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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2013
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information (Unaudited) [Text Block]
Quarterly Financial Information (Unaudited)
 
2013
 
First
 
Second
 
Third
 
Fourth
 
 
(dollars in millions, except per common share amounts)
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Total
Revenue
$
325.7

 
$
312.0

 
$
310.8

 
$
308.4

 
$
1,256.9

Operating income
19.2

 
46.8

 
57.7

 
40.1

 
163.8

Net (loss) income
(36.7
)
 
0.8

 
9.3

 
(28.1
)
 
(54.7
)
Basic and diluted (loss) earnings per common share
$
(0.19
)
 
$
(0.01
)
 
$
0.03

 
$
(0.15
)
 
$
(0.32
)
 
 
 
 
 
 
 
 
 
 
 
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 and diluted earnings (loss) per common share
$
0.05

 
$
0.01

 
$
0.01

 
$
(0.06
)
 
$
0.00


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.
On January 24, 2013, we completed the IPO of CyrusOne, which owns and operates our former data center colocation business. Effective January 24, 2013, we no longer consolidate the accounts of CyrusOne in our consolidated financial statements, but account for our ownership in CyrusOne as an equity method investment. Due to the change in presentation of CyrusOne, our quarterly and full year results of operations for 2013 are not comparable to 2012.
In the fourth quarter of 2013, the Company redeemed all of the $500.0 million of 8 1/4% Senior Notes due 2017 at a redemption price of 104.125% using proceeds from the Tranche B Term Loan facility that was issued on September 10, 2013. As a result, the Company recorded a debt extinguishment loss of $29.6 million in the fourth quarter of 2013.
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.