Acquisition (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Parent Ownership Interest, Effects of Changes

The following table provides the effects of changes in ITIC's ownership interest in United, and the resulting impact on the Company's equity:



	June 30, 2014			December 31, 2013
Net income attributable to the Company	$	4,360,036		$	14,708,210
Transfers from the redeemable controlling interest:
Decrease in paid-in capital for purchase of redeemable noncontrolling interest	(114,320		)	—
Net transfers from noncontrolling interest	(114,320		)	—
Change from net income attributable to the Company and transfers from redeemable noncontrolling interest	$	4,245,716		$	14,708,210

Reconciliation Of Total Redeemable Equity

The following table provides a reconciliation of total redeemable equity for the periods ended June 30, 2014 and December 31, 2013:



Changes in carrying value during the period ended:	June 30, 2014			December 31, 2013
Beginning balance at January 1	$	545,489		$	493,861
Net income attributable to redeemable noncontrolling interest	23,523			88,528
Distributions to noncontrolling interest	(168,057		)	(36,900		)
Purchase of redeemable noncontrolling interest	(515,275		)	—
Additional paid-in capital for purchase of noncontrolling interest	114,320			—
Balance, net	$	—		$	545,489

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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