SUIZA FOODS CORPORATION
EXHIBIT 11 - Statement re computation of per share earnings
For the three For the three
Months ended Months ended
March 31, March 31,
1996 1997
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(In thousands, except share
and per-share amounts)
Income(loss) before extraordinary items $ 383 $ 15,442
Extraordinary loss 0 (3,270)
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Net income (loss) $ 383 $ 12,172
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Calculation of primary earnings (loss) per share:
Weighted average shares outstanding 6,313,479 13,763,718
Common stock equivalents (options & warrants) 639,652 980,422
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Total weighted average shares outstanding 6,953,131 14,744,140
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Income (loss) before extraordinary items $ 0.06 $ 1.05
Extraordinary loss 0.00 (0.22)
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Net income (loss) $ 0.06 $ 0.83
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Calculation of fully diluted earnings (loss) per share:
Weighted average shares outstanding 6,313,479 13,763,718
Common stock equivalents (options & warrants) 674,283 1,056,942
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Total weighted average shares outstanding 6,987,762 14,820,660
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Income (loss) before extraordinary items $ 0.05 $ 1.04
Extraordinary loss 0.00 (0.22)
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Net income (loss) $ 0.05 $ 0.82
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