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Supplemental Cash Flow Disclosures
6 Months Ended
Jun. 30, 2011
Notes To The Financial Statements [Abstract]  
Supplemental Cash Flow Disclosures

15. Supplemental Cash Flow Disclosures

 

Following are supplemental cash flow disclosures regarding transactions related to stock-based compensation awards:

 

TDS       
   Six Months Ended
   June 30,
   2011 2010
          
(Dollars and shares in thousands)       
Common Shares withheld     
Special Common Shares withheld (1) 5    
          
Aggregate value of Common Shares withheld$  $ 
Aggregate value of Special Common Shares withheld 167    
          
Cash receipts upon exercise of stock options$1,115  $845 
Cash disbursements for payment of taxes (2) (60)   
Net cash receipts from exercise of stock        
 options and vesting of other stock awards$1,055  $845 

U.S. Cellular       
   Six Months Ended
   June 30,
   2011 2010
          
(Dollars and shares in thousands)       
Common Shares withheld (1) 120   86 
          
Aggregate value of Common Shares withheld$5,940  $3,620 
          
Cash receipts upon exercise of stock options$4,764  $1,876 
Cash disbursements for payment of taxes (2) (3,500)  (1,732)
Net cash receipts from exercise of stock       
 options and vesting of other stock awards$1,264  $144 

  • Such shares were withheld to cover the exercise price of stock options, if applicable, and required tax withholdings.
  • In certain situations, TDS and U.S. Cellular withhold shares that are issuable upon the exercise of stock options or the vesting of restricted shares to cover, and with a value equivalent to, the exercise price and/or the amount of taxes required to be withheld from the stock award holder at the time of the exercise or vesting. TDS and U.S. Cellular then pay the amount of the required tax withholdings to the taxing authorities in cash.

 

TDS declared and paid dividends of $24.3 million or $0.2350 per share during the six months ended June 30, 2011. TDS declared and paid dividends of $23.7 million or $0.2250 per share in the six months ended June 30, 2010.