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Noncontrolling Interest
3 Months Ended
Mar. 31, 2017
Noncontrolling Interest [Abstract]  
Noncontrolling Interest

9. Noncontrolling Interest

 

The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity:

 

   Three months ended
March 31,
(in thousands)  2017  2016
Net income/(loss) of ASC  $1,601   ($1,609)
Less: Return attributable to the Company’s preferred holding  254   238 
Net income/(loss) of ASC available for common ownership  $1,347   ($1,847)
Ownership percentage of noncontrolling shareholder  10%  10%
Net income/(loss) attributable to noncontrolling interest  $135   ($185)
         
Noncontrolling interest, beginning of year  $3,767   $3,690 
Net (loss)/income attributable to noncontrolling interest  135   (185)
Changes in other comprehensive income attributable to noncontrolling interest  5   (3)
Noncontrolling interest  $3,907   $3,502