Noncontrolling Interests

9 Months Ended

Feb. 28, 2014

NONCONTROLLING INTERESTS

The following table details the components of redeemable noncontrolling interest for the nine months ended February 28, 2013:



	Nine Months Ended
	February 28, 2013
	(in thousands)
Beginning balance	$	144,422
Net income attributable to redeemable noncontrolling interest	1,814
Foreign currency translation adjustment	573
Decrease in the maximum redemption amount of redeemable noncontrolling interest	(817		)
Derecognition of redeemable noncontrolling interest	(145,992		)
Ending balance	$	—

For the nine months ended February 28, 2014 and February 28, 2013, net income included in the consolidated statements of changes in equity is reconciled to net income presented in the consolidated statements of income as follows:



	Nine Months Ended
	February 28, 2014		February 28, 2013
	(in thousands)
Net income attributable to Global Payments	$	193,661	$	175,320
Net income attributable to nonredeemable noncontrolling interests	18,025		15,213
Subtotal per statement of changes in equity	211,686		190,533
Net income attributable to redeemable noncontrolling interest	—		1,814
Net income	$	211,686	$	192,347

The following table is the reconciliation of net income attributable to noncontrolling interests to comprehensive income attributable to noncontrolling interests for the three and nine months ended February 28, 2014 and February 28, 2013:



	Three Months Ended
	February 28, 2014		February 28, 2013
	(in thousands)
Net income attributable to noncontrolling interests, net of tax	$	5,000	$	4,352
Foreign currency translation attributable to nonredeemable noncontrolling interests	2,181		878
Comprehensive income attributable to noncontrolling interests, net of tax	$	7,181	$	5,230



	Nine Months Ended
	February 28, 2014		February 28, 2013
	(in thousands)
Net income attributable to noncontrolling interests, net of tax	$	18,025	$	17,027
Foreign currency translation attributable to nonredeemable noncontrolling interests	8,798		7,857
Foreign currency translation attributable to redeemable noncontrolling interest	—		573
Comprehensive income attributable to noncontrolling interests, net of tax	$	26,823	$	25,457

- 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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