NONCONTROLLING INTEREST

9 Months Ended

Sep. 30, 2015

Noncontrolling Interest [Abstract]

NONCONTROLLING INTEREST

NONCONTROLLING INTEREST

In December 2013, the Company sold a 49.99% interest in JobKorea Ltd. (“JobKorea”), its wholly owned subsidiary in South Korea, to H&Q Korea for an aggregate purchase price of $90,000. H&Q Korea, an affiliate of H&Q Asia Pacific, is a pioneer in the development of Korea’s private equity industry and one of the top private equity managers in the country. Based on the terms of the agreement, Monster maintained a controlling interest in the subsidiary and, accordingly, continued to consolidate the results of JobKorea in its consolidated financial statements. On September 28, 2015, the Company entered into an agreement to sell its remaining 50.01% ownership position in JobKorea to H&Q Korea. See Note 6 - Discontinued Operations for additional details.

During the nine months ended September 30, 2015 and 2014, a cash distribution of $10,018 and $3,021, respectively, was declared and paid by JobKorea to both Monster and H&Q Korea. The noncontrolling interest’s share of net income was $1,512 and $3,712 for the three and nine months ended September 30, 2015, respectively. The noncontrolling interest's share of net income was $1,318 and $3,954 for the three and nine months ended September 30, 2014, respectively.

The following table reflects the changes in stockholders’ equity attributed to the Company and the noncontrolling interest in the nine months ended September 30, 2015:

	Attributable to Monster Worldwide, Inc.			Attributable to Noncontrolling Interest			Total Stockholders' Equity
Balance, December 31, 2014	$	420,498		$	54,247		$	474,745
Net income	17,547			3,712			21,259
Change in cumulative foreign currency translation adjustment	(7,805		)	(3,291		)	(11,096		)
Comprehensive income	9,742			421			10,163
Tax withholdings related to net share settlements of restricted stock awards and units	(8,592		)	—			(8,592		)
Cash distribution	—			(10,018		)	(10,018		)
Stock based compensation - restricted stock	11,243			—			11,243
Balance, September 30, 2015	$	432,891		$	44,650		$	477,541