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ORBITZ WORLDWIDE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
81
14. Net Income/(Loss) per Share
We calculate basic net income/(loss) per share by dividing the net income/(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. Diluted net income/(loss) per share is calculated by
dividing the net income/(loss) for the period by the weighted-average number of common shares outstanding and potentially
dilutive common shares outstanding during the period. Potentially dilutive common shares are determined by the application of
the treasury stock method.
The following table presents the weighted-average shares outstanding used in the calculation of net income/(loss) per
share:
Years Ended December 31,
Weighted-Average Shares Outstanding 2014 2013 2012
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110,537,992 107,952,327 105,582,736
Diluted effect of:
Restricted stock units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,367,392 2,586,325 —
Performance-based restricted stock units . . . . . . . . . . . . . . . . . . . . . . . . . 1,969,674 2,117,454 —
Stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 469,382 416,573 —
Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114,344,440 113,072,679 105,582,736
The following equity awards were not included in the diluted net income/(loss) per share calculation because they would
have had an antidilutive effect:
Years Ended December 31,
Antidilutive Equity Awards 2014 2013 2012
Restricted stock units. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 704,809 5,772 4,379,665
Performance-based restricted stock units . . . . . . . . . . . . . . . . . . . . . . . . . . . 239,725 — 907,616
Stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 200,409 3,009,654
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 944,534 206,181 8,296,935