Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2011
Selected Quarterly Financial Data (Unaudited) [Abstract]  
Selected Quarterly Financial Data (Unaudited) [Text Block]

(14)       Selected Quarterly Financial Data (Unaudited)

 

The following is a summary of unaudited quarterly results of operations for the years ended December 31, 2011 and 2010 (amounts in thousands, except per share amounts):

 

      First Second Third Fourth
  Quarter Quarter Quarter Quarter
2011          
Total revenues $ 164,777 168,089 177,703 168,812
Operating income $ 20,408 22,446 31,884 15,981
Net income (loss) attributable to GCI $ 1,485 (1,957) 7,210 (899)
Basic net income (loss) attributable to GCI per common share $ 0.03 (0.04) 0.16 (0.02)
Diluted net income (loss) attributable to GCI per common share1 $ 0.03 (0.04) 0.15 (0.03)
             
2010          
Total revenues $ 152,419 162,326 171,509 164,996
Operating income $ 19,129 25,048 30,203 14,131
Net income (loss) attributable to GCI $ 1,674 1,930 7,583 (2,232)
Basic net income (loss) attributable to GCI per common share $ 0.03 0.04 0.14 (0.05)
Diluted net income (loss) attributable to GCI per common share $ 0.03 0.04 0.14 (0.05)
             
1 Due to rounding, the sum of quarterly diluted net income (loss) attributable to GCI per common share amounts does not agree to total year diluted net income attributable to GCI per common share.
             
             

During the fourth quarter of 2011, the FCC published its High Cost Order (please refer to Note 1(t), Revenue Recognition, for more information.) The High Cost Order program changes decreased our revenue for the fourth quarter $3.5 million.