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Acquisitions, Divestitures and Exchanges (Tables)

12 Months Ended

Dec. 31, 2013

Business Combination

Acquisitions, Divestitures and Exchanges

U.S. Cellular acquisitions in 2013 and 2012 and the allocation of the purchase price for these acquisitions were as follows:
						Allocation of Purchase Price
(Dollars in thousands)			Purchase Price			Goodwill			Licenses			Intangible Assets Subject to Amortization			Net Tangible Assets/(Liabilities)
2013
Licenses			$	16,540		$	-		$	16,540		$	-		$	-
2012
Licenses			$	122,690		$	-		$	122,690		$	-		$	-

Divestiture Financial Impacts

Business divestiture financial impacts

(Dollars in thousands)				Expected Period of Recognition		Projected Range						Cumulative Amount Recognized as of December 31, 2013			Actual Amount Recognized Year Ended December 31, 2013			Actual Amount Recognized Three Months Ended December 31, 2013			Actual Amount Recognized Three Months and Year Ended December 31, 2012
(Gain) loss on sale of business and other exit costs, net
	Proceeds from Sprint
		Purchase price		2013		$	(480,000)		$	(480,000)		$	(480,000)		$	(480,000)		$	-		$	-
		Sprint Cost Reimbursement		2013-2014			(120,000)			(175,000)			(47,641)			(47,641)			(43,420)			-
	Net assets transferred			2013			213,593			213,593			213,593			213,593			-			-
	Non-cash charges for the write-off and write-down of property under construction and related assets			2012-2014			10,000			14,000			10,675			3			(51)			10,672
	Employee related costs including severance, retention and outplacement			2012-2014			12,000			18,000			14,262			1,653			(809)			12,609
	Contract termination costs			2012-2014			110,000			160,000			59,584			59,525			40,744			59
	Transaction costs			2012-2014			5,000			6,000			5,565			4,428			347			1,137
		Total (Gain) loss on sale of business and other exit costs, net				$	(249,407)		$	(243,407)		$	(223,962)		$	(248,439)		$	(3,189)		$	24,477
Depreciation, amortization and accretion expense
	Incremental depreciation, amortization and accretion, net of salvage values			2012-2014			200,000			225,000			198,571			178,513			44,513			20,058
(Increase) decrease in Operating income						$	(49,407)		$	(18,407)		$	(25,391)		$	(69,926)		$	41,324		$	44,535

As a result of the transaction, U.S. Cellular recognized the following amounts in the Consolidated Balance Sheet:
						Year Ended December 31, 2013
(Dollars in thousands)			Balance December 31, 2012			Costs Incurred			Cash Settlements (1)			Adjustments (2)			Balance December 31, 2013
Accrued compensation
		Employee related costs including severance, retention, outplacement	$	12,305		$	6,853		$	(11,905)		$	(5,200)		$	2,053
Other current liabilities
		Contract termination costs	$	30		$	22,675		$	(8,713)		$	-		$	13,992
Other deferred liabilities and credits
		Contract termination costs	$	-		$	34,283		$	(3,434)		$	-		$	30,849
						Year Ended December 31, 2012
(Dollars in thousands)			Balance November 6, 2012			Costs Incurred			Cash Settlements (1)			Adjustments (2)			Balance December 31, 2012
Accrued compensation
		Employee related costs including severance, retention, outplacement	$	-		$	12,609		$	(304)		$	-		$	12,305
Other current liabilities
		Contract termination costs	$	-		$	59		$	(29)		$	-		$	30
(1)		Cash settlement amounts are included in either the Net income or changes in Other assets and liabilities line items as part of Cash flows from operating activities on the Consolidated Statement of Cash Flows.
(2)		Adjustment to liability represents changes to previously accrued amounts.

Assets and liabilities held for sale

At December 31, 2013 and 2012, the following assets and liabilities were classified in the Consolidated Balance Sheet as "Assets held for sale" and "Liabilities held for sale":
			Current Assets			Licenses			Goodwill			Property, Plant and Equipment			Loss on Assets Held for Sale (1)			Total Assets Held for Sale			Liabilities Held for Sale (2)
(Dollars in thousands)
2013
Divestiture of Spectrum Licenses			$	-		$	16,027		$	-		$	-		$	-		$	16,027		$	-
2012
Divestiture Transaction			$	-		$	140,599		$	72,994		$	-		$	-		$	213,593		$	19,594
Bolingbrook Customer Care Center (3)				-			-			-			4,275			(1,105)			3,170			-
	Total		$	-		$	140,599		$	72,994		$	4,275		$	(1,105)		$	216,763		$	19,594
(1)		Loss on assets held for sale was recorded in (Gain) loss on sale of business and other exit costs, net in the Consolidated Statement of Operations.
(2)		Liabilities held for sale primarily consisted of Customer deposits and deferred revenues.
(3)		Effective January 1, 2013, U.S. Cellular transferred its Bolingbrook Customer Care Center operations to an existing third party vendor.

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