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Redeemable Noncontrolling Interests and Equity
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Redeemable Noncontrolling Interests and Equity
Redeemable Noncontrolling Interests and Equity
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 — January 1, 2017
 
$
137,907

 
$
672,961

 
$
251,225

 
$
924,186

Exercise of stock options
 

 
529

 

 
529

Issuance of restricted stock units, net of tax withholdings
 

 
(2,099
)
 

 
(2,099
)
Shares issued in connection with the Employee Stock Purchase Plan
 

 
1,145

 

 
1,145

Stock based compensation
 

 
11,416

 

 
11,416

Contributions from noncontrolling interests and redeemable noncontrolling interests
 
75,169

 

 
231,123

 
231,123

Distributions to noncontrolling interests and redeemable noncontrolling interests
 
(7,666
)
 

 
(19,527
)
 
(19,527
)
Cumulative effect of adoption of new ASUs
 

 
2,996

 

 
2,996

Net income (loss)
 
(42,333
)
 
37,848

 
(133,842
)
 
(95,994
)
Other comprehensive loss, net of taxes
 

 
(3,569
)
 

 
(3,569
)
Balance — June 30, 2017
 
$
163,077

 
$
721,227

 
$
328,979

 
$
1,050,206


The carrying value of redeemable noncontrolling interests was greater than the redemption value except for six and four Funds at June 30, 2017 and December 31, 2016, respectively, where the carrying value has been adjusted to the redemption value.