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Redeemable Noncontrolling Interests
 3 Months Ended
Mar. 31, 2021
Noncontrolling Interest [Abstract]  
Redeemable Noncontrolling Interests Redeemable Noncontrolling Interests
The following table summarizes activity related to redeemable noncontrolling interest for the three months ended March 31, 2021.
(In thousands)Three Months Ended March 31, 2021
December 31, 2020$315,649 
Net earnings6,570 
Distributions(2,344)
Distribution related to spin-off transaction(8,040)
Transfer to noncontrolling interest(18,367)
March 31, 2021$293,468 
In connection with the spin-off of the live comedy venue and talent management businesses of Levity Entertainment Group, LLC (see Note 4), $8.0 million of redeemable noncontrolling interests was distributed to the noncontrolling partners. In addition, as part of the transaction, the preexisting put rights of the noncontrolling interest holders were terminated. Accordingly, the remaining $18.4 million of noncontrolling interests was transferred from Redeemable noncontrolling interests to Noncontrolling interests in the condensed consolidated balance sheet.