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Changes in Capital
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Changes in Capital
Changes in Capital

Changes in capital during the nine-month period ended September 30, 2015 were as follows: 

 
Partners’ Capital Attributable to AB Unitholders
 
Non-Controlling Interests In Consolidated Entities
 
Total Capital
 
(in thousands)
 
 
 
 
 
 
Balance as of December 31, 2014
$
4,085,465

 
$
30,396

 
$
4,115,861

Comprehensive income:
 

 
 

 
 

Net income
425,539

 
4,879

 
430,418

Other comprehensive income, net of tax:
 

 
 

 
 

Unrealized (losses) on investments
(922
)
 
—

 
(922
)
Foreign currency translation adjustments
(13,283
)
 
(97
)
 
(13,380
)
Changes in employee benefit related items
639

 
—

 
639

Comprehensive income
411,973

 
4,782

 
416,755

 
 
 
 
 
 
Distributions to General Partner and unitholders
(461,956
)
 
—

 
(461,956
)
Distributions from non-controlling interests
—

 
(10,159
)
 
(10,159
)
Purchases of AB Units
(802
)
 
—

 
(802
)
Compensation-related transactions
(78,489
)
 
—

 
(78,489
)
Other
2,314

 
—

 
2,314

Balance as of September 30, 2015
$
3,958,505

 
$
25,019

 
$
3,983,524


Changes in capital during the nine-month period ended September 30, 2014 were as follows:

 
Partners’ Capital Attributable to AB Unitholders
 
Non-Controlling Interests In Consolidated Entities
 
Total Capital
 
(in thousands)
 
 
 
 
 
 
Balance as of December 31, 2013
$
4,027,486

 
$
42,240

 
$
4,069,726

Comprehensive income:
 

 
 

 
 

Net income
392,958

 
(2,690
)
 
390,268

Other comprehensive income, net of tax:
 

 
 

 
 

Unrealized gains on investments
644

 
—

 
644

Foreign currency translation adjustments
(8,932
)
 
(50
)
 
(8,982
)
Changes in employee benefit related items
(2,429
)
 
—

 
(2,429
)
Comprehensive income
382,241

 
(2,740
)
 
379,501

 
 
 
 
 
 
Distributions to General Partner and unitholders
(433,917
)
 
—

 
(433,917
)
Distributions to non-controlling interests
—

 
(11,375
)
 
(11,375
)
Purchases of AB Units
(1,375
)
 
—

 
(1,375
)
Compensation-related transactions
23,269

 
—

 
23,269

Other
(129
)
 
—

 
(129
)
Balance as of September 30, 2014
$
3,997,575

 
$
28,125

 
$
4,025,700



Deferred taxes are not recognized on foreign currency translation adjustments for foreign subsidiaries, which have earnings that are considered permanently invested outside the United States.