Per Share Information

9 Months Ended

Sep. 30, 2014

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. 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 4.50% Mandatory Convertible Preferred Stock as determined under the if-converted method. The Company's restricted stock awards are considered participating securities and may be included in the computation pursuant to the two-class method. However, the Company does not present the two-class method when there is no difference between the per share amount under the two-class method and the treasury stock method.

	Three Months Ended September 30,					Nine Months Ended September 30,
	2014			2013		2014			2013
Net income (loss) attributable to CCIC stockholders	$	106,937		$	45,836	$	242,443		$	113,657
Dividends on preferred stock	(10,997		)	—		(32,991		)	—
Net income (loss) attributable to CCIC common stockholders	$	95,940		$	45,836	$	209,452		$	113,657
Weighted-average number of common shares outstanding (in thousands):
Basic weighted-average number of common stock outstanding	332,413			290,372		332,264			290,900
Effect of assumed dilution from potential common shares relating to restricted stock units and restricted stock awards	828			1,006		756			1,143
Diluted weighted-average number of common shares outstanding	333,241			291,378		333,020			292,043
Net income (loss) attributable to CCIC common stockholders, per common share:
Basic	$	0.29		$	0.16	$	0.63		$	0.39
Diluted	$	0.29		$	0.16	$	0.63		$	0.39

During the nine months ended September 30, 2014, the Company issued 1.0 million restricted stock units. For the three and nine months ended September 30, 2014, 12.3 million common share equivalents related to the 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, 2014.