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GEOGRAPHIC INFORMATION
6 Months Ended
Jun. 30, 2011
GEOGRAPHIC INFORMATION

NOTE 13 – GEOGRAPHIC INFORMATION

Management has determined that we have two reportable segments, United States (which includes Puerto Rico) and Foreign Countries. Revenues are attributed to countries based on the location of customers. Inter-company revenues recorded by the United States for work performed in Canada, which are immaterial, 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 reporting segments.

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

 

In thousands

 
     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2011      2010      2011      2010  

Regulated waste management services

   $ 273,828       $ 236,575       $ 528,635       $ 465,665   

Regulated returns and recall management services

     26,903         25,415         62,708         51,703   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenue

     300,731         261,990         591,343         517,368   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net interest expense

     10,848         7,407         20,533         15,020   

Income before income taxes

     72,987         69,601         145,288         134,361   

Income taxes

     26,943         25,806         56,093         49,749   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Stericycle, Inc.

   $ 46,044       $ 43,795       $ 89,195       $ 84,612   
  

 

 

    

 

 

    

 

 

    

 

 

 

Depreciation and amortization

   $ 10,183       $ 8,690       $ 19,632       $ 17,386   

Detailed information for our Foreign Countries reporting segment is as follows:

 

In thousands

 
     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2011      2010      2011      2010  

Regulated waste management services

   $ 109,710       $ 85,744       $ 217,224       $ 165,543   

Net interest expense

     2,096         1,431         3,599         2,701   

Income before income taxes

     15,198         14,267         33,859         26,753   

Income taxes

     5,352         4,296         10,578         8,965   

Net income

     9,846         9,971         23,281         17,788   

Net income attributable to noncontrolling interests

     348         672         1,260         1,187   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Stericycle, Inc.

   $ 9,498       $ 9,299       $ 22,021       $ 16,601   
  

 

 

    

 

 

    

 

 

    

 

 

 

Depreciation and amortization

   $ 5,768       $ 3,927       $ 11,422       $ 7,620