Orbitz 2008 Annual Report Download - page 114

Download and view the complete annual report

Please find page 114 of the 2008 Orbitz annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 146

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

ORBITZ WORLDWIDE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
15. Loss per Share
We calculate loss per share in accordance with SFAS No. 128, "Earnings per Share." Basic loss per share is calculated by dividing the net loss for the period
by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the net loss for the period by
the weighted average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares are
determined by application of the treasury stock method.
The following table presents the calculation of basic and diluted loss per share:
Period from
July 18, 2007 to
December 31, 2007
(in millions, except share
and per share data)
Net Loss $ (42)
Net Loss per Share—Basic and Diluted:
Weighted Average Shares Outstanding for Basic and Diluted Net Loss Per Share(a) 81,600,478
Basic and Diluted $ (0.51)
(a)
Stock options, restricted stock and restricted stock units are not included in the calculation of diluted loss per share for the period
from July 18, 2007 to December 31, 2007 because we had a net loss for the period. Accordingly, the inclusion of these equity
awards would have had an antidilutive effect on diluted loss per share.
The following equity awards are not included in the diluted loss per share calculation above because they would have had an antidilutive effect:
Antidilutive equity awards
As of
December 31, 2007
Stock options 2,560,676
Restricted stock units 2,296,351
Restricted stock 42,079
Total 4,899,106
107
Source: Orbitz Worldwide, In, 10-K/A, August 28, 2008