Redeemable Noncontrolling Interests

9 Months Ended

Sep. 30, 2018

The following table summarizes activity related to redeemable noncontrolling interest for the nine months ended September 30, 2018.



(In thousands)	Nine Months Ended September 30, 2018
December 31, 2017	$	218,604
Acquired	30,573
Net earnings	12,692
Distributions	(9,333		)
September 30, 2018	$	252,536

The redeemable noncontrolling interest acquired relates to acquisition of Levity. The terms of the agreement provide the noncontrolling interest holders with a right to put 50% of their interests to the Company on the fourth anniversary of the agreement and a right to put all of their interests to the Company on the sixth anniversary of the agreement. The put rights are at fair market value.