NOTE F – EQUITY

Changes in equity for the three and six month periods ended June 30, 2014 and 2013, are as follows:



	Three Months Ended June 30,
	2014									2013
	TETRA			Non- controlling Interest			Total			TETRA			Non- controlling Interest			Total
	(In Thousands)
Beginning balance for the period	$	548,062		$	41,585		$	589,647		$	548,577		$	42,094		$	590,671
Net income (loss)	(2,457		)	907			(1,550		)	(2,931		)	423			(2,508		)
Foreign currency translation adjustment, including taxes of ($750) in 2014 and taxes of $810 in 2013	3,244			—			3,244			(2,786		)	—			(2,786		)
Comprehensive income (loss)	787			907			1,694			(5,717		)	423			(5,294		)
Exercise of common stock options	105			—			105			207			—			207
Distributions to public unitholders	—			(1,265		)	(1,265		)	—			(1,202		)	(1,202		)
Equity-based compensation	1,184			235			1,419			1,398			371			1,769
Treasury stock and other	(352		)	(34		)	(386		)	(242		)	(13		)	(255		)
Tax benefit upon exercise of stock options	(132		)	—			(132		)	(153		)	—			(153		)
Ending balance as of June 30	$	549,654		$	41,428		$	591,082		$	544,070		$	41,673		$	585,743



	Six Months Ended June 30,
	2014									2013
	TETRA			Non- controlling Interest			Total			TETRA			Non- controlling Interest			Total
	(In Thousands)
Beginning balance for the period	$	555,541		$	41,957		$	597,498		$	551,120		$	42,188		$	593,308
Net income	(9,391		)	1,751			(7,640		)	(1,628		)	1,220			(408		)
Foreign currency translation adjustment, including taxes of $446 in 2014 and taxes of $546 in 2013	777			—			777			(8,722		)	—			(8,722		)
Comprehensive Income (loss)	(8,614		)	1,751			(6,863		)	(10,350		)	1,220			(9,130		)
Exercise of common stock options	391			—			391			989			—			989
Distributions to public unitholders	—			(2,508		)	(2,508		)	—			(2,393		)	(2,393		)
Equity-based compensation	2,836			437			3,273			2,930			693			3,623
Treasury stock and other	(368		)	(209		)	(577		)	(230		)	(35		)	(265		)
Tax benefit upon exercise of stock options	(132		)	—			(132		)	(389		)	—			(389		)
Ending balance as of June 30	$	549,654		$	41,428		$	591,082		$	544,070		$	41,673		$	585,743

Activity within the foreign currency translation adjustment account during the periods includes no reclassifications to net income.

As discussed in Note B - Acquisitions, to finance a portion of the CSI Acquisition purchase price, Compressco Partners completed a public offering of its common units pursuant to which it sold 15,280,000 of New Units. . A subsidiary of our Compressco Partners GP Inc. subsidiary purchased 1,391,113 of the New Units. Additionally, Compressco Partners GP Inc. contributed approximately $7.3 million in order to maintain its approximately 2% general partner interest in Compressco Partners. Prior to the CSI Acquisition and the offering of the New Units by Compressco Partners, we owned approximately 82% of Compressco Partners through our ownership of common units, subordinated units, and general partner interest (through which we hold incentive distribution rights). Following the CSI Acquisition, and the issuance of the New Units, our ownership of Compressco Partners is approximately 47%, consisting of approximately 45% limited partner interest (common and subordinated units) plus the approximately 2% general partner interest. Through Compressco Partners GP Inc., we will continue to manage Compressco Partners, and, accordingly, we will continue to consolidate the results of Compressco Partners as part of our consolidated results of operations. In connection with the Compressco Partners' offering of the New Units, Compressco Partners granted an option to the underwriters (subject to certain terms and conditions as set forth in the Underwriting Agreement) to purchase up to an additional 2,292,000 common units at the public offering price of $23.50 per common unit, less the underwriting discount. This option expires August 23, 2014. As a result of these transactions, and beginning in the third quarter of 2014, the non-controlling interest associated with the public ownership of Compressco Partners will be significantly increased.