Redeemable Noncontrolling Interest

6 Months Ended

Jun. 30, 2022

Note 17 -- Redeemable Noncontrolling Interest

The following table summarizes the activity of redeemable noncontrolling interest during the six months ended June 30, 2022 and 2021:


	2022			2021
Balance at January 1	$	89,955		$	—
Initial proceeds from Centerbridge		—			100,000
Increase (decrease):
Proceeds allocated to warrants*		—			(9,217	)
Issuance costs		—			(6,262	)
Issuance costs allocated to warrants*		—			577
Accrued cash dividends		1,342			458
Accretion - increasing dividend rates		906			336
Dividends paid		(2,508	)		—
Balance at March 31	$	89,695		$	85,892
Increase (decrease):
Accrued cash dividends		1,500			1,250
Accretion - increasing dividend rates		768			929
Balance at June 30	$	91,963		$	88,071

*Net decrease related to warrants of $8,640.

For the three months ended June 30, 2022 and 2021, net income attributable to redeemable noncontrolling interest was $2,268 and $2,179, respectively, consisting of accrued cash dividends of $1,500 and $1,250, respectively, and accretion related to increasing dividend rates of $768 and $929, respectively. For the six months ended June 30, 2022 and 2021, net income attributable to redeemable noncontrolling interest was $4,516 and $2,973, respectively, consisting of accrued cash dividends of $2,842 and $1,708, respectively, and accretion related to increasing dividend rates of $1,674 and $1,265, respectively.