EX-11 2 ex11.txt COMPUTATION OF PER SHARE EARNINGS 1 EXHIBIT 11 STERICYCLE, INC. AND SUBSIDIARIES STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA) (UNAUDITED)
FOR THE THREE FOR THE SIX MONTHS ENDED MONTHS ENDED JUNE 30, JUNE 30, 2000 1999 2000 1999 ------------ ------------ ------------ ------------ Numerator: Net Income $ 3,086 $ 2,560 $ 6,859 $ 4,987 Preferred stock dividends (633) -- (1,292) -- ------------ ------------ ------------ ------------ Numerator for basic earnings per share $ 2,453 $ 2,560 $ 5,567 $ 4,987 Effective of dilutive securities: Preferred stock dividends 633 -- 1,292 -- ------------ ------------ ------------ ------------ Numerator for diluted earnings per share income available to common shareholders after assumed conversions $ 3,086 $ 2,560 $ 6,859 $ 4,987 ------------ ------------ ------------ ------------ Denominator: Denominator for basic earnings per share Weighted average shares 14,792,602 14,546,201 14,784,264 13,811,646 Effective of dilutive securities: Employee stock options 616,067 69,347 546,645 318,313 Warrants 149,058 263,137 133,578 79,735 Convertible preferred stock 4,359,572 -- 4,359,572 -- ------------ ------------ ------------ ------------ Dilutive potential shares 5,124,697 332,483 5,039,795 398,047 Denominator for diluted earnings per share adjusted weighted average shares and assumed conversions 19,917,299 14,878,684 19,824,059 14,209,693 ============ ============ ============ ============ Earnings per share - Basic $ 0.17 $ 0.18 $ 0.38 $ 0.36 ============ ============ ============ ============ --Earnings per share - Diluted $ 0.15 $ 0.17 $ 0.35 $ 0.35 ============ ============ ============ ============
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