Cablevision 2013 Annual Report Download - page 140

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
F-31
During the years ended December 31, 2013, 2012 and 2011, CSC Holdings made equity distribution cash
payments to Cablevision aggregating $501,224, $671,809 and $929,947, respectively. These distribution
payments were funded from cash on hand. The proceeds were used to fund:
x Cablevision's dividends paid;
x Cablevision's interest and principal payments on its senior notes;
x Cablevision's payments for the acquisition of treasury shares related to statutory minimum tax
withholding obligations upon the vesting of certain restricted shares;
x Cablevision's repurchases of certain outstanding senior notes in 2013; and
x the repurchase of CNYG Class A common stock under Cablevision's share repurchase program
in 2012 and 2011 (see Note 19).
Additionally on June 30, 2011, CSC Holdings distributed to Cablevision all of the outstanding common
stock of AMC Networks.
Income 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 shares held by
AMC Networks and Madison Square Garden employees).
The following table presents a reconciliation of weighted average shares used in the calculations of the
basic and diluted net income per share attributable to Cablevision stockholders:
Anti-dilutive shares (options whose exercise price exceeds the average market price of Cablevision's
common stock during the period and certain restricted shares) totaling approximately 1,336,000,
1,257,000 and 303,000 shares (which include Company options held by AMC Networks and Madison
Square Garden employees), have been excluded from diluted weighted average shares outstanding for the
years ended December 31, 2013, 2012 and 2011, respectively. In addition, approximately 1,298,000 and
756,400 restricted shares issued pursuant to the Company's employee stock plan have also been excluded
from the diluted weighted average shares outstanding for the year ended December 31, 2013 and 2012,
respectively, as the performance criteria on these awards have not yet been satisfied.
CSC Holdings
Net income per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability
company and a wholly-owned subsidiary of Cablevision.
2013 2012 2011
(in thousands)
Basic weighted average shares outstanding .............................
.
260,763 262,258 276,369
Effect of dilution:
Stock options ......................................................................
.
3,026 2,588 3,320
Restricted stock awards .......................................................
.
2,146 2,484 5,215
Diluted weighted average shares outstanding ..........................
.
265,935 267,330 284,904