PRODUCTS AND SERVICES AND GEOGRAPHIC INFORMATION

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

PRODUCTS AND SERVICES AND GEOGRAPHIC INFORMATION

PRODUCTS AND SERVICES AND GEOGRAPHIC INFORMATION

The FASB Accounting Standards Codification Topic 280, Segment Reporting, requires segment information to be reported based on information utilized by executive management to internally assess performance and make operating decisions. We have determined that we have three operating segments based on the organizational structure of our company and information reviewed. These operating segments are Domestic Regulated and Compliance Services, Domestic Regulated Recall and Returns Management Services, and International Regulated and Compliance Services ("International"). We have aggregated Domestic Regulated and Compliance Services, and Domestic Regulated Recall and Returns Management Services into one reportable segment, ("United States"), based on our consideration of the following aggregation criteria:

• the long term economics

• the nature of the products and services

• the nature of the production processes

• the type or class of customer for their products and services

• the methods used to distribute their products or provide their services

• the nature of the regulatory environment.

Management has determined that we have two reportable segments, United States (which includes Puerto Rico) and International. Revenues are attributed to countries based on the location of customers. The same accounting principles and critical accounting policies are used in the preparation of the financial statements for both reportable segments. Summary information for our reportable segments is as follows:

In thousands
	Years Ended December 31,
	2014		2013		2012
Revenues:
United States	$	1,796,796	$	1,506,587	$	1,370,806
International:
Europe	407,082		341,387		301,615
Other international countries	351,723		294,833		240,728
Total International	758,805		636,220		542,343
Total	$	2,555,601	$	2,142,807	$	1,913,149
Income before income taxes:
United States	$	436,229	$	404,620	$	359,748
International	51,339		73,126		57,449
Total	$	487,568	$	477,746	$	417,197
Total assets:
United States	$	3,008,547	$	2,541,323	$	2,427,297
International	1,393,175		1,346,650		1,119,441
Total	$	4,401,722	$	3,887,973	$	3,546,738
Property, Plant and Equipment, net:
United States	$	297,558	$	214,810	$	207,387
International:
Europe	70,621		74,915		64,690
Other international countries	92,229		69,242		63,793
Total International	162,850		144,157		128,483
Total	$	460,408	$	358,967	$	335,870

Revenues are attributable to countries based on the location of customers. Intercompany revenues recorded by the United States for work performed in Canada are eliminated prior to reporting United States revenues. The same accounting principles and critical accounting policies are used in the preparation of the financial statements for both reportable segments.

Detailed information for our United States reportable segment is as follows:

In thousands
	Years Ended December 31,
	2014		2013		2012
Regulated and compliance solutions	$	1,715,437	$	1,408,812	$	1,254,486
Recall and returns solutions	81,359		97,775		116,320
Total revenue	$	1,796,796	$	1,506,587	$	1,370,806
Net interest expense	44,926		43,131		41,084
Income before income taxes	436,229		404,620		359,748
Income taxes	161,672		152,874		138,807
Net income attributable to Stericycle, Inc.	$	274,557	$	251,746	$	220,941
Depreciation and amortization	$	59,888	$	50,166	$	45,234
Capital expenditures	57,019		43,442		38,528

Detailed information for our International reportable segment is as follows:

In thousands
	Years Ended December 31,
	2014			2013		2012
Regulated and compliance solutions	$	758,805		$	636,220	$	542,343
Net interest expense	21,096			11,818		10,186
Income before income taxes	51,339			73,126		57,449
Income taxes	(2,250		)	11,788		8,449
Net income	53,589			61,338		49,000
Less: net income attributable to noncontrolling interests	1,690			1,712		1,945
Net income attributable to Stericycle, Inc.	$	51,899		$	59,626	$	47,055
Depreciation and amortization	$	44,728		$	38,242	$	31,049
Capital expenditures	29,477			29,667		26,708