Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.10.0.1
Stockholders' Equity
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Stockholders' Equity

(5)

STOCKHOLDERS’ EQUITY

During the three months ended June 30, 2018, no shares of Class B Common stock were converted into shares of Class A common stock. During the six months ended June 30, 2018, 381,876 shares of Class B common stock were converted into shares of Class A common stock. 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.

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

 

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

Non-controlling interests, beginning of period

 

$

119,147

 

 

$

81,881

 

Net earnings

 

 

35,181

 

 

 

26,505

 

Foreign currency translation adjustment

 

 

(4,284

)

 

 

2,482

 

Capital contributions

 

 

—

 

 

 

46

 

Capital distributions

 

 

(7,666

)

 

 

(6,753

)

Non-controlling interests, end of period

 

$

142,378

 

 

$

104,161