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Note 15 - Noncontrolling Interests and Redeemable Noncontrolling Interests - Redemption Value of the Redeemable Noncontrolling Interests (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Balance $ 17,943 $ 23,682  
Income 1,022 358  
Distributions (1,021) (345)  
Redemption of redeemable units (1) [1] 0 (5,752)  
Adjustment to estimated redemption value (2) (2,160) [2] 0 [2] $ 7,521
Balance $ 15,784 $ 17,943 $ 23,682
[1] During 2019, the Company redeemed all 5,223,313 Class A Units for a total redemption price of $5.8 million.
[2] During the year ended December 31, 2020, the Company recorded an adjustment of $2.2 million to the estimated redemption fair market value of this noncontrolling interest in accordance with the provisions of the joint venture agreement and ASC 480 – Accounting for Redeemable Equity Instruments. The Company assesses the fair market value of this noncontrolling interest on a recurring basis and determined that its valuation was classified within Level 3 of the fair value hierarchy. The estimated fair market value of this noncontrolling interest was based upon a discounted cash flow model, for which a capitalization rate of 5.50% and discount rate of 6.50% were utilized in the model based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. No adjustment to fair value was required during the year ended December 31, 2019.