US Cellular 2009 Annual Report Download - page 76

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UNITED STATES CELLULAR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 15 COMMON SHAREHOLDERS’ EQUITY (Continued)
Share repurchases made under this authorization and prior authorizations, were as follows:
Number of Average Cost
Year Ended December 31, Shares Per Share Amount
(Dollars and share amounts in thousands)
2009
U.S. Cellular Common Shares ........................... 887 $37.86 $33,585
2008
U.S. Cellular Common Shares ........................... 600 $54.87 $32,920
2007
U.S. Cellular Common Shares
purchased through ASR transactions(1) ................... 1,006 $82.85 $83,348
(1) U.S. Cellular received $4.6 million in 2008 as a final cash settlement of Common Share repurchases
executed in 2007 through an accelerated share repurchase transactions with an investment banking
firm.
Pursuant to certain employee and non-employee benefit plans, U.S. Cellular reissued 147,414, 283,567
and 880,647 Treasury Shares in 2009, 2008 and 2007, respectively.
Accumulated Other Comprehensive Income
The cumulative balance of unrealized gains and (losses) on marketable equity securities and the related
income tax effects included in Accumulated other comprehensive income were as follows:
(Dollars in thousands) 2009 2008
Balance, beginning of period .......................... $ — $10,134
Add (deduct):
Unrealized gain ................................... — 338
Deferred income tax ............................... — (124)
Net change in unrealized gains in comprehensive income . . — 214
Recognized gain(1) ................................ — (16,356)
Deferred income tax ............................... — 6,008
Net recognized gain in comprehensive income .......... — (10,348)
Net change in comprehensive income .................... — (10,134)
Balance, end of period ............................... $ — $ —
(1) See Note 4—Gain on Disposition of Investments for additional details on the disposition of
marketable equity securities.
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