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Member's Interest (Tables)
 12 Months Ended
Dec. 31, 2014
Schedule of Changes in Member's Deficit and Other Comprehensive Loss
(In thousands)The CompanyNoncontrolling InterestsConsolidated
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 CompanyNoncontrolling InterestsConsolidated
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 volatilityN/AN/A71% – 77%
Expected life in yearsN/AN/A6.3 – 6.5
Risk-free interest rateN/AN/A0.97% – 1.55%
Dividend yieldN/AN/A0%
(1) No options were granted in 2013 and 2014

Years Ended December 31,
201420132012
Expected volatility54% – 56%55% – 56%54% – 56%
Expected life in years6.36.36.3
Risk-free interest rate1.73% – 2.08%1.05% – 2.19%0.92% – 1.48%
Dividend yield0%0%0%
Schedule of Stock Options Vested and Expected to Vest Outstanding
(In thousands, except per share data)OptionsPriceWeighted 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)OptionsPriceWeighted Average Remaining Contractual TermAggregate 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)OptionsWeighted 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)OptionsWeighted 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)AwardsPrice
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)AwardsPrice
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