Expedia 2010 Annual Report Download - page 101

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The following table presents our basic and diluted net income (loss) per share:
Year Ended December 31,
2010 2009 2008
(In thousands, except per share data)
Net income (loss) attributable to Expedia, Inc. $421,500 $299,526 $(2,517,763)
Earnings per share attributable to Expedia, Inc. available
to common stockholders:
Basic ............................................. $ 1.49 $ 1.04 $ (8.80)
Diluted ........................................... 1.46 1.03 (8.80)
Weighted average number of shares outstanding:
Basic ............................................. 282,465 288,214 286,167
Dilutive effect of:
Options to purchase common stock ................... 4,093 2,842 —
Warrants to purchase common stock .................. 295 92 —
Other dilutive securities ............................ 1,175 993 —
Diluted ........................................... 288,028 292,141 286,167
The earnings per share amounts are the same for common stock and Class B common stock because the
holders of each class are legally entitled to equal per share distributions whether through dividends or in
liquidation.
NOTE 13 — Restructuring Charges
In conjunction with the reorganization of our business around our global brands, and the resulting
centralization of locations and brand management, marketing and administrative personnel as well as certain
customer operations centers, we recognized $34 million in restructuring charges during the year ended
December 31, 2009. Restructuring charges related to our brand reorganization were completed by the end of
2009.
The following table summarizes the restructuring activity for the years ended December 31, 2009 and 2010:
Employee
Severance and
Benefits Other Total
(In thousands)
Accrued liability as of January 1, 2009 ................... $ — $ — $ —
Charges ............................................ 31,018 3,150 34,168
Payments ........................................... (11,859) (1,203) (13,062)
Non-cash items ...................................... (103) (629) (732)
Accrued liability as of December 31, 2009 ................ 19,056 1,318 20,374
Payments ........................................... (17,346) (849) (18,195)
Accrued liability as of December 31, 2010 ................ $ 1,710 $ 469 $ 2,179
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