Total Equity

6 Months Ended

Jun. 30, 2016

TOTAL EQUITY

Total Equity

NOTE 11—TOTAL EQUITY

A summary of changes in total equity is presented below:

		Stockholders' Equity
				Additional
	Common Stock			Paid-In		Retained		Noncontrolling		Total
(in thousands)	Shares	Amount		Capital		Earnings		Interests		Equity
Balance at December 31, 2015	29,466	$	295	$	215,575	$	272,030	$	4,449	$	492,349
Cumulative effect from change in accounting for stock compensation	—		—		135		(120)		—		15
Walker & Dunlop net income	—		—		—		47,479		—		47,479
Net income (loss) from noncontrolling interests	—		—		—		—		(35)		(35)
Stock-based compensation	—		—		7,073		—		—		7,073
Issuance of common stock in connection with equity compensation plans	415		4		3,287		—		—		3,291
Repurchase and retirement of common stock	(525)		(5)		(7,198)		(4,776)		—		(11,979)
Other	—		—		(54)		—		(5)		(59)
Balance at June 30, 2016	29,356	$	294	$	218,818	$	314,613	$	4,409	$	538,134

During the six months ended June 30,2016, the Company repurchased 0.4 million shares of its common stock under a previously announced share repurchase program at a weighted average price of $23.11 per share and immediately retired the shares, reducing stockholders’ equity by $9.2 million. The Company had $65.8 million of authorized share repurchase capacity remaining as of June 30, 2016.