NONCONTROLLING INTEREST

9 Months Ended

Sep. 30, 2014

5.	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 maintains a controlling interest in the subsidiary and, accordingly, will continue to consolidate the results of JobKorea in its consolidated financial statements. The noncontrolling interest’s share of income from continuing operations and 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, 2014:


	Attributable to Monster Worldwide, Inc.			Attributable to Noncontrolling Interest			Total Stockholders’ Equity

Balance, December 31, 2013	$	789,671		$	54,474		$	844,145
Net income		430			3,954			4,384
Change in cumulative foreign currency translation adjustment		(27,683	)		758			(26,925	)

Comprehensive (loss) income		(27,253	)		4,712			(22,541	)
Repurchase of common stock		(52,070	)		—			(52,070	)
Tax withholdings related to net share settlements of restricted stock awards and units		(5,244	)		—			(5,244	)
Cash dividend		—			(3,021	)		(3,021	)
Tax provision for stock-based compensation		(2,062	)		—			(2,062	)
Stock based compensation - restricted stock		24,993			—			24,993

Balance, September 30, 2014	$	728,035		$	56,165		$	784,200

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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