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SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Financial Information Concerning Company's Reportable Segments

The following tables show financial information for the Company's reportable segments: 

 

In thousands

 

 

 

Three Months Ended 

September 30,

 

 

Nine Months Ended 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic RCS

 

$

593,336

 

 

$

447,609

 

 

$

1,764,000

 

 

$

1,313,957

 

International RCS

 

 

226,067

 

 

 

195,088

 

 

 

685,060

 

 

 

583,666

 

Other

 

 

70,741

 

 

 

75,899

 

 

 

206,886

 

 

 

199,981

 

Total

 

$

890,144

 

 

$

718,596

 

 

$

2,655,946

 

 

$

2,097,604

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Profit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic RCS

 

$

274,054

 

 

$

203,136

 

 

$

807,029

 

 

$

605,014

 

International RCS

 

 

70,707

 

 

 

59,018

 

 

 

220,224

 

 

 

183,603

 

Other

 

 

34,499

 

 

 

37,521

 

 

 

102,286

 

 

 

97,213

 

Total

 

$

379,260

 

 

$

299,675

 

 

$

1,129,539

 

 

$

885,830

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic RCS

 

$

24,412

 

 

$

3,634

 

 

$

67,498

 

 

$

10,319

 

International RCS

 

 

6,754

 

 

 

3,551

 

 

 

28,892

 

 

 

10,973

 

Other

 

 

1,962

 

 

 

2,054

 

 

 

5,921

 

 

 

5,665

 

Total

 

$

33,128

 

 

$

9,239

 

 

$

102,311

 

 

$

26,957

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EBITA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic RCS

 

$

163,447

 

 

$

132,806

 

 

$

479,327

 

 

$

401,824

 

International RCS

 

 

14,028

 

 

 

21,749

 

 

 

40,929

 

 

 

69,978

 

Other

 

 

14,238

 

 

 

16,838

 

 

 

43,912

 

 

 

39,888

 

Total

 

$

191,713

 

 

$

171,393

 

 

$

564,168

 

 

$

511,690

 

 

Reconciliation of Company's Primary Measure of Segment Profitability (EBITA) to Income from Operations

 


The following table reconciles the Company's primary measure of segment profitability (EBITA) to income from operations:

 

In thousands

 

 

 

Three Months Ended 

September 30,

 

 

Nine Months Ended 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Domestic RCS EBITA

 

$

163,447

 

 

$

132,806

 

 

$

479,327

 

 

$

401,824

 

International RCS EBITA

 

 

14,028

 

 

 

21,749

 

 

 

40,929

 

 

 

69,978

 

Subtotal reportable segments

 

 

177,475

 

 

 

154,555

 

 

 

520,256

 

 

 

471,802

 

Other EBITA

 

 

14,238

 

 

 

16,838

 

 

 

43,912

 

 

 

39,888

 

Acquisition expenses

 

 

(2,265

)

 

 

(33,674

)

 

 

(7,862

)

 

 

(39,956

)

Integration expenses

 

 

(19,162

)

 

 

(13,447

)

 

 

(61,008

)

 

 

(31,257

)

Litigation expenses

 

 

(1,481

)

 

 

16,444

 

 

 

(5,445

)

 

 

(59,006

)

Changes in fair value of contingent consideration

 

 

(559

)

 

 

 

 

 

2,085

 

 

 

640

 

Restructuring and plant conversion expenses

 

 

(491

)

 

 

(2,721

)

 

 

(1,661

)

 

 

(18,081

)

Contract exit costs

 

 

(10,110

)

 

 

 

 

 

(22,818

)

 

 

 

Amortization expense

 

 

(33,128

)

 

 

(9,239

)

 

 

(102,311

)

 

 

(26,957

)

Income from operations

 

$

124,517

 

 

$

128,756

 

 

$

365,148

 

 

$

337,073

 

 

Summary of Revenue Details by Service Line

The following table shows consolidated revenue by service:

 

In thousands

 

 

 

Three Months Ended 

September 30,

 

 

Nine Months Ended 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Regulated Waste and Compliance Solutions

 

$

520,390

 

 

$

520,986

 

 

$

1,550,273

 

 

$

1,544,603

 

Secure Information Destruction Services

 

 

187,090

 

 

 

 

 

 

562,254

 

 

 

 

Communication and Related Solutions

 

 

87,486

 

 

 

93,158

 

 

 

257,984

 

 

 

247,579

 

Manufacturing and Industrial Services

 

 

95,178

 

 

 

104,452

 

 

 

285,435

 

 

 

305,422

 

Revenues

 

$

890,144

 

 

$

718,596

 

 

$

2,655,946

 

 

$

2,097,604