Charter 2009 Annual Report Download - page 82

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CCH II, LLC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2009, 2008, AND 2007
(dollars in millions, except where indicated)
F-34
A summary of the activity for Charter’ s performance units and shares for the eleven months ended November 30,
2009 and years ended December 31, 2008, and 2007, is as follows (amounts in thousands, except per share data).
No performance units or shares were granted in 2009. On the Effective Date, all remaining performance units and
shares were cancelled.
Predecessor
Eleven Months Ended
November 30, Year Ended December 31,
2009 2008 2007
Weighted Weighted
Weighted
Average Average Average
Grant Grant Grant
Shares Price Shares Price Shares Price
Outstanding, beginning of period 33,037 $ 1.80 28,013 $ 2.16 15,206 $ 1.27
Granted -- $ -- 10,137 $ 0.84 14,797 $ 2.95
Vested (951) $ 1.21 (1,562) $ 1.49 (41) $ 1.23
Cancelled (32,086) $ 1.81 (3,551) $ 2.08 (1,949) $ 1.51
Outstanding, end of period -- $ -- 33,037 $ 1.80 28,013 $ 2.16
19. Income Taxes
CCH II is a single member limited liability company not subject to income tax. CCH II holds all operations through
indirect subsidiaries. The majority of these indirect subsidiaries are limited liability companies that are not subject
to income tax. However, certain of the limited liability companies are subject to state income tax. In addition,
certain of CCH II’ s indirect subsidiaries are corporations that are subject to income tax.
For the one month ended December 31, 2009, eleven months ended November 30, 2009 and years ended
December 31, 2008, and 2007, the Company recorded deferred income tax expense and benefits as shown below.
The income tax expense is recognized through increases in deferred tax liabilities and current federal and state
income taxes primarily related to fresh start accounting and differences in accounting for franchises at the
Company’ s indirect corporate subsidiaries and limited liability companies that are subject to income tax. The
income tax benefits were realized through decreases in deferred tax liabilities of certain of its indirect subsidiaries
attributable to the write-down of franchise assets for financial statement purposes and not for tax purposes. The tax
provision in future periods will vary based on current and future temporary differences, as well as future operating
results.