Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

8. Earnings Per Share

Basic earnings per share ("EPS") is based on the weighted average number of common shares outstanding during each period. Diluted EPS is based on the weighted average number of common shares outstanding and the effect of all dilutive common stock equivalents outstanding during each period. The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS:

	Three Months Ended March 31
	2012		2011
	(In thousands, except share data)
Basic EPS computation:
Numerator:
Net income	$	37,883	$	23,382
Net loss attributable to non-controlling interest		—		1,881
Net income attributable to Dean Foods Company	$	37,883	$	25,263
Denominator:
Average common shares		184,104,804		182,817,066
Basic EPS attributable to Dean Foods Company	$	0.21	$	0.14
Diluted EPS computation
Numerator:
Net income	$	37,883	$	23,382
Net loss attributable to non-controlling interest		—		1,881
Net income attributable to Dean Foods Company	$	37,883	$	25,263
Denominator:
Average common shares — basic		184,104,804		182,817,066
Stock option conversion(1)		42,301		8,406
Stock units(2)		800,576		467,405
Average common shares — diluted		184,947,681		183,292,877
Diluted EPS attributable to Dean Foods Company	$	0.20	$	0.14

(1) Anti-dilutive common shares excluded 18,571,275 21,628,925

(2) Anti-dilutive stock units excluded 421,509 464,217