Expedia 2010 Annual Report Download - page 40

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Commerce Clause violation, due process, breach of confidentiality, fundamental bias of assessment, and Internet
Tax Freedom Act and Supremacy Clause violation.
Expedia Insurance Litigation. On November 29, 2010, Expedia, Hotels.com and Hotwire brought suit in
state court in Washington against a number of their insurers seeking recovery for occupancy tax cases. Expedia,
Inc. et al. v. Steadfast Insurance Company, et al. Case No. 10-2-41017-1 (King County Superior Court).
State of North Carolina Litigation. In February 2011, Travelscape, Hotels.com and Hotwire, along with
other online travel companies, brought suit in state court in North Carolina challenging the state of North
Carolina’s amended sales tax statute that seeks to tax the revenue generated from the services provided by the
online travel companies. Ortbitz, LLC, et al. v. State of North Carolina, Case No. 11CV001857 (In the General
Court of Justice, Superior Court Division). The complaint includes claims for violation of the Internet Tax
Freedom Act, unconstitutional impairment of contracts, violation of the Commerce Clause, violation of state
uniformity clause and federal equal protection, and void for vagueness.
Part II. Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities
Market Information
Our common stock is quoted on the NASDAQ Global Select Market under the ticker symbol “EXPE.” Our
Class B common stock is not listed and there is no established public trading market. As of January 28, 2011,
there were approximately 3,943 holders of record of our common stock and the closing price of our common
stock was $24.98 on NASDAQ. As of January 28, 2011, all of our Class B common stock was held by a
subsidiary of Liberty.
The following table sets forth the intra-day high and low prices per share for our common stock during the
periods indicated:
High Low
Year ended December 31, 2010
Fourth Quarter ...................................................... $29.50 $24.84
Third Quarter ....................................................... 29.85 18.30
Second Quarter ..................................................... 26.09 18.69
First Quarter ....................................................... 26.03 20.17
High Low
Year ended December 31, 2009
Fourth Quarter ...................................................... $27.51 $21.95
Third Quarter ....................................................... 25.62 13.52
Second Quarter ..................................................... 17.65 8.82
First Quarter ....................................................... 10.35 6.31
Dividend Policy
In 2010, the Executive Committee, acting on behalf of the Board of Directors, declared the following
dividends:
Declaration Date
Dividend
Per Share Record Date
Total Amount
(in thousands) Payment Date
February 10, 2010 ....... $0.07 March 11, 2010 $20,220 March 31, 2010
April 27, 2010 .......... 0.07 May 27, 2010 19,902 June 17, 2010
July 26, 2010 ........... 0.07 August 26, 2010 19,703 September 16, 2010
October 25, 2010 ........ 0.07 November 18, 2010 19,251 December 9, 2010
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