Shareholder's Deficit

3 Months Ended

Mar. 31, 2016

Shareholder's Deficit

NOTE 6 – SHAREHOLDER’S 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 shareholder’s 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
Balances as of January 1, 2016		$	(10,784,296)	$	177,615	$	(10,606,681)
	Net income (loss)		(88,515)		29,621		(58,894)
	Dividends and other payments to noncontrolling interests		-		(54,267)		(54,267)
	Share-based compensation		709		2,385		3,094
	Foreign currency translation adjustments		22,692		4,885		27,577
	Unrealized holding loss on marketable securities		(32)		(4)		(36)
	Other, net		(1,226)		588		(638)
Balances as of March 31, 2016		$	(10,850,668)	$	160,823	$	(10,689,845)

(In thousands)		The Company		Noncontrolling Interests		Consolidated
Balances as of January 1, 2015		$	(9,889,348)	$	224,140	$	(9,665,208)
	Net loss		(384,966)		(1,668)		(386,634)
	Dividends and other payments to noncontrolling interests		-		(2,119)		(2,119)
	Purchase of additional noncontrolling interests		(19,264)		(1,136)		(20,400)
	Share-based compensation		599		1,925		2,524
	Foreign currency translation adjustments		(75,840)		(6,319)		(82,159)
	Unrealized holding gain on marketable securities		738		84		822
	Other adjustments to comprehensive loss		(1,036)		(118)		(1,154)
	Other, net		(6)		651		645
Balances as of March 31, 2015		$	(10,369,123)	$	215,440	$	(10,153,683)

The Company does not have any compensation plans under which it grants awards to employees. Parent and CCOH have granted restricted stock, restricted stock units and options to purchase shares of their Class A common stock to certain key individuals.