| 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 three months ended March 31, 2016:
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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 |
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|
$ |
263,715 |
|
Non-cash compensation expense |
8,923 |
|
|
— |
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|
8,923 |
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|
— |
|
Common stock issued under stock plans, net of shares withheld for employee taxes |
(3,063 |
) |
|
— |
|
|
(3,063 |
) |
|
— |
|
Exercise of stock options |
677 |
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|
— |
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|
677 |
|
|
— |
|
Acquisitions |
— |
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|
21,406 |
|
|
21,406 |
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|
2,709 |
|
Redeemable noncontrolling interests fair value adjustments |
(13,336 |
) |
|
— |
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|
(13,336 |
) |
|
13,336 |
|
Cash distributions |
— |
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|
(9,585 |
) |
|
(9,585 |
) |
|
(5,877 |
) |
Other |
— |
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— |
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— |
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|
124 |
|
Comprehensive loss: |
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Net loss |
(44,518 |
) |
|
(1,517 |
) |
|
(46,035 |
) |
|
(9,919 |
) |
Foreign currency translation adjustments |
(1,248 |
) |
|
— |
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|
(1,248 |
) |
|
— |
|
Balance at March 31, 2016 |
$ |
1,184,388 |
|
|
$ |
220,270 |
|
|
$ |
1,404,658 |
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|
$ |
264,088 |
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| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following table presents changes in the components of AOCI, net of taxes, for the three months ended March 31, 2016:
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Defined Benefit Pension Items |
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Foreign Currency Items |
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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 |
) |
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| 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:
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Three Months Ended
March 31, |
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2016 |
|
2015 |
|
(in thousands) |
Options to purchase shares of common stock |
17,322 |
|
|
18,400 |
|
Restricted stock awards—unvested |
1,086 |
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|
984 |
|
Conversion shares related to the convertible senior notes |
7,930 |
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|
7,930 |
|
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding |
26,338 |
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|
27,314 |
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