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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings per share
Year Ended December 31,2011 2010 2009
(Dollars and shares in thousands, except earnings per share)     
Basic earnings per share attributable to TDS shareholders           
 Net income available to common shareholders           
  of TDS used in basic earnings per share$200,516  $144,799  $191,296 
               
Adjustments to compute diluted earnings           
 Noncontrolling interest adjustment (1) (795)  (512)  (442)
 Preferred dividend adjustment (2) 49   49   49 
 Net income available to common shareholders of TDS           
  used in diluted earnings per share$199,770  $144,336  $190,903 
               
Weighted average number of shares used in            
 basic earnings per share           
  Common Shares 101,471   102,947   107,318 
  Series A Common Shares 7,091   7,069   7,036 
   Total 108,562   110,016   114,354 
               
Effects of dilutive securities:           
 Stock options 265   230   39 
 Restricted stock units 213   195   135 
 Preferred shares 60   48   44 
Weighted average number of shares used in           
 diluted earnings per share 109,100   110,489   114,572 
               
Basic earnings per share attributable to TDS shareholders$ 1.85  $ 1.32  $ 1.67 
               
Diluted earnings per share attributable to TDS shareholders$ 1.83  $ 1.31  $ 1.67 

  • The noncontrolling interest adjustment reflects the additional noncontrolling share of U.S. Cellular's income computed as if all of U.S. Cellular's issuable securities were outstanding.

     

  • The preferred dividend adjustment reflects the dividend reduction related to preferred securities that were dilutive, and therefore treated as if converted for shares.

 

Summary of antidilutive shares
(Shares in thousands) 2011 2010 2009
        
Stock options 3,779  4,076  4,876
        
Restricted stock units 149 88  105
        
Convertible preferred shares