XML 55 R45.htm IDEA: XBRL DOCUMENT v3.5.0.2
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 for 2015 and 2014:

 

In thousands, except per share data

 

 

 

First

Quarter

2015

(Restated)

 

 

Second

Quarter

2015

(Restated)

 

 

Third

Quarter

2015

(Restated)

 

 

Fourth

Quarter

2015

(Restated)

 

 

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

 

 

(75,623

)

 

 

173

 

 

 

16,444

 

 

 

(645

)

 

 

(59,651

)

Net income attributable to Stericycle, Inc.

 

 

28,940

 

 

 

87,830

 

 

 

69,449

 

 

 

80,827

 

 

 

267,046

 

Mandatory convertible preferred stock

 

 

 

 

 

 

 

 

 

 

 

(10,106

)

 

 

(10,106

)

Net income attributable to Stericycle, Inc. common shareholders

 

 

28,940

 

 

 

87,830

 

 

 

69,449

 

 

 

70,721

 

 

 

256,940

 

* Basic earnings per common share

 

 

0.34

 

 

 

1.03

 

 

 

0.82

 

 

 

0.83

 

 

 

3.02

 

* Diluted earnings per common share

 

 

0.34

 

 

 

1.02

 

 

 

0.81

 

 

 

0.82

 

 

 

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.