Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.10.0.1
Stockholders' Equity
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Stockholders' Equity

(5)

STOCKHOLDERS’ EQUITY

During the three months ended September 30, 2018, no shares of Class B Common stock were converted into shares of Class A common stock. During the nine months ended September 30, 2018, 381,876 shares of Class B common stock were converted into shares of Class A common stock. During the three and nine months ended September 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):

 

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

Non-controlling interests, beginning of period

 

$

119,147

 

 

$

81,881

 

Net earnings

 

 

50,504

 

 

 

41,025

 

Foreign currency translation adjustment

 

 

(8,120

)

 

 

3,288

 

Capital contributions

 

 

—

 

 

 

46

 

Capital distributions

 

 

(18,663

)

 

 

(9,347

)

Non-controlling interests, end of period

 

$

142,868

 

 

$

116,893