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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2015
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 2015 and 2014:
In thousands, except per share data
 
 
First
Quarter
2015
 
Second
Quarter
2015
 
Third
Quarter
2015
 
Fourth
Quarter
2015
 
Year
2015
Revenues
 
$
663,319

 
$
715,689

 
$
718,596

 
$
888,304

 
$
2,985,908

Gross profit
 
281,331

 
304,824

 
299,675

 
380,355

 
1,266,185

Acquisition expenses
 
(3,296
)
 
(2,986
)
 
(33,674
)
 
818

 
(39,138
)
Integration expenses
 
(8,886
)
 
(8,924
)
 
(13,447
)
 
(20,432
)
 
(51,689
)
Change in fair value of contingent consideration
 
675

 
(35
)
 

 

 
640

Impairment of intangible assets
 

 

 

 
(1,781
)
 
(1,781
)
Restructuring and plant conversion expenses
 
(12,302
)
 
(3,058
)
 
(2,721
)
 
(4,667
)
 
(22,748
)
Litigation expenses
 
(2,123
)
 
(44,827
)
 
(12,056
)
 
(645
)
 
(59,651
)
Net income attributable to Stericycle, Inc.
 
75,458

 
60,449

 
52,263

 
78,876

 
267,046

Mandatory convertible preferred stock
 

 

 

 
(10,106
)
 
(10,106
)
Net income attributable to Stericycle, Inc. common shareholders
 
75,458

 
60,449

 
52,263

 
68,770

 
256,940

* Basic earnings per common share
 
$
0.89

 
$
0.71

 
$
0.62

 
$
0.81

 
$
3.02

* Diluted earnings per common share
 
$
0.87

 
$
0.70

 
$
0.60

 
$
0.80

 
$
2.98

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

Restructuring and plant conversion 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

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