Annual report pursuant to Section 13 and 15(d)

Earnings per Share (Details)

v2.4.0.6
Earnings per Share (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Numerator:                          
Net income $ 156,244 $ 74,514 $ 3,134,170 $ 107,774 $ 71,336 $ 104,185 $ 173,319 $ 78,121     $ 3,472,702 $ 426,961 $ 43,055
Less:                          
Allocation of undistributed income to Series B Preferred Stock                     (1,084,895) (174,449) (17,735)
Dividends paid to preferred stockholders                     (64,675) 0 0
Net income available to common stockholders for basic net income per common share                     2,323,132 252,512 25,320
Add back:                          
Allocation of undistributed income to Series B Preferred Stock                     1,084,895 174,449 17,735
Dividends paid to preferred stockholders                     64,675 0 0
Effect of interest on assumed conversions of convertible debt                     38,500 0 0
Net income available to common stockholders for diluted net income per common share                     $ 3,511,202 $ 426,961 $ 43,055
Denominator:                          
Weighted average common shares outstanding for basic net income per common share                     4,209,073 3,744,606 3,693,259
Weighted average impact of assumed Series B Preferred Stock conversion                     2,215,900 2,586,977 2,586,977
Weighted average impact of assumed convertible debt                     298,725 0 0
Weighted average impact of other dilutive equity instruments                     150,088 169,239 110,835
Weighted average shares for diluted net income per common share                     6,873,786 6,500,822 6,391,071
Net income per common share:                          
Basic (in dollars per share) $ 0.02 [1],[2] $ 0.01 [1],[2] $ 0.49 [1],[2] $ 0.02 [1],[2] $ 0.01 [1],[2] $ 0.02 [1],[2] $ 0.03 [1],[2] $ 0.01 [1],[2] $ 0.51 $ 0.04 $ 0.55 $ 0.07 $ 0.01
Diluted (in dollars per share) $ 0.02 [1] $ 0.01 [1] $ 0.48 [1] $ 0.02 [1] $ 0.01 [1] $ 0.02 [1] $ 0.03 [1] $ 0.01 [1]     $ 0.51 $ 0.07 $ 0.01
[1] The sum of quarterly net income per share applicable to common stockholders (basic and diluted) does not necessarily agree to the net income per share for the year due to the timing of our common stock issuances.
[2] We identified and corrected an immaterial error affecting the historical presentation of basic earnings per share. The adjustment reflects the Series B Preferred Stock held by Liberty Media as participating securities as the holders of such preferred stock may participate in dividends and distributions ratably with holders of our common stock on an as-converted basis as disclosed in Footnote 3. The effects of the error were not material to any previously reported quarterly or annual period. The corrected net income per common share--basic calculations are presented in the quarterly results of operations table. The previously reported net income per common share--basic for the three months ended March 31, 2012 and June 30, 2012 were $0.03 and $0.83, respectively. The previously reported net income per common share--basic for the six months ended June 30, 2012 was $0.86 and the adjusted net income per common share--basic was $0.51. The previously reported net income per common share--basic for the three month ended March 31, 2011, June 30, 2011, and December 31, 2011 were $0.02, $0.05 and $0.02, respectively. The previously reported net income per common share--basic for the six months ended June 30, 2011 was $0.07 and the adjusted net income per common share--basic was $0.04.