Per Share Information

9 Months Ended

Sep. 30, 2016

Basic net income (loss) attributable to CCIC common stockholders, per common share, excludes dilution and is computed by dividing net income (loss) attributable to CCIC common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) attributable to CCIC common stockholders, per common share is computed by dividing net income (loss) attributable to CCIC common stockholders by the weighted-average number of common shares outstanding during the period plus any potential dilutive common share equivalents, including shares issuable (1) upon the vesting of restricted stock awards and restricted stock units as determined under the treasury stock method and (2) upon conversion of the Company's Convertible Preferred Stock, as determined under the if-converted method.



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Net income (loss) from continuing operations	$	98,366		$	104,301		$	232,263		$	382,561
Dividends on preferred stock	(10,997		)	(10,997		)	(32,991		)	(32,991		)
Net income (loss) from continuing operations attributable to CCIC common stockholders for basic and diluted computations	$	87,369		$	93,304		$	199,272		$	349,570

Income (loss) from discontinued operations, net of tax	—			(522		)	—			1,000,708
Less: Net income (loss) attributable to the noncontrolling interest	—			—			—			3,343
Net income (loss) from discontinued operations attributable to CCIC common stockholders for basic and diluted computations	$	—		$	(522	)	$	—		$	997,365

Weighted-average number of common shares outstanding (in thousands):
Basic weighted-average number of common stock outstanding	337,564			333,049			336,426			332,951
Effect of assumed dilution from potential common shares relating to restricted stock units and restricted stock awards	845			662			650			784
Diluted weighted-average number of common shares outstanding	338,409			333,711			337,076			333,735

Net income (loss) attributable to CCIC common stockholders, per common share:
Income (loss) from continuing operations, basic	0.26			0.28			0.59			1.05
Income (loss) from discontinued operations, basic	—			—			—			3.00
Net income (loss) attributable to CCIC common stockholders, basic	0.26			0.28			0.59			4.05
Income (loss) from continuing operations, diluted	0.26			0.28			0.59			1.05
Income (loss) from discontinued operations, diluted	—			—			—			2.99
Net income (loss) attributable to CCIC common stockholders, diluted	0.26			0.28			0.59			4.04

During the nine months ended September 30, 2016, the Company granted 1.3 million restricted stock units. For the nine months ended September 30, 2016 and 2015, 11.6 million and 12.4 million common share equivalents, respectively, related to the Convertible Preferred Stock were excluded from the dilutive common shares because the impact of such conversion would be anti-dilutive, based on the Company's common stock price as of the end of the respective periods. See note 13 for a discussion of the October and November 2016 conversion of the Company's previously outstanding Convertible Preferred Stock to common stock.