Quarterly report pursuant to Section 13 or 15(d)

EQUITY

v3.4.0.3
EQUITY
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
EQUITY
EQUITY
The following table shows the reconciliation of the carrying amount of stockholders’ equity attributable to Live Nation, equity attributable to noncontrolling interests, total equity and also redeemable noncontrolling interests for the three months ended March 31, 2016:
 
Live Nation
Stockholders’ Equity
 
Noncontrolling
Interests
 
Total
Equity
 
Redeemable
Noncontrolling
Interests
 
(in thousands)
 
(in thousands)
Balance at December 31, 2015
$
1,236,953

 
$
209,966

 
$
1,446,919

 
$
263,715

Non-cash compensation expense
8,923

 
—

 
8,923

 
—

Common stock issued under stock plans, net of shares withheld for employee taxes
(3,063
)
 
—

 
(3,063
)
 
—

Exercise of stock options
677

 
—

 
677

 
—

Acquisitions
—

 
21,406

 
21,406

 
2,709

Redeemable noncontrolling interests fair value adjustments
(13,336
)
 
—

 
(13,336
)
 
13,336

Cash distributions
—

 
(9,585
)
 
(9,585
)
 
(5,877
)
Other
—

 
—

 
—

 
124

Comprehensive loss:
 
 
 
 

 
 
Net loss
(44,518
)
 
(1,517
)
 
(46,035
)
 
(9,919
)
Foreign currency translation adjustments
(1,248
)
 
—

 
(1,248
)
 
—

Balance at March 31, 2016
$
1,184,388

 
$
220,270

 
$
1,404,658

 
$
264,088



Accumulated Other Comprehensive Loss
The following table presents changes in the components of AOCI, net of taxes, for the three months ended March 31, 2016:
 
Defined Benefit Pension Items
 
Foreign Currency Items
 
Total
 
(in thousands)
Balance at December 31, 2015
$
(358
)
 
$
(111,299
)
 
$
(111,657
)
Other comprehensive loss before reclassifications
—

 
(1,248
)
 
(1,248
)
Net other comprehensive loss
—

 
(1,248
)
 
(1,248
)
Balance at March 31, 2016
$
(358
)
 
$
(112,547
)
 
$
(112,905
)



Earnings Per Share
Basic net income (loss) per common share is computed by dividing the net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. The calculation of diluted net income (loss) per common share includes the effects of the assumed exercise of any outstanding stock options, the assumed vesting of shares of restricted stock awards and the assumed conversion of the convertible senior notes where dilutive. For the three months ended March 31, 2016 and 2015, there were no reconciling items to the weighted average common shares outstanding in the calculation of diluted net income (loss) per common share.
The following table shows securities excluded from the calculation of diluted net income (loss) per common share because such securities are anti-dilutive:
 
Three Months Ended 
 March 31,
 
2016
 
2015
 
(in thousands)
Options to purchase shares of common stock
17,322

 
18,400

Restricted stock awards—unvested
1,086

 
984

Conversion shares related to the convertible senior notes
7,930

 
7,930

Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding
26,338

 
27,314