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ORBITZ WORLDWIDE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
92
The table below presents property and equipment, net, by geographic area.
December 31,
2011
December 31,
2010
(in thousands)
Long-lived assets
United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 134,703 $ 149,559
All other countries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,999 8,504
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 141,702 $ 158,063
19. Quarterly Financial Data (Unaudited)
The following table presents certain unaudited consolidated quarterly financial information.
Three Months Ended
December 31,
2011 (a)
September 30,
2011
June 30,
2011
March 31,
2011
(in thousands, except per share data)
Net revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 177,146 $ 202,924 $ 201,826 $ 184,923
Cost and expenses . . . . . . . . . . . . . . . . . . . . . . . . 214,500 180,064 181,989 185,555
Operating income/(loss) . . . . . . . . . . . . . . . . . . . (37,354) 22,860 19,837 (632)
Net income/(loss). . . . . . . . . . . . . . . . . . . . . . . . . (46,505) 11,233 8,888 (10,893)
Basic net income/(loss) per share . . . . . . . . . . . . (0.44) 0.11 0.09 (0.11)
Diluted net income/(loss) per share. . . . . . . . . . . (0.44) 0.11 0.08 (0.11)
Three Months Ended
December 31,
2010 (a)(b)
September 30,
2010
June 30,
2010
March 31,
2010 (b)
(in thousands, except per share data)
Net revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 182,364 $ 194,479 $ 193,491 $ 187,153
Cost and expenses . . . . . . . . . . . . . . . . . . . . . . . . 250,037 166,918 171,949 180,387
Operating income/(loss) . . . . . . . . . . . . . . . . . . . (67,673) 27,561 21,542 6,766
Net income/(loss). . . . . . . . . . . . . . . . . . . . . . . . . (78,041) 15,332 9,733 (5,261)
Basic net income/(loss) per share . . . . . . . . . . . . (0.76) 0.15 0.10 (0.05)
Diluted net income/(loss) per share. . . . . . . . . . . (0.76) 0.15 0.09 (0.05)
(a) During the three months ended December 31, 2011 and 2010, we recorded non-cash impairment charges related to
goodwill and intangible assets of $49.9 million and $70.2 million, respectively (see Note 4 - Goodwill and
Intangible Assets).
(b) During the three months ended December 31, 2010 and March 31, 2010, we recorded non-cash impairment
charges related to property and equipment and other assets of $9.4 million and $1.7 million, respectively (see Note
3 - Property and Equipment, Net and Note 8 - Unfavorable Contracts).