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(LOSS) EARNINGS PER COMMON SHARE (Tables)
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
(Loss) Earnings Per Common Share

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

In millions, except per share data

 

 

Years Ended December 31,

 

 

2018

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to Stericycle, Inc.

$

(244.7

)

 

$

42.4

 

 

$

206.3

 

Mandatory convertible preferred stock dividend

 

(25.5

)

 

 

(36.3

)

 

 

(39.4

)

Gain on repurchase of preferred stock

 

16.9

 

 

 

17.3

 

 

 

11.3

 

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

$

(253.3

)

 

$

23.4

 

 

$

178.2

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic (loss) earnings per share - weighted average shares (1)

 

87.1

 

 

 

85.3

 

 

 

84.9

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation awards (2)

 

-

 

 

 

0.3

 

 

 

0.7

 

Mandatory convertible preferred stock (3)

 

-

 

 

 

-

 

 

 

-

 

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

 

87.1

 

 

 

85.6

 

 

 

85.6

 

(Loss) earnings per share – Basic

$

(2.91

)

 

$

0.27

 

 

$

2.10

 

(Loss) earnings per share – Diluted

$

(2.91

)

 

$

0.27

 

 

$

2.08

 

 

(1)

For the year ended December 31, 2018, the denominator for basic (loss) earnings per share includes 1.4 million shares representing the weighted-average impact of the common shares outstanding as a result of the Series A Preferred Stock conversion on September 14, 2018.

 

(2)

In 2018 options to purchase shares (in thousands) of 124, were excluded from the computation of diluted (loss) earnings per share due to the net loss incurred for the year.

 

(3)

In 2018, 2017, and 2016, the weighted average common shares (in thousands) issuable upon the assumed conversion of the Series A Preferred Stock totaling 3,367, 5,104, and 5,528, respectively, were excluded from the computation of diluted (loss) earnings per share as such conversion would have been anti-dilutive.