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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share  
Earnings per share

The amounts used in computing earnings (loss) per common share and the effects of potentially dilutive securities on the weighted average number of common shares were as follows:

Year Ended December 31,

2015

 

2014

 

2013

(Dollars and shares in thousands, except earnings per share)

 

 

 

 

 

Basic earnings (loss) per share attributable to TDS shareholders:

 

 

 

 

 

 

 

 

Net income (loss) available to common shareholders of TDS used in basic

 

 

 

 

 

 

 

 

   earnings (loss) per share

$

218,988 

 

$

(136,404)

 

$

141,878 

Adjustments to compute diluted earnings:

 

 

 

 

 

 

 

 

 

Noncontrolling interest adjustment

 

(1,525)

 

 

 

 

 

(1,058)

 

Preferred dividend adjustment

 

49 

 

 

 

 

 

49 

Net income (loss) available to common shareholders of TDS used in

$

217,512 

 

$

(136,404)

 

$

140,869 

   diluted earnings (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic earnings (loss) per share

 

 

 

 

 

 

 

 

 

 

Common Shares

 

101,453 

 

 

101,304 

 

 

101,339 

 

 

Series A Common Shares

 

7,192 

 

 

7,181 

 

 

7,151 

 

 

 

Total

 

108,645 

 

 

108,485 

 

 

108,490 

 

 

 

 

 

 

 

 

 

 

 

 

Effects of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options1

 

773 

 

 

 

 

 

209 

 

Restricted stock units1

 

436 

 

 

 

 

 

375 

 

Preferred shares1

 

56 

 

 

 

 

 

58 

Weighted average number of shares used in diluted earnings (loss) per share

 

109,910 

 

 

108,485 

 

 

109,132 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share attributable to TDS shareholders

$

2.02 

 

$

(1.26)

 

$

1.31 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share attributable to TDS shareholders

$

1.98 

 

$

(1.26)

 

$

1.29 

 

 

 

 

 

 

 

 

 

 

 

 

1

There were no effects of dilutive securities in 2014 due to the net loss for the year.

 

Summary of antidilutive shares

Certain Common Shares issuable upon the exercise of stock options, vesting of restricted stock units or conversion of convertible preferred shares were not included in average diluted shares outstanding for the calculation of Diluted earnings (loss) per share attributable to TDS shareholders because their effects were antidilutive. The number of such Common Shares excluded is shown in the table below.

Year Ended December 31,

2015

 

2014

 

2013

(Shares in thousands)

 

 

 

 

 

Stock options

4,499 

 

8,984 

 

7,120 

Restricted stock units

190 

 

839 

 

171 

Preferred shares

 

 

56