Member's Deficit (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2015

Dec. 31, 2014

Schedule of Changes in Member's Deficit and Other Comprehensive Loss

The following table shows the changes in member’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 at 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)
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		593		2,576		3,169
Balances at March 31, 2015	$	(10,369,123)	$	215,440	$	(10,153,683)

(In thousands)	The Company		Noncontrolling     Interests		Consolidated
Balances at January 1, 2014	$	(8,942,166)	$	245,531	$	(8,696,635)
Net loss		(424,190)		(8,200)		(432,390)
Foreign currency translation adjustments		875		(3,092)		(2,217)
Unrealized holding gain on marketable securities		955		129		1,084
Other adjustments to comprehensive loss		3,309		-		3,309
Other, net		430		(1,533)		(1,103)
Balances at March 31, 2014	$	(9,360,787)	$	232,835	$	(9,127,952)

The following table shows the changes in member’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 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		3,316		1		3,317
Other, net		1,978		10,056		12,034
Balances at December 31, 2014	$	(9,889,348)	$	224,140	$	(9,665,208)

(In thousands)	The Company		Noncontrolling     Interests		Consolidated
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

The following assumptions were used to calculate the fair value of the options granted during the year ended December 31, 2012:

	Years Ended December 31,
	2014(1)	2013(1)	2012
Expected volatility	N/A	N/A	71% – 77%
Expected life in years	N/A	N/A	6.3 – 6.5
Risk-free interest rate	N/A	N/A	0.97% – 1.55%
Dividend yield	N/A	N/A	0%

⁽¹⁾ No options were granted in 2013 and 2014

The risk free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods equal to the expected life of the option. The following assumptions were used to calculate the fair value of CCOH’s options on the date of grant:

	Years Ended December 31,
	2014	2013	2012
Expected volatility	54% – 56%	55% – 56%	54% – 56%
Expected life in years	6.3	6.3	6.3
Risk-free interest rate	1.73% – 2.08%	1.05% – 2.19%	0.92% – 1.48%
Dividend yield	0%	0%	0%

Schedule of Stock Options Vested and Expected to Vest Outstanding

The following table presents a summary of Parent’s stock options outstanding at and stock option activity during the year ended December 31, 2014 (“Price” reflects the weighted average exercise price per share):

(In thousands, except per share data)	Options		Price		Weighted 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	4.3years
Exercisable		1,480		31.95	4.0years
Expected to Vest		797		35.20	4.7years

⁽¹⁾  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.

⁽²⁾  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, 2014 (“Price” reflects the weighted average exercise price per share):

(In thousands, except per share data)	Options		Price		Weighted Average Remaining   Contractual   Term	Aggregate   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	5.1years		$13,956
Exercisable		4,471		10.56	4.1years		$10,065
Expected to vest		1,487		8.08	7.8years		$3,729

⁽¹⁾  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.

⁽²⁾  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

A summary of Parents’s unvested options and changes during the year ended December 31, 2014 is presented below:

(In thousands, except per share data)	Options		Weighted 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

⁽¹⁾  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.

A summary of CCOH’s unvested options at and changes during the year ended December 31, 2014 is presented below:

(In thousands, except per share data)	Options		Weighted 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

⁽¹⁾  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

The following table presents a summary of Parent’s restricted stock outstanding and restricted stock activity as of and during the year ended December 31, 2014 (“Price” reflects the weighted average share price at the date of grant):

(In thousands, except per share data)	Awards		Price
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

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, 2014 (“Price” reflects the weighted average share price at the date of grant):

(In thousands, except per share data)	Awards		Price
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