XML 46 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
 6 Months Ended
Jun. 30, 2012
Disclosure Text Block  
Earnings per Share

5. Earnings Per Share

 

Basic earnings per share attributable to U.S. Cellular shareholders is computed by dividing Net income attributable to U.S. Cellular shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share attributable to U.S. Cellular shareholders is computed by dividing Net income attributable to U.S. Cellular shareholders by the weighted average number of common shares outstanding during the period adjusted to include the effects of potentially dilutive securities. Potentially dilutive securities primarily include incremental shares issuable upon exercise of outstanding stock options and the vesting of restricted stock units.

 

The amounts used in computing earnings per Common and Series A Common Share and the effects of potentially dilutive securities on the weighted average number of Common and Series A Common Shares are as follows:

  Three Months Ended Six Months Ended
  June 30, June 30,
  2012 2011 2012 2011
(Dollars and shares in thousands, except per share amounts)               
Net income attributable to U.S. Cellular shareholders$52,685  $74,939  $115,177  $110,100 
                 
Weighted average number of shares used in basic earnings per share 84,707   84,930   84,638   85,206 
Effects of dilutive securities:               
 Stock options 54   166   74   167 
 Restricted stock units 300   301   364   366 
Weighted average number of shares used in diluted earnings per share 85,061   85,397   85,076   85,739 
                 
Basic earnings per share attributable to U.S. Cellular shareholders$0.62  $0.88  $1.36  $1.29 
                 
Diluted earnings per share attributable to U.S. Cellular shareholders$0.62  $0.88  $1.35  $1.28 

Certain Common Shares issuable upon the exercise of stock options or vesting of restricted stock units were not included in average diluted shares outstanding for the calculation of Diluted earnings per share because their effects were antidilutive. The number of such Common Shares excluded is shown in the table below.

 Three Months Ended Six Months Ended
  June 30, June 30,
  2012 2011 2012 2011
(Shares in thousands)       
Stock options2,264 1,569 2,668 1,315
         
Restricted stock units208 168 415 141