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EARNINGS PER COMMON SHARE (Tables)
3 Months Ended
Mar. 31, 2017
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

 

 

Three Months Ended March 31,

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

Net income attributable to Stericycle, Inc.

$

58,189

 

 

$

76,786

 

Mandatory convertible preferred stock dividend

 

9,364

 

 

 

10,106

 

Gain on repurchase of preferred stock

 

(4,563

)

 

 

 

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

$

53,388

 

 

$

66,680

 

Denominator:

 

 

 

 

 

 

 

Denominator for basic earnings per share - weighted average shares

 

85,220,228

 

 

 

84,705,000

 

Effect of diluted securities:

 

 

 

 

 

 

 

Dilutive effect of stock-based compensation awards

 

352,181

 

 

 

1,140,501

 

Mandatory convertible preferred stock (a)

 

 

 

 

 

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

 

85,572,409

 

 

 

85,845,501

 

Earnings per share – Basic

$

0.63

 

 

$

0.79

 

Earnings per share – Diluted

$

0.62

 

 

$

0.78