Cablevision 2014 Annual Report Download - page 147

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COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except share and per share amounts)
F-58
taxes 865,307 of these shares, with an aggregate value of $12,262 were surrendered to the Company. These acquired shares have
been classified as treasury stock.
As of December 31, 2014, there was $55,529 of total unrecognized compensation cost related to Cablevision's unvested options
and restricted shares granted under Cablevision's stock plans. The unrecognized compensation cost is expected to be recognized
over a weighted-average period of approximately 1 year.
Long-Term Incentive Plans
In April 2006, Cablevision's Board of Directors approved the Cablevision Systems Corporation 2006 Cash Incentive Plan, which
was approved by Cablevision's stockholders at its annual stockholders meeting in May 2006.
In connection with the long-term incentive awards outstanding, the Company has recorded expenses of $43,892, $24,596 and
$10,167 for the years ended December 31, 2014, 2013 and 2012, respectively. At December 31, 2014, the Company had accrued
$42,653 for performance based awards for which the performance criteria had not yet been met as of December 31, 2014 as such
awards are based on achievement of certain performance criteria through December 31, 2016. The Company has accrued the
amount that it currently believes will ultimately be paid based upon the performance criteria established for these performance
based awards. In 2012, the Company reversed certain accruals related to awards with performance criteria through 2013 that was
not expected to be achieved.
NOTE 15. RELATED PARTY TRANSACTIONS
Cablevision is controlled by Charles F. Dolan, certain members of his immediate family and certain family related entities
(collectively the “Dolan Family”). Members of the Dolan Family are also the controlling stockholders of both AMC Networks
and Madison Square Garden.
The following table summarizes the revenue and charges (credits) related to services provided to or received from AMC Networks
not discussed elsewhere in the accompanying combined notes to the consolidated financial statements:
Years Ending December 31,
2014 2013 2012
Revenues, net...................................................................................................................... $ 1,841 $ 2,483 $ 3,246
Operating expenses:
Technical expenses, net of credits.................................................................................... $ 21,785 $ 22,963 $ 22,751
Selling, general and administrative expenses (credits):
General and administrative expense allocations.......................................................... (584)(1,458) 1,777
Other............................................................................................................................ — (407)(454)
Selling, general and administrative expenses (credits), subtotal............................... (584)(1,865) 1,323
Operating expenses, net ............................................................................................ 21,201 21,098 24,074
Net charges................................................................................................................ $ 19,360 $ 18,615 $ 20,828
The following table summarizes the revenue and charges (credits) related to services provided to or received from Madison
Square Garden not discussed elsewhere in the accompanying combined notes to the consolidated financial statements: