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Stock Repurchases, Dividends and Earnings per Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Stock repurchase activity | Stock repurchase activity during the three and nine months ended September 30, 2023 and 2022 follows (in millions, except per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
| 2023 |  | 2022 |  | 2023 |  | 2022 |
Number of shares repurchased | 1.3 |  | — |  |  | 1.3 |  |  | 1.6 |
Amount paid | $ | 190.4 |  |  | $ | — |  |  | $ | 190.4 |  |  | $ | 203.5 |  |
Weighted average cost per share | $ | 146.89 |  |  | $ | — |  |  | $ | 146.89 |  |  | $ | 124.02 |  |
Earnings per share | Earnings per share for the three and nine months ended September 30, 2023 and 2022 are calculated as follows (in thousands, except per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Basic earnings per share: |  |  |  |  |  |  |
Net income attributable to Republic Services, Inc. | $ | 480,169 |  |  | $ | 416,924 |  |  | $ | 1,291,419 |  |  | $ | 1,140,836 |
Weighted average common shares outstanding | 316,062 |  |  | 316,506 |  |  | 316,541 |  |  | 316,527 |
Basic earnings per share | $ | 1.52 |  |  | $ | 1.32 |  |  | $ | 4.08 |  |  | $ | 3.60 |
Diluted earnings per share: |  |  |  |  |  |  |
Net income attributable to Republic Services, Inc. | $ | 480,169 |  |  | $ | 416,924 |  |  | $ | 1,291,419 |  |  | $ | 1,140,836 |
Weighted average common shares outstanding | 316,062 |  |  | 316,506 |  |  | 316,541 |  |  | 316,527 |
Effect of dilutive securities: |  |  |  |  |  |  |
Unvested RSU awards | 112 |  |  | 144 |  |  | 96 |  |  | 161 |
Unvested PSU awards | 382 |  |  | 396 |  |  | 366 |  |  | 380 |
Weighted average common and common equivalent shares outstanding | 316,556 |  |  | 317,046 |  |  | 317,003 |  |  | 317,068 |
Diluted earnings per share | $ | 1.52 |  |  | $ | 1.32 |  |  | $ | 4.07 |  |  | $ | 3.60 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + 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 -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481520/505-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481520/505-30-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481520/505-30-50-4 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1 + Details
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