EX-11 4 d92024ex11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS 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, ----------------------------- ----------------------------- 2001 2000 2001 2000 ----------- ----------- ----------- ----------- Basic EPS computation: Numerator: Income before extraordinary items $ 29,422 $ 31,189 $ 87,542 $ 85,316 ----------- ----------- ----------- ----------- Income applicable to common stock $ 29,422 $ 31,189 $ 87,542 $ 85,316 =========== =========== =========== =========== Denominator: Average common shares 27,860,732 27,623,928 27,594,599 28,530,656 =========== =========== =========== =========== Basic EPS before extraordinary items $ 1.06 $ 1.13 $ 3.17 $ 2.99 =========== =========== =========== =========== Diluted EPS calculation: Numerator: Income before extraordinary items $ 29,422 $ 31,189 $ 87,542 $ 85,316 Net effect on earnings from conversion of mandatorily redeemable convertible preferred securities 5,331 5,331 15,993 16,001 ----------- ----------- ----------- ----------- Income applicable to common stock $ 34,753 $ 36,520 $ 103,535 $ 101,317 =========== =========== =========== =========== Denominator: Average common shares - basic 27,860,732 27,623,928 27,594,599 28,530,656 Stock option conversion 1,076,481 906,601 918,762 832,882 Dilutive effect of conversion of manditorily redeemable convertible preferred securities 7,666,754 7,667,183 7,666,806 7,698,814 ----------- ----------- ----------- ----------- Average common shares - diluted 36,603,967 36,197,712 36,180,167 37,062,352 =========== =========== =========== =========== Diluted EPS before extraordinary items $ 0.95 $ 1.01 $ 2.86 $ 2.73 =========== =========== =========== ===========