Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY (Tables)

v2.4.0.6
STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2012
STOCKHOLDERS' EQUITY [Abstract]  
Change in Ownership Interest
The purchase or sale of ownership in an already controlled subsidiary, where the Company retains control after the transaction, is recorded as an equity transaction with no gain or loss recognized in consolidated net income or comprehensive income. In 2011, the Company acquired the remaining equity interests in Front Line, Vector and other smaller companies. See Note 3—Acquisitions for further discussion regarding the Front Line acquisition. The following schedule reflects the change in ownership interests for these transactions.

   
Year Ended December 31,
 
   
2012
   
2011
   
2010
 
   
(in thousands)
 
Net loss attributable to common stockholders of Live Entertainment, Inc.
  $ (163,227 )   $ (83,016 )   $ (228,390 )
Transfers from noncontrolling interest:
                       
Changes in Live Nation Entertainment, Inc.'s additional paid-in capital for purchase of noncontrolling interests, net of transaction costs
    43       85,590       3,573  
Net transfers from noncontrolling interest
    43       85,590       3,573  
Change from net income (loss) attributable to common stockholders of Live
                       
Nation Entertainment, Inc. and transfers from noncontrolling interests
  $ (163,184 )   $ 2,574     $ (224,817 )
Earnings Per Share
The following table sets forth the computation of basic and diluted net loss from continuing operations per common share:
 
   
2012
   
2011
   
2010
 
   
(in thousands, except for per share data)
 
Net income (loss) attributable to common stockholders of Live Nation Entertainment, Inc.
  $ (163,227 )   $ (83,016 )   $ (228,390 )
Less loss from discontinued operations, net of tax
    -       -       (4,228 )
Net loss from continuing operations attributable to common stockholders of Live Nation Entertainment, Inc.—basic and diluted
  $ (163,227 )   $ (83,016 )   $ (224,162 )
Weighted average common shares—basic
    186,956       182,388       164,410  
Effect of dilutive securities:
                       
Stock options, restricted stock and warrants
    -       -       -  
2.875% convertible senior notes
    -       -       -  
Weighted average common shares—diluted
    186,956       182,388       164,410  
Basic and diluted loss from continuing operations per common share
  $ (0.87 )   $ (0.46 )   $ (1.36 )
Potentially Dilutive Securities Excluded From Diluted Net Loss Per Common Share
The calculation of diluted net income 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 per common share because such securities are anti-dilutive:
 
   
2012
   
2011
   
2010
 
   
(in thousands)
 
Options to purchase shares of common stock
    24,722       21,429       20,464  
Restricted stock awards and units - unvested
    3,207       4,028       4,031  
Warrants
    500       500       500  
Conversion shares related to 2.875% convertible senior notes
    8,105       8,105       8,105  
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding
    36,534       34,062       33,100