Noncontrolling Interest

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



	Nine Months Ended September 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)	(16,630		)	(2,073		)	(18,703		)
Stock based compensation	9,115			—			9,115
Exercise of options and warrants	490			—			490
Employee stock purchase plan	2,299			—			2,299
Cumulative translation adjustment	375			307			682
Purchase of shares for treasury	(864		)	—			(864		)
Investments by noncontrolling interests	—			3,443			3,443
Return of equity to noncontrolling interest	—			(959		)	(959		)
Balance at September 30, 2017	254,310			4,790			259,100

Comprehensive loss:
Net loss	(16,630		)	(2,073		)	(18,703		)
Other comprehensive income (loss):
Foreign currency translation adjustment	375			307			682
Comprehensive income (loss):	$	(16,255	)	$	(1,766	)	$	(18,021	)


	Nine Months Ended September 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)	(47,102		)	(1,920		)	(49,022		)
Stock based compensation	11,399			—			11,399
Exercise of options and warrants	168			—			168
Employee stock purchase plan	3,996			—			3,996
Cumulative translation adjustment	216			177			393
Purchase of shares for treasury	(576		)	—			(576		)
Balance at September 30, 2016	290,914			4,866			295,780

Comprehensive loss:
Net loss	(47,102		)	(1,920		)	(49,022		)
Other comprehensive income (loss):
Foreign currency translation adjustment	216			177			393
Comprehensive income (loss):	$	(46,886	)	$	(1,743	)	$	(48,629	)

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.