v3.10.0.1
Stock Repurchases, Dividends and Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Stock repurchase activity
Stock repurchase activity during the three and six months ended June 30, 2018 and June 30, 2017 follows (in millions, except per share amounts):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Number of shares repurchased
3.3

 
2.1

 
7.1

 
3.7

Amount paid
$
219.5

 
$
131.8

 
$
474.0

 
$
230.7

Weighted average cost per share
$
67.47

 
$
62.87

 
$
67.05

 
$
61.81
Earnings per share
Earnings per share for the three and six months ended June 30, 2018 and 2017 are calculated as follows (in thousands, except per share amounts):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Basic earnings per share:
 
 
 
 
 
 
 
Net income attributable to Republic Services, Inc.
$
234,900

 
$
202,900

 
$
472,600

 
$
390,700

Weighted average common shares outstanding
327,365

 
338,057

 
329,003

 
338,962

Basic earnings per share
$
0.72

 
$
0.60

 
$
1.44

 
$
1.15

Diluted earnings per share:
 
 
 
 
 
 
 
Net income attributable to Republic Services, Inc.
$
234,900

 
$
202,900

 
$
472,600

 
$
390,700

Weighted average common shares outstanding
327,365

 
338,057

 
329,003

 
338,962

Effect of dilutive securities:
 
 
 
 
 
 

Options to purchase common stock
810

 
1,269

 
858

 
1,340

Unvested RSU awards
202

 
333

 
231

 
343

Unvested PSU awards
453

 
313

 
421

 
282

Weighted average common and common equivalent shares outstanding
328,830

 
339,972

 
330,513

 
340,927

Diluted earnings per share
$
0.71

 
$
0.60

 
$
1.43

 
$
1.15