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Acquisition of Noncontrolling Interest
6 Months Ended
Jun. 30, 2017
Noncontrolling Interest [Abstract]  
Acquisition of Noncontrolling Interest
10. Acquisition of Noncontrolling Interest
Partnership Public Unit Purchase Program
On April 17, 2017, the Company's Board of Directors authorized a program for the Company to purchase outstanding Partnership public units at any time and from time to time in the open market, through privately negotiated transactions, block transactions, or otherwise for a total aggregate cost to the Company not to exceed $50.0 million. During the second quarter of 2017, the Company purchased 1,460,404, or approximately 7 percent, of outstanding Partnership public units in the open market for a total cost of $24.6 million, which resulted in a decrease of $15.4 million in noncontrolling interest on the Consolidated Balance Sheets related to the Partnership's net book value acquired by the Company. The Company decreased its additional paid-in capital balance by $5.8 million on the Consolidated Balance Sheets for the consideration paid in excess of the net book value of the noncontrolling interest acquired, net of a deferred tax adjustment of $3.4 million.
The following table summarizes the effects of the changes in the Company's ownership interest in the Partnership on SunCoke's equity:
 
 
Three months ended
 
Six months ended
 
 
June 30, 2017
Net income attributable to SunCoke Energy, Inc.
 
$
(24.2
)
 
$
(23.2
)
Decrease in SunCoke Energy, Inc. equity for the purchase of additional interest in the Partnership
 
(5.8
)
 
(5.8
)
Change from net income attributable to SunCoke Energy, Inc. and transfers to noncontrolling interest
 
$
(30.0
)
 
$
(29.0
)

In July 2017, the Company's Board of Directors authorized the Company to purchase an additional $50.0 million of Partnership public units in the open market. Subsequent to June 30, 2017, the Company purchased an additional 131,274 of outstanding Partnership public units in the open market for a total cost of $2.3 million, leaving a remaining public unit purchase program balance of $73.1 million as of July 26, 2017.