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Buyers also pay a welcome tax, a one-time charge based on the purchase price.
The firm also struggled after a one-time charge depressed its earnings.
It expects to incur a one-time charge in 2010 because of the reorganization.
The company also took a £76 million one-time charge to add to its pension reserves.
I could live with that; it was a one-time charge.
It will take a one-time charge this year of about $65 million.
That included a one-time charge associated with the acquisition of Polygram.
Host said it expected to take a one-time charge of $40 million to $50 million.
The layoffs will force Priceline to take a one-time charge in the fourth quarter.
Excluding the one-time charge, the company said it earned $747 million, or $1.10 a share.
Companies that establish large reserves report them as a one-time charge against earnings.
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