Note 11 - Noncontrolling Interests

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Noncontrolling Interest Disclosure [Text Block]

11.

Noncontrolling Interests

      Noncontrolling interests represent the portion of equity that the Company does

not

own in entities it consolidates as a result of having a controlling interest or determined that the Company was the primary beneficiary of a VIE in accordance with the provisions of the FASB’s Consolidation guidance.  The Company accounts and reports for noncontrolling interests in accordance with the Consolidation guidance and the Distinguishing Liabilities from Equity guidance issued by the FASB. The Company identifies its noncontrolling interests separately within the equity section on the Company’s Condensed Consolidated Balance Sheets. The amounts of consolidated net income attributable to the Company and to the noncontrolling interests are presented separately on the Company’s Condensed Consolidated Statements of Income.  During the

six

months ended

June 30, 2018,

there were various transactions that had an impact on noncontrolling interest. See Footnotes

3

and

5

to the Notes to Condensed Consolidated Financial Statements for additional information regarding specific transactions.

In addition, during the

six

months ended

June 30, 2018,

the Company acquired its partners’ interests in

three

consolidated entities, in

two

separate transactions, for an aggregate purchase price of

$3.4

million. These transactions resulted in a net decrease in Noncontrolling interest of

$4.6

million and a corresponding net increase in Paid-in capital of

$1.2

million on the Company’s Condensed Consolidated Balance Sheets. There are

no

remaining partners in

two

of these consolidated entities.

      Included within noncontrolling interests are units that were determined to be contingently redeemable that are classified as Redeemable noncontrolling interests and presented in the mezzanine section between Total liabilities and Stockholder’s equity on the Company’s Condensed Consolidated Balance Sheets.