XML 46 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Noncontrolling Interests Rollforward (Tables)
 3 Months Ended
Jun. 30, 2020
Noncontrolling Interest [Line Items]  
Net Income (Loss) Attributable to Noncontrolling Interests [Table Text Block]
 
 
Three months ended June 30,
 
 
2020
 
2019
Net income attributable to redeemable noncontrolling interests
 
$
4,865

 
$
13,356

Net income attributable to nonredeemable noncontrolling interests
 
787

 
2,863

Total
 
$
5,652

 
$
16,219
Redeemable Noncontrolling Interest [Table Text Block] redeemable and nonredeemable noncontrolling interests:
 
 
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, 2020
 
$
117,140

 
$
525,422

 
$
71,852

 
$
714,414

 
$
29,042

Net income attributable to noncontrolling interests
 
898

 
3,967

 
—

 
4,865

 
787

Subscriptions (redemptions), net
 
(95,233
)
 
5

 
—

 
(95,228
)
 
—

Distributions
 
—

 
(12,821
)
 
—

 
(12,821
)
 
(855
)
Foreign exchange
 
—

 
264

 
—

 
264

 
—

Vesting/change in estimated redemption value
 
—

 
1,805

 
37

 
1,842

 
—

Balance as of June 30, 2020
 
$
22,805

 
$
518,642

 
$
71,889

 
$
613,336

 
$
28,974

 
 
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, 2019
 
$
103,630

 
$
540,595

 
$
48,151

 
$
692,376

 
$
29,784

Net income attributable to noncontrolling interests
 
6,477

 
6,879

 
—

 
13,356

 
2,863

Subscriptions (redemptions), net
 
(6,906
)
 
—

 
—

 
(6,906
)
 
—

Business acquisition
 
—

 
11,715

 
—

 
11,715

 
—

Purchase of affiliate noncontrolling interest put:
 
 
 
 
 
 
 
—

 
 
 Payment (fair value portion)
 
—

 
(8,789
)
 
—

 
(8,789
)
 
—

Change in redemption value
 
—

 
(25,708
)
 
—

 
(25,708
)
 
—

Distributions
 
—

 
(14,063
)
 
—

 
(14,063
)
 
(2,167
)
Foreign exchange
 
—

 
(837
)
 
—

 
(837
)
 
—

Vesting/change in estimated redemption value
 
—

 
801

 
2,812

 
3,613

 
—

Balance as of June 30, 2019
 
$
103,201

 
$
510,593

 
$
50,963

 
$
664,757

 
$
30,480


(1) Related to VIEs and seeded investment products.
(2) Related to Royce management equity plan.












The following tables present the changes in redeemable noncontrolling interests by affiliate (exclusive of management equity plans):
 
 
Redeemable noncontrolling interests
 
 
EnTrust Global
 
Clarion Partners
 
Other
 
Total
Balance as of March 31, 2020
 
$
379,090

 
$
133,610

 
$
12,722

 
$
525,422

Net income (loss) attributable to noncontrolling interests
 
(1,177
)
 
5,086

 
58

 
3,967

Subscriptions (redemptions), net
 
—

 
—

 
5

 
5

Distributions
 
(1,966
)
 
(10,855
)
 
—

 
(12,821
)
Foreign exchange
 
—

 
—

 
264

 
264

Change in estimated redemption value
 
—

 
1,805

 
—

 
1,805

Balance as of June 30, 2020
 
$
375,947

 
$
129,646

 
$
13,049

 
$
518,642


 
 
Redeemable noncontrolling interests
 
 
EnTrust Global
 
Clarion Partners
 
RARE Infrastructure
 
Other
 
Total
Balance as of March 31, 2019
 
$
380,684

 
$
123,502

 
$
35,181

 
$
1,228

 
$
540,595

Net income (loss) attributable to noncontrolling interests
 
2,884

 
4,118

 
106

 
(229
)
 
6,879

Business acquisition
 
—

 
—

 
—

 
11,715

 
11,715

Distributions
 
(3,407
)
 
(10,656
)
 
—

 
—

 
(14,063
)
Purchase of affiliate noncontrolling interest:
 
 
 
 
 
 
 
 
 
 
Payment (fair value portion)
 
—

 
—

 
(8,789
)
 
—

 
(8,789
)
Change in redemption value
 
—

 
—

 
(25,708
)
 
—

 
(25,708
)
Foreign exchange
 
—

 
—

 
(790
)
 
(47
)
 
(837
)
Change in estimated redemption value
 
—

 
801

 
—

 
—

 
801

Balance as of June 30, 2019
 
$
380,161

 
$
117,765

 
$
—

 
$
12,667

 
$
510,593