Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.5.0.2
Stockholders' Equity
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Stockholders' Equity

(3)

STOCKHOLDERS’ EQUITY

During the three months ended September 30, 2016, no shares of Class B common stock were converted into shares of Class A common stock. During the nine months ended September 30, 2016, 1,733,270 shares of Class B common stock were converted into shares of Class A common stock. During the three and nine months ended September 30, 2015, 1,908,000 and 5,131,296 shares of Class B common stock, respectively, were converted into shares of Class A common stock.

The following table reconciles equity attributable to noncontrolling interests (in thousands):

 

 

 

Nine Months Ended September 30,

 

 

 

2016

 

 

2015

 

Non-controlling interests, beginning of period

 

$

48,178

 

 

$

58,858

 

Net earnings attributable to non-controlling

   interests

 

 

33,361

 

 

 

20,093

 

Foreign currency translation adjustment

 

 

(812

)

 

 

(2,323

)

Capital contributions from non-controlling

   interests

 

 

5,707

 

 

 

485

 

Capital distributions to non-controlling

   interests

 

 

(7,945

)

 

 

(37,090

)

Non-controlling interests, end of period

 

$

78,489

 

 

$

40,023