We account for the non-controlling interest in H.B. Fuller Kimya Sanayi Ticaret A.S. (HBF Kimya) as a redeemable non-controlling interest because both the non-controlling shareholder and H.B. Fuller have an option, exercisable beginning August 1, 2018, to require the redemption of the shares owned by the non-controlling shareholder at a price determined by a formula based on 24 months trailing EBITDA. Since the option makes the redemption of the non-controlling ownership shares of HBF Kimya outside of our control, these shares are classified as a redeemable non-controlling interest in temporary equity in the Consolidated Balance Sheets. The option is subject to a minimum price of €3,500. The redemption value of the option, if it were currently redeemable, is estimated to be €3,500.

HBF Kimya's results of operations are consolidated in our financial statements. Both the non-controlling interest and the accretion adjustment to redemption value are included in income or loss attributable to non-controlling interests in the Consolidated Statements of Income and in the carrying value of the redeemable non-controlling interest on the Consolidated Balance Sheets. HBF Kimya's functional currency is the Turkish lira and changes in exchange rates will affect the reported amount of the redeemable non-controlling interest. As of December 1, 2012 the redeemable non-controlling interest was:

	Balance of Redeemable Non-controlling Interest at December 3, 2011	$	3,887
	Net Income (loss) attributed to Redeemable Non-controlling Interest		208
	Accretion adjustment to redemption value		1
	Foreign currency translation adjustment		(115)
	Balance of Redeemable Non-controlling Interest at December 1, 2012	$	3,981


As of December 3, 2011 the redeemable non-controlling interest was:

	Initial measurement of Redeemable Non-controlling Interest	$	4,199
	Net Income (loss) attributed to Redeemable Non-controlling Interest		16
	Accretion adjustment to redemption value		26
	Foreign currency translation adjustment		(354)
	Balance of Redeemable Non-controlling Interest at December 3, 2011	$	3,887