EX-11 5 d96946ex11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 - Statement re computation of per share earnings DEAN FOODS COMPANY (In thousands, except share and per-share amounts)
THREE MONTHS ENDED MARCH 31, ------------ ------------ Basic EPS computation: 2002 2001 ------------ ------------ Numerator: Income before cumulative effect of accounting change $ 55,359 $ 23,517 ------------ ------------ Income applicable to common stock $ 55,359 $ 23,517 ============ ============ Denominator: Average common shares 88,876,210 54,710,440 ============ ============ Basic EPS before cumulative effect of accounting change $ 0.62 $ 0.43 ============ ============ Diluted EPS calculation: Numerator: Income before cumulative effect of accounting change $ 55,359 $ 23,517 Net effect on earnings from conversion of mandatorily redeemable convertible preferred securities 5,331 5,331 ------------ ------------ Income applicable to common stock $ 60,690 $ 28,848 ============ ============ Denominator: Average common shares - basic 88,876,210 54,710,440 Stock option conversion 3,693,320 1,525,596 Dilutive effect of conversion of manditorily redeemable convertible preferred securities 15,333,428 15,333,664 ------------ ------------ Average common shares - diluted 107,902,958 71,569,700 ============ ============ Diluted EPS before cumulative effect of accounting change $ 0.56 $ 0.40 ============ ============