Stock Repurchases, Dividends and Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Stock repurchase activity

Stock repurchase activity during the nine months endedSeptember 30, 2016 and 2015 follows (in millions except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Number of shares repurchased	2.2		2.3		6.5		7.3
Amount paid	$	110.5	$	93.8	$	306.6	$	293.3
Weighted average cost per share	$	50.75	$	40.89	$	47.83	$	40.66

Earnings per share

Earnings per share for the three and nine months ended September 30, 2016 and 2015 are calculated as follows (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Basic earnings per share:
Net income attributable to Republic Services, Inc.	$	85,600	$	215,000	$	423,100	$	577,700
Weighted average common shares outstanding	342,611		348,935		343,968		350,966
Basic earnings per share	$	0.25	$	0.62	$	1.23	$	1.65
Diluted earnings per share:
Net income attributable to Republic Services, Inc.	$	85,600	$	215,000	$	423,100	$	577,700
Weighted average common shares outstanding	342,611		348,935		343,968		350,966
Effect of dilutive securities:
Options to purchase common stock	1,040		1,196		1,097		1,271
Unvested RSU awards	204		136		172		127
Unvested PSU awards	125		14		82		8
Weighted average common and common equivalent shares outstanding	343,980		350,281		345,319		352,372
Diluted earnings per share	$	0.25	$	0.61	$	1.23	$	1.64
Antidilutive securities not included in the diluted earnings per share calculations:
Options to purchase common stock	—		9		—		14