NONCONTROLLING INTEREST

9 Months Ended

Sep. 30, 2014

(11) NONCONTROLLING INTEREST

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

		Nine Months Ended September 30,
		2014		2013
Noncontrolling interest, January 1		$	8,081	$	12,978
Net income attributable to noncontrolling interest			3,379		2,290
Dividends distributed to noncontrolling interest			(3,150)		(3,148)
Deconsolidation of a subsidiary			-		(121)
Purchase of remaining interest in subsidiary			-		(4,140)
Foreign currency translation adjustments			(167)		(104)
Equity-based compensation expense			12		25
	Noncontrolling interest, September 30	$	8,155	$	7,780

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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