Expedia 2013 Annual Report Download - page 118

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All 2011 share information has been adjusted to reflect Expedia’s one-for-two reverse stock split in
December 2011. The following table presents our basic and diluted earnings per share:
Year Ended December 31,
2013 2012 2011
(In thousands, except per share data)
Income from continuing operations attributable to
Expedia, Inc. $232,850 $302,710 $324,146
Earnings per share from continuing operations
attributable to Expedia, Inc. available to
common stockholders:
Basic $ 1.73 $ 2.26 $ 2.39
Diluted 1.67 2.16 2.34
Weighted average number of shares outstanding:
Basic 134,912 134,203 135,888
Dilutive effect of:
Options to purchase common stock 4,495 4,383 1,766
Warrants to purchase common stock — 800 605
Other dilutive securities 186 543 443
Diluted 139,593 139,929 138,702
The earnings per share amounts are the same for common stock and Class B common stock because the
holders of each class are legally entitled to equal per share distributions whether through dividends or in
liquidation.
NOTE 15 — Other Income (Expense)
Other, net
The following table presents the components of other, net:
For the Year Ended December 31,
2013 2012 2011
(In thousands)
Foreign exchange rate losses, net $ (473) $(16,179) $(8,465)
Equity gains (losses) in unconsolidated affiliates, and
other (2,315) (4,096) 1,428
Total $(2,788) $(20,275) $(7,037)
NOTE 16 — Commitments and Contingencies
Exit Rights
In conjunction with our marketing agreement with Travelocity, we have agreed to certain put/call rights
whereby we may acquire or Sabre may sell to us certain assets relating to the Travelocity business. The put right
held by Sabre may be exercised during the first 24 months of the arrangement only upon the occurrence of
certain triggering events primarily related to the implementation of the solution, which are outside the control of
Sabre. The occurrence of such events is not considered probable. After the 24 month period, the put right is only
exercisable for a limited period of time in 2016 at a discount to fair value. The call right held by Expedia is
exercisable at any time during the term of the arrangement, the value of which, if exercised, is not expected to
exceed fair value.
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