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Previous: SUIZA FOODS CORP, 10-Q, EX-10.3, 2000-11-13 |
Next: SUIZA FOODS CORP, 10-Q, EX-27, 2000-11-13 |
<PAGE> 1
EXHIBIT 11
EXHIBIT 11 - STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
SUIZA FOODS CORPORATION
(In thousands, except share and per-share amounts)
<TABLE>
<CAPTION>
Three Months ended Nine Months ended
September 30, September 30,
----------------------------- -----------------------------
2000 1999 2000 1999
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
Basic EPS computation:
Numerator:
Income before extraordinary items $ 31,189 $ 30,449 $ 85,316 $ 83,468
----------- ----------- ----------- -----------
Income applicable to common stock $ 31,189 $ 30,449 $ 85,316 $ 83,468
=========== =========== =========== ===========
Denominator:
Average common shares 27,623,928 33,665,788 28,530,656 33,679,515
=========== =========== =========== ===========
Basic EPS before extraordinary items $ 1.13 $ 0.90 $ 2.99 $ 2.48
=========== =========== =========== ===========
Diluted EPS calculation:
Numerator:
Income before extraordinary items $ 31,189 $ 30,449 $ 85,316 $ 83,468
Net effect on earnings from conversion of mandatorily
redeemable convertible preferred securities 5,331 5,980 16,001 17,942
----------- ----------- ----------- -----------
Income applicable to common stock $ 36,520 $ 36,429 $ 101,317 $ 101,410
=========== =========== =========== ===========
Denominator:
Average common shares - basic 27,623,928 33,665,788 28,530,656 33,679,515
Stock option conversion 906,601 879,896 832,882 995,898
Dilutive effect of conversion of manditorily
redeemable convertible preferred securities 7,667,183 9,096,105 7,698,814 9,096,123
----------- ----------- ----------- -----------
Average common shares - diluted 36,197,712 43,641,789 37,062,352 43,771,536
=========== =========== =========== ===========
Diluted EPS before extraordinary items $ 1.01 $ 0.83 $ 2.73 $ 2.32
=========== =========== =========== ===========
</TABLE>
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