| Earnings per share |
The amounts used in computing basic and diluted earnings (loss) per share attributable to TDS common shareholders were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (Dollars and shares in thousands, except per share amounts) | | | | | | | | | Net income (loss) from continuing operations attributable to TDS common shareholders | $ | 260,649 | | | $ | (6,041) | | | $ | 389,957 | | | $ | (29,279) | | | Net income from discontinued operations attributable to TDS common shareholders | 20,411 | | | 306 | | | 18,391 | | | 13,708 | | | Net income (loss) attributable to TDS common shareholders used in basic earnings (loss) per share | 281,060 | | | (5,735) | | | 408,348 | | | (15,571) | | | Adjustments to compute diluted earnings (loss): | | | | | | | | | Noncontrolling interest adjustment | (90) | | | (278) | | | (242) | | | (452) | | | Net income (loss) attributable to TDS common shareholders used in diluted earnings (loss) per share | $ | 280,970 | | | $ | (6,013) | | | $ | 408,106 | | | $ | (16,023) | | | | | | | | | | | Weighted average number of shares used in basic earnings (loss) per share: | | | | | | | | | Common Shares | 106,958 | | | 107,693 | | | 106,651 | | | 107,373 | | | Series A Common Shares | 7,542 | | | 7,536 | | | 7,542 | | | 7,535 | | | Total | 114,500 | | | 115,229 | | | 114,193 | | | 114,908 | | | | | | | | | | | Effects of dilutive securities | 1,791 | | | — | | | 2,272 | | | — | | | Weighted average number of shares used in diluted earnings (loss) per share | 116,291 | | | 115,229 | | | 116,465 | | | 114,908 | | | | | | | | | | | Basic earnings (loss) per share from continuing operations attributable to TDS common shareholders | $ | 2.28 | | | $ | (0.05) | | | $ | 3.42 | | | $ | (0.25) | | | Basic earnings from discontinued operations attributable to TDS common shareholders | 0.17 | | | — | | | 0.16 | | | 0.11 | | | Basic earnings (loss) per share attributable to TDS common shareholders | $ | 2.45 | | | $ | (0.05) | | | $ | 3.58 | | | $ | (0.14) | | | | | | | | | | | Diluted earnings (loss) per share from continuing operations attributable to TDS common shareholders | $ | 2.24 | | | $ | (0.05) | | | $ | 3.35 | | | $ | (0.26) | | | Diluted earnings from discontinued operations attributable to TDS common shareholders | 0.18 | | | — | | | 0.15 | | | 0.12 | | | Diluted earnings (loss) per share attributable to TDS common shareholders | $ | 2.42 | | | $ | (0.05) | | | $ | 3.50 | | | $ | (0.14) | |
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