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Earnings Per Share | 6 Months Ended
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Jun. 30, 2013
Disclosure Text Block |
Earnings per Share | 4. Earnings Per Share Basic earnings per share attributable to U.S. Cellular shareholders is computed by dividing Net income attributable to U.S. Cellular shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share attributable to U.S. Cellular shareholders is computed by dividing Net income attributable to U.S. Cellular shareholders by the weighted average number of common shares outstanding during the period adjusted to include the effects of potentially dilutive securities. Potentiall y dilutive securities primarily include incremental shares issuable upon exercise of outstanding stock options and the vesting of restricted stock units. The amounts used in computing e arnings per common s hare and the effects of potentially dilutive securities on the weighted average number of c ommo n s hares were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2013 |  | 2012 |  | 2013 |  | 2012
(Dollars and shares in thousands, except per share amounts) |  |  |  |  |  |  |  |  |  |  |
Net income attributable to U.S. Cellular shareholders | $ | 143,391 |  | $ | 52,685 |  | $ | 148,305 |  | $ | 115,177
Weighted average number of shares used in basic earnings per share |  | 83,845 |  |  | 84,707 |  |  | 83,842 |  |  | 84,638
Effects of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
| Stock options |  | 226 |  |  | 163 |  |  | 201 |  |  | 202
| Restricted stock units |  | 590 |  |  | 366 |  |  | 612 |  |  | 408
Weighted average number of shares used in diluted earnings per share |  | 84,661 |  |  | 85,236 |  |  | 84,655 |  |  | 85,248
Basic earnings per share attributable to U.S. Cellular shareholders | $ | 1.71 |  | $ | 0.62 |  | $ | 1.77 |  | $ | 1.36
Diluted earnings per share attributable to U.S. Cellular shareholders | $ | 1.69 |  | $ | 0.62 |  | $ | 1.75 |  | $ | 1.35
Certain Common Shares issuable upon the exercise of stock options or vesting of restricted stock units were not included in average diluted shares outstanding for the calculation of Diluted earnings per share attributable to U.S. Cellular shareholders because their effects were antidilutive. The number of such Common Shares excluded, if any, is shown in the table below.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2013 |  | 2012 |  | 2013 |  | 2012
(Shares in thousands) |  |  |  |  |  |  |
Stock options | 2,437 |  | 2,498 |  | 2,041 |  | 2,005
Restricted stock units | 208 |  | 223 |  | 221 |  | 242
On June 25, 2013, U.S. Cellular paid a special cash dividend of $5.75 per share, for an aggregate amount of $482.3 million, to all holders of U.S. Cellular Common Shares and Series A Common Shares. O utstanding U.S. Cellular stock option s and restricted stock unit awards were equitably adjusted for the special cash dividend. T he impact of such adjustments on the earnings per share calculation was reflected in the three and six months ended June 30, 2012.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 + Details
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