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Note 14 - Noncontrolling Interests - Redemption Value of the Redeemable Noncontrolling Interests (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Balance $ 23,682 $ 16,143  
Income 358 373  
Distributions (345) (355)  
Redemption of redeemable units [1] (5,752) 0  
Adjustment to estimated redemption value 0 [2] 7,521 [2] $ 0
Balance $ 17,943 $ 23,682 $ 16,143
[1] During 2019, the Company redeemed all 5,223,313 Class A Units for a total redemption price of $5.8 million.
[2] During the year ended December 31, 2018, the Company recorded an adjustment of $7.5 million to the estimated redemption fair market value of this noncontrolling interest in accordance with the provisions of the joint venture agreement and ASC 480 – Accounting for Redeemable Equity Instruments. The Company revalues the fair market value of this noncontrolling interest on a recurring basis and determined that its valuation was classified within Level 3 of the fair value hierarchy. The estimated fair market value of this noncontrolling interest was based upon a discounted cash flow model, for which a capitalization rate of 5.00% and discount rate of 6.00% were utilized in the model based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. No adjustment to fair value was required during the year ended December 31, 2019.