Stock-based Compensation (Tables)

The following is a summary of the restricted stock award activity during the year ended December 31, 2011.



	Number of Shares		Weighted-Average Grant-Date Fair Value
	(In thousands of shares)		(In dollars per share)
Shares outstanding at the beginning of year	4,297		$	20.2
Shares granted	886		37.1
Shares vested	(1,717	)	27.3
Shares forfeited	(63	)	19.4
Shares outstanding at end of year	3,403		$	21.1

____________________

The following table summarizes the assumptions used in the Monte Carlo simulation to determine the grant-date fair value for the awards granted during the years ended December 31, 2011, 2010 and 2009, respectively, with market conditions.



	Years Ended December 31,
	2011		2010		2009
Risk-free rate	1.4	%	1.5	%	1.3	%
Expected volatility	48	%	49	%	46	%
Expected dividend rate	—	%	—	%	—	%

The following table is a summary of the restricted stock awards vested during the years ended December 31, 2011 to 2009.



Years Ended December 31,	Total Shares Vested	Fair Value on Vesting Date
	(In thousands of shares)
2011	1,717	$	74,754
2010	891	34,813
2009	366	9,190

The following table discloses the components of stock-based compensation expense. No amounts have been included in the carrying value of assets during the years ended December 31, 2011, 2010 and 2009. For the years ended December 31, 2011, 2010 and 2009, the Company recorded tax benefits, exclusive of the change in the valuation allowance, of $11.4 million, $12.8 million and $10.2 million, respectively, related to stock-based compensation expense (see note 9).



	Year Ended December 31, 2011
	CCUSA		CCAL		Consolidated Total
Stock-based compensation expense:
Site rental costs of operations	$	942	$	—	$	942
Network services and other costs of operations	1,555		—		1,555
General and administrative expenses	30,113		3,381		33,494
Total stock-based compensation	$	32,610	$	3,381	$	35,991
	Year Ended December 31, 2010
	CCUSA		CCAL		Consolidated Total
Stock-based compensation expense:
Site rental costs of operations	$	1,131	$	—	$	1,131
Network services and other costs of operations	1,568		—		1,568
General and administrative expenses	33,841		3,425		37,266
Total stock-based compensation	$	36,540	$	3,425	$	39,965
	Year Ended December 31, 2009
	CCUSA		CCAL		Consolidated Total
Stock-based compensation expense:
Site rental costs of operations	$	967	$	—	$	967
Network services and other costs of operations	1,207		—		1,207
General and administrative expenses	27,051		1,080		28,131
Total stock-based compensation	$	29,225	$	1,080	$	30,305

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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