EARNINGS (LOSS) PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Earnings (Loss) Per Common Share

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

In millions, except per share data
	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Numerator:
Net income (loss) attributable to Stericycle, Inc.	$	27.7		$	(144.0	)	$	50.2		$	(85.8	)
Mandatory convertible preferred stock dividend		(8.3	)		(9.2	)		(17.1	)		(18.6	)
Gain on repurchase of preferred stock		7.2			4.4			14.5			9.0
Numerator for basic earnings (loss) per share attributable to Stericycle, Inc. common shareholders	$	26.6		$	(148.8	)	$	47.6		$	(95.4	)
Denominator:
Denominator for basic earnings (loss) per share - weighted average shares		85.6			85.3			85.6			85.2
Effect of dilutive securities:
Stock-based compensation awards		0.2			-			0.2			-
Mandatory convertible preferred stock (1)		-			-			-			-
Denominator for diluted earnings (loss) per share - adjusted weighted average shares and after assumed exercises		85.8			85.3			85.8			85.2
Earnings (loss) per share – Basic	$	0.31		$	(1.74	)	$	0.56		$	(1.12	)
Earnings (loss) per share – Diluted (2)	$	0.31		$	(1.74	)	$	0.55		$	(1.12	)

₍₁₎ The weighted average common shares (in thousands) issuable upon the assumed conversion of the mandatory convertible preferred stock totaling 4,765 and 5,151 for the three months ended June 30, 2018 and 2017, respectively, and 4,833 and 5,207 for the six months ended June 30, 2018 and2017, respectively, were excluded from the computation of diluted earnings (loss) per share as such conversion would have been anti-dilutive.

₍₂₎ Due to the net loss for the three and six months ended June 30, 2017, dilutive loss per share is the same as basic.