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Stock Repurchases, Dividends and Earnings per Share (Tables)

6 Months Ended

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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- References

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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)
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 3
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