2012 Q4 Form 10-K Financial Statement

#000104746913001769 Filed on February 27, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q1 2011 Q4
Revenue $82.61M $76.89M $79.09M
YoY Change 4.45% 4.67% 13.8%
Cost Of Revenue $37.65M $34.34M $33.52M
YoY Change 12.32% 8.07% 7.79%
Gross Profit $44.96M $42.55M $45.57M
YoY Change -1.34% 2.07% 18.67%
Gross Profit Margin 54.42% 55.34% 57.62%
Selling, General & Admin $19.70M $21.30M $19.50M
YoY Change 1.03% 9.23% 9.55%
% of Gross Profit 43.82% 50.06% 42.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.10M $15.20M $15.10M
YoY Change 6.62% 2.7% -73.27%
% of Gross Profit 35.81% 35.72% 33.14%
Operating Expenses $35.70M $36.60M $34.70M
YoY Change 2.88% 6.71% 6.44%
Operating Profit $9.169M $5.968M $10.90M
YoY Change -15.87% -18.89% 87.91%
Interest Expense -$8.400M -$8.600M -$8.600M
YoY Change -2.33% 16.22% 109.76%
% of Operating Profit -91.61% -144.1% -78.91%
Other Income/Expense, Net
YoY Change
Pretax Income $800.0K -$2.700M $2.300M
YoY Change -65.22% 35.29%
Income Tax $1.100M -$600.0K -$3.100M
% Of Pretax Income 137.5% -134.78%
Net Earnings -$300.0K -$2.100M $5.400M
YoY Change -105.56% 600.0% 107.69%
Net Earnings / Revenue -0.36% -2.73% 6.83%
Basic Earnings Per Share
Diluted Earnings Per Share -$6.593K -$46.46K $118.4K
COMMON SHARES
Basic Shares Outstanding 45.49M shares 45.24M shares 45.04M shares
Diluted Shares Outstanding 45.49M shares 45.24M shares 45.58M shares

Balance Sheet

Concept 2012 Q4 2012 Q1 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $247.3M $232.3M $238.2M
YoY Change 3.82% 3.11% 323.09%
Cash & Equivalents $247.3M $232.3M $238.2M
Short-Term Investments
Other Short-Term Assets $10.00M $12.30M $10.10M
YoY Change -0.99% 10.81% 16.09%
Inventory
Prepaid Expenses
Receivables $23.99M $24.90M $25.03M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $281.3M $269.5M $273.3M
YoY Change 2.91% 3.3% 208.31%
LONG-TERM ASSETS
Property, Plant & Equipment $311.2M $311.1M $308.0M
YoY Change 1.04% 3.46% 9.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.10M $16.60M $16.40M
YoY Change -14.02% 46.9% 134.29%
Total Long-Term Assets $325.3M $327.8M $324.4M
YoY Change 0.28% 5.06% 12.84%
TOTAL ASSETS
Total Short-Term Assets $281.3M $269.5M $273.3M
Total Long-Term Assets $325.3M $327.8M $324.4M
Total Assets $606.5M $597.3M $597.7M
YoY Change 1.49% 4.26% 58.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.73M $15.30M $14.20M
YoY Change 3.77% 15.91% -11.14%
Accrued Expenses $26.52M $20.50M $21.94M
YoY Change 20.85% 2.5% 12.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.50M $9.700M $11.70M
YoY Change -10.26% 25.97% 91.8%
Total Short-Term Liabilities $51.74M $45.50M $47.84M
YoY Change 8.15% 11.25% 14.84%
LONG-TERM LIABILITIES
Long-Term Debt $384.9M $376.4M $374.6M
YoY Change 2.75% 2.01% 111.88%
Other Long-Term Liabilities $10.07M $10.40M $11.20M
YoY Change -10.11% 70.49% 91.11%
Total Long-Term Liabilities $10.07M $386.8M $11.20M
YoY Change -10.11% 3.12% 91.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.74M $45.50M $47.84M
Total Long-Term Liabilities $10.07M $386.8M $11.20M
Total Liabilities $446.8M $432.3M $433.7M
YoY Change 3.02% 3.92% 93.33%
SHAREHOLDERS EQUITY
Retained Earnings -$338.3M -$324.5M
YoY Change 4.25%
Common Stock $497.4M $489.1M
YoY Change 1.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $159.8M $165.0M $164.0M
YoY Change
Total Liabilities & Shareholders Equity $606.5M $597.3M $597.7M
YoY Change 1.49% 4.26% 58.91%

Cashflow Statement

Concept 2012 Q4 2012 Q1 2011 Q4
OPERATING ACTIVITIES
Net Income -$300.0K -$2.100M $5.400M
YoY Change -105.56% 600.0% 107.69%
Depreciation, Depletion And Amortization $16.10M $15.20M $15.10M
YoY Change 6.62% 2.7% -73.27%
Cash From Operating Activities $32.30M $12.70M $27.30M
YoY Change 18.32% -5.93% 24.09%
INVESTING ACTIVITIES
Capital Expenditures -$10.20M -$12.30M -$10.50M
YoY Change -2.86% -3.91% -11.02%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$10.30M -$12.20M -$10.40M
YoY Change -0.96% -4.69% -10.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.300M -7.000M -1.900M
YoY Change 284.21% -104.18% 0.0%
NET CHANGE
Cash From Operating Activities 32.30M 12.70M 27.30M
Cash From Investing Activities -10.30M -12.20M -10.40M
Cash From Financing Activities -7.300M -7.000M -1.900M
Net Change In Cash 14.70M -6.500M 15.00M
YoY Change -2.0% -103.86% 76.47%
FREE CASH FLOW
Cash From Operating Activities $32.30M $12.70M $27.30M
Capital Expenditures -$10.20M -$12.30M -$10.50M
Free Cash Flow $42.50M $25.00M $37.80M
YoY Change 12.43% -4.94% 11.83%

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CY2011 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
170512000 USD
CY2011 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
15540000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2969000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
633000 USD
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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45492847 shares
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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44731858 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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45021507 shares
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
152636000 USD
CY2010 us-gaap Repayments Of Long Term Capital Lease Obligations
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19148000 USD
CY2010 us-gaap Proceeds From Stock Options Exercised
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274000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-18874000 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
535000 USD
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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-714000 USD
CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
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9078000 USD
CY2011 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
181924000 USD
CY2010 us-gaap Net Cash Provided By Used In Continuing Operations
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354000 USD
CY2012 us-gaap Interest Paid
InterestPaid
26107000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
428000 USD
CY2011 us-gaap Interest Paid
InterestPaid
24602000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
810000 USD
CY2011 us-gaap Capital Lease Obligations Incurred
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41959000 USD
CY2010 us-gaap Interest Paid
InterestPaid
11925000 USD
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-22000 USD
CY2010 us-gaap Income Taxes Paid
IncomeTaxesPaid
303000 USD
CY2010 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
23291000 USD
CY2010 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
208000 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
COGENT COMMUNICATIONS GROUP INC
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001158324
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q2 dei Entity Public Float
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845000000 USD
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
47129700 shares
CY2012 us-gaap Use Of Estimates
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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="FONT-FAMILY: times"><font size="2"><i>Use of estimates</i></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The preparation of consolidated financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates.</font></p></div>
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-14868000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
20411000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-23911000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due Current
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29968000 USD
CY2012 us-gaap Concentration Risk Credit Risk
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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="FONT-FAMILY: times"><font size="2"><i>Concentrations of credit risk</i></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company's assets that are exposed to credit risk consist of its cash and cash equivalents, other assets and accounts receivable. As of December&#160;31, 2012 and 2011, the Company's cash equivalents were invested in demand deposit accounts, overnight investments and money market funds. The Company places its cash equivalents in instruments that meet high-quality credit standards as specified in the Company's investment policy guidelines. Accounts receivable are due from customers located in major metropolitan areas in the United States, Europe, Canada and Mexico. Receivables from the Company's net-centric (wholesale) customers are subject to a higher degree of credit risk than the Company's corporate customers.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company relies upon an equipment vendor for the majority of its network equipment and is also dependent upon many third-party fiber providers for providing its services to its customers.</font></p></div>
CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
735000 USD
CY2010 ccoi Income Tax Reconciliation Alternative Minimum Tax
IncomeTaxReconciliationAlternativeMinimumTax
-564000 USD
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
302000 USD
CY2010 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2993000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1225000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
387000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
315000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
20194000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
20343000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
19502000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
19436000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
190552000 USD
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2744000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2707000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1552000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
10184000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
27832000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-22250000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
14360000 USD
CY2012 us-gaap Allowance For Loan And Lease Losses Provision For Loss Net
AllowanceForLoanAndLeaseLossesProvisionForLossNet
5100000 USD
CY2011 us-gaap Allowance For Loan And Lease Losses Provision For Loss Net
AllowanceForLoanAndLeaseLossesProvisionForLossNet
4300000 USD
CY2010 us-gaap Allowance For Loan And Lease Losses Provision For Loss Net
AllowanceForLoanAndLeaseLossesProvisionForLossNet
4300000 USD
CY2012Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
400000 USD
CY2011Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
400000 USD
CY2011 ccoi Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
83192 shares
CY2011 ccoi Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
440375 shares
CY2012 ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
7200000 USD
CY2011 ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
7100000 USD
CY2010 ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
5900000 USD
CY2012Q4 ccoi Accrued Operating Current
AccruedOperatingCurrent
8283000 USD
CY2012Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
4132000 USD
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2358000 USD
CY2012Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
692000 USD
CY2012Q4 us-gaap Interest Payable Current
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11054000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26519000 USD
CY2011Q4 ccoi Accrued Operating Current
AccruedOperatingCurrent
7204000 USD
CY2011Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
3978000 USD
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2160000 USD
CY2011Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1210000 USD
CY2011Q4 us-gaap Interest Payable Current
InterestPayableCurrent
7392000 USD
CY2011Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
21944000 USD
CY2010 ccoi Asset Retirement Obligation Reduction In Depreciation And Amortization Due To Revision Of Estimate
AssetRetirementObligationReductionInDepreciationAndAmortizationDueToRevisionOfEstimate
700000 USD
CY2010 ccoi Asset Retirement Obligation Reduction In Selling General And Administrative Expenses Due To Revision Of Estimate
AssetRetirementObligationReductionInSellingGeneralAndAdministrativeExpensesDueToRevisionOfEstimate
200000 USD
CY2009Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1208000 USD
CY2010Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
233000 USD
CY2011Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
239000 USD
CY2012Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
256000 USD
CY2010 us-gaap Asset Retirement Obligation Foreign Currency Translation
AssetRetirementObligationForeignCurrencyTranslation
-77000 USD
CY2011 us-gaap Asset Retirement Obligation Foreign Currency Translation
AssetRetirementObligationForeignCurrencyTranslation
-5000 USD
CY2012 us-gaap Asset Retirement Obligation Foreign Currency Translation
AssetRetirementObligationForeignCurrencyTranslation
5000 USD
CY2010 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-909000 USD
CY2010 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
11000 USD
CY2011 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
11000 USD
CY2012 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
12000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
504000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2177000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
194000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1954000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1368000 USD
CY2011 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
146000 USD
CY2011 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2561000 USD
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
854000 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2969000 USD
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-5992000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-178000 USD
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
153000 USD
CY2010 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
17000 USD
CY2010 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1858000 USD
CY2012Q4 ccoi Related Party Transaction Extension To Lease Term
RelatedPartyTransactionExtensionToLeaseTerm
P2Y
CY2012Q4 us-gaap Noncurrent Assets
NoncurrentAssets
311222000 USD
CY2011Q4 us-gaap Noncurrent Assets
NoncurrentAssets
308043000 USD
CY2012 us-gaap Number Of Operating Segments
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1 Segment
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-2285000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
344000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1245000 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1447000 USD
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-563000 USD
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3432000 USD
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
724000 USD
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
369000 USD
CY2010 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
128000 USD
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-6334000 USD
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
573000 USD
CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1466000 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
345000000 USD
CY2012Q4 ccoi Deferred Tax Liabilities Convertible Notes
DeferredTaxLiabilitiesConvertibleNotes
3415000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2758000 USD
CY2012Q4 ccoi Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities And Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilitiesAndOther
6138000 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
347882000 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
6186000 USD
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
335899000 USD
CY2011Q4 ccoi Deferred Tax Liabilities Convertible Notes
DeferredTaxLiabilitiesConvertibleNotes
5620000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
566000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2437000 USD
CY2011Q4 ccoi Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities And Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilitiesAndOther
5343000 USD
CY2011Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
337698000 USD
CY2011Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
8784000 USD
CY2010 ccoi Income Tax Expense Benefit Due To Reduction In Valuation Allowance
IncomeTaxExpenseBenefitDueToReductionInValuationAllowance
1500000 USD
CY2011 ccoi Income Tax Expense Benefit Due To Reduction In Valuation Allowance
IncomeTaxExpenseBenefitDueToReductionInValuationAllowance
6300000 USD
CY2012Q4 ccoi Number Of Subsidiaries Filing Income Tax Returns
NumberOfSubsidiariesFilingIncomeTaxReturns
1 subsidiary
CY2012Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1100000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-600000 USD
CY2011 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
800000 USD
CY2010 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
100000 USD
CY2012Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
-400000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2875000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
745000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1312000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
698000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due
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299995000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
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162047000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
137948000 USD
CY2011 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
2700000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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48664000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
41440000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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36651000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
31212000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
24634000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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130689000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
313290000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
55800000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
55700000 USD
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
53500000 USD
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000 shares
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
21200000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
4200000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
1100000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
1200000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
23400000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
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400000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 USD
CY2010 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
300000 USD
CY2012Q1 us-gaap Sales Revenue Services Net
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76888000 USD
CY2012Q2 us-gaap Sales Revenue Services Net
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77817000 USD
CY2012Q3 us-gaap Sales Revenue Services Net
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79656000 USD
CY2012Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
82612000 USD
CY2011Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
73460000 USD
CY2011Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
75580000 USD
CY2011Q3 us-gaap Sales Revenue Services Net
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77367000 USD
CY2011Q4 us-gaap Sales Revenue Services Net
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79093000 USD
CY2012Q1 us-gaap Cost Of Services
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34338000 USD
CY2012Q2 us-gaap Cost Of Services
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35112000 USD
CY2012Q3 us-gaap Cost Of Services
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36541000 USD
CY2012Q4 us-gaap Cost Of Services
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37651000 USD
CY2011Q1 us-gaap Cost Of Services
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31773000 USD
CY2011Q2 us-gaap Cost Of Services
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33249000 USD
CY2011Q3 us-gaap Cost Of Services
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33619000 USD
CY2011Q4 us-gaap Cost Of Services
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33522000 USD
CY2012Q1 us-gaap Operating Income Loss
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5968000 USD
CY2012Q2 us-gaap Operating Income Loss
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7801000 USD
CY2012Q3 us-gaap Operating Income Loss
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8032000 USD
CY2012Q4 us-gaap Operating Income Loss
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9169000 USD
CY2011Q1 us-gaap Operating Income Loss
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7358000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
8671000 USD
CY2011Q3 us-gaap Operating Income Loss
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9576000 USD
CY2011Q4 us-gaap Operating Income Loss
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10899000 USD
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
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-0.05
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
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0.00
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-0.01
CY2011Q1 us-gaap Earnings Per Share Basic And Diluted
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-0.01
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0.05
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
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0.01
CY2011Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.12
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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45241418 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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45313804 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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45377732 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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45080859 shares
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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45044733 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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45241418 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45313804 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45377732 shares
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45492847 shares
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44731858 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45548725 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45559972 shares
CY2012 ccoi Income Tax Expense Benefit Due To Reduction In Valuation Allowance
IncomeTaxExpenseBenefitDueToReductionInValuationAllowance
6300000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
24900000 USD
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012 ccoi Common Stock Voting Rights Per Share
CommonStockVotingRightsPerShare
1 item
CY2008Q2 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
50000000 USD
CY2012 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
100000 shares
CY2011 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
200000 shares
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2012Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4500000 USD
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9549000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
55929000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56283000 USD
CY2010 us-gaap Asset Impairment Charges
AssetImpairmentCharges
594000 USD
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45180485 shares
CY2012Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
4187000 USD
CY2011Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
7857000 USD
CY2011Q1 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
50000000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000 USD
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44633878 shares
CY2010 ccoi Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
76336 shares
CY2010 ccoi Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
80539 shares
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4251000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7542000 USD
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
669000 USD
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45514844 shares
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
25000 USD
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
358083000 USD
CY2011Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
352102000 USD
CY2012Q4 ccoi Deferred Income Tax Liabilities Share Based Compensation
DeferredIncomeTaxLiabilitiesShareBasedCompensation
600000 USD
CY2012Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4015000 USD
CY2011Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
5620000 USD
CY2012Q4 ccoi Net Deferred Tax Assets Before Valuation Allowance
NetDeferredTaxAssetsBeforeValuationAllowance
354068000 USD
CY2011Q4 ccoi Net Deferred Tax Assets Before Valuation Allowance
NetDeferredTaxAssetsBeforeValuationAllowance
346482000 USD
CY2012Q4 ccoi Reversal Of Unrecognized Tax Benefits
ReversalOfUnrecognizedTaxBenefits
3300000 USD
CY2012Q4 ccoi Unrecognized Tax Benefits Reversal Of Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsReversalOfInterestOnIncomeTaxesAccrued
1000000 USD
CY2012 ccoi Income Tax Reconciliation Foreign Branch Tax Benefit
IncomeTaxReconciliationForeignBranchTaxBenefit
9374000 USD
CY2011 ccoi Income Tax Reconciliation Foreign Branch Tax Benefit
IncomeTaxReconciliationForeignBranchTaxBenefit
9385000 USD
CY2010 ccoi Income Tax Reconciliation Foreign Branch Tax Benefit
IncomeTaxReconciliationForeignBranchTaxBenefit
5045000 USD
CY2012 ccoi Income Tax Reconciliation Foreign Exchange Effect On Tax Assets
IncomeTaxReconciliationForeignExchangeEffectOnTaxAssets
-3882000 USD
CY2011 ccoi Income Tax Reconciliation Foreign Exchange Effect On Tax Assets
IncomeTaxReconciliationForeignExchangeEffectOnTaxAssets
4133000 USD
CY2010 ccoi Income Tax Reconciliation Foreign Exchange Effect On Tax Assets
IncomeTaxReconciliationForeignExchangeEffectOnTaxAssets
4572000 USD
CY2012 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-4000 USD
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-276000 USD
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45514844 shares
CY2011Q4 ccoi Unrecognized Tax Benefits Income Tax Penalties And Interest And Tax Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAndTaxAccrued
3900000 USD

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