudited)
 12 Months Ended
Dec. 31, 2019
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 2019 and 2018:
 
Quarter
 
First
 
Second
 
Third
 
Fourth
 
(In thousands, except share and per share data)
2019
 
 
 
 
 
 
 
Net sales
$
1,795,434

 
$
1,843,498

 
$
1,849,710

 
$
1,840,021

Gross profit
373,753

 
379,480

 
350,341

 
336,158

Loss from continuing operations(1)
(61,827
)
 
(64,863
)
 
(79,393
)
 
(294,651
)
Net loss
(61,827
)
 
(64,863
)
 
(79,393
)
 
(294,721
)
Net loss attributable to Dean Foods Company
(61,574
)
 
(64,471
)
 
(79,254
)
 
(294,643
)
Loss per common share from continuing operations attributable to Dean Foods Company(2):
 
 
 
 
 
 
 
Basic
$
(0.67
)
 
$
(0.70
)
 
$
(0.86
)
 
$
(3.22
)
Diluted
$
(0.67
)
 
$
(0.70
)
 
$
(0.86
)
 
$
(3.22
)
 
Quarter
 
First
 
Second
 
Third
 
Fourth
 
(In thousands, except share and per share data)
2018
 
 
 
 
 
 
 
Net sales
$
1,980,507

 
$
1,951,230

 
$
1,894,066

 
$
1,929,480

Gross profit
448,503

 
432,784

 
390,597

 
383,394

Loss from continuing operations(3)
(265
)
 
(42,016
)
 
(26,648
)
 
(263,301
)
Net loss
(265
)
 
(40,094
)
 
(26,648
)
 
(260,351
)
Net loss attributable to Dean Foods Company
(265
)
 
(40,094
)
 
(26,424
)
 
(260,117
)
Loss per common share from continuing operations attributable to Dean Foods Company(2):
 
 
 
 
 
 
 
Basic
$
—

 
$
(0.46
)
 
$
(0.29
)
 
$
(2.88
)
Diluted
$
—

 
$
(0.46
)
 
$
(0.29
)
 
$
(2.88
)
(1)
Loss from continuing operations for the first, second, third and fourth quarters of 2019 includes prepetition facility closing and restructuring costs, net of tax and gains on sales of assets, of $3.2 million, $5.5 million, $2.8 million and $1.1 million, respectively. See Note 18. The results for the second and fourth quarters of 2019 include impairments of our property, plant and equipment totaling $11.9 million and $144.0 million, respectively. See Note 18. The results for the fourth quarter of 2019 include a trademark impairment of $21.5 million. See Note 7. The results for the fourth quarter of 2019 also include reorganization items related to our bankruptcy proceedings of $44.5 million. See Note 2.
(2)
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 loss per common share amount.
(3)
Loss from continuing operations for the first, second, third and fourth quarters of 2018 includes prepetition facility closing and restructuring costs, net of tax and gains on sales of assets, of $6.4 million, $51.2 million, $(2.0) million and $1.2 million, respectively. See Note 18. The results for the second and fourth quarters of 2018 include impairments of our property, plant and equipment totaling $2.2 million and $11.5 million, respectively. See Note 18. The results for the fourth quarter of 2018 include a goodwill impairment of $190.7 million. See Note 7.