Earnings Per Share

9 Months Ended

Sep. 30, 2016

The following table presents our basic and diluted earnings per share:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(In thousands, except per share data)
Net income attributable to Expedia, Inc.	$	279,331	$	283,216	$	202,391	$	777,003
Earnings per share attributable to Expedia, Inc. available to common stockholders:
Basic	$	1.86	$	2.18	$	1.35	$	6.03
Diluted	1.81		2.12		1.31		5.86
Weighted average number of shares outstanding:
Basic	150,239		129,989		150,281		128,822
Dilutive effect of:
Options to purchase common stock	3,745		3,287		3,815		3,656
Other dilutive securities	252		141		236		124
Diluted	154,236		133,417		154,332		132,602

Basic earnings per share is calculated using our weighted-average outstanding common shares. 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.

Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation as their inclusion would have an antidilutive effect. For the three and nine months ended September 30, 2016, approximately 9 million of outstanding stock awards have been excluded from the calculations of diluted earnings (loss) per share attributable to common stockholders because their effect would have been antidilutive. For the three and nine months ended September 30, 2015, approximately 7 million of outstanding stock awards were excluded from the calculations of diluted earnings per share attributable to common stockholders because their effect would have been antidilutive.