NOTE 18 – SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table summarizes our unaudited consolidated quarterly results of operations as reported for 2016 and 2015:

In thousands, except per share data
	First Quarter 2016			Second Quarter 2016			Third Quarter 2016			Fourth Quarter 2016			Year 2016
Revenues	$	874,181		$	891,621		$	890,144		$	906,396		$	3,562,342
Gross profit		369,184			381,095			379,260			372,415			1,501,954
Amortization expenses		(18,274	)		(50,909	)		(33,128	)		(26,989	)		(129,300	)
Acquisition expenses		(2,990	)		(2,607	)		(2,265	)		(1,784	)		(9,646	)
Integration expenses		(19,268	)		(22,578	)		(19,162	)		(26,579	)		(87,587	)
Litigation and professional services expenses		(1,300	)		(2,664	)		(1,481	)		(7,459	)		(12,904	)
Change in fair value of contingent consideration		2,644			—			(559	)		(34	)		2,051
Plant conversion expenses		(241	)		(929	)		(487	)		(2,329	)		(3,986	)
Contract exit costs (1)		—			(12,708	)		(10,110	)		(1,187	)		(24,005	)
Asset impairment charges (2)		—			—			(4	)		(28,468	)		(28,472	)
Net income attributable to Stericycle, Inc.		76,786			46,034			64,795			18,744			206,359
Net income attributable to Stericycle, Inc. common shareholders		66,680			37,293			61,536			12,721			178,230
* Basic earnings per common share	$	0.79		$	0.44		$	0.72		$	0.15		$	2.10
* Diluted earnings per common share	$	0.78		$	0.43		$	0.72		$	0.15		$	2.08

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
Amortization expenses		(8,797	)		(8,921	)		(9,239	)		(18,541	)		(45,498	)
Acquisition expenses		(3,296	)		(2,986	)		(33,674	)		818			(39,138	)
Integration expenses		(8,886	)		(8,924	)		(13,447	)		(20,432	)		(51,689	)
Litigation expenses (3)		(75,623	)		173			16,444			(645	)		(59,651	)
Change in fair value of contingent consideration		675			(35	)		—			—			640
Restructuring and plant conversion expenses		(12,302	)		(3,058	)		(2,721	)		(4,667	)		(22,748	)
Asset impairment charges		—			—			—			(1,781	)		(1,781	)
Net income attributable to Stericycle, Inc.		28,940			87,830			69,449			80,827			267,046
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

(1)

2016 charges incurred to exit some of the contracts in our UK patient transport services business

(2)

Q4 2016 charges mostly from write-down of certain assets in the UK either sold for a loss or classified as assets held for sale

(3)

Q1 2015 expenses mostly due to the $28.5 million settlement of the Qui Tam Action and the $28.2 million settlement of the Junk Fax Lawsuit

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