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EARNINGS PER COMMON SHARE (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Common Share

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

 

In millions, except per share data

 

 

Three Months Ended March 31,

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

Net income attributable to Stericycle, Inc.

$

22.5

 

 

$

58.2

 

Mandatory convertible preferred stock dividend

 

(8.8

)

 

 

(9.4

)

Gain on repurchase of preferred stock

 

7.3

 

 

 

4.6

 

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

$

21.0

 

 

$

53.4

 

Denominator:

 

 

 

 

 

 

 

Denominator for basic earnings per share - weighted average shares

 

85.5

 

 

 

85.2

 

Effect of dilutive securities:

 

 

 

 

 

 

 

Stock-based compensation awards

 

0.3

 

 

 

0.4

 

Mandatory convertible preferred stock (1)

 

-

 

 

 

-

 

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

 

85.8

 

 

 

85.6

 

Earnings per share – Basic

$

0.25

 

 

$

0.63

 

Earnings per share – Diluted

$

0.25

 

 

$

0.62

 

 

(1)

For the three months ended March 31, 2018 and 2017, the weighted average common shares (in thousands) issuable upon the assumed conversion of the mandatory convertible preferred stock totaling 4,903, and 5,264, respectively, were excluded from the computation of diluted earnings per share as such conversion would have been anti-dilutive.