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Changes in Capital
 3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Changes in Capital
Changes in Capital

Changes in capital during the three-month period ended March 31, 2017 were as follows: 

 
Partners’ Capital Attributable to AB Unitholders
 
Non-Controlling Interests In Consolidated Entities
 
Total Capital
 
(in thousands)
 
 
 
 
 
 
Balance as of December 31, 2016
$
4,032,017

 
$
36,172

 
$
4,068,189

Comprehensive income:
 

 
 

 
 

Net income
139,937

 
1,632

 
141,569

Other comprehensive income, net of tax:
 

 
 

 
 

Unrealized (losses) on investments
(18
)
 
—

 
(18
)
Foreign currency translation adjustments
8,791

 
76

 
8,867

Changes in employee benefit related items
189

 
—

 
189

Comprehensive income
148,899

 
1,708

 
150,607

 
 
 
 
 
 
Distributions to General Partner and unitholders
(198,040
)
 
—

 
(198,040
)
Compensation-related transactions
(18,673
)
 
—

 
(18,673
)
Capital contributions to affiliates
(81
)
 
—

 
(81
)
Distributions to non-controlling interests of our consolidated venture capital fund
—

 
(3,137
)
 
(3,137
)
Balance as of March 31, 2017
$
3,964,122

 
$
34,743

 
$
3,998,865



Changes in capital during the three-month period ended March 31, 2016 were as follows:

 
Partners’ Capital Attributable to AB Unitholders
 
Non-Controlling Interests In Consolidated Entities
 
Total Capital
 
(in thousands)
 
 
 
 
 
 
Balance as of December 31, 2015
$
3,992,748

 
$
24,473

 
$
4,017,221

Comprehensive income:
 

 
 

 
 

Net income (loss)
166,284

 
(6,902
)
 
159,382

Other comprehensive income, net of tax:
 

 
 

 
 

Unrealized (losses) on investments
(6
)
 
—

 
(6
)
Foreign currency translation adjustments
5,174

 
51

 
5,225

Changes in employee benefit related items
(433
)
 
—

 
(433
)
Comprehensive income
171,019

 
(6,851
)
 
164,168

 
 
 
 
 
 
Distributions to General Partner and unitholders
(153,433
)
 
—

 
(153,433
)
Compensation-related transactions
(37,353
)
 
—

 
(37,353
)
Capital contributions from affiliates
6,348

 
—

 
6,348

Other
(1
)
 
—

 
(1
)
Balance as of March 31, 2016
$
3,979,328

 
$
17,622

 
$
3,996,950



We decreased our March 31, 2016 partners' capital attributable to AB Unitholders and total capital reported in prior periods by $40.3 million as a result of a financial statement revision in the third quarter of 2016. Please see Note 1 for further discussion.

During 2016, deferred taxes were not recognized on foreign currency translation adjustments for foreign subsidiaries, which had earnings that were considered permanently invested outside the United States.