Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.8.0.1
Stockholders' Equity
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Stockholders' Equity

(4)

STOCKHOLDERS’ EQUITY

During the three months ended March 31, 2018, 381,876 shares of Class B common stock were converted into shares of Class A common stock. During the three months ended March 31, 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):

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Non-controlling interests, beginning of period

 

$

119,147

 

 

$

81,881

 

Net earnings

 

 

19,606

 

 

 

12,640

 

Foreign currency translation adjustment

 

 

2,839

 

 

 

1,683

 

Capital contributions

 

 

 

 

 

46

 

Capital distributions

 

 

(4,437

)

 

 

(892

)

Non-controlling interests, end of period

 

$

137,155

 

 

$

95,358