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United States Cellular Corporation
Notes to the Consolidated Financial Statements (Continued)
NOTE 15 STOCK-BASED COMPENSATION (Continued)
Stock-Based Compensation Expense
The following table summarizes stock-based compensation expense recognized during 2012, 2011 and
2010:
Year Ended December 31, 2012 2011 2010
(Dollars in thousands)
Stock option awards ....................................... $ 8,471 $ 9,549 $ 7,179
Restricted stock unit awards ................................. 12,300 10,037 10,056
Deferred compensation bonus and matching stock unit awards ........ 240 12 165
Awards under employee stock purchase plan ..................... — 255 314
Awards under Non-Employee Director compensation plan ............ 455 330 330
Total stock-based compensation, before income taxes ............... 21,466 20,183 18,044
Income tax benefit ........................................ (8,121) (7,581) (6,812)
Total stock-based compensation expense, net of income taxes ........ $13,345 $12,602 $11,232
The following table provides a summary of the stock-based compensation expense included in the
Consolidated Statement of Operations for the years ended:
December 31, 2012 2011 2010
(Dollars in thousands)
Selling, general and administrative expense ...................... $18,437 $17,538 $16,009
System operations ........................................ 3,029 2,645 2,035
Total stock-based compensation expense ........................ $21,466 $20,183 $18,044
At December 31, 2012, unrecognized compensation cost for all U.S. Cellular stock-based compensation
awards was $24.6 million and is expected to be recognized over a weighted average period of 1.8 years.
U.S. Cellular’s tax benefits realized from the exercise of stock options and other awards totaled
$3.6 million in 2012.
NOTE 16 SUPPLEMENTAL CASH FLOW DISCLOSURES
Following are supplemental cash flow disclosures regarding interest paid and income taxes paid.
Year Ended December 31, 2012 2011 2010
(Dollars in thousands)
Interest paid ............................................ $44,048 $ 55,580 $59,049
Income taxes paid (refunded) ............................... $(58,609) $(54,469) $53,050
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