Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.7.0.1
Stockholders' Equity
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Stockholders' Equity

(3)

STOCKHOLDERS’ EQUITY

During the three and six months ended June 30, 2017, no shares of Class B common stock were converted into shares of Class A common stock. During the three and six months ended June 30, 2016, 682,408 and 1,733,270 shares of Class B common stock were converted into shares of Class A common stock, respectively.

The following table reconciles equity attributable to non-controlling interests (in thousands):

 

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

Non-controlling interests, beginning of period

 

$

81,881

 

 

$

48,178

 

Net earnings

 

 

26,505

 

 

 

21,929

 

Foreign currency translation adjustment

 

 

2,482

 

 

 

(603

)

Capital contributions

 

 

46

 

 

 

2,905

 

Capital distributions

 

 

(6,753

)

 

 

(5,199

)

Non-controlling interests, end of period

 

$

104,161

 

 

$

67,210