EX-11 5 d81719ex11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS 1 EXHIBIT 11 EXHIBIT 11 - STATEMENT RE COMPUTATION OF PER SHARE EARNINGS SUIZA FOODS CORPORATION (In thousands, except share and per-share amounts)
Three Months ended Nine Months ended September 30, September 30, ----------------------------- ----------------------------- 2000 1999 2000 1999 ----------- ----------- ----------- ----------- Basic EPS computation: Numerator: Income before extraordinary items $ 31,189 $ 30,449 $ 85,316 $ 83,468 ----------- ----------- ----------- ----------- Income applicable to common stock $ 31,189 $ 30,449 $ 85,316 $ 83,468 =========== =========== =========== =========== Denominator: Average common shares 27,623,928 33,665,788 28,530,656 33,679,515 =========== =========== =========== =========== Basic EPS before extraordinary items $ 1.13 $ 0.90 $ 2.99 $ 2.48 =========== =========== =========== =========== Diluted EPS calculation: Numerator: Income before extraordinary items $ 31,189 $ 30,449 $ 85,316 $ 83,468 Net effect on earnings from conversion of mandatorily redeemable convertible preferred securities 5,331 5,980 16,001 17,942 ----------- ----------- ----------- ----------- Income applicable to common stock $ 36,520 $ 36,429 $ 101,317 $ 101,410 =========== =========== =========== =========== Denominator: Average common shares - basic 27,623,928 33,665,788 28,530,656 33,679,515 Stock option conversion 906,601 879,896 832,882 995,898 Dilutive effect of conversion of manditorily redeemable convertible preferred securities 7,667,183 9,096,105 7,698,814 9,096,123 ----------- ----------- ----------- ----------- Average common shares - diluted 36,197,712 43,641,789 37,062,352 43,771,536 =========== =========== =========== =========== Diluted EPS before extraordinary items $ 1.01 $ 0.83 $ 2.73 $ 2.32 =========== =========== =========== ===========