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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2011
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share
12. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is based on the weighted average number of common shares outstanding during each period. Diluted earnings (loss) per share is based on the weighted average number of common shares outstanding and the effect of all dilutive common stock equivalents outstanding during each period. Stock option conversions and stock units were not included in the computation of diluted loss per share for the year ended December 31, 2011 as we incurred a loss for this period and any effect on loss per share would have been anti-dilutive. The following table reconciles the numerators and denominators used in the computations of both basic and diluted earnings (loss) per share:

 

                         
     Year Ended December 31  
     2011     2010      2009  
     (In thousands, except share data)  

Basic earnings (loss) per share computation:

                          

Numerator:

                          

Income (loss) from continuing operations

    $ (1,595,787 )    $ 77,740       $ 228,620   

Net loss attributable to non-controlling interest

      16,550        8,735         12,461   
    

 

 

    

 

 

     

 

 

  

Income (loss) from continuing operations attributable to Dean Foods Company

    $ (1,579,237 )    $ 86,475       $ 241,081   

Denominator:

                          

Average common shares

      183,388,220        181,799,306         170,986,886   

Basic earnings (loss) per share from continuing operations attributable to Dean Foods Company

    $ (8.61 )    $ 0.48       $ 1.41   

Diluted earnings (loss) per share computation:

                          

Numerator:

                          

Income (loss) from continuing operations

    $ (1,595,787 )    $ 77,740       $ 228,620   

Net loss attributable to non-controlling interest

      16,550        8,735         12,461   
    

 

 

    

 

 

     

 

 

  

Income (loss) from continuing operations attributable to Dean Foods Company

    $ (1,579,237 )    $ 86,475       $ 241,081   

Denominator:

                          

Average common shares — basic

      183,388,220        181,799,306         170,986,886   

Stock option conversion(1)

      —          574,094         2,474,227   

Stock units(2)

      —          488,402         397,190   
    

 

 

    

 

 

     

 

 

  

Average common shares — diluted

      183,388,220        182,861,802         173,858,303   
    

 

 

    

 

 

     

 

 

  

Diluted earnings (loss) per share from continuing operations attributable to Dean Foods Company

    $ (8.61 )    $ 0.47       $ 1.39   
                         

(1) Anti-dilutive options excluded

      20,763,870        19,681,022         12,846,720
                         

(2) Anti-dilutive stock units excluded

      2,499,769        158,991         57,664