PRODUCTS AND SERVICES AND GEOGRAPHIC INFORMATION

12 Months Ended

Dec. 31, 2011

PRODUCTS AND SERVICES AND GEOGRAPHIC INFORMATION

NOTE 15—PRODUCTS AND SERVICES AND GEOGRAPHIC INFORMATION

FASB ASC Topic 280 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 International Waste Management Services (“International”), Domestic Regulated Waste Management Services (“United States”) and Domestic Returns and Recall Management Services. We have aggregated Domestic Regulated Waste Management Services and Domestic Returns and Recall Management Services into one reportable segment, United States, based on our consideration of the following aggregation criteria:

• they have similar economic characteristics;

• the same services are provided;

• the same types of customers are serviced;

• the same types of waste collection, transportation and treatment methods are utilized;

• their regulatory environments are similar, but vary based upon country specific regulations; and

• they employ the same sales and marketing techniques and activities.

Our two reportable segments are United States (which includes Puerto Rico) and International. Summary information for our reportable segments is as follows:

In thousands
	2011		2010		2009
Revenues:
United States	$	1,212,111	$	1,083,565	$	912,594
Europe		252,620		199,304		158,577
Other international countries		211,317		156,519		106,565
Total International		463,937		355,823		265,142
Total	$	1,676,048	$	1,439,388	$	1,177,736
Income before income taxes:
United States	$	316,156	$	277,486	$	232,077
International		56,168		54,367		45,611
Total	$	372,324	$	331,853	$	277,688
Total assets:
United States	$	2,208,152	$	1,919,424	$	1,453,546
International		968,938		719,599		729,257
Total	$	3,177,090	$	2,639,023	$	2,182,803
Property, Plant and Equipment, net:
United States	$	197,118	$	188,936	$	184,089
Europe		52,604		38,833		32,592
Other international countries		44,190		40,202		29,473
Total International		96,794		79,035		62,065
Total	$	293,912	$	267,971	$	246,154

Revenues are attributed 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 reporting segments.

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

In thousands
	2011		2010		2009
Regulated waste management services	$	1,094,928	$	957,398	$	842,479
Regulated returns and recall management services		117,183		126,167		70,115
Total revenues		1,212,111		1,083,565		912,594
Net interest expense		40,048		31,079		28,852
Income before income taxes		316,156		277,486		232,077
Income taxes		119,982		105,065		88,113
Net income attributable to Stericycle, Inc.	$	196,174	$	172,421	$	143,964
Depreciation and amortization	$	40,689	$	35,769	$	29,424
Capital expenditures		36,270		33,737		29,479

Detailed information for our International reporting segment is as follows:

In thousands
	2011		2010		2009
Regulated waste management services revenue	$	463,937	$	355,823	$	265,142
Net interest expense		8,584		5,736		5,280
Income before income taxes		56,168		54,367		45,611
Income taxes		14,999		16,331		13,186
Net income		41,169		38,036		32,425
Less: net income attributable to noncontrolling interests		2,592		2,578		698
Net income attributable to Stericycle, Inc.	$	38,577	$	35,458	$	31,727
Depreciation and amortization	$	25,357	$	18,116	$	10,566
Capital expenditures		17,031		14,583		10,431