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Changes in Capital
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Changes in Capital
Changes in Capital

Changes in capital during the nine-month period ended September 30, 2018 were as follows: 

 
Partners’ Capital Attributable to AB Unitholders
 
Non-Redeemable Non-Controlling Interests In Consolidated Entities
 
Total Capital
 
(in thousands)
Balance as of December 31, 2017
$
4,061,740

 
$
1,564

 
$
4,063,304

Comprehensive income:
 

 
 

 
 

Net income
569,535

 
150

 
569,685

Other comprehensive income, net of tax:
 

 
 

 
 

Foreign currency translation adjustments
(14,760
)
 
(29
)
 
(14,789
)
Changes in employee benefit related items
749

 
—

 
749

Other
374

 
—

 
374

Comprehensive income
555,898

 
121

 
556,019

 
 
 
 
 
 
Distributions to General Partner and unitholders
(652,991
)
 
—

 
(652,991
)
Compensation-related transactions
(58,857
)
 
—

 
(58,857
)
Capital contributions to affiliates
(1,344
)
 
—

 
(1,344
)
Impact of adoption of revenue recognition standard ASC 606 and ASU 2016-01
34,577

 
—

 
34,577

Other
1,044

 
—

 
1,044

Balance as of September 30, 2018
$
3,940,067

 
$
1,685

 
$
3,941,752





Changes in capital during the nine-month period ended September 30, 2017 were as follows:

 
Partners’ Capital Attributable to AB Unitholders
 
Non-redeemable 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
415,994

 
9,680

 
425,674

Other comprehensive income, net of tax:
 

 
 

 
 

Unrealized gains on investments
9

 
—

 
9

Foreign currency translation adjustments
23,114

 
977

 
24,091

Changes in employee benefit related items
755

 
—

 
755

Comprehensive income
439,872

 
10,657

 
450,529

 
 
 
 
 
 
Distributions to General Partner and unitholders
(489,049
)
 
—

 
(489,049
)
Compensation-related transactions
(89,567
)
 
—

 
(89,567
)
Capital contributions from affiliates
79

 
—

 
79

Purchase of non-controlling interest
172

 
(2,005
)
 
(1,833
)
Distributions to non-controlling interests of our consolidated venture capital fund
—

 
(43,217
)
 
(43,217
)
Other
1,257

 
—

 
1,257

Balance as of September 30, 2017
$
3,894,781

 
$
1,607

 
$
3,896,388