Equity And Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2011

Equity And Comprehensive Income (Loss)

Equity And Comprehensive Income (Loss)

NOTE 8 — EQUITY AND COMPREHENSIVE INCOME (LOSS)

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 equity 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 at January 1, 2011	$	(7,695,606)	$	490,920	$	(7,204,686)
Net income (loss)		(259,067)		22,438		(236,629)
Foreign currency translation adjustments		(27,810)		1,731		(26,079)
Unrealized holding loss on marketable securities		(6,776)		(513)		(7,289)
Unrealized holding gain on cash flow derivatives		22,791		—		22,791
Reclassification adjustment		18		216		234
Other - net		(940)		(3,429)		(4,369)
Balances at September 30, 2011	$	(7,967,390)	$	511,363	$	(7,456,027)

(In thousands)	The Company		Noncontrolling Interests		Consolidated
Balances at January 1, 2010	$	(7,300,386)	$	455,648	$	(6,844,738)
Net income (loss)		(416,423)		9,197		(407,226)
Foreign currency translation adjustments		9,748		3,128		12,876
Unrealized holding gain (loss) on marketable securities		9,830		(613)		9,217
Unrealized holding loss on cash flow derivatives		(7,617)		—		(7,617)
Reclassification adjustment		1,414		10		1,424
Other - net		11,924		4,544		16,468
Balances at September 30, 2010	$	(7,691,510)	$	471,914	$	(7,219,596)

The Company does not have any compensation plans under which it grants awards to employees. CCMH and CCOH have granted options to purchase shares of their Class A common stock to certain key individuals. CCMH completed a voluntary stock option exchange program on March 21, 2011 and exchanged 2.5 million stock options granted under the Clear Channel 2008 Executive Incentive Plan for 1.3 million replacement stock options with a lower exercise price and different service and performance vesting conditions. The Company accounted for the exchange program as a modification of the existing awards under ASC 718 and will recognize incremental compensation expense of approximately $1.0 million over the service period of the new awards.