1 Exhibit 11 Dean Foods Company Computation of Basic and Diluted Income Per Share --------------------------------------------------- (In thousands, except for per share amounts) Three Months Ended ------------------------------- August 30, August 24, 1998 1997 ------------- ------------ Income from Continuing Operations $ 22,913 $ 24,308 Loss from Discontinued Operations (1,741) (2,761) ---------- ---------- Net Income $ 21,172 $ 21,547 ========== ========== BASIC INCOME (LOSS) PER SHARE: Income from Continuing Operations $ .57 $ .60 Loss from Discontinued Operations (.04) (.07) ---------- ---------- Net Income $ .53 $ .53 ========== ========== Weighted average common shares outstanding 40,023 40,427 ========== ========== DILUTED INCOME (LOSS) PER SHARE: Income from Continuing Operations $.56 $ .59 Loss from Discontinued Operations (.04) (.07) ---------- ---------- Net Income $ .52 $ .52 ========== ========== Adjusted weighted average common shares* 40,983 41,224 ========== ========== * Includes weighted average number of potential common shares outstanding. Potential common shares consist solely of the outstanding options under the Company's stock option plan.