Earnings (Loss) per Common Share |
6 Months Ended |
|---|---|
Jun. 30, 2015 | |
| Pro Forma Earnings per Share (EPS) | |
| Earnings (loss) per common share |
(3) Earnings (Loss) Per Common Share (EPS) 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 74 million 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. Basic and diluted weighted average common shares outstanding were 75 million for the three and six months ended June 30, 2015.
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