Quarterly report pursuant to Section 13 or 15(d)

Business and Summary of Significant Accounting Principles (Tables)

v3.2.0.727
Business and Summary of Significant Accounting Principles (Tables)
 6 Months Ended
Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the allocation of total consideration transferred to ACS between the AWN NCI Acquisition and the Acquired ACS Assets (amounts in thousands):
Total consideration transfered to ACS
 
$
304,838

 
 
 
Allocation of consideration between wireless assets and non-controlling interest acquired:
 
 
AWN non-controlling interest
 
$
303,831

Property and equipment
 
746

Other intangible assets
 
261

Total consideration
 
$
304,838

Schedule of Business Acquisitions, by Acquisition
The impact of the AWN NCI Acquisition is summarized in the following table (amounts in thousands):
Reduction of non-controlling interest
 
$
268,364

Additional paid-in capital
 
35,467

Fair value of consideration paid for acquisition of equity interest
 
$
303,831

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

Earnings (loss) per common share (“EPS”) and common shares used to calculate basic and diluted EPS consist of the following (amounts in thousands, except per share amounts):
 
Three Months Ended June 30,
 
2015
 
2014
 
Class A
 
Class B
 
Class A
 
Class B
Basic net income (loss) per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income (loss) available to common stockholders
$
(14,330
)
 
(1,297
)
 
$
5,476

 
451

Less: Undistributed income allocable to participating securities
—

 
—

 
(320
)
 
—

Undistributed income (loss) allocable to common stockholders
(14,330
)
 
(1,297
)
 
5,156

 
451

Denominator:
 

 
 

 
 

 
 

Weighted average common shares outstanding
34,887

 
3,159

 
36,143

 
3,162

Basic net income (loss) attributable to GCI common stockholders per common share
$
(0.41
)
 
(0.41
)
 
$
0.14

 
0.14


 
Three Months Ended June 30,
 
2015
 
2014
 
Class A
 
Class B
 
Class A
 
Class B
Diluted net income per share:
 

 
 

 
 

 
 

Numerator:
 

 
 

 
 

 
 

Allocation of undistributed earnings (loss) for basic computation
$
(14,330
)
 
(1,297
)
 
$
5,156

 
451

Reallocation of undistributed earnings (loss) as a result of conversion of Class B to Class A shares
(1,297
)
 
—

 
451

 
—

Reallocation of undistributed earnings as a result of conversion of dilutive securities
—

 
—

 
2

 
(2
)
Effect of share based compensation that may be settled in cash or shares
—

 
—

 
(5
)
 
—

Net income (loss) adjusted for allocation of undistributed earnings and effect of contracts that may be settled in cash or shares
$
(15,627
)
 
(1,297
)
 
$
5,604

 
449

Denominator:
 

 
 

 
 

 
 

Number of shares used in basic computation
34,887

 
3,159

 
36,143

 
3,162

Conversion of Class B to Class A common shares outstanding
3,159

 
—

 
3,162

 
—

Unexercised stock options
—

 
—

 
122

 
—

Effect of share based compensation that may be settled in cash or shares
—

 
—

 
26

 
—

Number of shares used in per share computation
38,046

 
3,159

 
39,453

 
3,162

Diluted net income (loss) attributable to GCI common stockholders per common share
$
(0.41
)
 
(0.41
)
 
$
0.14

 
0.14


 
Six Months Ended June 30, 2015
 
2015
 
2014
 
Class A
 
Class B
 
Class A
 
Class B
Basic net income (loss) per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income (loss) available to common stockholders
$
(32,048
)
 
(2,848
)
 
$
6,526

 
541

Less: Undistributed income allocable to participating securities
—

 
—

 
(354
)
 
—

Undistributed income (loss) allocable to common stockholders
(32,048
)
 
(2,848
)
 
6,172

 
541

Denominator:
 

 
 

 
 

 
 

Weighted average common shares outstanding
35,548

 
3,159

 
36,112

 
3,163

Basic net income (loss) attributable to GCI common stockholders per common share
$
(0.90
)
 
(0.90
)
 
$
0.17

 
0.17


 
Six Months Ended June 30, 2015
 
2015
 
2014
 
Class A
 
Class B
 
Class A
 
Class B
Diluted net income per share:
 

 
 

 
 

 
 

Numerator:
 

 
 

 
 

 
 

Allocation of undistributed earnings (loss) for basic computation
$
(32,048
)
 
(2,848
)
 
$
6,172

 
541

Reallocation of undistributed earnings (loss) as a result of conversion of Class B to Class A shares
(2,848
)
 
—

 
541

 
—

Reallocation of undistributed earnings as a result of conversion of dilutive securities
—

 
—

 
1

 
(2
)
Effect of share based compensation that may be settled in cash or shares
—

 
—

 
(2
)
 
—

Net income (loss) adjusted for allocation of undistributed earnings and effect of contracts that may be settled in cash or shares
$
(34,896
)
 
(2,848
)
 
$
6,712

 
539

Denominator:
 

 
 

 
 

 
 

Number of shares used in basic computation
35,548

 
3,159

 
36,112

 
3,163

Conversion of Class B to Class A common shares outstanding
3,159

 
—

 
3,163

 
—

Unexercised stock options
—

 
—

 
121

 
—

Effect of share based compensation that may be settled in cash or shares
—

 
—

 
26

 
—

Number of shares used in per share computation
38,707

 
3,159

 
39,422

 
3,163

Diluted net income (loss) attributable to GCI common stockholders per common share
$
(0.90
)
 
(0.90
)
 
$
0.17

 
0.17

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Weighted average shares associated with outstanding securities for the three and six months ended June 30, 2015 and 2014, which have been excluded from the computations of diluted EPS, because the effect of including these securities would have been anti-dilutive, consist of the following (shares, in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Derivative instruments that may be settled in cash or shares, the effect of which is anti-dilutive
612

 
—

 
486

 
—

Shares associated with anti-dilutive unexercised stock options
120

 
28

 
119

 
31

Share-based compensation that may be settled in cash or shares, the effect of which is anti-dilutive
26

 
—

 
26

 
—

Total excluded
758

 
28

 
631

 
31

Schedule of Stock by Class
Following are the changes in issued common stock for the six months ended June 30, 2015 and 2014 (shares, in thousands):
 
Class A
 
Class B
Balances at December 31, 2013
37,299

 
3,165

Class B shares converted to Class A
3

 
(3
)
Shares issued upon stock option exercises
20

 
—

Share awards issued
1,187

 
—

Shares retired
(29
)
 
—

Shares acquired to settle minimum statutory tax withholding requirements
(25
)
 
—

Balances at June 30, 2014
38,455

 
3,162

 
 
 
 
Balances at December 31, 2014
37,998

 
3,159

Class B shares converted to Class A
1

 
(1
)
Shares issued upon stock option exercises
38

 
—

Share awards issued
647

 
—

Shares retired
(2,331
)
 


Shares acquired to settle minimum statutory tax withholding requirements
(73
)
 
—

Balances at June 30, 2015
36,280

 
3,158

Excise And Sales Taxes
 The following are certain surcharges reported on a gross basis in our Consolidated Statements of Operations (amounts in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Surcharges reported gross
$
1,384

 
1,101

 
2,533

 
2,234