Exhibit 11
STERICYCLE, INC. AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
For the three For the nine
months ended months ended
September 30, September 30,
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1995 1996 1995 1996
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Weighted average common shares
outstanding 5,605,495 7,668,295 5,605,495 6,663,738
Assumed conversion of Safeway note 98,001 98,001 98,001 98,001
Common stock equivalents pursuant to
SAB No. 83:
Net effect of stock options and warrants
issued within one year of initial filing
(June 11, 1996) - based on the treasury
stock method 1,271,324 436,259 1,271,324 640,177
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Total 6,974,820 8,202,555 6,974,820 7,401,916
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Net loss ($874) ($486) ($3,750) ($1,580)
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Per share amount ($0.13) ($0.06) ($0.54) ($0.21)
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