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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2012
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information (Unaudited) [Text Block]
Quarterly Financial Information (Unaudited)
 
2012
 
First
 
Second
 
Third
 
Fourth
 
 
(dollars in millions, except per common share amounts)
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Total
Revenue
$
362.8

 
$
368.2

 
$
368.2

 
$
374.7

 
$
1,473.9

Operating income
81.0

 
65.2

 
66.0

 
57.9

 
270.1

Net income (loss)
12.6

 
4.5

 
3.9

 
(9.8
)
 
11.2

Basic earnings (loss) per common share
$
0.05

 
$
0.01

 
$
0.01

 
$
(0.06
)
 
$
0.00

Diluted earnings (loss) per common share
$
0.05

 
$
0.01

 
$
0.01

 
$
(0.06
)
 
$
0.00

 
 
 
 
 
 
 
 
 
 
 
2011
 
First
 
Second
 
Third
 
Fourth
 
 
(dollars in millions, except per common share amounts)
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Total
Revenue
$
360.8

 
$
367.5

 
$
368.8

 
$
365.3

 
$
1,462.4

Operating income
86.4

 
77.6

 
86.3

 
9.2

 
259.5

Net income (loss)
17.9

 
13.5

 
17.6

 
(30.4
)
 
18.6

Basic earnings (loss) per common share
$
0.08

 
$
0.06

 
$
0.08

 
$
(0.17
)
 
$
0.04

Diluted earnings (loss) per common share
$
0.08

 
$
0.05

 
$
0.07

 
$
(0.17
)
 
$
0.04


The effects of assumed common share conversions are determined independently for each respective quarter and year and may not be dilutive during every period due to variations in operating results. Therefore, the sum of quarterly per share results will not necessarily equal the per share results for the full year.
During the fourth quarter of 2012, the Company incurred a loss on extinguishment of debt of $13.6 million from the redemption of its 7% Senior Notes due 2015, a portion of its 8 3/8% Senior Notes due 2020, and various CBT notes.
During the fourth quarter of 2011, the Company recognized a goodwill impairment loss of $50.3 million in the Wireless business segment. The impairment loss arose from declines in revenues and wireless subscribers.