Reconciliation of total equity

6 Months Ended

Jun. 30, 2013

Reconciliation of total equity

Reconciliation of total equity

5. Reconciliation of total equity

The condensed consolidated financial statements include the accounts of the Company and its majority owned subsidiaries in which it has a controlling financial interest.  Noncontrolling interests-nonredeemable principally represent minority shareholders’ proportionate share of the equity of certain consolidated majority owned entities of the Company. The Company has certain arrangements whereby the noncontrolling interest may be redeemed upon the occurrence of certain events outside of the Company’s control. These noncontrolling interests have been classified outside of permanent equity on the Company’s consolidated balance sheets. The noncontrolling interests are not redeemable at June 30, 2013 and December 31, 2012 and the contingent events upon which the noncontrolling interest may be redeemed are not probable of occurrence at June 30, 2013. Accordingly, the noncontrolling interests are measured at their carrying value at June 30, 2013 and December 31, 2012.

The following table presents changes in total equity for the respective periods (in thousands):

	Radiation Therapy Services Holdings, Inc. Shareholder’s Equity			Noncontrolling interests - nonredeemable			Total Equity			Noncontrolling interests - redeemable
Balance, December 31, 2012	$	2,420		$	16,047		$	18,467		$	11,368
Net (loss) income	(39,880		)	1,009			(38,871		)	9
Other comprehensive loss from foreign currency translation	(5,062		)	(510		)	(5,572		)	(17		)
Proceeds from noncontrolling interest holders	—			—			—			765
Stock-based compensation	345			—			345			—
Noncash contribution of capital by noncontrolling interest holders	—			—			—			4,235
Cash distributions	—			(640		)	(640		)	(10		)
Balance, June 30, 2013	$	(42,177	)	$	15,906		$	(26,271	)	$	16,350
Balance, December 31, 2011	$	159,873		$	17,421		$	177,294		$	12,728
Net (loss) income	(29,753		)	1,821			(27,932		)	568
Other comprehensive loss from unrealized gain on interest rate swap agreements	(333		)	—			(333		)	—
Other comprehensive loss from foreign currency translation	(2,711		)	(239		)	(2,950		)	(70		)
Amortization of other comprehensive income for termination of interest rate swap agreement, net of tax	958			—			958			—
Stock-based compensation	3,012			—			3,012			—
Cash distributions	—			(1,585		)	(1,585		)	(433		)
Balance, June 30, 2012	$	131,046		$	17,418		$	148,464		$	12,793

Redeemable equity securities with redemption features that are not solely within the Company’s control are classified outside of permanent equity. Those securities are initially recorded at their estimated fair value on the date of issuance. Securities that are currently redeemable or redeemable after the passage of time are adjusted to their redemption value as changes occur. In the unlikely event that a redeemable equity security will require redemption, any subsequent adjustments to the initially recorded amount will be recognized in the period that a redemption becomes probable.