Redeemable Noncontrolling Interest

12 Months Ended

Dec. 31, 2015

In connection with the acquisition of New Video, the terms of the agreement provide BBCWA with a right to put all of its 50.1% noncontrolling interest to the Company at the greater of the then fair value or the fair value of the initial equity interest at inception. The put option is exercisable on the fifteenth and twenty-fifth year anniversary of the Joint Venture agreement.

In connection with the creation of another joint venture entity in 2013, the terms of the agreement provide the noncontrolling member with a right to put all of its interest to the Company at the then fair value.

Because exercise of these put rights is outside the Company's control, the noncontrolling interest in each entity is presented as redeemable noncontrolling interest outside of stockholders' deficiency on the Company's consolidated balance sheet. The activity reflected within redeemable noncontrolling interest for the year ended December 31, 2015 and 2014 is presented below.



	Redeemable Noncontrolling Interest
December 31, 2013	$	268
Acquired	200,000
Net earnings	4,331
Non-cash contributions	12
December 31, 2014	$	204,611
Net earnings	10,239
Distributions	(3,154		)
Other	(5		)
December 31, 2015	$	211,691