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Noncontrolling Interests, Partnerships and Joint Ventures
12 Months Ended
Dec. 31, 2020
Noncontrolling Interests, Partnerships and Joint Ventures  
Noncontrolling Interests, Partnerships and Joint Ventures

6.

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)

    

SFOT

    

SFOG

    

Total

Balance at December 31, 2018

$

243,756

$

281,515

$

525,271

Fresh start accounting fair market value adjustment for purchased units

(45)

(45)

Purchases of redeemable units

(217)

(217)

Change in redemption value of partnership units

3,250

999

4,249

Net income attributable to noncontrolling interests

20,452

20,301

40,753

Distributions to noncontrolling interests

(20,452)

(20,301)

(40,753)

Balance at December 31, 2019

246,744

282,514

529,258

Fresh start accounting fair market value adjustment for purchased units

(720)

(204)

(924)

Purchases of redeemable units

(3,440)

(1,536)

(4,976)

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

(20,634)

(20,654)

(41,288)

Balance at December 31, 2020

$

242,595

$

280,781

$

523,376

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. As of December 31, 2020, the redemption value of the noncontrolling partnership units in SFOT and SFOG equaled the carrying values.