Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.7.0.1
Stockholders' Equity
 3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Stockholders' Equity

(3)

STOCKHOLDERS’ EQUITY

During the three months ended March 31, 2017, no shares of Class B common stock were converted into shares of Class A common stock. During the three months ended March 31, 2016, 1,050,862 shares of Class B common stock, were converted into shares of Class A common stock.

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

 

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Non-controlling interests, beginning of period

 

$

81,881

 

 

$

48,178

 

Net earnings

 

 

12,640

 

 

 

12,027

 

Foreign currency translation adjustment

 

 

1,683

 

 

 

945

 

Capital contributions

 

 

46

 

 

 

2,905

 

Capital distributions

 

 

(892

)

 

 

(3,988

)

Non-controlling interests, end of period

 

$

95,358

 

 

$

60,067