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Exhibit 11
Dean Foods Company
Computation of Basic and Diluted Income Per Share
(In thousands, except for per share amounts)
Third Quarter Ended Nine Months Ended
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February 27, February 28 ,February 27, February 28,
2000 1999 2000 1999
-------- -------- ---------- -----------
Income from Continuing Operations $ 25,177 $ 3,280 $ 80,022 $ 49,547
Loss from Discontinued Operations -- -- -- (2,929)
Gain on Sale of Discontinued Operations -- -- 83,820
-------- -------- ---------- -----------
Net Income $ 25,177 $ 3,280 $ 80,022 $ 130,438
======== ======== ========== ===========
BASIC INCOME (LOSS) PER SHARE:
Income from Continuing Operations $ .67 $ .08 $ 2.07 $ 1.23
Loss from Discontinued Operations -- -- (.07)
Gain on Sale of Discontinued Operations -- -- -- 2.10
-------- -------- ---------- -----------
Net Income $ .67 $ .08 $ 2.07 $ 3.26
======== ======== ========== ===========
Weighted average common shares outstanding 37,335 40,245 38,584 39,998
======== ======== ========== ===========
DILUTED INCOME (LOSS) PER SHARE:
Income from Continuing Operations $ .67 $ .08 $ 2.05 $ 1.22
Loss from Discontinued Operations -- -- (.07)
Gain on Sale of Discontinued Operations -- -- 2.05
-------- -------- ---------- -----------
Net Income $ .67 $ .08 $ 2.05 $ 3.20
======== ======== ========== ===========
Adjusted weighted average common shares* 37,652 40,737 39,094 40,733
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* 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.
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