Cablevision 2011 Annual Report Download - page 154

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-30
During the years ended December 31, 2011 and 2010, CSC Holdings made equity distribution payments
to Cablevision, its sole member, aggregating $929,947 and $556,272, respectively. The proceeds were
used to fund:
• Cablevision's dividends paid;
• Cablevision's interest payments on its senior notes;
• Cablevision's payments for the acquisition of treasury shares related to statutory minimum tax
withholding obligations upon the vesting of certain restricted shares; and
• the repurchase of CNYG Class A common stock under Cablevision's share repurchase program
(see Note 21).
Additionally on June 30, 2011, CSC Holdings distributed to Cablevision all of the outstanding common
stock of AMC Networks and on February 9, 2010, CSC Holdings distributed to Cablevision all of the
outstanding common stock of Madison Square Garden.
In 2009, CSC Holdings made cash equity distributions to Cablevision, aggregating $790,082. The
proceeds were used to fund:
• Cablevision's dividends paid in 2009;
• Cablevision's interest payments on its senior notes;
• Cablevision's payments for the acquisition of treasury shares related to statutory minimum tax
withholding obligations upon the vesting of certain restricted shares;
• Cablevision's repurchase of a portion of Cablevision's April 2009 notes pursuant to the tender
offer completed in March 2009 ($196,269) (see Note 11); and
• Cablevision's repayment of the remaining outstanding balance of its April 2009 notes upon
their maturity ($303,731) (see Note 11).
Income (Loss) Per Common Share
Cablevision
Basic net income per common share attributable to Cablevision stockholders is computed by dividing net
income attributable to Cablevision stockholders by the weighted average number of common shares
outstanding during the period. Diluted net income per common share attributable to Cablevision
stockholders reflects the dilutive effects of stock options and restricted stock (including stock options and
restricted stock held by AMC Networks and Madison Square Garden employees).