Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Intangible Assets Book Values by Major Class

Our intangible assets and their respective book values at March 31, 2013 are shown in the following table:



	Directory Services Agreements			Local Customer Relationships			National Customer Relationships			Trade Names and Trademarks			Technology, Advertising Commitments & Other			Total
Gross intangible assets carrying value	$	1,330,000		$	560,000		$	175,000		$	380,000		$	85,500		$	2,530,500
Accumulated amortization	(401,087		)	(189,669		)	(51,853		)	(94,314		)	(36,314		)	(773,237		)
Net intangible assets	$	928,913		$	370,331		$	123,147		$	285,686		$	49,186		$	1,757,263

Schedule of Estimated Weighted Average Useful Lives and Amortization Methodology

The combined remaining weighted average useful life of our identifiable intangible assets at March 31, 2013 is 8 years. The remaining weighted average useful lives and amortization methodology for each of our identifiable intangible assets at March 31, 2013 are shown in the following table:



Intangible Asset	Remaining Weighted Average Useful Lives	Amortization Methodology
Directory services agreements	9 years	Income forecast method ⁽¹⁾
Local customer relationships	8 years	Income forecast method ⁽¹⁾
National customer relationships	8 years	Income forecast method ⁽¹⁾
Tradenames and trademarks	8 years	Straight-line method
Technology, advertising commitments and other	5 years	Income forecast method ⁽¹⁾


⁽¹⁾	These intangible assets are being amortized under the income forecast method, which assumes the value derived from these intangible assets is greater in the earlier years and steadily declines over time.

Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted earnings (loss) per share (“EPS”) is presented below.



	Three Months Ended March 31,
	2013			2012
Basic EPS
Net income (loss)	$	(59,327	)	$	57,572
Weighted average common shares outstanding	50,904			50,254
Basic EPS	$	(1.17	)	$	1.15

Diluted EPS
Net income (loss)	$	(59,327	)	$	57,572
Weighted average common shares outstanding	50,904			50,254
Dilutive effect of stock awards	—			9
Weighted average diluted shares outstanding	50,904			50,263
Diluted EPS	$	(1.17	)	$	1.15