(LOSS) EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net loss attributable to Stericycle, Inc. common shareholders	$	(81.2)	$	(59.2)	$	(105.8)	$	(127.5)
Numerator for basic loss per share attributable to Stericycle, Inc. common shareholders	$	(81.2)	$	(59.2)	$	(105.8)	$	(127.5)
Denominator:
Denominator for basic loss per share - weighted average shares	91.5		91.1		91.4		91.0
Effect of dilutive securities:
Denominator for diluted (loss) earnings per share - adjusted weighted average shares after assumed exercises	91.5		91.1		91.4		91.0
Loss per share – Basic	$	(0.89)	$	(0.65)	$	(1.16)	$	(1.40)
Loss per share – Diluted	$	(0.89)	$	(0.65)	$	(1.16)	$	(1.40)

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


In thousands
	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2019	2020	2019
Options excluded from computation of diluted loss per share.	2,691	4,469	3,190	4,663
RSUs excluded from computation of diluted loss per share.	278	335	281	239

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.