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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Summary of Unaudited Consolidated Quarterly Results of Operations
The following table summarizes our unaudited consolidated quarterly results of operations as reported for 2014 and 2013:
In thousands, except per share data
 
 
First
Quarter
2014
 
Second
Quarter
2014
 
Third
Quarter
2014
 
Fourth
Quarter
2014
 
Year
2014
Revenues
 
$
569,955

 
$
640,822

 
$
667,877

 
$
676,947

 
$
2,555,601

Gross profit
 
255,469

 
275,304

 
278,669

 
284,969

 
1,094,411

Acquisition expenses
 
(3,221
)
 
(3,979
)
 
(3,472
)
 
(2,661
)
 
(13,333
)
Integration expenses
 
(2,485
)
 
(4,679
)
 
(7,461
)
 
(11,343
)
 
(25,968
)
Change in fair value of contingent consideration
 
(4,789
)
 
836

 

 
5,405

 
1,452

Plant conversion and restructuring expenses
 
(574
)
 
(1,115
)
 
(2,380
)
 
(10,495
)
 
(14,564
)
Litigation expenses
 
(1,505
)
 
(396
)
 
(1,342
)
 
(3,331
)
 
(6,574
)
Net income attributable to Stericycle, Inc.
 
79,149

 
81,936

 
82,845

 
82,526

 
326,456

* Basic earnings per common share
 
$
0.93

 
$
0.97

 
$
0.98

 
$
0.97

 
$
3.84

* Diluted earnings per common share
 
$
0.91

 
$
0.95

 
$
0.96

 
$
0.96

 
$
3.79

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
)
 
(787
)
 
(2,012
)
 
(2,903
)
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

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