1
Exhibit 11
Dean Foods Company
Basic and Diluted Earnings per Share
Three Months Ended February 22, 1998 and February 23, 1997
(In thousands, except per share amounts)
Three Months Ended
------------------
February 22, February 23,
1998 1997
------------ ------------
Net Income $24,995 $20,635
======= =======
EARNINGS PER COMMON SHARE - BASIC
- ---------------------------------
Weighted average common shares outstanding 40,643 40,181
======= =======
Net earnings per share - Basic $ .61 $ .51
======= =======
EARNINGS PER COMMON SHARE - DILUTED
- -----------------------------------
Weighted average common shares outstanding 40,643 40,181
Plus incremental shares from assumed
conversions of stock options 1,054 222
------- -------
Adjusted weighted average shares 41,697 40,403
======= =======
Net earnings per share - Diluted $ .60 $ .51
======= =======