Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) per Common Share

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Earnings (Loss) per Common Share
9 Months Ended
Sep. 30, 2014
Earnings (Loss) Per Common Share  
Earnings (loss) per common share

(3) Earnings (Loss) Per Common Share

Basic earnings (loss) per common share (“EPS”) is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented.

The Company issued 73,685,924 common shares, which is the aggregate number of shares of Series A and Series B common stock outstanding upon the completion of the Trip Spin-Off on August 27, 2014.  The same number of shares is being used for both basic and diluted earnings per share for all periods prior to the date of the Trip Spin-Off as no Company equity awards were outstanding prior to the Trip Spin-Off.

 

 

 

 

 

 

 

 

 

 

TripCo Common Stock

 

    

Three months ended 

 

 

Nine months ended

 

 

 

September 30, 2014

 

 

September 30, 2014

 

 

 

number of shares in millions

Basic EPS

 

73 

 

 

73 

 

Potentially dilutive shares

 

 

 

 

Diluted EPS

 

74 

 

 

74