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Note 6 - Noncontrolling Interest
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Noncontrolling Interest Disclosure [Text Block]

Note 6. Noncontrolling Interest

 

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 (loss) income attributable to noncontrolling interest in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2020 and 2019 represents the portion of net (loss) income 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 September 30, 2020 and December 31, 2019 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, 2020:

 

  

EEH Units Held

              

Total EEH

 
  

By Earthstone

      

EEH Units Held

      

Units

 
  

and Lynden US

  

%

  

By Others

  

%

  

Outstanding

 

As of December 31, 2019

  29,421,131   45.5%  35,260,680   54.5%  64,681,811 

EEH Units and Class B Common Stock converted to Class A Common Stock

  251,309       (251,309)       

EEH Units issued in connection with the vesting of restricted stock units

  538,309              538,309 

As of September 30, 2020

  30,210,749   46.3%  35,009,371   53.7%  65,220,120