Expedia 2014 Annual Report Download - page 118

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The following table presents our basic and diluted earnings per share:
Year Ended December 31,
2014 2013 2012
(In thousands, except per share data)
Income from continuing operations attributable to
Expedia, Inc. $398,097 $232,850 $302,710
Earnings per share from continuing operations
attributable to Expedia, Inc. available to
common stockholders:
Basic $ 3.09 $ 1.73 $ 2.26
Diluted 2.99 1.67 2.16
Weighted average number of shares outstanding:
Basic 128,912 134,912 134,203
Dilutive effect of:
Options to purchase common stock 4,149 4,495 4,383
Warrants to purchase common stock — — 800
Other dilutive securities 107 186 543
Diluted 133,168 139,593 139,929
Outstanding stock awards have been excluded from the calculations of diluted earnings per share
attributable to common stockholders because their effect would have been antidilutive were approximately four
million for both 2014 and 2013 and approximately one million during 2012.
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 15 — Restructuring and Related Reorganization Charges
In conjunction with the migration of technology platforms and centralization of technology, supply and
other operations, primarily related to integrations including the Wotif Group, we recognized $26 million in
restructuring and related reorganization charges during the fourth quarter ended December 31, 2014. We expect
an additional $10 million to $15 million of restructuring charges, most of which we expect to occur in the first
half of 2015.
The following table summarizes the restructuring and related reorganization activity for the year ended
December 31, 2014:
Employee
Severance
and
Benefits Other Total
(In thousands)
Accrued liability as of January 1, 2014 $ — $ — $ —
Charges 10,783 14,847 25,630
Payments (572) (540) (1,112)
Non-cash items (94) (649) (743)
Accrued liability as of December 31, 2014 $10,117 $13,658 $23,775
The majority of the other charges in the above table relate to Australian stamp duty tax that is payable to
certain Australian jurisdictions related to business restructuring events.
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