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EXHIBIT 11
STERICYCLE, INC. AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
(UNAUDITED)
FOR THE THREE FOR THE SIX
MONTHS ENDED MONTHS ENDED
JUNE 30, JUNE 30,
2000 1999 2000 1999
------------ ------------ ------------ ------------
Numerator:
Net Income $ 3,086 $ 2,560 $ 6,859 $ 4,987
Preferred stock dividends (633) -- (1,292) --
------------ ------------ ------------ ------------
Numerator for basic earnings
per share $ 2,453 $ 2,560 $ 5,567 $ 4,987
Effective of dilutive securities:
Preferred stock dividends 633 -- 1,292 --
------------ ------------ ------------ ------------
Numerator for diluted earnings
per share income available to
common shareholders after
assumed conversions $ 3,086 $ 2,560 $ 6,859 $ 4,987
------------ ------------ ------------ ------------
Denominator:
Denominator for basic earnings per share
Weighted average shares 14,792,602 14,546,201 14,784,264 13,811,646
Effective of dilutive securities:
Employee stock options 616,067 69,347 546,645 318,313
Warrants 149,058 263,137 133,578 79,735
Convertible preferred stock 4,359,572 -- 4,359,572 --
------------ ------------ ------------ ------------
Dilutive potential shares 5,124,697 332,483 5,039,795 398,047
Denominator for diluted earnings
per share adjusted weighted
average shares and assumed
conversions 19,917,299 14,878,684 19,824,059 14,209,693
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Earnings per share - Basic $ 0.17 $ 0.18 $ 0.38 $ 0.36
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- --Earnings per share - Diluted $ 0.15 $ 0.17 $ 0.35 $ 0.35
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