Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

v2.4.0.6
STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 30, 2012
STOCKHOLDERS' EQUITY [Abstract]  
Reconciliation of Carrying Amount of Redeemable Noncontrolling Interests and Stockholders' Equity
The following table shows the reconciliation of the carrying amount of redeemable noncontrolling interests, total stockholders' equity, stockholders' equity attributable to Live Nation Entertainment, Inc. and stockholders' equity attributable to noncontrolling interests:
 
 Redeemable
 Live Nation
 Total
 Noncontrolling
 Entertainment, Inc.
 Noncontrolling
 Stockholders'
 Interests
 Stockholders' Equity
 Interests
 Equity
 (in thousands)
 (in thousands)
 Balances at December 31, 2011
 $                8,277
 $                  1,461,103
 $        155,791
 $       1,616,894
 Non-cash and stock-based compensation
                            -
                           23,694
                        -
               23,694
 Exercise of stock options
                            -
                                926
                        -
                     926
 Acquisitions
                 37,864
                                     -
                8,128
                  8,128
 Acquisitions of noncontrolling
      interests
                            -
                                     -
                 (238)
                   (238)
 Redeemable noncontrolling interests
   fair value adjustments
                       609
                              (609)
                        -
                   (609)
 Noncontrolling interests contributions
                            -
                                     -
                   130
                     130
 Cash distributions
                            -
                                     -
              (9,202)
                (9,202)
 Other
                    1,517
                                     -
                   (79)
                     (79)
 Comprehensive income (loss):
      Net income (loss)
                     (131)
                              (3,510)
                7,149
                  3,639
      Unrealized loss on cash flow hedges
                            -
                              (156)
                        -
                   (156)
    Change in funded status of defined
       benefit pension plan
                            -
                              (202)
                        -
                   (202)
      Currency translation adjustment
                            -
                           20,296
                        -
               20,296
 Balances at September 30, 2012
 $              48,136
 $                  1,501,542
 $        161,679
 $       1,663,221
Change in Ownership Interest
The following schedule reflects the change in ownership interests for these transactions.
 
 Three Months Ended
 Nine Months Ended
 September 30,
 September 30,
 2012
 2011
 2012
 2011
 (in thousands)
 Net income (loss) attributable to common stockholders of Live Nation Entertainment, Inc.
 $     57,948
 $     51,712
 $       (3,510)
 $     16,509
 Transfers (to) from noncontrolling interest:
 Changes in Live Nation Entertainment, Inc.'s paid in capital for
 purchase of noncontrolling interests, net of transaction costs
               4
            274
                -
       84,711
 Net transfers (to) from noncontrolling interest
               4
            274
                -
       84,711
 Change from net income (loss) attributable to common stockholders of
 Live Nation Entertainment, Inc. and transfers (to) from noncontrolling interests
 $     57,952
 $     51,986
 $       (3,510)
 $   101,220
Earnings Per Share
The following table sets forth the computation of basic and diluted net income (loss) per common share:
 

 
 Three Months Ended
 Nine Months Ended
 September 30,
 September 30,
2012
2011
2012
2011
 (in thousands, except for per share data)
 Net income (loss) attributable to common stockholders of
    Live Nation Entertainment, Inc. - basic and diluted
 $        57,948
 $        51,712
 $           (3,510)
 $        16,509
 Weighted average common shares—basic
         187,154
         186,128
         186,858
         181,116
 Effect of dilutive securities:
    Stock options, restricted stock and warrants
           2,600
             2,403
                      -
             2,191
    2.875% convertible senior notes
                      -
                      -
                      -
                      -
 Weighted average common shares—diluted
         189,754
         188,531
       186,858
         183,307
 Basic net income (loss) per common share
 $            0.31
 $            0.28
 $          (0.02)
 $            0.09
 Diluted net income (loss) per common share
 $            0.31
 $            0.27
 $          (0.02)
 $            0.09
Potentially Dilutive Securities Excluded From Diluted Net Income Per Common Share
The calculation of diluted net income (loss) per common share includes the effects of the assumed exercise of any outstanding stock options and warrants, the assumed vesting of shares of restricted stock awards and units and the assumed conversion of the 2.875% convertible senior notes where dilutive. 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
 Nine Months Ended
 September 30,
 September 30,
2012
2011
2012
2011
 (in thousands)
 Options to purchase shares of common stock
      16,890
      16,234
    22,213
      16,234
 Restricted stock awards and units - unvested
        2,308
         2,582
        4,061
         2,582
 Warrants
            500
            500
            500
            500
 Conversion shares related to 2.875% convertible senior notes
         8,105
         8,105
         8,105
         8,105
 Number of anti-dilutive potentially issuable shares excluded
    from diluted common shares outstanding
    27,803
      27,421
      34,879
      27,421