v2.4.0.6

Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

13. EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of common shares (including restricted stock and vested but unissued restricted stock units) outstanding during the period. Diluted earnings per share is based on the combined weighted average number of common shares and common share equivalents outstanding, which include, where appropriate, the assumed exercise of employee stock options, unvested restricted stock awards and unvested restricted stock units. In computing diluted earnings per share, we utilize the treasury stock method.

Earnings per share for the years ended December 31, 2011, 2010 and 2009 are calculated as follows (in thousands, except per share amounts):

		2011				2010				2009
Basic earnings per share:
Net income attributable to Republic Services, Inc.		$	589,200			$	506,500			$	495,000
Weighted average common shares outstanding			375,961				382,985				379,749
Basic earnings per share		$	1.57			$	1.32			$	1.30
Diluted earnings per share:
Net income attributable to Republic Services, Inc.		$	589,200			$	506,500			$	495,000
Weighted average common shares outstanding			375,961				382,985				379,749
Effect of dilutive securities:
Options to purchase common stock			1,495				1,895				1,172
Unvested restricted stock awards			149				231				40
Weighted average common and common equivalent shares outstanding			377,605				385,111				380,961
Diluted earnings per share		$	1.56			$	1.32			$	1.30
Antidilutive securities not included in the diluted earnings per share calculations:
Options to purchase common stock			4,546				2,825				9,836

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-Name Accounting Standards Codification

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