Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

				Three Months Ended				Nine Months Ended
				September 30,				September 30,
				2012		2011		2012		2011
(Dollars and shares in thousands, except per share amounts)
Basic earnings per share attributable to TDS shareholders:
	Net income available to common shareholders of TDS used in basic earnings per share			$	29,105	$	71,282	$	123,671	$	206,715

Adjustments to compute diluted earnings:
	Noncontrolling interest (1)				(144)		(239)		(616)		(783)
	Preferred dividend (2)				12		12		37		37
	Net income attributable to common shareholders of TDS used in diluted earnings per share			$	28,973	$	71,055	$	123,092	$	205,969

Weighted average number of shares used in basic earnings per share:
		Common Shares			101,683		101,310		101,602		101,501
		Series A Common Shares			7,136		7,094		7,133		7,085
			Total		108,819		108,404		108,735		108,586

Effects of dilutive securities:
	Stock options				15		9		4		335
	Restricted stock units				357		253		224		207
	Preferred shares				55		66		55		66
Weighted average number of shares used in diluted earnings per share					109,246		108,732		109,018		109,194

Basic earnings per share attributable to TDS shareholders				$	0.27	$	0.66	$	1.14	$	1.90

Diluted earnings per share attributable to TDS shareholders				$	0.27	$	0.65	$	1.13	$	1.89

The noncontrolling income adjustment reflects the additional noncontrolling share of U.S. Cellular's income computed as if all of U.S. Cellular's dilutive 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 common shares.