Noncontrolling Interest

3 Months Ended

Mar. 31, 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 months ended March 31, 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 March 31, 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 three months ended March 31, 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	194,046			(194,046	)			—
EEH Units issued in connection with the vesting of restricted stock units	86,272			—				86,272
As of March 31, 2018	27,864,956	43.7	%	35,858,123		56.3	%	63,723,079

The following table summarizes the activity for the equity attributable to the noncontrolling interest for the three months ended March 31, 2018 (in thousands):



	2018
As of December 31, 2017	$	446,558
EEH Units and Class B Common Stock converted to Class A Common Stock	(2,409		)
Net income attributable to noncontrolling interest	6,870

As of March 31, 2018	$	451,019