Noncontrolling Interests, Partnerships and Joint Ventures

Redeemable Noncontrolling Interests

Redeemable noncontrolling interests represents the non-affiliated parties' share of the assets of the three parks that are less than wholly-owned, including SFOT and SFOG (including Six Flags White Water Atlanta which is owned by the partnership that owns SFOG).

The following table presents a rollforward of redeemable noncontrolling interests in SFOT and SFOG:



(Amounts in thousands)
Balance at December 31, 2011	$	440,427
Fresh start accounting fair market value adjustment for purchased units	(453		)
Purchases of redeemable units of SFOT and SFOG	(2,033		)
Net income attributable to noncontrolling interests	36,840
Distributions to noncontrolling interests	(36,840		)
Balance at December 31, 2012	437,941
Fresh start accounting fair market value adjustment for purchased units	(84		)
Purchases of redeemable units of SFOT	(288		)
Net income attributable to noncontrolling interests	37,452
Distributions to noncontrolling interests	(37,452		)
Balance at December 31, 2013	$	437,569

See Note 15 for a description of the partnership arrangements applicable to SFOT and SFOG. The redemption value of the partnership units as of December 31, 2013 and 2012 was approximately $372.5 million and $348.2 million, respectively.

Noncontrolling Interests

Noncontrolling interests represent the non-affiliated parties' share of the assets of HWP. On September 30, 2013, we acquired the minority equity interests held by non-affiliated parties in HWP, with the exception of a nominal amount retained by a non-affiliated party that we subsequently acquired on December 31, 2013. As of December 31, 2013, HWP was a wholly owned subsidiary. As of December 31, 2012, our ownership interest in the HWP joint venture was approximately 49.0%. The following table presents a rollforward of noncontrolling interests in HWP:



(Amounts in thousands)
Balance at December 31, 2011	$	3,670
Net income attributable to noncontrolling interests	264
Balance at December 31, 2012	3,934
Net income attributable to noncontrolling interests	869
Purchase of ownership interests	(4,693		)
Fresh start accounting fair market value adjustment for purchased ownership interests	(110		)
Balance at December 31, 2013	$	—

Other

During the third quarter of 2012, the venture (of which we held a 39.2% interest) that owned dick clark productions, inc. ("DCP") sold DCP to a third party. We received approximately $70.0 million for our portion of the proceeds from the sale on October 1, 2012 and we received an additional $0.3 million in January 2013 related to the sale of another small investment that was owned by the venture. In connection with the sale, our license to use properties from the DCP library in our parks was terminated. During the year ended December 31, 2012, we recorded a gain of approximately $67.3 million after recovering our $2.5 million investment and $0.5 million related to the license that allowed us to air DCP shows at our parks. A portion of the sale proceeds are being held in escrow pending resolution of certain items related to the sale. If all of these items result in favorable outcomes, we would receive up to $10 million of additional proceeds from the sale. We have not recorded a receivable for any of these additional amounts due to their contingent nature.