Charter 2013 Annual Report Download - page 111

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2013, 2012 AND 2011
(dollars in millions, except share or per share data or where indicated)
F- 29
A summary of the activity for the Company’s restricted stock units for the years ended December 31, 2013, 2012 and 2011, is as
follows (amounts in thousands, except per share data):
Year Ended December 31,
2013 2012 2011
Shares
Weighted
Average
Grant
Price Shares
Weighted
Average
Grant
Price Shares
Weighted
Average
Grant
Price
Outstanding, beginning of period 327 $ 61.79 273 $ 54.86 — $ —
Granted 73 $ 109.96 142 $ 71.33 276 $ 54.87
Vested (88) $ 61.17 (52) $ 56.59 — $ —
Canceled (24) $ 55.28 (36) $ 54.47 (3) $ 55.12
Outstanding, end of period 288 $ 74.73 327 $ 61.79 273 $ 54.86
16. Income Taxes
All of Charter’s operations are held through Charter Holdco and its direct and indirect subsidiaries. Charter Holdco and the
majority of its subsidiaries are generally limited liability companies that are not subject to income tax. However, certain of these
limited liability companies are subject to state income tax. In addition, the indirect subsidiaries that are corporations are subject
to federal and state income tax. All of the remaining taxable income, gains, losses, deductions and credits of Charter Holdco are
passed through to Charter and its direct subsidiaries.
For the years ended December 31, 2013, 2012, and 2011, the Company recorded deferred income tax expense and benefits as
shown below. Income tax expense is recognized primarily through increases in deferred tax liabilities related to the Company's
investment in Charter Holdco, as well as through current federal and state income tax expense and increases in the deferred tax
liabilities of certain of its indirect corporate subsidiaries. Income tax benefits are realized through reductions in the deferred tax
liabilities related to Charter’s investment in Charter Holdco, as well as the deferred tax liabilities of certain of Charter’s indirect
corporate subsidiaries. The tax provision in future periods will vary based on current and future temporary differences, as well
as future operating results.