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Noncontrolling Interest
9 Months Ended
Sep. 30, 2011
Noncontrolling Interest 
Noncontrolling Interest

Note 12.           Noncontrolling Interest

 

As of September 30, 2011, ResCare held a 66.7% interest in Rest Assured LLC, a limited liability company comprised of public and private organizations providing remote monitoring services for persons with disabilities and the elderly. ASC 810, Noncontrolling Interests in Consolidated Financial Statements, (ASC 810) clarifies that noncontrolling interest be reported as a component separate from the parent’s equity and that changes in the parent’s ownership interest in a subsidiary be recorded as equity transactions if the parent retains its controlling interest in the subsidiary. The statement also requires consolidated net income to include amounts attributable to both the parent and the noncontrolling interest on the face of the income statement. In addition, ASC 810 requires a parent to recognize a gain or loss in net income on the date the parent deconsolidates a subsidiary, or ceases to have a controlling financial interest in a subsidiary. Balances are as follows:

 

Noncontrolling interest as of December 31, 2010

 

$

182

 

Net loss-noncontrolling interest

 

(125

)

Noncontrolling interest as of September 30, 2011

 

$

57