XML 24 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
STOCKHOLDERS' DEFICIT
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
STOCKHOLDERS' DEFICIT
STOCKHOLDERS’ 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 stockholders' 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 Company
 
Noncontrolling
Interests
 
Consolidated
Balance as of January 1, 2018
$
(11,385,535
)
 
$
41,191

 
$
(11,344,344
)
Net loss
(416,815
)
 
(10,732
)
 
(427,547
)
Dividends declared and other payments to noncontrolling interests
—

 
(10,381
)
 
(10,381
)
Share-based compensation
1,628

 
6,757

 
8,385

Foreign currency translation adjustments
(11,062
)
 
(8,980
)
 
(20,042
)
Reclassification adjustments
1,274

 
151

 
1,425

Other, net
(78
)
 
(653
)
 
(731
)
Balances as of September 30, 2018
$
(11,810,588
)
 
$
17,353

 
$
(11,793,235
)
(In thousands)
The Company
 
Noncontrolling
Interests
 
Consolidated
Balance as of January 1, 2017
$
(11,030,835
)
 
$
128,974

 
$
(10,901,861
)
Net income (loss)
(816,802
)
 
7,614

 
(809,188
)
Dividends declared and other payments to noncontrolling interests
—

 
(43,540
)
 
(43,540
)
Share-based compensation
1,867

 
7,153

 
9,020

Purchase of additional noncontrolling interests
(378
)
 
(575
)
 
(953
)
Disposal of noncontrolling interest
—

 
(2,438
)
 
(2,438
)
Foreign currency translation adjustments
33,473

 
9,598

 
43,071

Unrealized holding loss on marketable securities
(195
)
 
(23
)
 
(218
)
Reclassification adjustments
4,078

 
485

 
4,563

Other, net
(323
)
 
(1,235
)
 
(1,558
)
Balances as of September 30, 2017
$
(11,809,115
)
 
$
106,013

 
$
(11,703,102
)

The Company has granted restricted stock and CCOH has granted restricted stock, restricted stock units and options to purchase shares of CCOH's Class A common stock to certain key individuals.
COMPUTATION OF LOSS PER SHARE
(In thousands, except per share data)
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2018
 
2017
 
2018
 
2017
NUMERATOR:
 
 
 
 
 
 
 
Net income (loss) attributable to the Company – common shares
$
70,078

 
$
(250,490
)
 
$
(416,815
)
 
$
(816,802
)
 
 
 
 
 
 
 
 
DENOMINATOR:
 

 
 

 
 

 
 

Weighted average common shares outstanding - basic
85,544

 
85,072

 
85,348

 
84,900

Weighted average common shares outstanding - diluted(1)
85,622

 
85,072

 
85,348

 
84,900

 
 
 
 
 
 
 
 
Net income (loss) attributable to the Company per common share:
 

 
 

 
 

 
 

Basic
$
0.82

 
$
(2.94
)
 
$
(4.88
)
 
$
(9.62
)
Diluted
$
0.82

 
$
(2.94
)
 
$
(4.88
)
 
$
(9.62
)
(1) 
Outstanding equity awards of 6.6 million and 8.5 million for the three months ended September 30, 2018 and 2017, respectively, and 7.6 million and 8.5 million for the nine months ended September 30, 2018 and 2017, respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.