Noncontrolling Interests

3 Months Ended

Jun. 30, 2017

Noncontrolling Interest [Abstract]

Noncontrolling Interest Disclosure [Text Block]

11. Noncontrolling Interests

Net income attributable to noncontrolling interests for the three months ended June 30, included the following amounts:

	Three Months Ended June 30,
	2017		2016
Net income attributable to redeemable noncontrolling interests	$	10,356	$	10,037
Net income attributable to nonredeemable noncontrolling interests	2,261		1,851
Total	$	12,617	$	11,888

Total redeemable and nonredeemable noncontrolling interests for the three months ended June 30, 2017 and 2016, included the following amounts:

	Redeemable noncontrolling interests
	Consolidated investment vehicles(1) and other		Affiliate
			Noncontrolling Interests			Management equity plans		Total			Nonredeemable noncontrolling interests(2)
Balance as of March 31, 2017	$	58,470	$	591,254		$	28,048	$	677,772		$	27,798
Net income attributable to noncontrolling interests	648		9,708			—		10,356			2,261
Net subscriptions (redemptions) and other	10,266		—			—		10,266			—
Distributions	—		(15,913		)	—		(15,913		)	(1,818		)
Foreign exchange	—		333			—		333			—
Vesting/change in estimated redemption value	—		613			776		1,389			—
Balance as of June 30, 2017	$	69,384	$	585,995		$	28,824	$	684,203		$	28,241

	Redeemable noncontrolling interests
	Consolidated investment vehicles(1) and other		Affiliate
			Noncontrolling Interests			Management equity plans		Total			Nonredeemable noncontrolling interests(2)
Balance as of March 31, 2016	$	94,136	$	68,922		$	12,727	$	175,785		$	22,202
Net income attributable to noncontrolling interests	2,480		7,557			—		10,037			1,851
Net subscriptions (redemptions) and other(3)	18,767		2,604			—		21,371			—
Distributions	—		(1,504		)	—		(1,504		)	(802		)
Grants (settlements), net	—		—			6,120		6,120			—
Business acquisition	—		508,500			—		508,500			—
Foreign exchange	—		(1,998		)	—		(1,998		)	—
Vesting/change in estimated redemption value	—		—			4,251		4,251			—
Balance as of June 30, 2016	$	115,383	$	584,081		$	23,098	$	722,562		$	23,251

(1) Principally related to VIE and seeded investment products.

(2) Related to Royce management equity plan.

(3) Includes the impact related to the adoption of updated consolidation accounting guidance.

Redeemable noncontrolling interests by affiliate (exclusive of management equity plans) for the three months ended June 30, 2017 and 2016, included the following amounts:

	Redeemable noncontrolling interests
	EnTrust-Permal			Clarion Partners			RARE Infrastructure			Other			Total
Balance as of March 31, 2017	$	404,852		$	113,173		$	68,747		$	4,482		$	591,254
Net income attributable to noncontrolling interests	4,595			3,233			1,823			57			9,708
Distributions	(5,884		)	(7,806		)	(2,098		)	(125		)	(15,913		)
Foreign exchange	—			—			333			—			333
Change in estimated redemption value	—			613			—			—			613
Balance as of June 30, 2017	$	403,563		$	109,213		$	68,805		$	4,414		$	585,995

	Redeemable noncontrolling interests
	EnTrust-Permal		Clarion Partners		RARE Infrastructure			Other			Total
Balance as of March 31, 2016	$	—	$	—	$	67,155		$	1,767		$	68,922
Net income attributable to noncontrolling interests	4,159		2,244		1,098			56			7,557
Subscriptions	—		—		—			2,604			2,604
Distributions	—		—		(1,317		)	(187		)	(1,504		)
Business acquisitions	403,200		105,300		—			—			508,500
Foreign exchange	—		—		(1,998		)	—			(1,998		)
Balance as of June 30, 2016	$	407,359	$	107,544	$	64,938		$	4,240		$	584,081