Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.5.0.2
Stockholders' Equity
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Stockholders' Equity

(3)

STOCKHOLDERS’ EQUITY

During the three months ended June 30, 2016, 682,408 shares of Class B common stock were converted into shares of Class A common stock. During the three months ended June 30, 2015, 2,456,730 shares of Class B common stock were converted into shares of Class A common stock. During the six months ended June 30, 2016, 1,733,270 shares of Class B common stock were converted into shares of Class A common stock. During the six months ended June 30, 2015, 3,223,296 shares of Class B common stock were converted into shares of Class A common stock.

The following table reconciles equity attributable to noncontrolling interests (in thousands):

 

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

Non-controlling interests, beginning of period

 

$

48,178

 

 

$

58,858

 

Net earnings attributable to non-controlling

   interests

 

 

21,929

 

 

 

12,861

 

Foreign currency translation adjustment

 

 

(603

)

 

 

(209

)

Capital contributions from non-controlling

   interests

 

 

2,905

 

 

 

485

 

Capital distributions to non-controlling

   interests

 

 

(5,199

)

 

 

(2,350

)

Non-controlling interests, end of period

 

$

67,210

 

 

$

69,645