Redeemable Non-Controlling Interests

9 Months Ended

Sep. 30, 2024

The Company’s redeemable non-controlling interests are comprised of membership interests held by equity holders other than the Company in five less than wholly-owned subsidiaries. These interests are subject to redemption rights. The changes in redeemable non-controlling interests are as follows:


	2024		2023
	(in thousands)
Balance as of January 1	$	16,477	$	16,772
Net income attributable to redeemable non-controlling interests	1,053		914

Distributions to and purchases of redeemable non-controlling interests	(1,174)		(1,656)
Redemption value adjustment on redeemable non-controlling interests	1,901		436

Balance as of March 31	$	18,257	$	16,466
Net income attributable to redeemable non-controlling interests	1,078		993

Distributions to and purchases of redeemable non-controlling interests	(793)		(610)
Redemption value adjustment on redeemable non-controlling interests	(132)		3

Balance as of June 30	$	18,410	$	16,852
Net income attributable to redeemable non-controlling interests	1,109		1,020

Distributions to and purchases of redeemable non-controlling interests	(1,397)		(1,073)
Redemption value adjustment on redeemable non-controlling interests	—		188

Balance as of September 30	$	18,122	$	16,987