Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
 6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Stockholders' Equity

(8) STOCKHOLDERS’ EQUITY

During the three months ended June 30, 2014, 289,480 shares of Class B common stock were converted into shares of Class A common stock. During the six months ended June 30, 2014, 299,776 shares of Class B common stock were converted into shares of Class A common stock. During the three months ended June 30, 2013, no shares of Class B common stock were converted into shares of Class A common stock. During the six months ended June 30, 2013, 16,236 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,  
     2014     2013  

Non-controlling interests, beginning of period

    $ 49,598      $ 43,120   

Net earnings attributable to non-controlling interests

      5,494        2,660   

Foreign currency translation adjustment

      25        (9 ) 

Capital contribution by non-controlling interests

      83        3,152   

Capital distribution to non-controlling interests

      (1,975 )      (1,675 ) 
  

 

 

    

 

 

  

Non-controlling interests, end of period

    $ 53,225      $ 47,248