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Earnings Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
Note 6 Earnings Per Share
Basic earnings (loss) per share attributable to TDS common shareholders is computed by dividing Net income (loss) attributable to TDS common shareholders by the weighted average number of Common Shares outstanding during the period. Diluted earnings (loss) per share attributable to TDS common shareholders is computed by dividing Net income (loss) attributable 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 performance and restricted stock units, as calculated using the treasury stock method.
The amounts used in computing basic and diluted earnings (loss) per share attributable to TDS common shareholders were as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
 2025202420252024
(Dollars and shares in thousands, except per share amounts)   
Net income (loss) from continuing operations attributable to TDS common shareholders$40,239 $(100,448)$10,960 $(142,401)
Net income (loss) from discontinued operations attributable to TDS common shareholders(139,295)17,404 (125,587)56,915 
Net income (loss) attributable to TDS common shareholders used in basic earnings (loss) per share$(99,056)$(83,044)$(114,627)$(85,486)
Adjustments to compute diluted earnings:
Noncontrolling interest adjustment(610)— (610)— 
Net income (loss) attributable to TDS common shareholders used in diluted earnings (loss) per share$(99,666)$(83,044)$(115,237)$(85,486)
Weighted average number of shares used in basic earnings (loss) per share:
Common Shares108,587 106,487 107,781 105,990 
Series A Common Shares7,539 7,542 7,537 7,533 
Total116,126 114,029 115,318 113,523 
Effects of dilutive securities2,718 — 3,468 — 
Weighted average number of shares used in diluted earnings (loss) per share118,844 114,029 118,786 113,523 
Basic earnings (loss) per share from continuing operations attributable to TDS common shareholders$0.35 $(0.88)$0.10 $(1.25)
Basic earnings (loss) per share from discontinued operations attributable to TDS common shareholders(1.20)0.15 (1.09)0.50 
Basic earnings (loss) per share attributable to TDS common shareholders$(0.85)$(0.73)$(0.99)$(0.75)
Diluted earnings (loss) per share from continuing operations attributable to TDS common shareholders$0.33 $(0.88)$0.07 $(1.25)
Diluted earnings (loss) per share from discontinued operations attributable to TDS common shareholders(1.17)0.15 (1.06)0.50 
Diluted earnings (loss) per share attributable to TDS common shareholders$(0.84)$(0.73)$(0.99)$(0.75)
Certain Common Shares issuable upon the exercise of stock options or vesting of performance and restricted stock units were not included in weighted average diluted shares outstanding for the calculation of Diluted earnings (loss) per share attributable to TDS common shareholders because their effects were antidilutive. The number of such Common Shares excluded was less than 0.1 million for both the three and nine months ended September 30, 2025, and 5.2 million and 6.2 million for the three and nine months ended September 30, 2024, respectively.