XML 81 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity-Based Compensation
3 Months Ended
Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Equity-Based Compensation

13. Equity-Based Compensation

Travelport Worldwide has two equity-based long-term incentive programs the 2011 Travelport Worldwide Equity Plan and 2013 Travelport Worldwide Equity Plan. On January 1, 2014, all of the restricted share units (“RSUs”) granted under the 2011 Worldwide Equity Plan vested.

As of March 31, 2014, the total RSUs that remain unvested were 38.8 million compared to 41.8 million as of December 31, 2013. The decrease of approximately 3 million RSUs were primarily as a result of forfeitures.

Compensation expense for the three months ended March 31, 2014 and 2013 resulted in a credit to equity on the Company’s consolidated condensed balance sheet of $1 million and $0 million, respectively.

The Company expects the future equity-based compensation expense in relation to awards recognized for accounting purposes as being granted as of March 31, 2014 will be approximately $12 million based on the fair value of the RSUs and the stock options on the grant date.