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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Number of Shares of Common Stock Outstanding

Below is a reconciliation of the weighted average number of shares of common stock outstanding in calculating diluted earnings per share (in thousands, except for per share information):

 

     Three months ended
September 30,		      Nine months ended
September 30,		  
     2013      2012      2013      2012  

Numerator:

            

Net income attributable to TripAdvisor

    $ 55,882       $ 59,360       $ 185,169       $ 160,490   

Denominator:

            

Weighted average shares used to compute Basic EPS

      142,690         142,342         143,095         138,458   

Weighted average effect of dilutive securities:

            

Stock options

      2,435         1,223         1,925         1,249   

RSUs

      329         92         238         129   

Stock warrants

      —           —           —           681   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average shares used to compute Diluted EPS

      145,454         143,657         145,258         140,517   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic EPS

    $ 0.39       $ 0.42       $ 1.29       $ 1.16   

Diluted EPS

    $ 0.38       $ 0.41       $ 1.27       $ 1.14   
Common Shares Related to Stock Options and RSUs Excluded from Calculated Diluted Net Income Per Share

The following potential common shares related to stock options and RSUs were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive for the periods presented (in thousands):

 

     Three Months Ended
September 30,		      Nine Months Ended
September 30,		  
     2013(1)      2012(2)      2013(1)      2012(2)  

Stock options

      1,360         4,921        2,559        3,584  

RSUs

      47         —           32        20  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

      1,407         4,921        2,591        3,604  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) These totals do not include 155,000 performance based options and 44,000 performance based RSUs representing the right to acquire 199,000 shares of common stock for which all targets required to trigger vesting have not been achieved as of September 30, 2013; therefore, such awards were excluded from the calculation of weighted average shares used to compute diluted earnings per share for those reporting periods.
(2) These totals do not include performance based options and RSUs representing the right to acquire 110,000 shares and 400,000 shares of common stock for which all targets required to trigger vesting had not been achieved as of September 30, 2012; therefore, such awards were excluded from the calculation of weighted average shares used to compute diluted earnings per share for those reporting periods.