Non-controlling Interest

3 Months Ended

Mar. 31, 2019

Noncontrolling Interest

Ownership

Switch, Inc. owns an indirect minority economic interest in Switch, Ltd., where “economic interests” means the right to receive any distributions, whether cash, property or securities of Switch, Ltd., in connection with Common Units. Switch, Inc. presents interest held by noncontrolling interest holders within noncontrolling interest in the consolidated financial statements. The ownership of the Common Units is summarized as follows:



	March 31, 2019			December 31, 2018
	Units	Ownership %		Units	Ownership %
	(units in thousands)
Switch, Inc.’s ownership of Common Units⁽¹⁾	55,620	22.9	%	55,157	22.7	%
Noncontrolling interest holders’ ownership of Common Units⁽²⁾	187,640	77.1	%	187,440	77.3	%
Total Common Units	243,260	100.0	%	242,597	100.0	%

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(1)	Common Units held by Switch, Inc. as of March 31, 2019 and December 31, 2018 exclude 61,000 Common Units underlying unvested restricted stock awards.


(2)	Common Units held by noncontrolling interest holders as of March 31, 2019 exclude 3.8 million unvested Common Unit awards. Common Units held by noncontrolling interest holders as of December 31, 2018 exclude 4.0 million unvested Common Unit awards.

The Company uses the weighted average ownership percentages during the period to calculate the income before income taxes attributable to Switch, Inc. and the noncontrolling interest holders of Switch, Ltd.