Orbitz 2010 Annual Report Download - page 109

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16. Employee Benefit Plans
Prior to the IPO, Travelport (subsequent to the Blackstone Acquisition) sponsored a defined contribution
savings plan for employees in the U.S. that provided certain of our eligible employees an opportunity to
accumulate funds for retirement. HotelClub and ebookers sponsor similar defined contribution savings plans.
In September 2007, we adopted a qualified defined contribution savings plan for employees in the U.S. that
replaced the existing defined contribution savings plans sponsored by Travelport, but did not alter the plans of
HotelClub and ebookers.
We match the contributions of participating employees on the basis specified by the plans. We reduced
our matching contribution percentage for our defined contribution savings plan for employees in the U.S. from
a maximum of 6% of participant compensation to a maximum of 3% of participant compensation beginning
on January 1, 2009. Additionally, effective January 1, 2009, new employees in the U.S. are not eligible for
Company matching contributions until they have attained one year of service with the Company.
We recorded expense related to these plans in the amount of $5 million, $7 million and $5 million for the
years ended December 31, 2009, December 31, 2008 and December 31, 2007, respectively.
17. Net Loss per Share
The following table presents the calculation of basic and diluted net loss per share:
2009 2008
Period from
July 18, 2007 to
December 31, 2007
Years Ended December 31,
(in millions, except share and per share data)
Net loss attributable to Orbitz Worldwide, Inc.
common shareholders ....................... $ (337) $ (299) $ (42)
Net loss per share attributable to Orbitz Worldwide,
Inc. common shareholders:
Weighted average shares outstanding for basic and
diluted net loss per share attributable to Orbitz
Worldwide, Inc. common shareholders (a) ........ 84,073,593 83,342,333 81,600,478
Basic and Diluted (b) ......................... $ (4.01) $ (3.58) $ (0.51)
(a) Stock options, restricted stock, restricted stock units and PSUs are not included in the calculation of
diluted net loss per share for the years ended December 31, 2009 and December 31, 2008 and the period
from July 18, 2007 to December 31, 2007 because we had a net loss for each period. Accordingly, the
inclusion of these equity awards would have had an antidilutive effect on diluted net loss per share.
(b) Net loss per share may not recalculate due to rounding.
The following equity awards are not included in the diluted net loss per share calculation above because
they would have had an antidilutive effect:
Antidilutive equity awards 2009 2008 2007
As of December 31,
Stockoptions .................................... 4,236,083 4,216,805 2,560,676
Restricted stock units............................... 5,650,750 2,724,356 2,296,351
Restricted stock ................................... 2,195 18,661 42,079
Performance-based restricted stock units ................ 227,679 249,108 —
Total......................................... 10,116,707 7,208,930 4,899,106
109
ORBITZ WORLDWIDE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)