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Per Share Information
9 Months Ended
Sep. 30, 2017
Per Share Information  
Per Share Information
Per Share Information
Basic net income (loss) attributable to CCIC common stockholders, per common share, excludes dilution and is computed by dividing net income (loss) attributable to CCIC common stockholders by the weighted-average number of common shares outstanding during the period. For the three and nine months ended September 30, 2017, diluted net income (loss) attributable to CCIC common stockholders, per common share is computed by dividing net income (loss) attributable to CCIC common stockholders by the weighted-average number of common shares outstanding during the period plus any potential dilutive common share equivalents, including shares issuable (1) upon the vesting of restricted stock awards and restricted stock units as determined under the treasury stock method and (2) upon conversion of the Company's 6.875% Mandatory Convertible Preferred Stock (as defined in note 9), as determined under the if-converted method. For the three and nine months ended September 30, 2016, diluted net income (loss) attributable to CCIC common stockholders, per common share is computed by dividing net income (loss) attributable to CCIC common stockholders by the weighted-average number of common shares outstanding during the period plus any potential dilutive common share equivalents, including shares issuable (1) upon the vesting of restricted stock awards and restricted stock units as determined under the treasury stock method and (2) upon conversion of the Company's previously outstanding 4.50% Mandatory Convertible Preferred Stock, which converted to common stock during the fourth quarter of 2016, as determined under the if-converted method.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Net income (loss) attributable to CCIC stockholders
$
115,194

 
$
98,366

 
$
346,446

 
$
232,263

Dividends on preferred stock
(29,935
)
 
(10,997
)
 
(29,935
)
 
(32,991
)
Net income (loss) attributable to CCIC common stockholders for basic and diluted computations
$
85,259

 
$
87,369

 
$
316,511

 
$
199,272

 
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding (in thousands):
 
 
 
 
 
 
 
Basic weighted-average number of common stock outstanding
395,359

 
337,564

 
373,561

 
336,426

Effect of assumed dilution from potential common shares relating to restricted stock units and restricted stock awards
1,676

 
845

 
1,431

 
650

Diluted weighted-average number of common shares outstanding
397,035

 
338,409

 
374,992

 
337,076

 
 
 
 
 
 
 
 
Net income (loss) attributable to CCIC common stockholders, per common share:
 
 
 
 
 
 
 
Basic
$
0.22

 
$
0.26

 
$
0.85

 
$
0.59

Diluted
$
0.21

 
$
0.26

 
$
0.84

 
$
0.59


During the nine months ended September 30, 2017, the Company granted 1.3 million restricted stock units. For both the three and nine months ended September 30, 2017, 15.9 million common share equivalents related to the 6.875% Mandatory Convertible Preferred Stock were excluded from the dilutive common shares because the impact of such conversion would be anti-dilutive, based on the Company's common stock price as of September 30, 2017. For both the three and nine months ended September 30, 2016, 11.6 million common share equivalents related to the previously outstanding 4.50% Mandatory Convertible Preferred Stock were excluded from the dilutive common shares because the impact of such conversion would be anti-dilutive, based on the Company's common stock price as of September 30, 2016.