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ORBITZ WORLDWIDE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
86
basis specified by the plans, up to a maximum of 3% of participant compensation. We recorded total expense related to these
plans in the amount of $5.3 million, $4.9 million and $5.0 million for the years ended December 31, 2011, 2010 and 2009,
respectively.
15. Net Loss per Share
We calculate basic and diluted net loss per share by dividing the net loss for the period by the weighted-average number
of shares outstanding during the period. The weighted average number of shares includes common shares outstanding and
deferred stock units, which are immediately vested and non-forfeitable.
The following equity awards were not included in the diluted net loss per share calculation because they would have had
an antidilutive effect due to a net loss for each period:
Years Ended December 31,
Antidilutive equity awards 2011 2010 2009
Stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,274,156 3,738,833 4,236,083
Restricted stock units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,455,507 4,233,590 5,650,750
Restricted stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 2,195
Performance-based restricted stock units . . . . . . . . . . . . . . . . 1,065,250 561,108 227,679
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,794,913 8,533,531 10,116,707
16. Related Party Transactions
Related Party Transactions with Travelport and its Subsidiaries
We had amounts due from Travelport of $3.9 million and $15.4 million at December 31, 2011 and 2010. Amounts due to
or from Travelport are generally settled on a net basis.
The following table summarizes the related party transactions with Travelport and its subsidiaries for the years ended
December 31, 2011, 2010 and 2009, which are reflected in our consolidated statements of operations:
Years Ended December 31,
2011 2010 2009
(in thousands)
Net revenue (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 110,302 $ 117,619 $ 122,032
Cost of revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 619 477 592
Selling, general and administrative expense . . . . . . . . . . . . . 875 486 215
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,595 4,016 3,779
(a) Net revenue includes amounts recognized under our GDS services agreement and bookings sourced through
Donvand Limited and OctopusTravel Group Limited (doing business as Gullivers Travel Associates, “GTA”)
through March 31, 2011; as of the end of the second quarter of 2011, GTA was no longer a related party. In
addition, net revenue for the year ended December 31, 2011 includes incremental GDS incentive revenue
recognized through June 1, 2011 under the Letter Agreement with Travelport (see “Letter Agreement” section
below).
Stock Purchase Agreement
On January 26, 2010, Travelport purchased 9,025,271 shares of our common stock for $50.0 million in cash (see
Note 6 - Term Loan and Revolving Credit Facility).