Noncontrolling Interests

3 Months Ended

Aug. 31, 2011

NONCONTROLLING INTERESTS

The following table details the components of redeemable noncontrolling interests for the three months ended August 31, 2011 and 2010:



	Three Months Ended August 31,
	2011		2010
	(in thousands)
Beginning balance	$	133,858	$	102,672
Net income attributable to redeemable noncontrolling interest	2,605		2,367
Foreign currency translation adjustment	132		—
Increase in the maximum redemption amount of redeemable noncontrolling interest	1,842		115
Ending balance	$	138,437	$	105,154

For the three months ended August 31, 2011 and 2010, net income included in the consolidated statements of changes in shareholders’ equity is reconciled to net income presented in the consolidated statements of income as follows:



	Three Months Ended August 31,
	2011		2010
	(in thousands)
Net income attributable to Global Payments	$	63,974	$	49,368
Net income attributable to nonredeemable noncontrolling interest	5,502		2,059
Net income attributable to redeemable noncontrolling interest	2,605		2,367
Net income including noncontrolling interest	$	72,081	$	53,794

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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