Redeemable Noncontrolling Interests and Equity

3 Months Ended

Mar. 31, 2018

Redeemable Noncontrolling Interests and Equity

As of March 31, 2018, the changes in redeemable noncontrolling interests, total stockholders’ equity and noncontrolling interests were as follows (in thousands):



	Redeemable Noncontrolling Interests			Total Stockholders' Equity			Noncontrolling Interests			Total Equity
Balance — December 31, 2017	$	123,801		$	881,582		$	358,934		$	1,240,516
Exercise of stock options	—			1,908			—			1,908
Issuance of restricted stock units, net of tax withholdings	—			(2,484		)	—			(2,484		)
Stock based compensation	—			10,703			—			10,703
Contributions from noncontrolling interests and redeemable noncontrolling interests	31,103			—			112,501			112,501
Distributions to noncontrolling interests and redeemable noncontrolling interests	(2,608		)	—			(14,206		)	(14,206		)
Net income (loss)	(18,772		)	28,032			(100,680		)	(72,648		)
Other comprehensive loss, net of taxes	—			14,938			—			14,938
Balance — March 31, 2018	$	133,524		$	934,679		$	356,549		$	1,291,228

The carrying value of redeemable noncontrolling interests was greater than the redemption value except for six Funds at March 31, 2018 and December 31, 2017 where the carrying value has been adjusted to the redemption value.

As of March 31, 2017, the changes in redeemable noncontrolling interests, total stockholders’ equity and noncontrolling interests were as follows (in thousands):



	Redeemable Noncontrolling Interests			Total Stockholders' Equity			Noncontrolling Interests			Total Equity
Balance — December 31, 2016	$	140,996		$	742,771		$	252,957		$	995,728
Cumulative effect of adoption of ASU 2016-16 and ASU 2016-09	—			2,996			—			2,996
Exercise of stock options	—			101			—			101
Issuance of restricted stock units, net of tax withholdings	—			(1,168		)	—			(1,168		)
Stock based compensation	—			5,887			—			5,887
Contributions from noncontrolling interests and redeemable noncontrolling interests	35,168			—			130,144			130,144
Distributions to noncontrolling interests and redeemable noncontrolling interests	(3,843		)	—			(9,547		)	(9,547		)
Net income (loss)	(28,857		)	9,882			(56,180		)	(46,298		)
Other comprehensive loss, net of taxes	—			(201		)	—			(201		)
Balance — March 31, 2017	$	143,464		$	760,268		$	317,374		$	1,077,642