(LOSS) EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2020

NOTE 7 – (LOSS) EARNINGS PER COMMON SHARE

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

In millions, except per share data
	Three Months Ended March 31,
	2020			2019
Numerator:
Net loss attributable to Stericycle, Inc.	$	(20.1	)	$	(37.8	)
Numerator for basic loss per share attributable to Stericycle, Inc. common shareholders	$	(20.1	)	$	(37.8	)
Denominator:
Denominator for basic loss per share - weighted average shares		91.3			90.7
Effect of dilutive securities:
Stock-based compensation awards		-			-
Denominator for diluted (loss) earnings per share - adjusted weighted average shares and after assumed exercises		91.3			90.7
(Loss) earnings per share – Basic	$	(0.22	)	$	(0.42	)
(Loss) earnings per share – Diluted	$	(0.22	)	$	(0.42	)

In periods of net loss, options, RSUs, and PSUs are anti-dilutive and therefore excluded from the earnings per share calculation.

There were 3,644 outstanding options to purchase common shares that were anti-dilutive and excluded from the first quarter earnings per share calculation as of March 31, 2020 compared to 4,888 as of March 31, 2019.

There were 183 outstanding RSUs that were anti-dilutive and excluded from the earnings per share calculation for the three months ended March 31, 2020 compared to 412 for the three months ended March 31, 2019.

PSUs are offered to key employees and are subject to achievement of specified performance conditions. Contingently issuable shares are excluded from the computation of diluted earnings per share if, based on current period results, the shares would not be issuable if the end of the reporting period were the end of the contingency period. If such goals are not met, no compensation expense is recognized, and any previously recognized compensation expense is reversed.