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Stock Repurchases, Dividends and Earnings per Share (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
Stock repurchase activity | Stock repurchase activity during the three and six months ended June 30, 2022 and 2021 follows (in millions, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |
Number of shares repurchased | — |  | 0.3 |  |  | 1.6 |  |  | 0.4 |  |  |  |  |
Amount paid | $ | — |  |  | $ | 27.4 |  |  | $ | 203.5 |  |  | $ | 40.1 |  |  |  |  |
Weighted average cost per share | $ | — |  |  | $ | 108.68 |  |  | $ | 124.02 |  |  | $ | 101.84 |  |  |  |  |
Earnings per share | Earnings per share for the three and six months ended June 30, 2022 and 2021 are calculated as follows (in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Republic Services, Inc. | $ | 371,888 |  |  | $ | 331,065 |  |  | $ | 723,912 |  |  | $ | 627,009 |  |  |  |  |
Weighted average common shares outstanding | 316,473 |  |  | 319,526 |  |  | 316,538 |  |  | 319,487 |  |  |  |  |
Basic earnings per share | $ | 1.18 |  |  | $ | 1.04 |  |  | $ | 2.29 |  |  | $ | 1.96 |  |  |  |  |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Republic Services, Inc. | $ | 371,888 |  |  | $ | 331,065 |  |  | $ | 723,912 |  |  | $ | 627,009 |  |  |  |  |
Weighted average common shares outstanding | 316,473 |  |  | 319,526 |  |  | 316,538 |  |  | 319,487 |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Unvested RSU awards | 126 |  |  | 232 |  |  | 170 |  |  | 187 |  |  |  |  |
Unvested PSU awards | 361 |  |  | 283 |  |  | 372 |  |  | 263 |  |  |  |  |
Weighted average common and common equivalent shares outstanding | 316,960 |  |  | 320,041 |  |  | 317,079 |  |  | 319,937 |  |  |  |  |
Diluted earnings per share | $ | 1.17 |  |  | $ | 1.03 |  |  | $ | 2.28 |  |  | $ | 1.96 |  |  |  |  |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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