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Member's Interest (Tables) | 12 Months Ended
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Dec. 31, 2014
Schedule of Changes in Member's Deficit and Other Comprehensive Loss |
(In thousands) | The Company |  | Noncontrolling Interests |  | Consolidated
Balances at January 1, 2014 | $ | (8,942,166) |  | $ | 245,531 |  | $ | (8,696,635)
| Net income (loss) |  | (793,761) |  |  | 31,603 |  |  | (762,158)
| Dividends and other payments to noncontrolling interests |  | - |  |  | (40,027) |  |  | (40,027)
| Purchase of additional noncontrolling interests |  | (46,806) |  |  | (1,944) |  |  | (48,750)
| Foreign currency translation adjustments |  | (101,980) |  |  | (19,898) |  |  | (121,878)
| Unrealized holding gain on marketable securities |  | 285 |  |  | 42 |  |  | 327
| Other adjustments to comprehensive loss |  | (10,214) |  |  | (1,224) |  |  | (11,438)
| Reclassifications |  | 3,317 |  |  | - |  |  | 3,317
| Other, net |  | 1,977 |  |  | 10,057 |  |  | 12,034
Balances at December 31, 2014 | $ | (9,889,348) |  | $ | 224,140 |  | $ | (9,665,208)
(In thousands) | The Company |  | Noncontrolling Interests |  | Consolidated
Balances at January 1, 2013 | $ | (8,299,188) |  | $ | 303,997 |  | $ | (7,995,191)
| Net income (loss) |  | (606,883) |  |  | 23,366 |  |  | (583,517)
| Dividends and other payments to noncontrolling interests |  | - |  |  | (91,887) |  |  | (91,887)
| Foreign currency translation adjustments |  | (29,755) |  |  | (3,246) |  |  | (33,001)
| Unrealized holding gain on marketable securities |  | 16,439 |  |  | 137 |  |  | 16,576
| Unrealized holding gain on cash flow derivatives |  | 48,180 |  |  | - |  |  | 48,180
| Other adjustments to comprehensive loss |  | 5,932 |  |  | 800 |  |  | 6,732
| Reclassifications |  | (83,585) |  |  | (167) |  |  | (83,752)
| Other, net |  | 6,694 |  |  | 12,531 |  |  | 19,225
Balances at December 31, 2013 | $ | (8,942,166) |  | $ | 245,531 |  | $ | (8,696,635)
Schedule of Stock Options and Valuation Assumptions |
|  | Years Ended December 31,
|  | 2014(1) |  | 2013(1) |  | 2012
Expected volatility |  | N/A |  | N/A |  | 71% – 77%
Expected life in years |  | N/A |  | N/A |  | 6.3 – 6.5
Risk-free interest rate |  | N/A |  | N/A |  | 0.97% – 1.55%
Dividend yield |  | N/A |  | N/A |  | 0%
(1) No options were granted in 2013 and 2014 |  |  |  |  |  |
|  | Years Ended December 31,
|  | 2014 |  | 2013 |  | 2012
Expected volatility |  | 54% – 56% |  | 55% – 56% |  | 54% – 56%
Expected life in years |  | 6.3 |  | 6.3 |  | 6.3
Risk-free interest rate |  | 1.73% – 2.08% |  | 1.05% – 2.19% |  | 0.92% – 1.48%
Dividend yield |  | 0% |  | 0% |  | 0%
Schedule of Stock Options Vested and Expected to Vest Outstanding |
(In thousands, except per share data) | Options |  | Price |  | Weighted Average Remaining Contractual Term |
Outstanding, January 1, 2014 | 2,509 |  | $ | 33.11 |  |  |
| Granted (1) | - |  |  | - |  |  |
| Exercised | - |  |  | - |  |  |
| Forfeited | (125) |  |  | 36.00 |  |  |
| Expired | (83) |  |  | 36.00 |  |  |
Outstanding, December 31, 2014 (2) | 2,301 |  |  | 32.85 |  | 4.3 years |
Exercisable | 1,480 |  |  | 31.95 |  | 4.0 years |
Expected to Vest | 797 |  |  | 35.20 |  | 4.7 years |
The weighted average grant date fair value of options granted during the years ended December 31, 2012 was $2.68 per share. No options were granted during the years ended December 31, 2013 and 2014. Non-cash compensation expense has not been recorded with respect to 0.6 million shares as the vesting of these options is subject to performance conditions that have not yet been determined probable to meet.
(In thousands, except per share data) |  | Options |  | Price |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding, January 1, 2014 |  | 6,909 |  | $ | 9.60 |  |  |  |
| Granted (1) |  | 627 |  |  | 8.64 |  |  |  |
| Exercised (2) |  | (459) |  |  | 5.23 |  |  |  |
| Forfeited |  | (628) |  |  | 8.11 |  |  |  |
| Expired |  | (424) |  |  | 10.58 |  |  |  |
Outstanding, December 31, 2014 |  | 6,025 |  |  | 9.92 |  | 5.1 years |  | $13,956
Exercisable |  | 4,471 |  |  | 10.56 |  | 4.1 years |  | $10,065
Expected to vest |  | 1,487 |  |  | 8.08 |  | 7.8 years |  | $3,729
The weighted average grant date fair value of CCOH options granted during the years ended December 31, 2014, 2013 and 2012 was $4.69, $4.10 and $4.43 per share, respectively. Cash received from option exercises during the years ended December 31, 2014, 2013 and 2012 was $2.4 million, $4.2 million and $6.4 million, respectively. The total intrinsic value of the options exercised during the years ended December 31, 2014, 2013 and 2012 was $1.5 million, $5.0 million and $7.9 million, respectively.
Schedule of Unvested Stock Options Activity |
(In thousands, except per share data) |  | Options |  | Weighted Average Grant Date Fair Value
Unvested, January 1, 2014 |  | 1,086 |  | $ | 10.74
| Granted |  | - |  |  | -
| Vested (1) |  | (140) |  |  | 2.32
| Forfeited |  | (125) |  |  | 2.16
Unvested, December 31, 2014 |  | 821 |  |  | 13.61
The total fair value of the options vested during the years ended December 31, 2014, 2013 and 2012 was $0.3 million, $6.3 million and $3.9 million, respectively.
(In thousands, except per share data) |  | Options |  | Weighted Average Grant Date Fair Value
Unvested, January 1, 2014 |  | 2,645 |  | $ | 5.21
| Granted |  | 627 |  |  | 4.69
| Vested (1) |  | (1,091) |  |  | 5.59
| Forfeited |  | (628) |  |  | 4.74
Unvested, December 31, 2014 |  | 1,553 |  |  | 4.92
The total fair value of CCOH options vested during the years ended December 31, 2014, 2013 and 2012 was $6.1 million, $7.1 million and $11.5 million, respectively.
Schedule of Restricted Stock and Restricted Stock Units Activity |
(In thousands, except per share data) |  | Awards |  | Price
Outstanding, January 1, 2014 |  | 3,919 |  | $ | 3.35
| Granted |  | 1,826 |  |  | 7.86
| Vested (restriction lapsed) |  | (506) |  |  | 3.14
| Forfeited |  | (710) |  |  | 8.85
Outstanding, December 31, 2014 |  | 4,529 |  |  | 5.02
(In thousands, except per share data) |  | Awards |  | Price
Outstanding, January 1, 2014 |  | 1,892 |  | $ | 6.83
| Granted |  | 1,040 |  |  | 8.88
| Vested (restriction lapsed) |  | (64) |  |  | 6.86
| Forfeited |  | (410) |  |  | 7.76
Outstanding, December 31, 2014 |  | 2,458 |  |  | 7.54

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