Noncontrolling Interest Of Common Units In SLP

3 Months Ended

Mar. 31, 2015

Noncontrolling Interest Of Common And Redeemable Preferred Units In SLP [Abstract]

Noncontrolling Interest Of Common And Redeemable Preferred Units In SLP

Noncontrolling Interest of Common Units in SLP

Noncontrolling interest in SLP represents the common units’ (“common units”) proportionate share of the equity in the operating partnership. The common units represent both the common operating units and the LTIP units. As of March 31, 2015 and 2014, the limited partners of SLP held 97,008 common operating units, representing approximately 0.1% of the partnership interest in SLP. In March 2015, the Company issued 5,263,152 of LTIP Units, which represent approximately 7.0% of the partnership interest in SLP.

Equity Reconciliation of Parent and Noncontrolling Interest

(dollars in thousands)


		Common
		Noncontrolling
		Interest
Balance at December 31, 2014	$	90
Common operating units		4
LTIP		277
Balance at March 31, 2015	$	371


(dollars in thousands)
	Series A preferred stock par value		Series C convertible stock par value		Common stock par value		Additional paid-in capital		Accumulated deficit		Net shareholders' equity		Noncontrolling interest in consolidated partnerships		Total equity
Balance at December 31, 2014	$	8	$	30	$	47	$	137,900	$	(118,983)	$	19,002	$	90	$	19,092
Stock-based compensation		0		0		0		49		0		49		0		49
Issuance of common stock		0		0		2		344		0		346		0		346
Net loss		0		0		0		0		3,169		3,169		281		3,450
Balance at March 31, 2015	$	8	$	30	$	49	$	138,293	$	(115,814)	$	22,566	$	371	$	22,937

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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