Noncontrolling Interest

The following tables summarize changes in equity, including the equity attributable to noncontrolling interests, for the six months ended June 30, 2017 and June 30, 2016 (in thousands):



	Six Months Ended June 30, 2017
	On Deck Capital, Inc.'s stockholders' equity			Noncontrolling interest			Total
Balance as of January 1, 2017	$	259,525		$	4,072		$	263,597
Net income (loss)	(12,556		)	(1,615		)	(14,171		)
Stock based compensation	6,134			—			6,134
Exercise of options and warrants	347			—			347
Employee stock purchase plan	1,618			—			1,618
Cumulative translation adjustment	240			196			436
Purchase of shares for treasury	(644		)	—			(644		)
Investments by noncontrolling interests	—			3,443			3,443
Return of equity to noncontrolling interest	—			(960		)	(960		)
Balance at June 30, 2017	254,664			5,136			259,800

Comprehensive loss:
Net loss	(12,556		)	(1,615		)	(14,171		)
Other comprehensive income (loss):
Foreign currency translation adjustment	240			196			436
Comprehensive income (loss):	$	(12,316	)	$	(1,419	)	$	(13,735	)


	Six Months Ended June 30, 2016
	On Deck Capital, Inc.'s stockholders' equity			Noncontrolling interest			Total
Balance as of January 1, 2016	$	322,813		$	6,609		$	329,422
Net income (loss)	(30,468		)	(1,381		)	(31,849		)
Stock based compensation	7,416			—			7,416
Exercise of options and warrants	—			—			—
Employee stock purchase plan	2,665			—			2,665
Cumulative translation adjustment	107			85			192
Other	(117		)	—			(117		)
Balance at June 30, 2016	302,416			5,313			307,729

Comprehensive loss:
Net loss	(30,468		)	(1,381		)	(31,849		)
Other comprehensive income (loss):
Foreign currency translation adjustment	107			85			192
Comprehensive income (loss):	$	(30,361	)	$	(1,296	)	$	(31,657	)

In the third quarter of 2015, we acquired a 67% interest in an entity with the remaining 33% owned by an unrelated third party strategic partner for the purpose of providing small business loans to customers of the third party. We consolidate the financial position and results of operations of that entity. On June 29, 2017, OnDeck purchased the loans owned by that entity for an immaterial amount. That entity made a liquidating distribution to us of approximately $2 million and to the unrelated third party of approximately $1 million representing our respective proportionate share of the equity in that entity. The loan sale and distribution effectively ended the operations of that entity. No material gain or loss was recorded.