Expedia 2015 Annual Report Download - page 126
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Accumulated Other Comprehensive Income (Loss)
The balance for each class of accumulated other comprehensive loss as of December 31, 2015 and 2014 is
as follows:
December 31,
2015 2014
(In thousands)
Foreign currency translation adjustments, net of tax(1) $(284,767) $(138,715)
Net unrealized gain (loss) on available for sale securities,
net of tax (127) (59)
Accumulated other comprehensive loss $(284,894) $(138,774)
(1) Foreign currency translation adjustments, net of tax, includes foreign currency transaction losses at
December 31, 2015 of $1 million ($2 million before tax) associated with our 2.5% Notes. The 2.5% Notes
are Euro-denominated debt designated as hedges of certain of our Euro-denominated net assets. See Note 2
– Significant Accounting Policies for more information. The remaining balance in currency translation
adjustments excludes income taxes as a result of our current intention to indefinitely reinvest the earnings of
our international subsidiaries outside of the United States.
Non-redeemable Noncontrolling Interests
As of December 31, 2015, our ownership interest in AirAsia-Expedia was approximately 75%. As of
December 31, 2014, our ownership interest in eLong was approximately 64%. Amounts paid in excess of the
respective noncontrolling interest were recorded to additional paid-in capital. The following table shows the
effects of the changes in noncontrolling interest on our equity for the respective periods, in thousands:
2015 2014 2013
Net income attributable to Expedia, Inc. $764,465 $398,097 $232,850
Transfers (to) from the noncontrolling interest
due to:
Net increase (decrease) in Expedia, Inc.’s
paid-in capital for newly issued eLong
shares and other equity activity (4,198) 24,090 6,928
Net transfers from noncontrolling
interest (4,198) 24,090 6,928
Change from net income attributable to Expedia,
Inc. and transfers from noncontrolling interest $760,267 $422,187 $239,778
NOTE 14 — Earnings Per Share
Basic Earnings Per Share
Basic earnings per share was calculated for the years ended December 31, 2015, 2014 and 2013 using the
weighted average number of common and Class B common shares outstanding during the period excluding
restricted stock and stock held in escrow.
Diluted Earnings Per Share
For the years ended December 31, 2015, 2014 and 2013, we computed diluted earnings per share using
(i) the number of shares of common stock and Class B common stock used in the basic earnings per share
calculation as indicated above (ii) 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,
and (iii) other stock-based commitments.
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