NOTE 12—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, 2016	29,551	$	296	$	228,889	$	381,031	$	4,858	$	615,074
Walker & Dunlop net income	—		—		—		112,166		—		112,166
Net income from noncontrolling interests	—		—		—		—		114		114
Stock-based compensation - equity classified	—		—		14,948		—		—		14,948
Issuance of common stock in connection with equity compensation plans	1,077		10		2,877		—		—		2,887
Repurchase and retirement of common stock	(679)		(7)		(20,622)		(8,234)		—		(28,863)
Other	—		—		6		—		—		6
Balance at September 30, 2017	29,949	$	299	$	226,098	$	484,963	$	4,972	$	716,332

During the first quarter of 2017, the Company’s Board of Directors authorized the Company to repurchase up to $75.0 million of its common stock over a 12-month period. During 2017, the Company has repurchased 228 thousand shares of its common stock under the share repurchase program at a weighted average price of $47.07 per share and immediately retired the shares, reducing stockholders’ equity by $10.8 million. The Company had $64.2 million of authorized share repurchase capacity remaining as of September 30, 2017.