Stock Repurchases, Dividends and Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2019

Stock repurchase activity during the three and six months ended June 30, 2019 and 2018 follows (in millions, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2019		2018		2019		2018
Number of shares repurchased	1.1		3.3		2.6		7.1
Amount paid	$	91.0	$	219.5	$	202.5	$	474.0
Weighted average cost per share	$	82.63	$	67.47	$	78.11	$	67.05

Earnings per share for the three and six months ended June 30, 2019 and 2018 are calculated as follows (in thousands, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2019		2018		2019		2018
Basic earnings per share:
Net income attributable to Republic Services, Inc.	$	251,500	$	234,900	$	485,700	$	472,600
Weighted average common shares outstanding	321,718		327,365		322,000		329,003
Basic earnings per share	$	0.78	$	0.72	$	1.51	$	1.44
Diluted earnings per share:
Net income attributable to Republic Services, Inc.	$	251,500	$	234,900	$	485,700	$	472,600
Weighted average common shares outstanding	321,718		327,365		322,000		329,003
Effect of dilutive securities:
Options to purchase common stock	432		810		469		858
Unvested RSU awards	240		202		234		231
Unvested PSU awards	375		453		406		421
Weighted average common and common equivalent shares outstanding	322,765		328,830		323,109		330,513
Diluted earnings per share	$	0.78	$	0.71	$	1.50	$	1.43