Quarterly report pursuant to Section 13 or 15(d)

EQUITY Equity (Tables)

v3.5.0.2
EQUITY Equity (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Reconciliation of Carrying Amount of Equity and Redeemable Noncontrolling Interests
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 nine months ended September 30, 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
25,237

 

 
25,237

 

Common stock issued under stock plans, net of shares withheld for employee taxes
(4,110
)
 

 
(4,110
)
 

Exercise of stock options
5,676

 

 
5,676

 

Acquisitions

 
40,705

 
40,705

 
26,183

Divestitures

 
(1,856
)
 
(1,856
)
 

Purchases of noncontrolling interests
(21,480
)
 
(9,663
)
 
(31,143
)
 
623

Redeemable noncontrolling interests fair value adjustments
(33,204
)
 

 
(33,204
)
 
33,204

Cash distributions

 
(15,982
)
 
(15,982
)
 
(9,297
)
Other

 
759

 
759

 
(260
)
Comprehensive income (loss):
 
 
 
 

 
 
Net income (loss)
104,302

 
14,361

 
118,663

 
(5,395
)
Foreign currency translation adjustments
(32,616
)
 

 
(32,616
)
 

Balance at September 30, 2016
$
1,280,758

 
$
238,290

 
$
1,519,048

 
$
308,773

Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents changes in the components of AOCI, net of taxes, for the nine months ended September 30, 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

 
(32,616
)
 
(32,616
)
Balance at September 30, 2016
$
(358
)
 
$
(143,915
)
 
$
(144,273
)
Weighted Average Common Shares Outstanding
The following table sets forth the computation of weighted average common shares outstanding:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
Weighted average common shares—basic
202,118,412

 
201,392,591

 
201,904,305

 
200,776,477

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options and restricted stock
7,641,823

 
7,346,189

 
6,951,096

 
7,717,174

Convertible senior notes
7,929,982

 

 

 

Weighted average common shares—diluted
217,690,217

 
208,738,780

 
208,855,401

 
208,493,651

Potentially Dilutive Securities Excluded From 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 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
Options to purchase shares of common stock
1,726,732

 
3,177,293

 
5,309,138

 
3,153,930

Restricted stock awards—unvested
316,810

 
164,536

 
319,310

 
164,536

Conversion shares related to the convertible senior notes

 
7,929,982

 
7,929,982

 
7,929,982

Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding
2,043,542

 
11,271,811

 
13,558,430

 
11,248,448