Quarterly report pursuant to Section 13 or 15(d)

Redeemable Noncontrolling Interests and Equity

v3.10.0.1
Redeemable Noncontrolling Interests and Equity
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Redeemable Noncontrolling Interests and Equity
Redeemable Noncontrolling Interests and Equity
As of September 30, 2018, the changes in redeemable noncontrolling interests, total stockholders’ equity and noncontrolling interests were as follows (in thousands):
 
 
Redeemable Noncontrolling Interests
 
Total Stockholders' Equity
 
Noncontrolling Interests
 
Total Equity
Balance — December 31, 2017
 
$
123,801

 
$
881,582

 
$
358,934

 
$
1,240,516

Exercise of stock options
 

 
13,860

 

 
13,860

Issuance of restricted stock units, net of tax withholdings
 

 
(7,910
)
 

 
(7,910
)
Shares issued in connection with the Employee Stock Purchase Plan
 

 
1,755

 

 
1,755

Stock based compensation
 

 
21,991

 

 
21,991

Contributions from noncontrolling interests and redeemable noncontrolling interests
 
60,683

 

 
187,021

 
187,021

Distributions to noncontrolling interests and redeemable noncontrolling interests
 
(8,168
)
 

 
(44,362
)
 
(44,362
)
Net income (loss)
 
(58,848
)
 
32,545

 
(184,368
)
 
(151,823
)
Other comprehensive loss, net of taxes
 

 
22,969

 

 
22,969

Balance — September 30, 2018
 
$
117,468

 
$
966,792

 
$
317,225

 
$
1,284,017


The carrying value of redeemable noncontrolling interests was greater than the redemption value except for five Funds at September 30, 2018 and December 31, 2017 where the carrying value has been adjusted to the redemption value.
As of September 30, 2017, the changes in redeemable noncontrolling interests, total stockholders’ equity and noncontrolling interests were as follows (in thousands):
 
 
Redeemable Noncontrolling Interests
 
Total Stockholders' Equity
 
Noncontrolling Interests
 
Total Equity
Balance — December 31, 2016
 
$
140,996

 
$
742,771

 
$
252,957

 
$
995,728

Cumulative effect of adoption of ASU 2016-16 and ASU 2016-09
 

 
2,996

 

 
2,996

Exercise of stock options
 

 
1,573

 

 
1,573

Issuance of restricted stock units, net of tax withholdings
 

 
(2,925
)
 

 
(2,925
)
Shares issued in connection with the Employee Stock Purchase Plan
 

 
1,145

 

 
1,145

Stock based compensation
 

 
16,530

 

 
16,530

Contributions from noncontrolling interests and redeemable noncontrolling interests
 
105,167

 

 
368,902

 
368,902

Distributions to noncontrolling interests and redeemable noncontrolling interests
 
(11,794
)
 

 
(31,098
)
 
(31,098
)
Net income (loss)
 
(57,942
)
 
56,235

 
(229,873
)
 
(173,638
)
Other comprehensive loss, net of taxes
 

 
(3,974
)
 

 
(3,974
)
Balance — September 30, 2017
 
$
176,427

 
$
814,351

 
$
360,888

 
$
1,175,239