Noncontrolling Interest

3 Months Ended

Mar. 31, 2019

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 months ended March 31, 2019 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 Sheets as of March 31, 2019 and December 31, 2018 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 three months ended March 31, 2019:



	EEH Units Held By Earthstone and Lynden US	%		EEH Units Held By Others	%		Total EEH Units Outstanding
As of December 31, 2018	28,696,321	44.7	%	35,452,178	55.3	%	64,148,499
EEH Units and Class B Common Stock converted to Class A Common Stock	—			—			—
EEH Units issued in connection with the vesting of restricted stock units	166,140			—			166,140
As of March 31, 2019	28,862,461	44.9	%	35,452,178	55.1	%	64,314,639

The following table summarizes the activity for the equity attributable to the noncontrolling interest for the three months ended March 31, 2019 (in thousands):



	2019
As of December 31, 2018	$	491,852
EEH Units and Class B Common Stock converted to Class A Common Stock	—
ASC 842 implementation adjustment attributable to noncontrolling interest	99
Net loss attributable to noncontrolling interest	(21,239		)

As of March 31, 2019	$	470,712