Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 167

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 167
---
 a result of the market conditions caused by COVID-19. During the three months ended March 31, 2025, we did not repurchase any shares pursuant to the Share Repurchase Program. As of March 31, 2025, the Share Repurchase Program remains suspended and approximately $287 million remains authorized for repurchases.Exchangeable Notes

17

On April 17, 2020, we issued $345 million aggregate principal amount of 2025 Exchangeable Notes. On March 19, 2024, Sabre GLBL exchanged $150 million aggregate principal amount of our outstanding 2025 Exchangeable Notes for $150 million aggregate principal amount of the 2026 Exchangeable Notes and approximately $30 million of cash. Under the terms of the Exchangeable Notes Indentures, the Exchangeable Notes are exchangeable into our common stock under specified circumstances, at our election. As of March 31, 2025, we had $183 million and $150 million aggregate principal amount of 2025 Exchangeable Notes and 2026 Exchangeable Notes outstanding, respectively. See Note 6. Debt for further details. Until the 2026 Exchangeable Notes mature, we expect to settle the principal amount of the outstanding 2026 Exchangeable Notes in shares of our common stock. The 2025 Exchangeable Notes matured on April 15, 2025, and were settled with cash.

11. Earnings Per Share 

The following table reconciles the numerators and denominators used in the computations of basic and diluted earnings per share from continuing operations (in thousands, except per share data):Three Months Ended March 31,20252024Numerator:Income (loss) from continuing operations$35,548 $(71,105)Less: Net income attributable to noncontrolling interests213 378 Net income (loss) from continuing operations available to common stockholders, basic 35,335 (71,483)Add: Interest expense and amortization of debt discount and issuance costs for exchangeable notes, net of tax4,203 — Net income (loss) from continuing operations available to common stockholders, diluted$39,538 $(71,483)Denominator:Basic weighted-average common shares outstanding386,271 379,774 Add: Dilutive effect of stock options and restricted stock awards12,396 — Add: Dilutive effect of exchangeable notes56,593 — Diluted weighted-average common