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Redeemable Noncontrolling Interests
9 Months Ended
Sep. 30, 2020
Redeemable Noncontrolling Interests  
Redeemable Noncontrolling Interests

8.  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. As of September 30, 2020, redeemable noncontrolling interests of the SFOT and SFOG partnerships was $252.9 million and $291.1 million, respectively.

(Amounts in thousands)

    

SFOT

    

SFOG

    

Total

Balance at December 31, 2019

$

246,744

$

282,514

$

529,258

Purchase of redeemable units

 

(3,440)

 

(1,536)

 

(4,976)

Fresh start accounting fair market value adjustment for purchased units

(720)

(204)

(924)

Change in redemption value of partnership units

11

7

18

Net income attributable to noncontrolling interests

 

20,634

 

20,654

 

41,288

Distributions to noncontrolling interests

(10,317)

(10,327)

(20,644)

Balance at September 30, 2020

$

252,912

$

291,108

$

544,020

The redemption value of the noncontrolling partnership units in SFOT and SFOG as of September 30, 2020 was approximately $243.3 million and $281.0 million, respectively. See Note 6 for a description of the partnership arrangements applicable to the Partnership Parks, the accounts of which are included in the accompanying unaudited condensed consolidated financial statements.