Noncontrolling Interest

The following tables summarize changes in equity, including the equity attributable to noncontrolling interests, for the nine months ended September 30, 2018 and 2017 (in thousands):



	Nine Months Ended September 30, 2018
	On Deck Capital, Inc's stockholders' equity			Noncontrolling interest			Total
Balance as of January 1, 2018	$	262,045		$	4,011		$	266,056
Net income (loss)	13,642			(1,807		)	11,835
Stock based compensation	8,573			—			8,573
Exercise of options and warrants	76			—			76
Employee Stock Purchase Plan	1,895			—			1,895
Cumulative translation adjustment	(448		)	(367		)	(815		)
Purchase of treasury shares	(801		)	—			(801		)
Investments by noncontrolling interests	—			3,403			3,403
Balance at September 30, 2018	284,982			5,240			290,222

Comprehensive loss:
Net income (loss)	13,642			(1,807		)	11,835
Other comprehensive income (loss):
Foreign currency translation adjustment	(448		)	(367		)	(815		)
Comprehensive income (loss):	$	13,194		$	(2,174	)	$	11,020


	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 treasury shares	(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 income (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	)

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.