Noncontrolling Interest

9 Months Ended

Sep. 30, 2018

Earthstone consolidates the financial results of EEH and its subsidiaries and records a noncontrolling interest for the economic interest in Earthstone held by the members of EEH other than Earthstone and Lynden US. Net income attributable to noncontrolling interest in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2018 represents the portion of net income or loss attributable to the economic interest in the Company held by the members of EEH other than Earthstone and Lynden US. Noncontrolling interest in the Condensed Consolidated Balance Sheet as of September 30, 2018 and December 31, 2017 represents the portion of net assets of the Company attributable to the members of EEH other than Earthstone and Lynden US.

The following table presents the changes in noncontrolling interest for the nine months ended September 30, 2018:



	EEH Units Held By Earthstone and Lynden US	%		EEH Units Held By Others		%		Total EEH Units Outstanding
As of December 31, 2017	27,584,638	43.3	%	36,052,169		56.7	%	63,636,807
EEH Units and Class B Common Stock converted to Class A Common Stock	389,135			(389,135	)			—
EEH Units issued in connection with the vesting of restricted stock units	426,648			—				426,648
As of September 30, 2018	28,400,421	44.3	%	35,663,034		55.7	%	64,063,455

The following table summarizes the activity for the equity attributable to the noncontrolling interest for the nine months ended September 30, 2018 (in thousands):



	2018
As of December 31, 2017	$	446,558
EEH Units and Class B Common Stock converted to Class A Common Stock	(4,894		)
Net income attributable to noncontrolling interest	8,032

As of September 30, 2018	$	449,696