v2.4.0.6
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2011
Summary of Significant Accounting Policies [Abstract]  
Components of Interest Expense and Amortization of Deferred Financing Costs
The components of interest expense and amortization of deferred financing costs are as follows:
 
 
Years Ended December 31,
 
2011
 
2010
 
2009
Interest expense on debt obligations
$
404,644

 
$
404,815

 
$
384,525

Amortization of deferred financing costs
15,086

 
15,397

 
26,953

Amortization of discounts on long-term debt
16,090

 
14,481

 
12,219

Amortization of interest rate swaps
71,707

 
54,169

 
18,818

Other, net of capitalized interest
60

 
1,407

 
3,367

Total
$
507,587

 
$
490,269

 
$
445,882
Reconciliation of the Numerators and Denominators of the Basic and Diluted Per Share Computations
A reconciliation of the numerators and denominators of the basic and diluted per share computations is as follows:
 
 
Years Ended December 31,
 
2011
 
2010
 
2009
Net income (loss) attributable to CCIC stockholders
$
171,077

 
$
(310,940
)
 
$
(114,332
)
Dividends on preferred stock and losses on purchases of preferred stock
(22,940
)
 
(20,806
)
 
(20,806
)
Net income (loss) attributable to CCIC common stockholders after deduction of dividends on preferred stock and losses on purchases of preferred stock
$
148,137

 
$
(331,746
)
 
$
(135,138
)
Weighted-average number of common shares outstanding (in thousands):
 
 
 
 
 
Basic weighted-average number of common stock outstanding
283,821

 
286,764

 
286,622

Effect of assumed dilution from potential common shares relating to stock options and restricted stock awards
2,126

 
—

 
—

Diluted weighted-average number of common shares outstanding
285,947

 
286,764

 
286,622

Net income (loss) attributable to CCIC common stockholders, after deduction of dividends on preferred stock, per common share:
 
 
 
 
 
Basic
$
0.52

 
$
(1.16
)
 
$
(0.47
)
Diluted
$
0.52

 
$
(1.16
)
 
$
(0.47
)