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Noncontrolling Interests, Partnership and Joint Ventures
 12 Months Ended
Dec. 31, 2015
Noncontrolling Interests, Partnership and Joint Ventures  
Noncontrolling Interests, Partnership and Joint Ventures
Noncontrolling Interests, Partnerships and Joint Ventures
Redeemable Noncontrolling Interests
Redeemable noncontrolling interests represent the non-affiliated parties' share of the assets of the Partnership Parks that are less than wholly-owned: SFOT, SFOG and 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 the Partnership Parks:
(Amounts in thousands)
 
Balance at December 31, 2013
$
437,569

Fresh start accounting fair market value adjustment for purchased units
(5
)
Purchases of redeemable units of SFOT
(19
)
Net income attributable to noncontrolling interests
38,012

Distributions to noncontrolling interests
(38,012
)
Balance at December 31, 2014
437,545

Fresh start accounting fair market value adjustment for purchased units
(272
)
Purchases of redeemable units of SFOT
(1,552
)
Net income attributable to noncontrolling interests
38,165

Distributions to noncontrolling interests
(38,165
)
Balance at December 31, 2015
$
435,721


See Note 15 for a description of the partnership arrangements applicable to the Partnership Parks, the accounts of which are included in the accompanying consolidated financial statements. The redemption value of the partnership units as of December 31, 2015 and 2014 was approximately $420.9 million and $393.6 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. For periods prior to the acquisition, the non-affiliated parties' share of the net income of HWP is recorded in net income attributable to noncontrolling interest in the accompanying consolidated statement of operations.
Other
During the third quarter of 2012, our interest in dick clark productions, inc. ("DCP") was sold to a third party. In connection with the sale, a portion of the proceeds remained in escrow pending the resolution of certain items. Due to the contingent nature of the amounts that remained in escrow, we did not record a receivable for the additional proceeds and these amounts were not included in our calculation of the gain we recognized upon the sale of DCP during 2012. During 2014, all of these items were favorably resolved and, as such, we received $10.0 million of additional proceeds and recognized the incremental gain on the sale of DCP.