Live Nation Entertainment Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EQUITY

EQUITY

6 Months Ended

Jun. 30, 2019

Common Stock

During the second quarter of 2019, we issued 824,328 shares of common stock to holders of our 2.5% convertible senior notes due 2019 in settlement of $28.6 million of the outstanding principal amount of the notes.

Accumulated Other Comprehensive Loss

The following table presents changes in the components of AOCI, net of taxes, for the six months ended June 30, 2019:



	Total (Foreign Currency Items)
	(in thousands)
Balance at December 31, 2018	$	(145,231	)
Other comprehensive loss before reclassifications	(3,560		)
Net other comprehensive loss	(3,560		)
Balance at June 30, 2019	$	(148,791	)

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 and the assumed conversion of our convertible senior notes where dilutive.

The following table sets forth the computation of weighted average common shares outstanding:



	Three Months Ended June 30,		Six Months Ended June 30,
	2019	2018	2019	2018
Weighted average common shares—basic	209,998,048	207,331,781	209,456,196	207,031,642
Effect of dilutive securities:
Stock options and restricted stock	9,636,873	7,773,338	9,651,155	8,043,561
Convertible senior notes	342,691	—	—	—
Weighted average common shares—diluted	219,977,612	215,105,119	219,107,351	215,075,203

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 June 30,		Six Months Ended June 30,
	2019	2018	2019	2018
Options to purchase shares of common stock	486,849	604,781	486,849	604,781
Restricted and deferred stock—unvested	1,326,480	2,668,381	1,365,825	2,627,154
Conversion shares related to the convertible senior notes	8,085,275	8,912,127	8,085,275	8,912,127
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding	9,898,604	12,185,289	9,937,949	12,144,062