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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
The following table summarizes our unaudited consolidated quarterly results of operations as reported for 2013 and 2012:
In thousands, except per share data
 
 
First
Quarter
2013
 
Second
Quarter
2013
 
Third
Quarter
2013
 
Fourth
Quarter
2013
 
Year
2013
Revenues
 
$
513,804

 
$
526,525

 
$
534,579

 
$
567,899

 
$
2,142,807

Gross profit
 
232,094

 
237,852

 
241,403

 
253,285

 
964,634

Acquisition expenses
 
(1,803
)
 
(2,324
)
 
(2,111
)
 
(4,037
)
 
(10,275
)
Integration expenses
 
(896
)
 
(1,383
)
 
(1,423
)
 
(2,819
)
 
(6,521
)
Change in fair value of contingent consideration
 
—

 
122

 
185

 
1,971

 
2,278

Restructuring costs and plant closure expense
 
—

 
(104
)
 
(364
)
 
(2,012
)
 
(2,480
)
Impairment of intangible assets
 
—

 
—

 
—

 
(1,405
)
 
(1,405
)
Litigation settlement
 
(106
)
 
2

 
(12
)
 
(2,120
)
 
(2,236
)
Net income attributable to Stericycle, Inc.
 
74,617

 
78,044

 
80,547

 
78,164

 
311,372

* Basic earnings per common share
 
$
0.87

 
$
0.91

 
$
0.94

 
$
0.91

 
$
3.62

* Diluted earnings per common share
 
$
0.85

 
$
0.89

 
$
0.92

 
$
0.90

 
$
3.56

In thousands, except per share data
 
 
First
Quarter
2012
 
Second
Quarter
2012
 
Third
Quarter
2012
 
Fourth
Quarter
2012
 
Year
2012
Revenues
 
$
460,077

 
$
468,950

 
$
480,484

 
$
503,638

 
$
1,913,149

Gross profit
 
205,307

 
209,488

 
215,554

 
226,956

 
857,305

Acquisition expenses
 
(1,539
)
 
(2,207
)
 
(2,467
)
 
(1,707
)
 
(7,920
)
Integration expenses
 
(1,279
)
 
(1,044
)
 
(1,217
)
 
(1,356
)
 
(4,896
)
Change in fair value of contingent consideration
 
(1,204
)
 
602

 
11

 
(161
)
 
(752
)
Restructuring costs and plant closure expense
 
(86
)
 
(1,064
)
 
(2,250
)
 
(1,933
)
 
(5,333
)
Litigation settlement
 
—

 
—

 
—

 
(6,050
)
 
(6,050
)
Loss on sale of business
 
—

 
—

 
(4,867
)
 
—

 
(4,867
)
Net income attributable to Stericycle, Inc.
 
64,857

 
67,593

 
65,477

 
70,069

 
267,996

* Basic earnings per common share
 
$
0.76

 
$
0.79

 
$
0.76

 
$
0.82

 
$
3.14

* Diluted earnings per common share
 
$
0.75

 
$
0.78

 
$
0.75

 
$
0.80

 
$
3.08

 
*
EPS calculated on a quarterly basis, and, as such, the amounts may not total the calculated full-year EPS.