XML 149 R106.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation - Additional Information (Detail) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of units that cliff vest after three years   264,000    
Number of units that vest 50% on each of the third and fourth anniversary of the date of grant   93,000    
Number of units that vest ratably over a three-year period (in number of units)   621,000    
Number of units that vest on the first anniversary of the date of the grant (in number of units)   31,000    
Fair value of restricted stock units which contain 2.5-year vesting periods (in dollars per unit) $ 11.93      
Fair value of restricted stock units which contain three-year vesting periods (in dollars per unit) $ 10.59 $ 11.38    
Fair value of restricted stock units which contain four-year vesting periods (in dollars per unit)   $ 12.53    
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options, Ending Balance 1,901,000      
Weighted Average Exercise Price, Balance at end of year $ 2.89 [1] $ 7.90 [1] $ 7.22 [1] $ 11.30
Stock- based compensation expense $ 16,000,000 $ 17,000,000 $ 15,000,000  
Stock- based compensation expense, net of tax 10,000,000 11,000,000 9,000,000  
Time Vested Stock Options
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Estimated fair value of stock option     $ 6.16  
Restricted Stock Units (RSUs)
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted RSUs description RSUs granted by the Company entitle the employee to receive one share of Avis Budget common stock upon vesting, which occurs ratably over a 2.5-, three- or four-year period for the RSUs outstanding as of December 31, 2012.      
Number of restricted stock units target award vested range, minimum 0.00%      
Number of restricted stock units target award vested range, maximum 100.00%      
Share-based compensation vesting period 2 years 6 months      
Restricted Stock Units (RSUs) | Minimum
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation vesting period 3 years      
Restricted Stock Units (RSUs) | Maximum
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation vesting period 4 years      
Restricted Stock Units (RSUs) | Market Vesting Schedule
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted at fair market value (in number of RSUs) 488,000 357,000    
Restricted Stock Units (RSUs) | Time Based Vesting Schedule
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted at fair market value (in number of RSUs) 835,000 652,000 989,000  
Restricted Stock Units (RSUs) | Performance Based Vesting Schedule
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted at fair market value (in number of RSUs) 486,000      
Stock Appreciation Rights (SARs)
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Weighted average contractual life 7 months 6 days      
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options, Ending Balance 500,000      
Weighted Average Exercise Price, Balance at end of year $ 24.40      
Options
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted at fair market value, Number of Options     160,000  
Restricted Cash Units
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Fair value of restricted stock units which contain 2.5-year vesting periods (in dollars per unit) $ 11.93      
Outstanding stock -cash units 156,000      
Weighted average contractual life 2 years 1 month 6 days      
Restricted Cash Units | Time Based Vesting Schedule
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation vesting period 2 years 6 months      
Granted at fair market value (in number of RSUs) 35,000      
Restricted Cash Units | Market Based Vesting Schedule
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation vesting period 2 years 6 months      
Granted at fair market value (in number of RSUs) 121,000      
2007 Equity And Incentive Plan
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock based compensation plan, authorized grant 16,000,000      
Stock based compensation plan, shares available for grant 5,000,000      
Tax benefits from compensation expense 36,000,000      
Employee service share based compensation incremental tax benefit to be realized from exercise of stock awards 14,000,000      
Stock options, vest ratably, in years 5      
Stock options granted expiration period, in years 10      
2007 Equity And Incentive Plan | Deferred Compensation Plan
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted at fair market value (in number of RSUs) 53,000 54,000 51,000  
Employee Stock Purchase Plan
       
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Employee's maximum fair value amount through ESPP $ 25,000      
Share based compensation percentage in annual base salary 10.00%      
Purchase price of common stock calculated at fair value of end of option period 95.00%      
Aggregate shares available for purchase that can be newly issued or issued from treasury 1,000,000      
Employee stock purchase plan, maximum reserved shares 2,500,000      
Shares available for purchase in a given period that can be newly issued or issued from treasury 125,000      
Share-based compensation, shares sold 12,000      
[1] As of December 31, 2012, the Company's outstanding stock options had an aggregate intrinsic value of $32 million; there were 1.9 million "in-the-money" stock options; and the aggregate unrecognized compensation expense related to unvested stock options was $1 million, to be recognized over 2.1 years. Approximately 1.8 million stock options are exercisable as of December 31, 2012 and approximately 32,000 stock options are eligible to vest in 2013.