TripAdvisor 2011 Annual Report Download - page 107

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Table of Contents
NOTE 16: ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued expenses and other current liabilities consisted of the following:
NOTE 17: EARNINGS PER SHARE
As discussed in “Note 1— Organization and Basis of Presentation, ” in connection with the Spin-Off a one-for-two reverse stock split of
outstanding Expedia capital stock occurred immediately prior to the Spin-Off, which resulted in 120,661,020 shares of Common Stock and
12,799,999 shares of Class B Common Stock outstanding immediately following the Spin-Off.
Basic Earnings Per Share
For the year ended December 31, 2011, we computed basic earnings per share using the number of shares of Common Stock and Class B
Common Stock outstanding immediately following the Spin-Off, as if such shares were outstanding for the entire period prior to the Spin-Off,
plus the weighted average of any additional shares issued and outstanding following the Spin-Off date through December 31, 2011.
For the year ended December 31, 2010 and 2009, we computed basic earnings per share using the number of shares of Common Stock and
Class B Common Stock outstanding immediately following the Spin-Off, as if such shares were outstanding for the entire period.
Diluted Earnings Per Share
For the year ended December 31, 2011, we computed diluted earnings per share using (i) the number of shares of Common Stock and
Class B Common Stock outstanding immediately following the Spin-Off, (ii) the weighted average of any additional shares issued and
outstanding shares outstanding following the Spin-Off date through December 31, 2011, and (iii) if dilutive, the incremental Common Stock that
we would issue upon the assumed exercise of stock options and stock warrants and the vesting of RSUs using the treasury stock method. We
treated all outstanding equity awards assumed at Spin-Off as if they were granted as of the Spin-Off and we included them in our diluted
earnings per share calculation for the year ended December 31, 2011, based on the number of days they were outstanding.
For the years ended December 31, 2010 and 2009, we computed diluted earnings per share using (i) the number of shares of Common
Stock and Class B Common Stock outstanding immediately following the Spin-Off, as no TripAdvisor equity awards were outstanding prior to
the Spin-Off.
103
December 31,
2011
2010
(In thousands)
Accrued salary, bonus, and related benefits
$
21,744
$
18,543
Contingent purchase consideration
—
13,324
Other
13,194
6,262
Total accrued expenses and other current liabilities
$
34,938
$
38,129