TripAdvisor 2011 Annual Report Download - page 108

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Table of Contents
Below is a reconciliation of the weighted average number of shares of Common Stock outstanding (in thousands, except for per share
information):
Potentially dilutive securities, which include stock options, RSUs and stock warrants, representing the right to acquire 2,260,698, 80,398
and 8,046,698 shares of Common Stock, respectively, during the year ended December 31, 2011 were outstanding but were not included in the
calculation of diluted net income per share because the effect would have been antidilutive. Although these share based awards were antidilutive
at December 31, 2011, they may be dilutive in future quarters’ calculations. In addition, as of December 31, 2011, there existed issued and
outstanding performance based RSUs representing the right to acquire 400,000 shares of Common Stock, for which the targets required to
trigger vesting had not been achieved; therefore, such awards were also excluded from the calculation of diluted income per share at
December 31, 2011.
104
During the Year Ended December 31,
2011
2010
2009
Numerator:
Net income attributable to TripAdvisor
$
177,677
$
138,776
$
102,427
Denominator:
Weighted average shares used to compute Basic EPS
133,461
133,461
133,461
Effect of dilutive securities:
Stock options
1,164
—
—
RSUs
240
—
—
Stock warrants
—
—
—
Weighted average shares used to compute Diluted EPS
134,865
133,461
133,461
Basic EPS
$
1.33
$
1.04
$
0.77
Diluted EPS
$
1.32
$
1.04
$
0.77