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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2011

Year Ended December 31,	2011			2010			2009
(Dollars in thousands)
Stock option awards	$	20,443		$	18,623		$	17,075
Restricted stock unit awards		14,905			14,781			13,823
Deferred compensation matching stock unit awards		124			269			281
Employee stock purchase plans		485			566			471
Awards under Non-employee Director compensation plan		880			889			836
Total stock-based compensation, before income taxes		36,837			35,128			32,486
Income tax benefit		(13,862	)		(13,288	)		(12,228	)
Total stock-based compensation expense, net of income taxes	$	22,975		$	21,840		$	20,258

Stock-based compensation, allocation by financial statement line item

December 31,		2011		2010		2009
(Dollars in thousands)
Selling, general and administrative expense	$	33,949	$	32,838	$	30,036
Cost of services and products		2,888		2,290		2,450
Total stock-based compensation	$	36,837	$	35,128	$	32,486

TDS Parent Company | Long-Term Incentive Plans | Stock Options

Stock based compensation

Stock-based compensation, fair value assumptions

	2011		2010		2009
Expected life	5.5 Years		5.3 Years		5.1 Years
Expected annual volatility rate	37.6	%	37.8	%	43.0	%
Dividend yield	1.6	%	1.7	%	1.6	%
Risk-free interest rate	2.1	%	2.1	%	2.5	%
Estimated annual forfeiture rate	3.0	%	3.0	%	1.9	%

TDS Parent Company | Long-Term Incentive Plans | Tandem Options

Stock based compensation

Summary of stock options

									Weighted
									Average
				Weighted		Weighted			Remaining
	Number of			Average		Average	Aggregate		Contractual
	Tandem			Exercise		Grant Date	Intrinsic		Life
Tandem Options	Options			Price		Fair Value	Value		(in years)
Outstanding at December 31, 2008		987,000		$	81.03
(987,000 exercisable)					81.03
Exercised		(6,000	)		49.84		$	50,000
Forfeited		—			—
Expired		(80,000	)		75.44
Outstanding at December 31, 2009		901,000		$	81.73
(901,000 exercisable)					81.73
Exercised		(2,000	)		45.53		$	46,000
Forfeited		—			—
Expired		(248,000	)		113.56
Outstanding at December 31, 2010		651,000		$	69.60
(651,000 exercisable)					69.60
Exercised		(2,000	)		53.77		$	30,000
Forfeited		—			—
Expired		(78,000	)		99.23
Impact of Share Consolidation		(571,000	)		65.64		$	158,000	2.1
Outstanding at December 31, 2011		—

TDS Parent Company | Common Shares | Long-Term Incentive Plans | Stock Options

Stock based compensation

Summary of stock options

								Weighted
								Average
			Weighted		Weighted			Remaining
			Average		Average	Aggregate		Contractual
	Number of		Exercise		Grant Date	Intrinsic		Life
Common Share Options	Options		Prices		Fair Value	Value		(in years)
Outstanding at December 31, 2010		—	$	—
Impact of Share Consolidation
Reclassification of Tandem Options		1,192,000		31.45
Reclassification of Special Common Options		6,024,000		34.38
Outstanding at December 31, 2011		7,216,000	$	33.89		$	373,000	6.5
(4,865,000 exercisable)			$	36.67		$	373,000	5.4

TDS Parent Company | Common Shares | Long-Term Incentive Plans | Restricted Stock Units

Stock based compensation

Summary of nonvested restricted stock units

Common Restricted Stock Units	Number	Weighted Average Grant Date Fair Value
Nonvested at December 31, 2010	—	$	—
Impact of Share Consolidation	389,000		27.45
Nonvested at December 31, 2011	389,000	$	27.45

TDS Parent Company | Special Common Shares | Long-Term Incentive Plans | Stock Options

Stock based compensation

Summary of stock options

										Weighted
										Average
				Weighted		Weighted				Remaining
				Average		Average		Aggregate		Contractual
	Number of			Exercise		Grant Date		Intrinsic		Life
Special Common Share Options	Options			Prices		Fair Value		Value		(in years)
Outstanding at December 31, 2008		2,614,000		$	44.77
(1,428,000 exercisable)					52.59
Granted		1,399,000			26.95	$	9.60
Exercised		—			—			$	—
Forfeited		(68,000	)		31.19
Expired		(85,000	)		48.81
Outstanding at December 31, 2009		3,860,000		$	38.46
(1,732,000 exercisable)					48.91
Granted		1,387,000			26.66	$	8.37
Exercised		(5,000	)		26.95			$	17,000
Forfeited		(105,000	)		29.64
Expired		(29,000	)		45.16
Outstanding at December 31, 2010		5,108,000		$	35.41
(2,506,000 exercisable)					43.14
Granted		1,034,000			29.94	$	9.59
Exercised		(5,000	)		26.95			$	19,000
Forfeited		(34,000	)		28.12
Expired		(79,000	)		35.00
Impact of Share Consolidation		(6,024,000	)	$	34.38			$	—	7.3
Outstanding at December 31, 2011		—

TDS Parent Company | Special Common Shares | Long-Term Incentive Plans | Restricted Stock Units

Stock based compensation

Summary of nonvested restricted stock units

Special Common Restricted Stock Units	Number		Weighted Average Grant Date Fair Value
Nonvested at December 31, 2010	334,000		$	26.28
Granted	236,000			28.73
Vested	(179,000	)		26.95
Forfeited	(2,000	)		26.92
Impact of Share Consolidation	(389,000	)		27.45
Nonvested at December 31, 2011	—		$	—

U.S. Cellular | US Cellular Common Shares | 2005 Long-Term Incentive Plan | Stock Options

Stock based compensation

Stock-based compensation, fair value assumptions

	2011	2010	2009
Expected life	4.3 years	0.9-8.0 years	3.9 years
Expected volatility	43.4%-44.8%	26.9%-43.9%	40.3%-44.2%
Dividend yield	0%	0%	0%
Risk-free interest rate	0.7%-2.0%	0.4%-3.1%	1.2%-2.2%
Estimated annual forfeiture rate	0.0%-7.8%	0.0%-8.4%	6.9%

Summary of stock options

										Weighted
										Average
				Weighted		Weighted				Remaining
				Average		Average		Aggregate		Contractual
	Number of			Exercise		Grant Date		Intrinsic		Life
	Options			Price		Fair Value		Value		(in years)

Outstanding at December 31, 2008		1,626,000		$	57.15
(624,000 exercisable)					51.56
Granted		748,000			34.21	$	11.75
Exercised		(181,000	)		34.01			$	821,000
Forfeited		(130,000	)		47.98
Expired		(34,000	)		56.84
Outstanding at December 31, 2009		2,029,000		$	51.37
(1,046,000 exercisable)					54.40
Granted		831,000			41.98	$	13.75
Exercised		(317,000	)		38.60			$	1,555,000
Forfeited		(88,000	)		44.28
Expired		(193,000	)		61.50
Outstanding at December 31, 2010		2,262,000		$	49.12
(1,151,000 exercisable)				$	54.64
Granted		595,000			51.70	$	19.42
Exercised		(173,000)			37.50			$	2,099,000
Forfeited		(72,000)			45.97
Expired		(175,000)			57.05
Outstanding at December 31, 2011		2,437,000		$	50.10			$	4,423,000	6.9
(1,321,000 exercisable)				$	53.68			$	2,361,000	5.5

U.S. Cellular | US Cellular Common Shares | 2005 Long-Term Incentive Plan | Restricted Stock Units

Stock based compensation

Summary of nonvested deferred stock units

	Number		Weighted Average Grant Date Fair Value
Nonvested at December 31, 2010	752,000		$	42.69
Granted	346,000			49.35
Vested	(189,000	)		55.93
Forfeited	(64,000	)		42.48
Nonvested at December 31, 2011	845,000		$	42.48

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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