EX-11 2 d87176ex11.txt STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE 1 EXHIBIT 11 - Statement re computation of per share earnings SUIZA FOODS CORPORATION (In thousands, except share and per-share amounts)
Three Months Ended March 31, ------------------------- Basic EPS computation: 2001 2000 ----------- ----------- Numerator: Income before extraordinary items $ 23,517 $ 20,594 ----------- ----------- Income applicable to common stock $ 23,517 $ 20,594 =========== =========== Denominator: Average common shares 27,355,220 29,071,467 =========== =========== Basic EPS before extraordinary items $ 0.86 $ 0.71 =========== =========== Diluted EPS calculation: Numerator: Income before extraordinary items $ 23,517 $ 20,594 Net effect on earnings from conversion of mandatorily redeemable convertible preferred securities 5,331 5,340 ----------- ----------- Income applicable to common stock $ 28,848 $ 25,934 =========== =========== Denominator: Average common shares - basic 27,355,220 29,071,467 Stock option conversion 762,798 809,677 Dilutive effect of conversion of manditorily redeemable convertible preferred securities 7,666,832 7,730,328 ----------- ----------- Average common shares - diluted 35,784,850 37,611,472 =========== =========== Diluted EPS before extraordinary items $ 0.81 $ 0.69 =========== ===========