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Subsequent Events (unaudited)
6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events (unaudited)
Subsequent Events (unaudited)
 
On July 25, 2012, we completed our IPO whereby we sold 4,025,000 shares of our Class A common stock at a price of $26.00 per share before underwriting discounts and commissions. The IPO generated net proceeds of approximately $97.3 million, after deducting underwriting discounts and commissions but before estimated offering expenses of $3.8 million. Upon the closing of the IPO, all shares of our then-outstanding common stock and preferred stock automatically converted into an aggregate of 33,864,565  shares of Class B common stock. Additionally, all outstanding options and warrants as of that date automatically converted into options and warrant to purchase Class B common stock.

Effective as of July 19, 2012, upon the pricing of our IPO, options to purchase 1,300,000 shares of our common stock were awarded to certain employees and officers of the Company. The exercise price of these stock options is $26.00 per share. These options will vest over four years with 25% of the shares subject to these stock options vesting on January 19, 2013 and then monthly thereafter. Total unrecognized estimated compensation expense relate to these non-vested options is approximately $14,800, calculated using a Black-Scholes Model as described in "-Note 13 - Stock Options and Restricted Stock."

Upon the consummation of our IPO, we issued to certain stockholders, for no cash consideration, 308,032 shares of Class A common stock. In addition, certain of our stockholders also vested in a right to purchase from us, up to an aggregate of 352,178 shares of Class A common stock at an exercise price of $26.00 per share. This right terminated on August 1, 2012, and eligible stockholders elected to purchase 231,695 of these shares for an additional consideration of approximately $6.0 million. Issuances described in this paragraph were in consideration for such stockholders entry into that certain Election and Amendment Agreement, dated April 19, 2012, pursuant to which certain stockholders provided various elections, waivers, consents and amendments related to our capital structure as described in "- Note 11 - Redeemable Convertible Preferred Stock".

Effective as of July 20, 2012, we entered into a settlement agreement with Orbitz Worldwide, LLC pursuant to which the parties agreed to resolve their ongoing disputes. The settlement agreement did not involve any material financial payments between the companies, nor did it involve any material changes in contractual terms.