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EARNINGS PER COMMON SHARE (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per share:

 

In thousands, except share and per share data

 

 

Years Ended December 31,

 

 

2016

 

 

2015

 

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Stericycle, Inc.

$

206,359

 

 

$

267,046

 

 

$

326,456

 

Mandatory convertible preferred stock dividend

 

39,414

 

 

 

10,106

 

 

 

—

 

Gain on repurchase of preferred stock

 

(11,285

)

 

 

—

 

 

 

—

 

Numerator for basic earnings per share attributable to Stericycle, Inc. common shareholders

 

178,230

 

 

 

256,940

 

 

 

326,456

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share - weighted average shares

 

84,932,402

 

 

 

84,944,841

 

 

 

84,932,792

 

Effect of diluted securities:

 

 

 

 

 

 

 

 

 

 

 

Employee stock options

 

677,817

 

 

 

1,217,768

 

 

 

1,300,820

 

Mandatory convertible preferred stock (1)

 

—

 

 

 

—

 

 

 

—

 

Denominator for diluted earnings per share - adjusted weighted average shares and after assumed exercises

 

85,610,219

 

 

 

86,162,609

 

 

 

86,233,612

 

Earnings per share – Basic

$

2.10

 

 

$

3.02

 

 

$

3.84

 

Earnings per share – Diluted

$

2.08

 

 

$

2.98

 

 

$

3.79

 

 

(1)

In 2016, the weighted average common shares issuable upon the assumed conversion of the mandatory convertible preferred stock totaling 5,528,257 shares were excluded from the computation of diluted earnings per share as such conversion would have been anti-dilutive.