XML 56 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings per Share

Note 5 Earnings Per Share

Basic earnings (loss) per share available to TDS common shareholders is computed by dividing Net income (loss) available to TDS common shareholders by the weighted average number of common shares outstanding during the period.  Diluted earnings (loss) per share available to TDS common shareholders is computed by dividing Net income (loss) available to TDS common shareholders by the weighted average number of common shares outstanding during the period adjusted to include the effects of potentially dilutive securities.  Potentially dilutive securities primarily include incremental shares issuable upon the exercise of outstanding stock options and the vesting of restricted stock units.

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,

2016

 

2015

 

2014

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

 

 

 

 

 

Basic earnings (loss) per share available to TDS common

 

 

 

 

 

 

 

 

shareholders:

 

 

 

 

 

 

 

 

Net income (loss) available to TDS common shareholders

    used in basic earnings (loss) per share

$

43 

 

$

219 

 

$

(136)

Adjustments to compute diluted earnings:

 

 

 

 

 

 

 

 

 

Noncontrolling interest adjustment

 

– 

 

 

(1)

 

 

– 

Net income (loss) available to TDS common shareholders

$

43 

 

$

218 

 

$

(136)

used in diluted earnings (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic

 

 

 

 

 

 

 

 

 

earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

Common Shares

 

103 

 

 

102 

 

 

101 

 

 

Series A Common Shares

 

7 

 

 

7 

 

 

7 

 

 

 

Total

 

110 

 

 

109 

 

 

108 

 

 

 

 

 

 

 

 

 

 

 

 

Effects of dilutive securities1

 

1 

 

 

1 

 

 

– 

Weighted average number of shares used in diluted

 

 

 

 

 

 

 

 

 

earnings (loss) per share

 

111 

 

 

110 

 

 

108 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share available to TDS common

 

 

 

 

 

 

 

 

 

shareholders

$

0.39 

 

$

2.02 

 

$

(1.26)

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share available to TDS common

 

 

 

 

 

 

 

 

 

shareholders

$

0.39 

 

$

1.98 

 

$

(1.26)

 

 

 

 

 

 

 

 

 

 

 

 

1

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

 

Certain Common Shares issuable upon the exercise of stock options, vesting of restricted stock units or conversion of preferred shares were not included in average diluted shares outstanding for the calculation of Diluted earnings (loss) per share available to TDS common shareholders because their effects were antidilutive.  The number of such Common Shares excluded was 4 million shares, 5 million shares and 10 million shares for 2016, 2015, and 2014 respectively.