US Cellular 2015 Annual Report Download - page 106

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Share repurchases made under these authorizations were as follows:
Number of Average Cost
Year Ended December 31, Shares Per Share Amount
(Shares and dollar amounts in thousands, except per share amounts)
2015
U.S. Cellular Common Shares ........................... 178 $ 34.86 $ 6,188
TDS Common Shares ................................ – – –
2014
U.S. Cellular Common Shares ........................... 496 $ 38.19 $ 18,943
TDS Common Shares ................................ 1,542 25.36 39,096
2013
U.S. Cellular Common Shares ........................... 499 $ 37.19 $ 18,544
TDS Common Shares ................................ 339 28.60 9,692
NOTE 17 STOCK-BASED COMPENSATION
TDS Consolidated
The following table summarizes stock-based compensation expense recognized during 2015, 2014 and 2013:
Year Ended December 31, 2015 2014 2013
(Dollars in thousands)
Stock option awards ................................. $ 18,431 $ 15,802 $ 12,973
Restricted stock unit awards ............................. 20,067 17,968 15,535
Deferred compensation bonus and matching stock unit awards ....... 622 690 550
Awards under Non-Employee Director compensation plan .......... 1,280 1,333 1,280
Total stock-based compensation, before income taxes ............. 40,400 35,793 30,338
Income tax benefit ................................... (15,267) (13,519) (11,459)
Total stock-based compensation expense, net of income taxes ....... $ 25,133 $ 22,274 $ 18,879
At December 31, 2015, unrecognized compensation cost for all stock-based compensation awards was $42.8 million
and is expected to be recognized over a weighted average period of 1.9 years.
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, 2015 2014 2013
(Dollars in thousands)
Selling, general and administrative expense .................... $ 37,465 $ 32,505 $ 27,130
Cost of services and products ............................ 2,935 3,288 3,208
Total stock-based compensation ........................... $ 40,400 $ 35,793 $ 30,338
TDS’ tax benefits realized from the exercise of stock options and other awards totaled $7.7 million in 2015.
TDS (Excluding U.S. Cellular)
The information in this section relates to stock-based compensation plans using the equity instruments of TDS.
Participants in these plans are employees of TDS Corporate and TDS Telecom and Non-employee Directors of TDS.
Information related to plans using the equity instruments of U.S. Cellular are shown in the U.S. Cellular section following
the TDS section.
Under the TDS Long-Term Incentive Plans, TDS may grant fixed and performance based incentive and non-qualified
stock options, restricted stock, restricted stock units, and deferred compensation stock unit awards to key employees.
TDS had reserved 17,389,000 Common Shares at December 31, 2015 for equity awards granted and to be granted
under the TDS Long-Term Incentive Plans in effect. At December 31, 2015, the only types of awards outstanding are
fixed non-qualified stock option awards, restricted stock unit awards, and deferred compensation stock unit awards.
98
TELEPHONE AND DATA SYSTEMS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS