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Shareholders' Deficit (Tables)
 12 Months Ended
Dec. 31, 2015
Schedule of Changes in Sharholders' Deficit and Other Comprehensive Loss
NOTE 8 – SHAREHOLDERS’ DEFICIT
The Company reports its noncontrolling interests in consolidated subsidiaries as a component of equity separate from the Company’s equity. The following table shows the changes in shareholders’ deficit attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total, ownership interest:
(In thousands) The CompanyNoncontrolling InterestsConsolidated
Balances as of January 1, 2015$ (9,889,348)$ 224,140 $ (9,665,208)
Net income (loss) (754,621) 17,131 (737,490)
Dividends and other payments to noncontrolling interests - (52,384) (52,384)
Purchase of additional noncontrolling interests (40,819) (1,978) (42,797)
Share-based compensation 2,564 8,359 10,923
Foreign currency translation adjustments (93,377) (21,529) (114,906)
Unrealized holding gain on marketable securities 495 58 553
Other adjustments to comprehensive loss (9,253) (1,013) (10,266)
Reclassifications 734 74 808
Other, net (671) 4,757 4,086
Balances as of December 31, 2015$(10,784,296)$177,615 $(10,606,681)

(In thousands)The CompanyNoncontrolling InterestsConsolidated
Balances as of January 1, 2014$(8,942,166)$ 245,531 $(8,696,635)
Net income (loss) (793,761) 31,603 (762,158)
Dividends and other payments to noncontrolling interests - (40,027) (40,027)
Purchase of additional noncontrolling interests (46,806) (1,944) (48,750)
Share-based compensation 2,970 7,743 10,713
Foreign currency translation adjustments (101,980) (19,898) (121,878)
Unrealized holding gain on marketable securities 285 42 327
Other adjustments to comprehensive loss (10,214) (1,224) (11,438)
Reclassifications 3,317 - 3,317
Other, net (993) 2,314 1,321
Balances as of December 31, 2014$ (9,889,348)$ 224,140 $ (9,665,208)
Schedule of Stock Options Vested and Expected to Vest Outstanding
The following table presents a summary of the Company's stock options outstanding at and stock option activity during the year ended December 31, 2015 ("Price" reflects the weighted average exercise price per share):
(In thousands, except per share data)OptionsPriceWeighted Average Remaining Contractual Term
Outstanding, January 1, 2015 2,301 $ 32.85
Granted - -
Exercised - -
Forfeited - -
Expired (204) 10.46
Outstanding, December 31, 2015 (1) 2,097 35.03 3.7 years
Exercisable 1,415 35.22 3.8 years
Expected to Vest 658 35.55 3.3 years
(1)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.

The following table presents a summary of CCOH’s stock options outstanding at and stock option activity during the year ended December 31, 2015:
(In thousands, except per share data) OptionsPrice(3)Weighted Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding, January 1, 2015 6,025 $ 9.92
Granted (1) 921 9.96
Exercised (2) (622) 6.11
Forfeited (34) 8.74
Expired (942) 12.45
Outstanding, December 31, 2015 5,348 9.93 5.6 years$ 1,049
Exercisable 3,658 10.33 4.2 years$ 1,049
Expected to vest 1,535 9.02 8.4 years$ -
(1)The weighted average grant date fair value of CCOH options granted during the years ended December 31, 2015, 2014 and 2013 was $4.25, $4.69 and $4.10 per share, respectively.
(2)Cash received from option exercises during the years ended December 31, 2015, 2014 and 2013 was $3.8 million, $2.4 million and $4.2 million, respectively. The total intrinsic value of the options exercised during the years ended December 31, 2015, 2014 and 2013 was $2.8 million, $1.5 million and $5.0 million, respectively.
(3)Reflects the weighted average exercise price per share.
Schedule of Unvested Stock Options Activity
A summary of the Company’s unvested options and changes during the year ended December 31, 2015 is presented below:
(In thousands, except per share data)OptionsWeighted Average Grant Date Fair Value
Unvested, January 1, 2015 821 $ 13.61
Granted - -
Vested (1) (139) 2.32
Forfeited - -
Unvested, December 31, 2015 682 15.99
(1)The total fair value of the options vested during the years ended December 31, 2015, 2014 and 2013 was $0.3 million, $0.3 million and $6.3 million, respectively.

A summary of CCOH’s unvested options at and changes during the year ended December 31, 2015 is presented below:
(In thousands, except per share data)OptionsWeighted Average Grant Date Fair Value
Unvested, January 1, 2015 1,553 $ 4.92
Granted 921 4.25
Vested (1) (750) 5.56
Forfeited (34) 4.92
Unvested, December 31, 2015 1,690 4.27
(1)The total fair value of CCOH options vested during the years ended December 31, 2015, 2014 and 2013 was $4.2 million, $6.1 million and $7.1 million, respectively.
Schedule of Restricted Stock and Restricted Stock Units Activity
(In thousands, except per share data)AwardsPrice
Outstanding, January 1, 2015 4,529 $ 5.02
Granted 1,413 5.83
Vested (restriction lapsed) (446) 4.56
Forfeited (426) 4.21
Outstanding, December 31, 2015 5,070 5.36

The following table presents a summary of CCOH’s restricted stock and restricted stock units outstanding at and activity during the year ended December 31, 2015 ("Price" reflects the weighted average share price at the date of grant):
(In thousands, except per share data)AwardsPrice
Outstanding, January 1, 2015 2,458 $ 7.54
Granted 702 10.35
Vested (restriction lapsed) (340) 6.13
Forfeited (58) 8.39
Outstanding, December 31, 2015 2,762 8.43
Schedule of Stock Options and Valuation Assumptions
The following assumptions were used to calculate the fair value of CCOH’s options on the date of grant:
Years Ended December 31,
201520142013
Expected volatility37% – 56%54% – 56%55% – 56%
Expected life in years6.36.36.3
Risk-free interest rate1.70% – 2.07%1.73% – 2.08%1.05% – 2.19%
Dividend yield0%0%0%
Earnings per share table
(In thousands, except per share data)Years Ended December 31,
201520142013
NUMERATOR:
Net loss attributable to the Company – common shares$ (754,621)$ (793,761)$ (606,883)
Less: Participating securities dividends - - 2,566
Net loss attributable to the Company per common share – basic and diluted$ (754,621)$ (793,761)$ (609,449)
DENOMINATOR:
Weighted average common shares outstanding – basic 84,278 83,941 83,364
Effect of dilutive securities:
Weighted average common shares outstanding – diluted 84,278 83,941 83,364
Net loss attributable to the Company per common share:
Basic$ (8.95)$ (9.46)$ (7.31)
Diluted$ (8.95)$ (9.46)$ (7.31)
(1)7.2 million, 6.8 million and 6.4 million stock options and restricted shares were outstanding at December 31, 2015, 2014 and 2013, respectively, that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive.