Earnings Per Share (Table)

12 Months Ended

Dec. 31, 2010

Earnings per share

Earnings per share

Year Ended December 31,				2010			2009			2008
(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		$	144,799		$	191,296		$	90,614
Adjustments to compute diluted earnings
	Noncontrolling interest adjustment (1)				(512	)		(442	)		(100	)
	Preferred dividend adjustment (2)				49			49			—
	Net income available to common shareholders of TDS
		used in diluted earnings per share		$	144,336		$	190,903		$	90,514
Weighted average number of shares used in
	basic earnings per share
		Common Shares			49,885			51,168			53,028
		Special Common Shares			48,723			51,698			56,339
		Series A Common Shares			6,503			6,473			6,450
			Total		105,111			109,339			115,817
Effects of dilutive securities:
	Stock options				149			50			335
	Restricted stock units				198			144			103
	Preferred shares				48			44			—
Weighted average number of shares used in
	diluted earnings per share				105,506			109,577			116,255
Basic earnings per share attributable to TDS shareholders				$	1.38		$	1.75		$	0.78
Diluted earnings per share attributable to TDS shareholders				$	1.37		$	1.74		$	0.78

(1)       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.

(2)       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

Summary of antidilutive shares

(Shares in thousands)		2010	2009	2008
Stock options
	Common Shares	559	813	336
	Special Common Shares	3,849	4,238	1,830
Restricted stock units
	Special Common Shares	88	108	52
Convertible preferred shares
	Common Shares	—	—	49