Non- controlling Interest (Tables)

3 Months Ended

Mar. 31, 2023

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interest

The components of the change in redeemable non-controlling interests for the three months ended March 31, 2023 are presented in the following table (in thousands):

Carrying Value of Redeemable Non-Controlling Interest as of January 1, 2023	$	28,919
Effect of foreign currency translation attributable to redeemable non-controlling interest	366
Carrying Value of Redeemable Non-Controlling Interest as of March 31, 2023	$	29,285

The following table reconciles the initial investment by the Purchasers and the carrying value of their non-controlling interest as of the Closing Date (as defined in the Equity Transfer Agreement):

Carrying Value of Permanent Equity Non-Controlling Interest as of January 1, 2023	$	10,909
Increase in additional paid-in capital	14,742
Net income (loss) attributable to non-controlling interest	(338)
Closing and direct costs incurred	(146)
Effect of foreign currency translation attributable to non-controlling interest	(33)
Carrying Value of Permanent Equity Non-Controlling Interest as of March 31, 2023	$	25,134